Issuance of Green Bonds
Until now, Daiwa Securities Group has sold various kinds of SDG bonds in Japan (including conventional Impact Investment bonds), thereby supporting the solving of social issues from the standpoint of a financial institution. In November 2018, Daiwa Securities Group Inc. issued its first Green Bonds, expanding its initiatives aimed at invigorating markets. As part of such initiatives, the proceeds from the Green Bonds have been used as investment and loan funds for renewable energy generation projects worked on by the Group, as well as facility funds for Green Buildings. The Group will continue to contribute to the realization of a sustainable society and provide investors with new investment opportunities.
Information on Green Bonds Issued by Daiwa Securities Group Inc.
(as of the end of June 2023)
1. Allocation of proceeds
The proceeds from the Green Bonds issued by Daiwa Securities Group Inc. in November 2018 (issuance amount: ¥10 billion) were fully appropriated for eligible Green Projects.
See the table below for the balance of investment and loans for eligible Green Projects by category.
| Category | Sub-category | Commencement of Finance/Refinance |
Finance/Refinance | Balance (units of ¥ billion) |
|---|---|---|---|---|
| Renewable energy | Photovoltaic power generation | June 2021 | Finance | 1.8 |
| Renewable energy | Photovoltaic power generation | June 2023 | Refinance | 0.7 |
| Renewable energy | Photovoltaic power generation | June 2023 | Refinance | 5.5 |
| Green Building | - | November 2018 | Refinance | 2.0 |
| total | 10 | |||
2. Environmental Impact
Report on Environmental Impact (as of the end of June 2023)
| Sub-category | Energy output/ assumed energy output (MWh) |
Estimated CO2 emissions reduction effect (t-CO2) |
|---|---|---|
| Photovoltaic power generation | 90,816 | 41,503 |
- *Calculation of environmental impact when no results have been obtained or the period of operation is less than one year, the assumed energy output is calculated based on a report on energy output projections submitted by a third-party institution. For projects under development, the assumed output for the first year of operation is used. All power plants are scheduled to be brought into operation by FY2023.
| Level of certifications | |||
|---|---|---|---|
| Awarded Five Stars for the DBJ Green Building Certification Program | |||
| Energy consumption（GJ/kl） | CO2 emission（t） | ||
| 38.764 | 8,110 | ||
| Energy consumption by use（%） | Water consumption（m3） | ||
| Electricity | 74.45 | 35,756 | |
| Heavy oil | 0.141 | Waste generated（t） | |
| Cold water | 16.914 | 324.9 | |
| Steam water | 8.482 | Recycle rate（%） | |
| Gas | 0.013 | 60 | |
- *The figures are for the period from April 2022 to March 2023.
3. Annual Review by Independent provider of ESG research and analysis
A review by an independent provider of ESG research and analysis confirmed that the use of proceeds criteria and the reporting criteria were met.
4. Initiatives by Group Companies
Daiwa Securities Co. Ltd.
Daiwa Next Bank, Ltd.
Daiwa Energy & Infrastructure Co. Ltd.
- Notice on Sales, etc. of Daiwa Green Finance Program Trust Beneficiary Interests and Trust ABL (Iwamizawa and Kushiro Solar Power Plants) < Japanese only >
- Notice on Sales, etc. of Daiwa Green Finance Program Trust Beneficiary Interests and Trust ABL (Shiraoi Town Takeura Solar Power Plant) < Japanese only >
- Completion of Shiraoi Town Takeura Solar Power Plant < Japanese only >
- Reporting on Green Project Bonds < Japanese only >