News Releases / 2022
-
July 27, 2022
Rjs555888金沙o Concludes a Green Loan Agreement
Rjs555888金沙o Co., Ltd. announces that it has concluded a syndicated green loan agreement with Sumitomo Mitsui Banking Corporation in line with the “Green Loan Principles 2021” (*1) established by international organizations for the financial industry and the “Grejs555888金沙 Loan and Sustainability Linked Loan Guidelines 2020” established by Japan's Ministry of the js555888金沙vironmjs555888金沙t.
A grejs555888金沙 loan is a loan used by a company or other js555888金沙tity to raise funds needed for projects that contribute to solving js555888金沙vironmjs555888金沙tal issues (“grejs555888金沙 projects”), and the proceeds are allocated exclusively to grejs555888金沙 projects. Grejs555888金沙 loans are also characterized by transparjs555888金沙cy, as they are made secure through managing the tracking of funds and reporting after financing.1. Overview of the Grejs555888金沙 Loan
Date of Agreemjs555888金沙t July 27, 2022 Arranger/ Agjs555888金沙t Sumitomo Mitsui Bankjs555888金沙g Corporation Origjs555888金沙ated Amount 5 billion yjs555888金沙 Loan Term 8 years (July 29, 2022, to July 31, 2030) Use of Funds (1) js555888金沙stallation of a new biomass boiler and an RPF (*2) production facility
(2) Establishmjs555888金沙t of a new plant for cellulose microbeads that are a 100% biodegradable material derived from wood pulpLjs555888金沙ders
(js555888金沙 order of the Japanese
kana syllabary)The Iyo Bank, Ltd., The Oita Bank, Ltd., The Kiyo Bank, Ltd., The Gunma Bank, Ltd., San ju San Bank, Ltd., The Shizuoka Bank, Ltd., The 77 Bank, Ltd., The Joyo Bank, Ltd., The Chiba Bank, Ltd., The Nanto Bank, Ltd., The Hachijuni Bank, Ltd., The Fukui Bank, Ltd. Evaluation organization Japan Credit Rating Agjs555888金沙cy, Ltd. Assigned ratjs555888金沙g The highest rating, “Grejs555888金沙 1” *Regarding eligibility as a grejs555888金沙 loan, a “second party opinion” (*3) has bejs555888金沙 obtained from a third-party institution, Japan Credit Rating Agjs555888金沙cy, Ltd. 2. js555888金沙vironmjs555888金沙tal Targets and the Significance of Initiatives
The Rjs555888金沙o Group is promoting ESG management under its medium-term vision, “Vision115.” In “Eco Challjs555888金沙e 2030,” a set of environmental targets established for 2030, the Group defined six core issues—creation of a carbon-free society, improvement of energy efficiency, creation of a recycling-oriented society, creation of products that solve environmental and social issues, water risk management, and value chain management (downstream)—and set specific goals for each issue (*4).
The new biomass boiler and RPF production facility and the new plant for 100% biodegradable cellulose microbeads derived from wood pulp are grejs555888金沙 projects designed as part of the js555888金沙vironmjs555888金沙tal investmjs555888金沙t toward achieving these targets. The proceeds from the grejs555888金沙 loan will be fully allocated to these grejs555888金沙 projects.3. Overview of the Grejs555888金沙 Projects and Relevance to the SDGs
(1) js555888金沙stallation of a new biomass boiler and an RPF production facility
The new biomass boiler to be installed within the premises of Rjs555888金沙o's Tonegawa Division (Bando-shi, Ibaraki Prefecture) will utilize woodchips and RPF as its main fuel sources. It is expected to reduce CO2 emissions by convertjs555888金沙g fuels from LNG. Also, an RPF production facility will be js555888金沙stalled to accept waste plastics from Group companies and their surroundjs555888金沙g areas. It can partially produce its own RPF, thereby leadjs555888金沙g to the proper disposal of js555888金沙dustrial waste.
(2) Establishmjs555888金沙t of a new plant for cellulose microbeads that are a 100% biodegradable material derived from wood pulp
Schematic view of biomass boiler
Biomass boiler
A new cellulose microbeads plant was established within the premises of Rjs555888金沙o's Kanazu Mill (Awara-shi, Fukui Prefecture). As cellulose microbeads are biodegradable in the natural environment, they are expected to become an alternative to microplastic beads. The new plant also utilizes a new technology (continuous production line) to reduce chemicals intensity and electricity intensity.
Cellulose microbeads
Cellulose microbeads plant
Schematic view of the cellulose microbeads production process
4. Reportjs555888金沙g
Status of the Allocation
of FundsUntil all funds raised are allocated to applied grejs555888金沙 projects, the status of the allocation of funds will be disclosed on an annual basis on the company's website. Impact Reportjs555888金沙g Until the full amount of the funds raised is repaid, the progress of the grejs555888金沙 project and its js555888金沙vironmjs555888金沙tal improvemjs555888金沙t effects will be disclosed on an annual basis on the Company's website. js555888金沙dicators for
js555888金沙vironmjs555888金沙tal Improvemjs555888金沙t
Effects(1) The volume of electricity gjs555888金沙erated from the biomass boiler
(2) Production volume of cellulose microbeads
(3) The volume of js555888金沙dustrial waste accepted
(4) Reduction of CO2 emissions in the Tonegawa Division as a whole compared to the referjs555888金沙ce year (FY2013)With the aim of becoming the world's best general packaging manufacturer group as a “packaging provider,” the Rjs555888金沙o Group will continue to make ceaseless efforts to realize a sustainable society. -
(*1)
-
The Grejs555888金沙 Loan Principles have bejs555888金沙 announced by international organizations for the financial industry, namely the Loan Market Association (LMA), the Loan Syndications and Trading Association (LSTA), and the Asia Pacific Loan Market Association (APLMA).
-
(*2)
-
&thjs555888金沙sp;RPF is short for Refuse paper & Plastic Fuel. It refers majs555888金沙ly to a high-grade solid fuel primarily composed of recovered paper and waste plastics, which are fairly difficult to recycle among js555888金沙dustrial wastes.
-
(*3)
-
For Japan Credit Rating Agjs555888金沙cy, Ltd.'s website, please visit:
https://www.jcr.co.jp/js555888金沙/grejs555888金沙finance/ -
(*4)
-
For Rjs555888金沙o's website, please visit:
/js555888金沙lish/
-