Green Bond Fact Sheet

This fact sheet details a JPY 6 billion green bond issued by Meidensha Corporation on July 23, 2019, to fund the expansion and construction of manufacturing facilities for electric and hybrid vehicle motors and rooftop solar panels in Japan.

• Meidensha Corporation issued a green bond on July 23, 2019, with a total amount of JPY 6 billion (approximately USD 55.5 million) and a 5-year tenor maturing on July 23, 2024.
• The bond is the first Certified Climate Bond associated with the production of motors for hybrid and electric vehicles. It was certified under the Climate Bonds Standard V2.1, specifically the Sector Criteria for Solar and Low Carbon Transport, with pre-issuance verification provided by DNV GL.
• Proceeds from the bond are designated for the refinancing and financing of new and existing facilities at three manufacturing sites in Japan. These sites are dedicated to producing motors and related parts for electric and hybrid electric vehicles, as well as installing rooftop solar panels on factory buildings. These facilities were expected to be operational later in 2019.
• Meidensha Corporation, which reported group sales of JPY 242 billion (USD 2.2 billion) in FY 2017, has a history of supplying motors for electric vehicles, including the Mitsubishi i-MiEV starting in 2009 and the Mitsubishi Outlander plug-in hybrid since 2013. The company has also committed to a GHG reduction target for itself and its supply chain through the Science Based Targets Initiative (SBTI).
• The issuer will provide annual public reports on its website detailing the allocation of proceeds and the three factories, including estimated avoided CO2 emissions verified by DNV GL.

APA

Climate Bonds Initiative (2019). Green Bond Fact Sheet. https://www.climatebonds.net/files/drupal-files/files/2019-07%20JP%20Meidensha.pdf

Chicago

Climate Bonds Initiative. Green Bond Fact Sheet. 2019. https://www.climatebonds.net/files/drupal-files/files/2019-07%20JP%20Meidensha.pdf.

Wikipedia

{{cite report |author=Climate Bonds Initiative |title=Green Bond Fact Sheet |date=29 July 2019 |url=https://www.climatebonds.net/files/drupal-files/files/2019-07%20JP%20Meidensha.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatebondsinitiative2019green, author = {{Climate Bonds Initiative}}, title = {{Green Bond Fact Sheet}}, institution = {Climate Bonds Initiative}, year = {2019}, month = jul, url = {https://www.climatebonds.net/files/drupal-files/files/2019-07%20JP%20Meidensha.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }