Green Bond Fact Sheet

This fact sheet details a JPY 5 billion (USD 46 million) green bond issued by Daiken Corporation on September 20, 2019, to fund circular economy initiatives in Japan, specifically the reuse of construction waste and volcanic soil in manufacturing plants.

• Daiken Corporation issued an unsecured green bond on September 20, 2019, with a total amount of JPY 5 billion (approximately USD 46 million) and a maturity date of September 20, 2022.
• The proceeds of the bond are designated for capital investment and refinancing of manufacturing plants in Takahagi and Okayama. These plants produce insulation boards from construction waste, 'Rock Wool Inorganic Board' from steel manufacturing by-products, and DaiLotone and Dai-Lite boards using volcanic soil (Shirasu).
• The bond's use of proceeds focuses on waste management (specifically recycling and waste prevention) and industrial processes to support the construction of a circular society.
• Daiken Corporation committed to disclosing a summary of funded eligible projects and allocation amounts on its website until full allocation is reached, which is expected within one year. Additionally, the company plans to report environmental improvement indicators annually until the bond matures.
• The bond received a green bond rating of 'JCR - Green 1', although it was not certified under a specific certification standard and did not have a second party opinion or assurance report.

APA

Climate Bonds Initiative (2019). Green Bond Fact Sheet. https://www.climatebonds.net/files/drupal-files/files/2019-09%20JP%20Daiken%20Corporation.pdf

Chicago

Climate Bonds Initiative. Green Bond Fact Sheet. 2019. https://www.climatebonds.net/files/drupal-files/files/2019-09%20JP%20Daiken%20Corporation.pdf.

Wikipedia

{{cite report |author=Climate Bonds Initiative |title=Green Bond Fact Sheet |date=20 September 2019 |url=https://www.climatebonds.net/files/drupal-files/files/2019-09%20JP%20Daiken%20Corporation.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 = sep, url = {https://www.climatebonds.net/files/drupal-files/files/2019-09%20JP%20Daiken%20Corporation.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }