Meidensha Green Bonds For Green bond eligibility pre-issuance DNV GL Verification Report

This pre-issuance verification report by DNV GL Business Assurance Japan K.K. confirms that Meidensha's proposed Green Bonds are designed and planned in accordance with the Climate Bonds Standard v2.1, the ICMA Green Bond Principles 2018, and the Ministry of the Environment Japan Green Bond Guidelines 2017.

• DNV GL has verified that the Meidensha Green Bonds are in material compliance with the Climate Bonds Standard (CBS) v2.1 and associated Sector Technical Criteria, specifically those for Low Carbon Land Transport (version 1.0).
• The bond proceeds, totaling 6 billion JPY with a 5-year maturity, are allocated to a portfolio of three mass-production facilities for electric vehicle (EV), plug-in hybrid electric vehicle (PHEV), and hybrid vehicle (HV) parts.
• The three specific projects include the Nagoya Works (renovation and new facilities for inverter-integrated motor units), Kofu Meidensha Electric Mfg. Co., Ltd. (new building and facilities for motors), and Numazu Works (facility expansion for inverters).
• The Kofu Meidensha Electric Mfg. Co., Ltd. project includes a roof-top solar PV facility of approximately 300kW, which DNV GL assessed as providing a secondary environmental benefit.
• Meidensha's project selection process is aligned with its 'Environmental Strategy of the Group' and targets a 30% reduction in GHG emissions from business activities by fiscal 2030 compared to fiscal 2017.
• The bond is designed to contribute to United Nations Sustainable Development Goals (SDGs), specifically Goal 7 (Affordable and Clean Energy) and Goal 13 (Climate Action), by promoting the electrification of automobiles.
• Meidensha has established a management and reporting framework where proceeds are tracked via an internal accounting protocol, and environmental impacts, such as annual CO2 emission reductions in tons, will be reported on the company website.

APA

Climate Bonds Initiative (2019). Meidensha Green Bonds For Green bond eligibility pre-issuance DNV GL Verification Report. https://www.climatebonds.net/files/drupal-files/files/Meidensha%20pre%20issuance%20verification%20PUBLIC.pdf

Chicago

Climate Bonds Initiative. Meidensha Green Bonds For Green bond eligibility pre-issuance DNV GL Verification Report. 2019. https://www.climatebonds.net/files/drupal-files/files/Meidensha%20pre%20issuance%20verification%20PUBLIC.pdf.

Wikipedia

{{cite report |author=Climate Bonds Initiative |title=Meidensha Green Bonds For Green bond eligibility pre-issuance DNV GL Verification Report |date=July 2019 |url=https://www.climatebonds.net/files/drupal-files/files/Meidensha%20pre%20issuance%20verification%20PUBLIC.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatebondsinitiative2019meidensha, author = {{Climate Bonds Initiative}}, title = {{Meidensha Green Bonds For Green bond eligibility pre-issuance DNV GL Verification Report}}, institution = {Climate Bonds Initiative}, year = {2019}, month = jul, url = {https://www.climatebonds.net/files/drupal-files/files/Meidensha%20pre%20issuance%20verification%20PUBLIC.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }