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

DNV GL has verified that Meidensha's proposed Green Bonds, intended to fund mass-production facilities for electric vehicle parts, align with the Climate Bonds Standard v2.1 and other international green bond frameworks. The portfolio includes three projects: Nagoya Works, Kofu Meidensha Electric Mfg. Co., Ltd., and Numazu Works, with a total bond amount of 6 billion JPY and a maturity of 5 years. The verification confirms that the projects are designed to reduce CO2 emissions and contribute to UN SDGs 7 and 13.

• DNV GL confirmed that the nominated green projects are designed and planned for execution in accordance with the Climate Bonds Standard v2.1, Green Bond Principles 2018, and Green Bond Guidelines 2017.
• The Green Bond portfolio consists of three mass-production facilities for electric vehicle (EV/PHEV/HV) parts: Nagoya Works, Kofu Meidensha Electric Mfg. Co., Ltd., and Numazu Works. The total bond amount is 6 billion JPY with a 5-year maturity.
• The specific projects include the production of Inverter-Integrated Motor Units at Nagoya Works, Motors for EVs at Kofu Meidensha Electric Mfg. Co., Ltd., and Inverters for EVs at Numazu Works.
• The Kofu Meidensha Electric Mfg. Co., Ltd. project includes a roof-top solar PV facility of approximately 300kW, which was assessed as a secondary environmental benefit.
• Meidensha's environmental strategy includes a target to reduce greenhouse gas emissions from business activities by 30% by fiscal 2030 compared to fiscal 2017, aligned with the Paris Agreement and Science Based Targets (SBT) of 2°C.
• The bond's use of proceeds is aligned with UN Sustainable Development Goals (SDGs) Goal 7 (affordable and clean energy) and Goal 13 (climate action) by contributing to the electrification of automobiles.
• Meidensha has established a management process to track bond proceeds using internal accounting protocols, with outstanding balances reviewed at least annually and quarterly approvals by the financing director.

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} }