Top Page | English | 简体中文 | 繁體中文 | 한국어 | 日本語
Friday, 9 February 2024, 15:33 HKT/SGT
Share:
    

Source: Mitsubishi Heavy Industries, Ltd.
MHI Concludes Nissay Positive Impact Finance Agreement

TOKYO, Feb 9, 2024 - (JCN Newswire) - Mitsubishi Heavy Industries, Ltd. (MHI) has concluded a Nissay Positive Impact Finance (Note1) agreement with Nippon Life Insurance Company (Nippon Life) (contract amount: JPY 6.0 billion yen).

MHI Group, in response to the growing need to address the global challenge of climate change, in 2020, identified five material issues, including "Provide energy solutions to enable a carbon neutral world," as priority measures to contribute to solving societal issues and ensuring continued growth over the medium to long term.In addition, in the 2021 Medium-Term Business Plan announced that same year, MHI Group specified as growth areas "Energy Transition," aiming to achieve decarbonization in the energy supply side, and "Smart Infrastructure," supporting decarbonization, energy efficiency, and labor savings in the energy demand side. By decarbonizing both the generation and use of energy, MHI Group is contributing to achieving Net Zero carbon emissions by 2040 and realizing a carbon neutral world.

In concluding this agreement, the following Core Impacts were selected from the MHI Group's materiality issues and other topics as activities that contribute to achieving the UN SDGs (Sustainable Development Goals). The qualitative and quantitative evaluation is conducted by Nippon Life, with a second opinion provided by Rating and Investment Information Inc. (R&I) (Note2) regarding compliance with the Principles for Positive Impact Finance, and the rationality of the evaluation indicators used.

The MHI Group aims to contribute to the sustainable enhancement of corporate value and the realization of a sustainable society by leveraging the Group's comprehensive capabilities and strengths to enrich people's lives.

Positive Impact Finance
Positive Impact Finance (PIF) is a loan intended to provide continuous support for corporate activities while comprehensively analyzing and evaluating the impacts (both positive and negative) that those activities have on the environment, society, and the economy, based on the Principles for Positive Impact Finance and implementation guidelines formulated by the United Nations Environment Programme Finance Initiative (UNEP FI). The key feature of PIF is the use as an evaluation indicator the degree of contribution to achieving the SDGs through corporate activities, products, and services, and monitoring based on disclosed information.

United Nations Environment Programme Finance Initiative (UNEP FI)
The UNEP FI is a broad-based, close partnership between the UNEP and more than 200 global financial institutions. Established in 1992, UNEP FI coordinates with financial institutions, policy agencies, and regulatory bodies to facilitate a shift to financial systems that integrate economic development with environmental, social, and governance (ESG) considerations.

United Nations Environment Programme (UNEP)
The UNEP is an auxiliary agency of the UN established in 1972 to implement the Human Environment Declaration and the International Environmental Action Programme.

Principles for Positive Impact Finance
The Principles for Positive Impact Finance, formulated by the UNEP FI in January 2017, is a financial framework for achieving SDGs. Companies disclose their contributions to achieving SDGs as KPIs. Banks then assess the positive impact of those contributions and provide funding to enhance the beneficial impacts of that company, and to encourage reduction of negative impacts. Banks provide funds as responsible financial institutions, monitoring the KPIs to confirm that the impacts are ongoing.

(1) Nissay Positive Impact Finance is ESG-themed investment provided by Nippon Life. By identifying the impacts that a company's overall business activities have in the areas of environment, society, and economy, and setting KPIs, the financing aims to increase positive impacts while reducing negative ones.Major ESG Investment and Finance Exampleshttps://www.nissay.co.jp/global/sustainability/esg/example.html
(2) For more information about Rating and Investment Information, Inc. (R&I), visit the following website:https://www.r-i.co.jp/en/index.html
(3) "Health and Productivity Management" is a registered trademark of Nonprofit Organization Kenkokeiei.

About MHI Group

Mitsubishi Heavy Industries (MHI) Group is one of the world’s leading industrial groups, spanning energy, smart infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world. For more information, please visit www.mhi.com or follow our insights and stories on spectra.mhi.com.

For more information, visit www.mhi.com/news/24020902.html




Topic: Press release summary
Source: Mitsubishi Heavy Industries, Ltd.

Sectors: Energy, Alternatives
http://www.acnnewswire.com
From the Asia Corporate News Network


Copyright © 2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.


Mitsubishi Heavy Industries, Ltd. Links

http://www.mhi.com

https://www.mhi.com/rss/

https://www.facebook.com/mhi.ltd/

https://twitter.com/MHI_Group

https://www.youtube.com/user/DiscoverMHI

https://www.linkedin.com/company/mitsubishi-heavy-industries/

Mitsubishi Heavy Industries, Ltd.
Feb 21, 2024 15:28 HKT/SGT
MHI Group Presents "Best Innovation 2023" Awards for Activities that Contribute to Protecting the Environment
Feb 19, 2024 09:08 HKT/SGT
MHI Recognized by CDP as Being at the Leadership Level for Climate Change Earning A- score
Feb 13, 2024 17:15 HKT/SGT
Mitsubishi Power Receives Order for State-of-the-Art JAC Series GTCC Power Plant for Uzbekistan Navoi 3 Power Plant Project
Feb 9, 2024 15:46 HKT/SGT
MHI Contributes to Successful Acquisition of First Observation Images by JAXA's "XRISM" X-ray Imaging and Spectroscopy Mission Satellite
Feb 7, 2024 16:26 HKT/SGT
Mitsubishi Heavy Industries Achieves Large YoY Growth in Order Intake, Revenue, and Profit in Strong Third Quarter, Raises FY2023 Order Intake and Revenue Guidance
Feb 6, 2024 14:13 HKT/SGT
MHI and Worley Awarded FEED Contract for UK's First CO2 Capture Plant at a Cement Production Facility
Jan 24, 2024 15:13 HKT/SGT
MHI Thermal Systems to Launch New Air-Conditioner TV Ads Featuring Popular Actor Keiko Kitagawa
Jan 22, 2024 17:22 HKT/SGT
MHI Completed manufacturing of Three Replacement Steam Generators for EDF's Nuclear Power Plant
Jan 17, 2024 15:32 HKT/SGT
MHI and KEPCO Agree to Install a CO2 Capture Pilot Plant at Himeji No.2 Power Station
Jan 12, 2024 15:26 HKT/SGT
Mitsubishi Shipbuilding Holds Christening and Launch Ceremony in Shimonoseki for Salvage Tug "Koyo Maru" Built for Nippon Salvage
More news >>
 News Alerts
Copyright © 2024 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Privacy Policy | Terms of Use | RSS
US: +1 214 890 4418 | Beijing: +86 400 879 3881 | Hong Kong: +852 8192 4922 | Singapore: +65 6549 7068 | Tokyo: +81 3 6859 8575

Connect With us: