TOKYO, Aug 2, 2024 - (JCN Newswire) - Mitsubishi Heavy Industries, Ltd. (MHI) submitted a revised shelf registration statement to the Director-General of the Kanto Local Finance Bureau today in preparation for its planned issuance of transition bonds via public offering in the Japanese bond market.
MHI was selected as a model example for the "2021 Climate Transition Finance Model Projects" being supported by the Ministry of Economy, Trade and Industry (METI) in March 2022, and issued its first transition bonds in September 2022. This will be our third issuance of transition bonds.
MHI also revised its Green/Transition Finance Framework to apply various latest principles and guidelines, reflect plans such as MHI's 2024 Medium-Term Business Plan, and add uses of proceeds (solar power, biogas production, nuclear energy systems, synthetic fuel such as sustainable aviation fuel (SAF)). MHI's bonds are issued according to this framework.
The Mitsubishi Heavy Industries Group has defined two growth areas: "Energy Transition", which aims to decarbonize the energy supply side, and "Smart Infrastructure", which targets to realize the decarbonization, and promote the energy efficiency, manpower saving in the energy demand side. As part of the financing necessary for focusing on businesses in these areas, and promote decarbonization, electrification and intelligence in its existing businesses, MHI is utilizing sustainable finance such as transition bonds and green bonds.
By issuing the bonds, MHI will promote its energy transition initiatives and contribute to realizing a Carbon Neutral society.
For more information, visit www.mhi.com/news/240802.html.
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.
Topic: Press release summary
Source: Mitsubishi Heavy Industries, Ltd.
Sectors: Alternative Energy
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