· MHI decided to issue the third series of transition bonds for 3 consecutive years to promote the company's energy transition initiatives
· Revisions to MHI's Green/Transition Finance Framework include the application of various latest principles and guidelines, the reflection of plans such as MHI's 2024 Medium-Term Business Plan, and the addition of uses of proceeds
· MHI, as a leading company in the decarbonization field with an extensive track record and ongoing development of advanced technologies, is accelerating the promotion of projects that contribute to carbon neutrality of Japan and the world
Mitsubishi Heavy Industries, Ltd. (MHI) submitted a revised shelf registration statement to the Director-General of the Kanto Local Finance Bureau 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.
