—Nomura Securities Co., Ltd, a wholly owned subsidiary of Nomura
Holdings, Inc., today announced that it has priced a three-year Green Bond[[Green bonds are any type of bond instrument where the proceeds will be exclusively applied to finance eligible Green Projects.
NTT Group has developed the NTT Green Bond Framework outlining its policy regarding four core components of the offering (1.
Use of proceeds, 2. Process for project evaluation and selection, 3. Management of proceeds and 4. Reporting), in accordance with
the 2018 Green Bond Principles and the 2017 Green Bond Guidelines. NTT Group’s green bond has received a Second-Party
Opinion from Sustainalytics to ensure the framework conforms to the 2018 Green Bond Principles by ICMA and the 2020 Green
Bond Guidelines by the Ministry of the Environment. The company has received a GA1 rating]] issue valued at 40 billion yen for NTT Finance Corporation. Nomura acted as bookrunner and green bond structuring
agent[[A green bond structuring agent supports the issuance of green bonds by advising issuers on the development of a green
bond framework and on obtaining a second-party opinion.]] for the offering, which was the first such offering for the company.
The NTT Group CSR Charter sets out the key principles that drive NTT Group’s CSR initiatives
and underpin its commitment to building a sustainable society. Guided by these principles, NTT
Group is working to resolve social challenges through its business activities and create a safe and
secure environment where people interact positively with society and nature.
A key focus for the group is protecting the environment through ongoing initiatives. In keeping with
this commitment, NTT Group has developed the NTT Group Green Bond Framework with
Nomura’s support.
The proceeds from the offering will be used to invest in the development of green buildings by
NTT Urban Development, one of the green projects included in the NTT Group Green Bond
Framework, as well as to refinance existing investments.
The Nomura Group ESG Statement was published in January last year. The purpose of this
statement is to further promote the realization of a sustainable environment and society by
informing stakeholders about the firm’s approach to ESG-related activities and its envisaged
response to environmental and social risks.
The Sustainable Development Goals (SDGs) have gained widespread recognition in recent years.
As part of this, green bonds aimed at addressing environmental issues, social bonds that target
social outcomes, and sustainability bonds used for both social and green projects have been
attracting attention globally.
By underwriting these types of bonds, Nomura aims to support the growth of the SDG bond market
in Japan, and serve as a bridge between investors who want to contribute to society and projects
with capital needs that aim to resolve social issues such as climate change. Nomura will also work
to contribute to economic and sustainable social development and promote initiatives to achieve
the SDGs.
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