Sustainable Finance

The Kirin Group executes Kirin Sustainable Finance based on the “Kirin Sustainable Finance Framework” to raise funds to promote CSV management. The funds are used to address social issues in "A Responsible Alcohol Producer," "Health and Well-Being," "Community Engagement," and "The Environment" based on the CSV Purpose, and by communicating the status of their use, we aim to further promote the Kirin Group CSV management and solve social issues.

In executing Kirin Sustainable Finance, we have developed this Framework based on the following principles and guidelines*, and have obtained a second party opinion from DNV BUSINESS ASSURANCE JAPAN K.K. ("DNV"), an independent external reviewer for its conformity.

  • Please refer to the individual finance sections below for the frameworks and second-party opinions specific to each type of sustainable finance.
  • Principles/Guidelines
  • ICMA Green Bond Principles 2021
  • ICMA Social Bond Principles 2021
  • ICMA Sustainability Bond Guidelines 2021
  • ICMA Sustainability-Linked Bond Principles 2020
  • ICMA Climate Transition Finance Handbook 2020
  • Ministry of the Environment, Green Bond and Sustainability-Linked Bond Guidelines 2022
  • Ministry of the Environment, Green Loan and Sustainability-Linked Loan Guidelines 2022
  • Financial Services Agency; Ministry of Economy, Trade and Industry; and Ministry of the Environment, Japan Basic Guidelines on Climate Transition Finance May 2021
  • Financial Services Agency, Social Bond Guideline October 2021
  • LMA; APLMA; LSTA, Green Loan Principles 2021
  • LMA; APLMA; LSTA, Social Loan Principles 2021
  • LMA; APLMA; LSTA, Sustainability-Linked Loan Principles 2022

Social Bond

Kirin Holdings Company, Limited 22nd, 23rd unsecured straight bonds (Social bond)

1. Official Name 22nd unsecured straight bonds 23rd unsecured straight bonds
2. Total Issue Amount JPY 40.0 billion JPY 20.0 billion
3. Term 5-years 7-years
4. Coupon 0.673% 0.996%
5. Issue Date October 26, 2023
6. Maturity Date October 26, 2028 October 25, 2030
7. Interest Payment Date April 26 and October 26 of each year
8. Credit Rating A+ (Rating and Investment Information, Inc.)
9. Use of Proceed Acquisition of shares in Blackmores Limited

Investment Statement on Kirin Social Bonds

Listed below in Japanese alphabetical order are investors who declared their intention to invest in Kirin Social Bond and agreed to disclose their names as of October 20, 2023.

  • The Aichi Bank, Ltd.
  • Aichibitou Japan Agricultural Cooperatives
  • Aoi Mori Shinkin Bank
  • Asset Management One Co., Ltd.
  • Abukuma Shinkin Bank
  • Ishikawa Prefectural Credit Agricultural Cooperative Association
  • Ibaraki Prefectural Credit Federations of Agricultural Cooperatives
  • JA Iwai
  • Iwaki Shinkumi
  • The Bank of Iwate, Ltd.
  • THE OME SHINKIN BANK
  • The Osaka Shinkin Bank
  • OTEC CORPORATION
  • JA Kaga
  • THE KAGOSHIMA BANK , LTD. 
  • Kanumasogo Shinkin Bank
  • The Gamagori Shinkin Bank
  • KARASUYAMA SHINKIN BANK
  • The Kawasaki Shinkin Bank
  • KANONJI SHINKIN BANK
  • JA Kitatsukuba
  • THE GIFU SHINKIN BANK
  • The Bank of Kyoto, Ltd.
  • Kyoritsu Credit Cooperative
  • The Kuwanamie Shinkin Bank
  • GUNMAMIRAI Shinkumi Bank
  • KOITO MANUFACTURING CO., LTD.
  • Saitama Medical University
  • JA Sagami
  • SHIGAKEN SHINYOUNOUGYOUKYOUDOUKUMIAIRENNGOUKAI
  • Shizuoka Prefectural Credit Federation of Agricultural Cooperatives
  • SHIMADA KAKEGAWA SHINKIN BANK
  • Joetsu Shinkin Bank
  • The Shoko Chukin Bank, Ltd.
  • Johoku Shinkin BANK
  • The Sugamo Shinkin Bank
  • SUMITOMO LIFE INSURANCE COMPANY
  • Suwa Shinkin Bank
  • Saison Automobile and Fire Insurance Company, Limited
  • The Seto Shinkin Bank
  • Sony Bank Incorporated
  • THE TAIKO BANK, LTD.
  • Daitokyo Shinkumi Credit Cooperative
  • DAIDO LIFE INSURANCE COMPANY
  • TAKAMATSU SHINKIN BANK
  • TAKAYAMA SHINKIN BANK
  • The Tatebayashi Shinkin Bank
  • Danyo Shinkumi Bank
  • The Chiba Bank, Ltd.
  • CHUEI SHINKIN BANK
  • THE CHUKYO BANK, Ltd.
  • Chugoku Labour Bank
  • Tokio Marine Asset Managemant Co., Ltd.
  • The Tokyotoshokuin Credit Cooperative
  • The Toho Bank, Ltd.
  • TOHOKU LABOR BANK
  • Toyokawa Shinkin Bank
  • Nagasaki-ken Medical Credit Cooperative
  • NAGANO SHINKIN BANK
  • Niigataken Shinkumi Bank
  • JA NISHIMIKAWA
  • Nissay Asset Management Corporation
  • Japan Earthquake Reinsurance Co.,Ltd.
  • The Neo First Life Insurance Company, Limited.
  • Hakusan Shinkin Bank
  • THE HACHIJUNI BANK,LTD.
  • Habataki Shinkumi
  • Hirakata Shinkin Bank
  • The Fukusen Credit Cooperative
  • THE FUJI SHINKIN BANK
  • BlackRock Japan Co., Ltd.
  • The Hokuriku Bank, Ltd.
  • The Mishima Shinkin Bank
  • THE MIZUSAWA SHINKIN BANK
  • Mitsui Sumitomo Insurance Company, Limited
  • Sumitomo Mitsui Trust Asset Management Co., Ltd.
  • Mitsui Direct General Insurance Co., Ltd.
  • Mitsubishi UFJ Asset Management Co., Ltd.
  • Mitsubishi UFJ Trust and Banking Corporation
  • The Musashino Bank,Ltd.
  • The Yamaguchi Bank,Ltd.
  • The Yamanashi Chuo Bank, Ltd.
  • YUKI SHINKIN BANK
  • Ryoubi Shinkumi Bank
  • Wakayama Prefectural Credit Federation of Agricultural Cooperatives

Reporting

2023

Transition-Linked Loan

  1. Official name

Transition-Linked Loan
  1. Borrower

Kirin Holdings Company, Limited
  1. Loan amount

50 billion yen
  1. Loan execution

January 18, 2023
  1. Loan term

10 years
  1. Structuring agent

Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.
  1. External reviewer

DNV BUSINESS ASSURANCE JAPAN K.K.
  1. Lender

MUFG Bank, Ltd.
  1. SPTs

50% reduction in GHG emissions in FY2030 (Base year: FY2019)
*Multiple SPTs have been set over the loan period based on the above SPTs and the interest subsidy scheme of the Ministry of Economy, Trade and Industry.
  1. Loan characteristics

An interest subsidy of up to 0.2% will be granted by the government if the SPT is achieved.

Reporting

2023

①KPIs　performance
2023FY GHG emission reduction rate (Scope 1+2, compared to 2019) 31%
②SPTs acheivement targets
① falls below 18%,the target reduction rate of 2023. Achieved
  • Please refer to the "Kirin Group Environmental Report 2024" for information on our company's sustainability strategy related to KPIs and SPTs.
  • Please refer to this for third-party assurance on GHG reduction achievements.
  1. Official name

Transition-Linked Loan
  1. Borrower

Kirin Holdings Company, Limited
  1. Loan amount

67 billion yen
  1. Loan execution

July 28, 2023
  1. Loan term

5 years: 30 billion yen, 7 years: 37 billion yen
  1. External reviewer

DNV BUSINESS ASSURANCE JAPAN K.K.
  1. Arranger

Sumitomo Mitsui Banking Corporation
  1. Lender

Syndicate Group organized by the arranger
  1. SPTs

GHG emission reduction rate in Scope 1 and Scope 2 (Base year: FY 2019)
*Multiple SPTs have been set over the loan period

Reporting

2023

①KPIs　performance
2023FY GHG emission reduction rate (Scope 1+2, compared to 2019) 31%
②SPTs acheivement targets
The next assessment year will be for the period 2025. -%
  • Please refer to the "Kirin Group Environmental Report 2024" for information on our company's sustainability strategy related to KPIs and SPTs.
  • Please refer to this for third-party assurance on GHG reduction achievements.

CSV Management