Aozora ESG Loan for Positive Impact

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by KnowESG,

Aozora Bank Ltd

KnowESG_Aozora ESG Loan for Positive Impact
Image courtesy of https://elearning-adbi.org/

Aozora Bank, Ltd. has made an exciting announcement that it has forged an agreement with ACOM Co., Ltd. to embark on a Positive Impact Finance initiative, referred to as 'Financing,' rooted in Aozora's ESG Framework Loan.

Positive Impact Finance (PIF) is a progressive approach that involves a thorough assessment of a company's actions concerning their impact on the environment, society, and the economy.

Its primary goal is to provide unwavering support for endeavours that generate positive impacts while also addressing and managing any negative impacts. This is carried out in accordance with the PIF Principles and the implementation guidelines laid down by the United Nations Environment Programme Finance Initiative (UNEP FI).

"Aozora's ESG Framework Loan" has been established to back customers' sustainability endeavours. In a significant development, on June 1, 2022, it received a favourable evaluation from Rating and Investment Information, Inc., affirming its alignment with international principles and other relevant criteria. Furthermore, "Aozora Positive Impact Finance" received a similar endorsement from the same agency on June 1, 2023, certifying the bank's adherence to the PIF Principles in its assessment system.

ACOM, in line with its core values of "Spirit of Human Dignity," "Putting Customers First," and "Creative and Innovative Management," remains committed to addressing societal issues, enhancing its corporate worth, and contributing to the realisation of a sustainable society. The company's foundational philosophy, the "Circle of Trust," is the guiding force behind these efforts.

The Financing initiative is specifically intended to bolster ACOM's pursuit of a society that can thrive sustainably. Aozora Bank has identified the "Promotion of Aozora Sustainability" as a key focal point in its new Midterm Plan, titled "Aozora 2025" and announced on May 17, 2023. Through this plan, which spans from 2023 to 2025, Aozora will further intensify its commitment to addressing climate change and supporting customers in their sustainability endeavours.

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Source: Aozora

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