Overview of Environmental Impact and Environmental Accounting
Nidec Green Bond
Nidec issues green bonds to raise funds for businesses that contribute to solving environmental issues. Nidec has obtained a Second Party Opinion for the criteria set forth by the International Capital Markets Association (ICMA) in its "Green Bond Principles 2018 (GBP) and Japan's Green Bond Guidelines 2017 from a third-party verification provider.
The world is increasingly going electric to reduce its dependence on coal and other fossil fuels --- non-renewable energy sources deemed responsible for more than three quarters of climate change-inducing greenhouse gas emissions. In the meantime, according to the International Energy Agency, approximately 38% of global electricity still comes from coal-fired power plants. Looking at the demand side, electric motors are estimated to account for half the electricity consumed worldwide. These facts indicate that collective improvements in motion-control efficiency play a key role in the advancement low-carbon social infrastructure, including road transportation. Acting at the global forefront of motor drive technology and manufacturing, Nidec is committed to doing its part to help curb global warming by serving as a critical gateway to a decarbonized world.
Green bonds that Nidec has issued
Issue | The ninth, tenth, and eleventh unsecured bonds (Green Bond) | ||
Offering Period | 22 November 2019 | ||
Payment Date | 28 November 2019 | ||
Issuance Period | 3 years | 5 years | 7 years |
Total Principal Amount | JPY 50 billion | JPY 30 billion | JPY 20 billion |
Interest rate | 0.020% per annum | 0.090% per annum | 0.150% per annum |
Use of Proceeds | Capital expenditure and R&D expense for the production of traction motors for EVs | ||
Rating | AA- (Rating and Investment Information, Inc.) | ||
Framework | Nidec Corporation Green Bond Framework | ||
Second Party Opinion | Second Party Opinion Obtained from Sustainalytics | ||
Investors | List of Investors | ||
Reporting | Nidec Corporation Green Bond Reporting Annual Review Obtained from Sustainalytics |
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Press Release | Nidec to Issue Green Bonds in Japan Nidec Determines Terms and Conditions of Green Bonds |
Issue | Euro-denominated senior unsecured bonds due 2026 (Green Bond) | ||
Offering Period | 24 March 2021 | ||
Payment Date | 30 March 2021 | ||
Issuance Period | 5 years | ||
Total Principal Amount | €500 million | ||
Interest rate | 0.046% per annum | ||
Use of Proceeds | Capital expenditure and R&D expense for the production of traction motors for EVs | ||
Rating | A3 (Moody's) | ||
Framework | Nidec Corporation Green Bond Framework | ||
Second Party Opinion | Second Party Opinion Obtained from Sustainalytics | ||
Reporting | Nidec Corporation Green Bond Reporting Annual Review Obtained from Sustainalytics |
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Press Release | Nidec Decides Terms of Senior Unsecured Bonds Denominated in Euro (Green Bond) Nidec Decides Terms and Conditions of Senior Unsecured Bonds Denominated in Euro (Green Bond) |