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NYK pens $840M worth of sustainability loans


NYK pens $840M worth of sustainability loans
Japanese shipping major NYK has signed two sustainability-linked loan (SLL) agreements worth $840 million.
The first loan, secured with Sumitomo Mitsui Banking Corporation is worth $600 million, will take the form of a revolving credit facility.
The second loan, worth $240 million, has been obtained through a syndicate of several banks including Iyo Bank, Bank of Saga, Shikoku Bank, Nomura Trust and Banking Co., Hachijuni Bank and MUFG Bank.
“The objective of the SLL is to promote and support environmentally and socially beneficial economic activities by linking corporate loan terms with a customer’s performance against mutually agreed sustainability performance targets (SPTs) consistent with a customer’s ESG strategy,” NYK said. ....

Sumitomo Mitsui Banking Corporation , Shiga Bank , Banking Co , Kiyo Bank , Shikoku Bank , Hachijuni Bank , Nomura Trust , ஸூமிடோமொ மிட்ஸ்யூயீ வங்கி நிறுவனம் , ஷிகா வங்கி , வங்கி இணை , இயோ வங்கி , ஷிகோகு வங்கி , நொமுர நம்பிக்கை ,

NYK Signs Sustainability Linked Loan with Shiga Bank | Hellenic Shipping News Worldwide


NYK Signs Sustainability Linked Loan with Shiga Bank
Today, NYK signed a sustainability linked loan (SLL) agreement with the Shiga Bank Ltd. (Shiga Bank).
This is the first SLL contract denominated in a foreign currency to be inked in Japan, and this is the second SLL contract for NYK following the signing of a yen-denominated SLL in November 2019 in Japan.
An SLL links its loan interest rate with the company’s CDP score. A high CDP score is usually indicative of a company’s superior environmental awareness, advanced sustainability governance, and leadership to address climate change.
In its medium-term management plan “Staying Ahead 2022 with Digitalization and Green” formulated in 2018, NYK incorporates ESG perspectives into its management strategy and set goals to drive the sustainable development and growth of corporate and social values. ....

Takahiro Saito , Toru Maruyama , Shiga Bank , Investment Information Inc , Shiga Bank Ltd , Shiga Bank Shigagin Sustainability Link Loan , Loan Market Association , Link Loan , Investment Information , Sustainability Link Loan Principles , Carbon Disclosure Project , ஷிகா வங்கி , முதலீடு தகவல் இன்க் , ஷிகா வங்கி லிமிடெட் , கடன் சந்தை சங்கம் , இணைப்பு கடன் , முதலீடு தகவல் , நிலைத்தன்மை இணைப்பு கடன் ப்ரிந்ஸிபல்ஸ் , கார்பன் வெளிப்படுத்தல் ப்ராஜெக்ட் ,