Certification

The Climate Bonds Standard and Certification Scheme is a labelling scheme for bonds, loans & other debt instruments. Rigorous scientific criteria ensure that it is consistent with the goals of the Paris Climate Agreement to limit warming to under 2 degrees. The Scheme is used globally by bond issuers, governments, investors and the financial markets to prioritise investments which genuinely contribute to addressing climate change.

 

Tohoku Electric Power Co

Tohoku Electric Power Company (EPCO) is one of the largest electric utitilies in Japan. It has over 16 GW of generation capacity across many assets in northeast Japan.

The Green bond framework was updated at the time of the second bond, to include Solar assets also.

 

SSUE TYPE OF INSTRUMENT  SIZE COUNTRY OF ISSUE   CBI SECTOR CRITERIA VERIFIER'S REPORT ANNUAL REPORT FURTHER INFORMATION
February 2020 Use of proceeds bond JPY 5 billion (USD 45.4 million)  Japan Wind, Marine Renewable Energy (Offshore Wind), Geothermal

Pre Issuance Verification

 

Press Release by SMBC

Press Release by Tohoku

September 2020 Use of proceeds bond JPY 10 billion (USD 95 million) Japan Wind, Marine Renewable Energy (Offshore Wind), Geothermal, Solar Pre Issuance Verification   updated Green Bond Framework