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 1.5 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.

 

Tokyo Gas Co., Ltd

 

Tokyo Gas Co. can trace its heritage back to 1885. It supplies natural and city gas to most of Japan. It also has some gas fired power stations to generate electricity. It has a strategy (“Compass2030”) to reduce its carbon footprint substantially, by 2030. The strategy involves investments in solar PV electricity generation to bring down the carbon intensity of its operations. The proceeds from this bond will be used to refinance the acquisition of a solar farm in Japan and a solar farm in the US.

 

 

DATE OF ISSUE TYPE OF INSTRUMENT  SIZE TENOR COUNTRY OF ISSUE   CBI SECTOR CRITERIA VERIFIER'S REPORT ANNUAL REPORT FURTHER INFORMATION
December 2020 Use of proceeds bond JPY 10 billion 10 years Japan Solar

pre issuance verification statement

 

Green Bond Framework

Press Release

Term sheet