Honda Motor Co., Ltd. has announced that the company will issue U.S. dollar-denominated Green Bonds totaling US$2.75 billion for its initiatives toward the realization of a society that aims for zero environmental impact. The proceeds from the issuance of the Green Bonds will be used exclusively toward environmental initiatives (1).
This will be the first time for Honda Motor Co., Ltd. to issue Green Bonds.
By allocating the proceeds from the issuance of the Green Bonds to eligible green projects including the development of zero-emission vehicles such as EVs and FCVs, Honda will hasten its initiatives toward the realization of a society that aims for zero environmental impact.
(1) Projects that fit within the eligible Green Projects categories specified in the Honda Sustainable Finance Framework.
(2) For the issuance of these Green Bonds, Honda has developed a Sustainable Finance Framework (the “Framework”) and obtained a Second Party Opinion from Vigeo Eiris, an independent entity, that the Framework is aligned with the Green Bond Principles 2021 (the “GBP”), the Social Bond Principles 2021 (the “SBP”), and the Sustainability Bond Guidelines 2021 (the “SBG”) as administered by the International Capital Market Association (“ICMA”).
