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Page 17 introduces our ESG initiatives.
Upon the results disclosure, API also announced a submission of amendment to shelf registration as the preparation for issuance of Green Bonds.
We have set three purposes of the issuance; 1. Offer ESG investment opportunities, 2. Promote ESG initiatives, 3. Strengthen financial formation. By issuing Green Bonds, we would like to contribute to establish sustainable society.
In the bottom left 2 and upper right 3, we have introduced the Green Bonds framework.
As the first J-REIT, API limited the level of green buildings certification to the top two in the eligible criteria, which is a feature of our framework. By tightening the criteria in the certified green buildings, we believe the use of proceeds will be more clearly defined.
In the second party opinion from Sustainalytics, an ESG evaluation organization, we have obtained high marks in all four components of framework.
No issuance has been determined yet concretely and we will try to raise the Green Bonds by considering market environment, issue timing, etc.
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