MUFG Bank on October 7 announced its decision to invest in publicly offered municipal bond No. 2020-2 (10-year green bond) (the Bond) issued by Japan’s Nagano Prefecture.
The Bond was issued to raise funds for environmental projects. Funds raised by the Bond are to be allocated in full to the environmental projects listed below in order to achieve zero CO2 emissions by 2050 and prevent or mitigate damage from natural disasters attributable to climate change.
The Bond has been verified by Japan Credit Rating Agency, Ltd. (JCR) to be in alignment with the International Capital Market Association (ICMA)’s Green Bond Principles 2018 and the Green Bond Guidelines 2020 from Japan’s Ministry of the Environment, and was assigned a Green 1 rating by JCR.
Through this investment, MUFG Bank will accelerate environmental projects, contributing to the realization of a sustainable society as a responsible institutional investor.