BAKU, Azerbaijan, March 24
By Leman Zeynalova – Trend:
Japan-based ITOCHU Corporation will issue $500 million Senior Unsecured Bonds due 2026 to raise funds for projects that contribute to Sustainable Development Goals (SDGs), Trend reports citing the company.
The purpose of issuing the SDGs Bonds is to make the policy of ITOCHU known to various stakeholders and to promote such efforts about SDGs.
To issue the SDGs Bonds, ITOCHU has established the SDGs Bond Framework in alignment with the Green Bond Principles, 2018, the Social Bond Principles, 2020 and the Sustainability Bond Guidelines, 2018 as administered by ICMA (the International Capital Market Association).
Each division OF THE company has started some businesses that contribute to SDGs. The waste management project in Serbia is contributing to the realization of six SDGs.
ITOCHU Corporation’s wholly owned subsidiary, ITOCHU Oil Exploration (Azerbaijan) Inc., made the following social contribution activities:
1) Contributing to reduction of greenhouse gas emission promoted by the Ministry of Ecology & Natural Resources of the Republic of Azerbaijan, we set up pilot plants of mini solar power station in two national parks under the jurisdiction of the same ministry.
2) Having agreed with the intent of environmental conservation, we sponsored the Green Art Exhibition-Contest held by ASAN (The State Agency for Public Service and Social Innovations under the President of the Republic of Azerbaijan). The art contest was presented by 104 young artists representing the future generation on the theme of "Fighting with climate change", and many people visited National Art Museum of Azerbaijan, venue of the contest.
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