Green Finance Portal
History of the Development of the Green Bond, etc. in Japan
The first Green Bond was issued in 2014 by the Development Bank of Japan and, since then, the total amount of issuance has increased. In 2015, a major Japanese bank issued a Green Bond, followed by the Tokyo Metropolitan Government in 2017.
The Ministry of the Environment has published the Green Bond Guidelines that ensure consistency with the Green Bond Principles issued by the ICMA. Further issuance of Green Bonds in Japan is anticipated through policies such as the "Pilot Project for Green Bond Issuance" and "Financial Support Programme for Green Bond Issuance"
Chronology of the Development of the Green Bond, etc
Developments in Japan
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2010
An increase in privately-placed SRI bond investment by domestic institutional investors between 2010 and 2012
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2014
A government-affiliated financial institution issues the first domestic Green Bond.
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2015
A major Japanese bank issues the first domestic Green Bond as a private company.
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2016
A think tank issues a Green Bond that is, for the first time, compliant with Green Bond Principles.
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2017
The Ministry of the Environment publishes the "Green Bond Guidelines."
The Ministry of the Environment launches the "Pilot Project for Green Bond Issuance"
The Tokyo Metropolitan Government issues the first domestic Green Bond as a municipality.
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2018
The Ministry of the Environment establishes a "The Green Bond Issuance Promotion Platform"
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2019
The Ministry of the Environment establishes a "Green Finance Portal"
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2020
The Ministry of the Environment publishes the "Green Bond Guidelines 2020" and "Green Loan and Sustainability Linked Loan Guidelines 2020"
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2021
The Financial Services Agency, the Ministry of Economy, Trade and Industry and the Ministry of the Environment established the Basic Guidelines on Climate Transition Finance
The Financial Services Agency established the Social Bond Guidelines
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2022
The Ministry of the Environment established “Green Bond and Sustainability-Linked Bond Guidelines 2022” and “Green Loan and Sustainability-Linked Loan Guidelines 2022”
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2023
The Ministry of the Environment established the Green Finance Supporters Program as a successor to the Green Bond Issuance Promotion Platform
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2024
The Ministry of the Environment revised the Annex 1 of the Green Bond and Green Loan Guidelines: Guidance on Eligibility Criteria for Green Projects with Clear Environmental Benefits
The Ministry of the Environment established “Green Bond and Sustainability-Linked Bond Guidelines 2024” and “Green Loan and Sustainability-Linked Loan Guidelines 2024”
Created by the Ministry of the Environment based on websites of the issuers