Issuance of Sustainability-Linked Bonds in Japan

In Japan, the issuance of sustainability linked bonds has been confirmed since 2020.

Issuance of Sustainability-Linked Bonds
by Japanese Companies and Other Entities

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  • As of November 1, 2024
  • Prepared by the Ministry of the Environment based on the websites of fundraisers, financial institutions, and third-party evaluation institutions
  • * This database is not screened by the Ministry of the Environment and is compiled based on the labeling declared by issuers and financial institutions.

Overseas Market States

Sustainability-linked bonds have been issued since 2019. In June 2020, the International Capital Markets Association (ICMA) published the Sustainability-Linked Bond Principles. 2021 has already seen rapid growth in its issuance.

Global Trends of Sustainability-linked Bonds Issuance Amount

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  • Source: Created by the Ministry of Environment based on the Environmental Finance Database (data as of October 21, 2024)
  • *The amount of issuance for sustainability-linked bonds totals the issuance amount of bonds labeled as such in the Environmental Finance database. Environmental Finance does not have its own screening criteria but rather aims to track and include all self-labelled bonds. Issuance date is based on the settlement date as indicated in said database. The conversion from other currencies to the USD is based on the exchange rate taken daily from Oanda at bond settlement date.

Sustainability-linked Bond Issuance by Region

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  • Source: Created by the Ministry of Environment based on the Environmental Finance Database (data as of October 21, 2024)
  • *The amount of issuance for sustainability-linked bonds totals the issuance amount of bonds labeled as such in the Environmental Finance database. Environmental Finance does not have its own screening criteria but rather aims to track and include all self-labelled bonds. Issuance date is based on the settlement date as indicated in said database. The conversion from other currencies to the USD is based on the exchange rate taken daily from Oanda at bond settlement date.