News

Mitsubishi Materials Corporation ("MMC") established the Transition-Linked Finance Framework ("the framework") in November 2023, to promote our efforts to achieve carbon neutrality. As announced on July 31, 2024, the framework has been partially revised due to the revision of the Greenhouse Gas ("GHG") Emission Reduction Target.

[Outline]

KPI-1 and SPT-1(*1) on the framework have been reviewed as below.

	Before reviewed	After reviewed
KPI-1	GHG emission reduction rate for Scope 1 and Scope 2	GHG emission reduction rate for Scope 1 and Scope 2 (GHG emissions excluding GHG emissions from resource recycling efforts)
SPT-1	45% reduction of Scope 1 and 2 GHG emissions by FYE March 2031 (Base year: FYE March 2021)	47% reduction of Scope 1 and 2 GHG emissions by FYE March 2031 (Base year: FYE March 2021)

Due to review of SPT-1, the revised SPT-1 will be applied to SPT-1 used in Transition-Linked Loan executed on February 13, 2024. However, there is no change to the SPT-2 (Achieve 30% renewable energy utilization rate by the fiscal year ending March 2026) used in the Transition-Linked Bond issued on November 29, 2023, and April 24, 2024.

(*1)

Sustainability Performance Target. Set targets to be achieved with respect to key performance indicators (KPIs).
In the framework, two types of KPI (KPI-1/ KPI-2) and SPT (SPT-1/SPT-2) are set, and the values to be set are decided when each financing is executed.

[Related release]

July 31, 2024
Revision of Greenhouse Gas Emission Reduction Target
URL: https://www.mmc.co.jp/corporate/en/news/2024/news20240731b.html

February 7, 2024
Notice Regarding the Execution of the Transition-Linked Loan
URL: https://www.mmc.co.jp/corporate/en/news/2024/news20240207.html

November 1, 2023
Established the Transition-Linked Finance Framework
URL: https://www.mmc.co.jp/corporate/en/news/2023/news20231101.html