Honda Motor Co., Ltd. has announced that it will issue Green Bonds, in U.S. Dollars, totaling US$2.75 million to fund its initiatives towards creating a society with zero environmental impact.
Honda Motor Co., Ltd. announced today that it will issue Green Bonds in U.S. dollars totaling US$2.75 Billion to support its efforts towards achieving zero environmental impact. The proceeds from the Green Bonds’ issuance will only be used for environmental initiatives.*1. This will be Honda Motor Co., Ltd.’s first issue of Green Bonds.
Honda has always been a company that aims to help people and society since its inception in 1948. Honda believes that pursuing the elimination of society’s environmental impact, and ensuring safety for human life, are the values Honda should promote in the future. Honda has been working diligently to address safety-related challenges. Honda is working towards carbon neutrality (netzero CO) in the environmental area.2Honda is involved with by 2050 in emissions) for all products, corporate activities and products.
Honda will accelerate its efforts towards achieving zero environmental impact by allocating proceeds from the issuance Green Bonds for eligible green projects, including the development and production of zero-emission vehicles like EVs and FVs.
Overview of Hondas Green Bonds
| Issuer | Honda Motor Co., Ltd. |
| Terms to maturity | 3-year, 5-year, 10-year |
| The amount of the issue | Total: US$2.75 Billion 3-year notes: US$1 Billion 5-year notes: US$1 Billion 10-year notes: US$750 millions |
| Use of proceeds | Projects that fall under the Honda Sustainable Finance Framework eligible Green Projects categories*2. (E.g. The development and manufacturing of components and vehicles for zero-emission vehicles, such as EVs or FCVs. |
*1Projects that fall under the Honda Sustainable Finance Framework eligible Green Projects categories.
*2Honda developed a Sustainable Finance Framework (the Framework), to support the issuance of these Green Bonds. Vigeo Eiris, an independent entity obtained a Second Party opinion that the Framework aligns with the Green Bond Principles (2021 (the GBP), Social Bond Principles (2021 (the SBP) and Sustainability Bond Guidelines (the SBG), as administered by the International Capital Market Association.
SOURCE: Honda
