Nippon Life makes first transition loan agreement valued at ¥950m

Written by Adam Cadle

20/09/2022

Nippon Life has made a syndicated loan agreement valued at ¥950m with Sumitomo Chemical Company.

The loan is Nippon Life’s first transition loan and is intended to support the efforts by companies that are steadily reducing greenhouse gas emissions in accordance with their long-term strategies for the realisation of a carbon-free society.

Funds raised by the loan will be used for development of a LNG power generation facility on the premises of Sumitomo Chemical’s Chiba Works. As a result, a gradual energy conversion from petroleum coke to LNG will be promoted, and it is expected to reduce GHG emissions by 240,000 or more tonnes per year.

There are no related documents to show at this time.

Portfolio optimisation in today’s challenging market environment

Adam Cadle speaks to Dr Laura Ryan, Head of Research at Ardea Investment Management, about the firm’s insurance asset allocation optimisation tool and the reasons for developing it

The role ETFs can play in the ESG journey for insurers

Justin Wheeler, Head of UK iShares Asset Owner Distribution at BlackRock, and Mark Guirey, Head of EMEA Insurance Segment and UK Asset Owner Client Coverage at MSCI, discuss the drivers behind growth in this area, market reactions to COVID-19, and the role of indexing