TDK : Issues Its First Green Bonds and Raises Funds through Sustainability-Linked Loans

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TDK Releases Its Inaugural Eco-Friendly Bonds and Collects Capital via Sustainable Loans

TDK Corporation (TSE:6762) is excited to share its intentions of acquiring long-term funds amounting to a maximum of 100 billion yen in the current year. TDK aims to generate these funds through the issuance of green bonds and sustainability-linked loans. To accomplish this, TDK has taken the necessary step of submitting an amended registration statement for corporate bonds to the Director-General of the Kanto Local Finance Bureau.

The Reason and Context

TDK Group established their long-term commitment called "Vision 2035" in 2015, coinciding with their centennial year. Vision 2035 emphasizes their dedication to "Contribute to culture and industry through creativity" by actively working towards the revitalization and protection of the global environment, and creating a pleasant and safe society. In alignment with this vision, TDK defined their ideal state for 2035 as operating within a sustainable environmental system. They have formulated the "TDK Environmental Vision 2035," which aims to reduce the intensity of CO2 emissions by half, considering the entire life-cycle, by the year 2035.

TDK has developed a new strategy called the TDK Sustainable Finance Framework. This strategy includes the use of sustainability-linked finance and green finance to support the achievement of the TDK Environmental Vision 2035. By utilizing these financing options, TDK aims to establish a solid financial base for realizing their environmental goals while also enhancing their overall corporate value. Additionally, these financing activities will allow TDK to contribute to the fields of EX and DX, creating value for a sustainable society and providing exceptional solutions and experiences for customers and consumers.

Introduction to the Distribution

3. Summary of the Secure Socket Layer (SLL)

Creating the Sustainable Finance Framework and Achieving External Assessment

TDK has created the "TDK Sustainable Finance Framework*4 (the "Framework")" in line with the "Green Bond Principles 2021" and the "Sustainability-Linked Bond Principles 2023" provided by the International Capital Markets Association (ICMA). Additionally, we have considered the "Green Loan Principles 2023" and the "Sustainability-Linked Loan Principles 2023" from the Loan Market Association (LMA), as well as the "Green Bond and Sustainability Linked Bond Guidelines 2022" and "Green Loan and Sustainability Linked Loan Guidelines 2022" by the Ministry of the Environment of Japan. These measures will enable us to generate funds through the Issuance and the SLL.

The Framework has received validation from Rating and Investment Information, Inc., an independent evaluator, confirming its compliance with the different criteria regarding issuing or raising funds through environmentally friendly finance (such as bonds and loans). This includes specifying the allocation of funds for sustainable purposes, as well as financing that promotes sustainability without specifying how the funds will be used.

TDK Corporation, based in Tokyo, Japan, is a global leader in electronic solutions for the smart society. With a strong focus on material sciences, TDK is dedicated to staying at the forefront of technological advancements and shaping the future. Founded in 1935, TDK initially focused on commercializing ferrite, a crucial material for electronic and magnetic products. TDK offers a comprehensive range of innovative products, including passive components like ceramic, aluminum electrolytic, and film capacitors. They also provide magnetics, high-frequency devices, protection devices, and piezo products. Additionally, TDK's product portfolio includes sensors and sensor systems such as temperature and pressure sensors, magnetic sensors, and MEMS sensors. They also offer power supplies, energy devices, and magnetic heads. These products are sold under various brand names, including TDK, EPCOS, InvenSense, Micronas, Tronics, and TDK-Lambda. TDK primarily focuses on demanding markets in automotive, industrial, consumer electronics, and information and communication technology. They have a global presence with design and manufacturing locations, as well as sales offices, in Asia, Europe, North America, and South America. In fiscal year 2023, TDK achieved total sales of USD 16.1 billion and employed approximately 103,000 individuals worldwide.

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This blog post was released by TDK Corporation on July 31, 2023. TDK Corporation takes full responsibility for the information provided in this post. It has been distributed publicly without any edits or alterations on July 31, 2023, at 06:27:08 UTC.