Ajinomoto to Issue Sustainability-linked Bonds – Enhancing Efforts to Realize a Sustainable Society Through Sustainable Finance

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TOKYO , May 24, 2023 (press release) –

Ajinomoto to Issue Sustainability-linked Bonds – Enhancing Efforts to Realize a Sustainable Society Through Sustainable Finance. Ajinomoto to Issue Sustainability-linked Bonds – Enhancing Efforts to Realize a Sustainable Society Through Sustainable Finance.

Original Press Release:

TOKYO , May 19 -- Ajinomoto issued the following news release:

- Ajinomoto to Issue Sustainability-linked Bonds[*1]

- Enhancing Efforts to Realize a Sustainable Society Through Sustainable Finance

Ajinomoto Co., Inc. (“Ajinomoto Co.”) filed an Amended Shelf Registration Statement with the head of the Kanto Local Finance Bureau to execute a public issue of its first-ever sustainability-linked bonds (the “Bonds”) in the Japanese market in June of this year or later. The Bonds will be issued on the alignment with the Company’s Sustainability-Linked Financing Framework (the “Framework”) in accordance with the Sustainability-Linked Bond Principles (SLBP) 2020, as administered by the International Capital Market Association and Sustainability Linked Loan Principles (SLLP) 2023, as administered by the Loan Market Association , Asia Pacific Loan Market Association , and the Loan Syndications and Trading Association , and their five core components are: 1) Selection of Key Performance Indicators (KPIs), 2) Calibration of Sustainability Performance Targets (SPTs)[*2] , 3) Financial Characteristics, 4) Reporting, and 5) External Verification.

Ajinomoto Co.’s “Purpose-Driven Management by Medium-Term ASV Management 2030 Roadmap,” (“2030 Roadmap”) released in February 2023 , presents the Company’s purpose: “contributing to the well-being of all human beings, our society and our planet with AminoScience®.” The business of Ajinomoto Co. is supported by sound food systems based on stable food resources and their supporting vibrant natural environment. To promote sustainability, we aim to achieve two outcomes by 2030: one is to reduce our environmental impact by 50% through reduction of greenhouse gas (GHG) emissions, plastic waste, and food loss & waste, and through sustainable procurement. The other is to help extend healthy life expectancy of one billion people through “delicious salt reduction” foods, protein intake optimization, and workforce nutrition improvement. Ajinomoto is also aiming for carbon neutrality, with net zero GHG emissions by fiscal 2050. The Bonds demonstrate Ajinomoto’s stance toward resolving critical environmental and social issues. Ajinomoto will further promote efforts for sustainability going forward.

Disclaimer: Table can be viewed at: https://www.ajinomoto.com/cms_wp_ajnmt_global/wp-content/uploads/pressreleases/pdf/2023_05_19E.pdf

Footnotes:

[1] Sustainability-linked bonds refer, collectively, to bonds whose terms are variable according to the issuer’s performance against its predetermined sustainability / ESG targets.

[2] Sustainability Performance Targets (SPTs) are targets that determine the terms and conditions of the sustainability-linked bond issue, and are based on the issuer’s business strategy.

Source: Ajinomoto

[Category: ESG]

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