AsiaEnvironmentFinance and Insurance

MOL in Japan first, offering sustainability bonds to individual investors

Next month Mitsui OSK Lines (MOL) will become the first company in Japan to issue sustainability bonds aimed at individual investors, with some of the cash raised targeted for scrubber purchases.

Sustainability bonds are used to both finance and refinance what are judged as green projects, which protect and improve the environment, and social projects. The new bonds will be offered to both institutional and individual investors.

MOL has acquired an SU1 credit rating, the highest possible, in a preliminary sustainability finance evaluation from the Japan Credit Rating Agency (JCR).

The funds will go towards a variety of investments including MOL’s maritime academy in the Philippines, ballast water treatment systems, scrubbers, LNG-fuelled ships, an LNG bunker barge and research into rigid sail technology.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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