News & Publications

Company & Organisation News - 30/09/2020

Vigeo Eiris provides a Second Party Opinion on the sustainability credentials and management of Tokyu Corporation’s Sustainability Bond Framework.

The 100-million-yen Sustainability Bond, to be issued in 2020, will refinance the construction and renovation of trains and their infrastructure, green buildings, and the development of satellite offices that provide diverse working conditions.

Vigeo Eiris has assigned a Second Party Opinion (SPO) on the sustainability credentials and management of the Sustainability Bond Framework issued by Tokyu Corporation. We are of the opinion that this framework is aligned with the four core components of the Green Bond Principles (2018), Social Bond Principles (2020) and we express a robust assurance (our second highest level of assurance) on the contribution of this Bond to sustainable development.

Vigeo Eiris has produced more than 260 second-party opinions on sustainable financing operations in Europe, Africa, the Americas and Asia. We are a Climate Bonds Standard Approved Verifier.

Tokyu Corporation was established in 1922 and its business activities include transportation, real estate, living services, and hotels & resorts. Tokyu Corporation’s DNA is to tackle social issues and provide new value through Community Development. Tokyu Corporation strives to develop a prosperous society through a comprehensive development in corporation with the local government and a tireless pursuit of a unique and attractive urban development that integrates ”Live, Play, and Work.”

For more information, please contact – VEsustainablefinance@vigeoeiris.com

Tokyu Corporation’s Press Release is available here (in Japanese)

Sustainability Bond Framework (in Japanese)

Vigeo Eiris’ Second Party Opinion (in Japanese)

Keywords : BecauseESGmatters, ESG, SPO