Financial Products: Opinion on the Mandate for a large-scale “Transitional Finance” project contributing to the transition to a carbon-free society

Opinion on the Mandate for a major “Transition Financing” project contributing to the

Transition to a low-carbon society

Financial Products Group Co., Ltd. (FPG) is pleased to announce that we have received a mandate for a leasing fund project for 18 container ships (total value: approximately 250 billion yen). This project is part of our “Transition Finance” program, which contributes to the transition to a carbon-free society.

1. Overview
   In recent years, the shipping industry has evolved towards a carbon-free society to combat global warming. The International Maritime Organization, a specialized agency of the United Nations, has set a target of reducing greenhouse gas emissions from international shipping by at least 40% by 2030 from 2008 levels. Demand from shipping companies using either more fuel-efficient ships or next-generation fuels (or a combination of both) is expected to accelerate soon.
   As these efforts will require significant funding, the importance of “bridging finance”, which provides funds for decarbonization projects, increases. FPG has also implemented the active promotion of transition finance for aircraft and ships as one of the key initiatives in our efforts to achieve the SDGs (Sustainable Development Goals).
   The ships in this project are new ships compatible with the transition to a carbon-free society. These cutting-edge vessels apply recent technologies to increase propulsion and improve energy efficiency in the form of their hull, skin and propellers, as well as energy-saving technologies to reduce greenhouse gas emissions. greenhouse, such as the alternative marine energy system. The ships are equipped with a dual-fuel engine that can run on natural gas (LNG), which emits less greenhouse gases, and on liquid fuel. We are confident that the project will contribute to the implementation of our key initiatives for the SDGs and we commit to further promote these initiatives.
   This is a large-scale project totaling 250 billion yen, encompassing the financing of 18 container ships, and is the largest project ever undertaken in our leasing business. From summer 2022, we plan to organize the rental of each container ship upon delivery.
2. Outlook

At this time, there are no changes to the forecast financial results for the fiscal year ending September 30, 2022. However, if there is a need to revise the forecast in the future, we will announce it promptly.

(Reference: SDG targets related to this question)

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Financial Products Group Co. Ltd. published this content on December 21, 2021 and is solely responsible for the information it contains. Distributed by Public, unedited and unmodified, on December 21, 2021 06:39:11 AM UTC.