Enhancing the Analysis of ESG Information

External Review Reports
  • May. 17, 2022[SUSTAINABILITY]
    Sotetsu Holdings, Inc. Sustainability Finance Framework, Second Opinion
  • May. 12, 2022[GREEN]
    Japan Infrastructure Fund Investment Corporation Green Equity Framework, Second Opinion
  • May. 12, 2022[SUSTAINABILITY]
    AIR WATER Inc. Sustainability Finance Framework Second Opinion
  • May. 12, 2022[GREEN]
    Sumitomo Realty & Development Co., Ltd. Group Green Finance Framework Second Opinion
  • May. 10, 2022[SUSTAINABILITY]
    NAGASE & CO., LTD. Sustainability-Linked Bond Framework, Second Opinion
  • May. 10, 2022[GREEN]
  • May. 09, 2022[SUSTAINABILITY]
  • May. 02, 2022[GREEN]
  • Apr. 28, 2022[GREEN]
    TOBU RAILWAY Green Bond Framework, Second Opinion
  • Apr. 21, 2022[SOCIAL]
    Yokohama Gakuen Social Loan Framework, Second Opinion
  • Apr. 19, 2022[SUSTAINABILITY]
    The Ehime Bank ,Ltd.'s Himegin Sustainable Loan Framework, Second Opinion
  • Apr. 15, 2022[GREEN]
  • Apr. 15, 2022[SUSTAINABILITY]
    Ishizaki Shoten Co., Ltd.
  • Apr. 15, 2022[SUSTAINABILITY]
    The Hyakugo Bank, Ltd.'s Hyakugo Sustainable Loan Framework, Second Opinion
  • Apr. 12, 2022[SUSTAINABILITY]
    YANMAR HOLDINGS Co.,Ltd. Sustainability Linked Loan
  • Apr. 11, 2022[SUSTAINABILITY]
    The Second Opinion on The Musashino Bank ,Ltd.'s Musashino Sustainability Framework Loan
  • Apr. 07, 2022[SOCIAL]
    SoftBank Social Finance Framework
  • Apr. 01, 2022[SUSTAINABILITY]
    Minato SX Framework Loan
  • Apr. 01, 2022[GREEN]
    Renewable Japan Green Loan Second opinion
  • Apr. 01, 2022[SUSTAINABILITY]
    Mirai SX Framework Loan
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  • ESG‐Related Services
  • ESG in Credit Ratings

ESG-related services is not the Credit Rating Business, but one of the Ancillary Businesses (businesses excluding Credit Rating Service but are ancillary to Credit Rating Activities) as set forth in Article 299, paragraph (1), item (xxviii) of the Cabinet Office Ordinance on Financial Instruments Business, etc. With respect to such business, relevant laws and regulations require measures to be implemented so that activities pertaining to such business would not unreasonably affect the Credit Rating Activities, as well as measures to prevent such business from being misperceived as the Credit Rating Business.