Nissan signs 200 billion yen green loan for zero emission mobility investments

Press release

Published December 21st, 2022 - 09:44 GMT

Nissan signs 200 billion yen green loan for zero emission mobility investments.

Highlights

Nissan Motor Co., Ltd. signed a 200 billion yen syndicated green loan agreement arranged by Mizuho Bank.

Nissan Motor Co., Ltd. signed a 200 billion yen syndicated green loan agreement arranged by Mizuho Bank. Nissan will utilize the loan to support its clean mobility and related projects to progress its long-term electrification and carbon neutrality ambitions. The loan contract period will be five and seven years.

As the first funds raised since launching the Nissan Sustainable Finance Framework in July, the company is deepening its investment program in electrification. Loan proceeds will fund eligible green projects defined in the framework, such as R&D, investments and expenditures for the design, development, and manufacturing of zero-emission vehicles and components for electric vehicles or other future carbon- neutral initiatives.

With a second-party review conducted by Sustainalytics, Nissan has aligned its framework with the Green Bond Principle 2021, Social Bond Principle 2021, Sustainability Bond Guideline 2021, Green Loan Principle 2021, and Social Loan Principle 2021.

As a pioneer in electric vehicles, Nissan is accelerating electrification and technological innovation to enhance zero emission and clean mobility. Nissan seeks to empower journeys and society with a range of electrified vehicles of high value to customers.

The signing of the green loan represents the latest initiative that positions sustainability at the core of Nissan’s business, reflecting its corporate purpose of "Driving innovation to enrich people's lives.” As Nissan becomes a truly sustainable business, the company aims to realize a cleaner, safer and more inclusive world.

Loan overview

Borrower	Nissan Motor Co., Ltd.
Amount	200 billion yen
Arranger	Mizuho Bank
Co-arranger	MUFG Bank
Lenders	Mizuho Bank, MUFG Bank, and other financial institutions
Effective date	November 30, 2022
Contract period	Five and seven years

References:

Further information on the Nissan Sustainable Finance Framework here
Sustainalytics review here

*Formulated by the Loan Market Association and the Asia Pacific Loan Market Association in March 2018, and international guidelines for finance only to use proceeds for green projects. In December 2018, the Loan Syndications and Trading Association has also joined GLP.

Background Information

Nissan Middle East

Nissan’s heritage in the Middle East goes way back to 1957, when the first Nissan vehicle was sold in Saudi Arabia. Since then the Nissan Legacy has taken deep roots in the hearts of the Middle East people by becoming an integral part of their lives.

Currently Nissan is one of the most popular and successful automobile brands in the Middle East boasting of a strong line-up ranging from popular passenger cars to powerful 4x4 series and commercial vehicles.

In its quest to closely understand the local needs of its customers, Nissan Motor Co. Ltd. in June, 1994 set up a regional Middle East head quarters in Dubai, thus becoming the first Japanese car manufacturer to accomplish this feat. The Nissan Middle East FZE office houses a highly sophisticated training center which serves as an excellent training ground for undertaking Nissan customer care and service activities.