| Name | Shiseido Company, Limited 13th Unsecured Bonds (ranking pari passu solely with other bonds) (Sustainability-Linked Bonds) |
|---|---|
| Issuance amount | 20 billion yen |
| Interest rate | 0.450% per annum |
| Maturity | 5 years |
| Terms decision date | December 2, 2022 |
| Issue date | December 8, 2022 |
| Redemption date | December 8, 2027 |
| KPI | KPI1：CO₂ emissions (Scope1 + Scope2) KPI2：A ratio of female leader *1 |
| SPTs | SPT1：Carbon neutrality by 2026 *2 SPT2：A ratio of female leaders in Japan of 40% by January 1, 2026 *3 |
| Bond characteristics | Characteristics of the Bonds may vary depending on Shiseido’s performance against the SPTs. If Shiseido fails to achieve both SPTs, an amount equivalent to 0.1% of the issuance amount will be donated to a public interest incorporated association, public interest incorporated foundation or international organization working for environmental preservation, empowerment of women or gender equality. A recipient will be decided through necessary resolutions on or after the observation date for the SPTs. If Shiseido fails to achieve either of the SPTs, an amount equivalent to 0.05% of the issuance amount will be donated. |
| Rating | A3 (Moody’s Japan K.K.) |
Shiseido formulated the Sustainability-Linked Bond Framework (“the Framework”) that has obtained the third-party opinion from Japan Credit Rating Agency Ltd. to the effect that the Framework complies with the Sustainability-Linked Bond Principles 2020 of the International Capital Market Association (ICMA) and the Sustainability Linked Bond Guidelines 2022 of the Ministry of the Environment of Japan.
|
| 2020 | 2021 | 2022 |
|---|---|---|---|
| CO₂ emissions（Scope1・Scope2） | 72,458t | 65,481t | 46,439t |
|
| 2021 | 2022 | 2023 |
|---|---|---|---|
| A ratio of female leader | 34.70% | 37.30% | 37.60% |
Period: As of January 1 each year
Scope: Shiseido Group in Japan
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