Subaru Corporation Establishes Sustainability Finance Framework- Toward the Creation of an Enjoyable and Sustainable Society -Tokyo, October 30, 2023 – Subaru Corporation has established a Sustainability Finance Framework based on
the Green Bond Principles 2021, Social Bond Principles 2023, and the like (“the Principles, etc.”) as defined by
the International Capital Market Association (ICMA).
In formulating this framework, the company has obtained second party opinion from Rating and Investment
Information, Inc. (R&I), third-party evaluation agency, as to its conformity with the Principles, etc., as well as
support from Mizuho Securities Co., Ltd. as structuring agent.
Subaru's vision is "Delivering Happiness to All. To achieve this, Subaru aims to fulfill its social role as a companyand provide "Enjoyment and Peace of Mind" to customers and other stakeholders by adopting the concepts ofthe Six Priority Areas for CSR, which are "People-Centered Car Culture," "Resonance and Coexistence," "Peaceof Mind," "Diversity," "Environment," and "Compliance," and by implementing initiatives based on the SUBARU
Global Sustainability Policy.
Specifically, in the area of "Peace of Mind," Subaru has set the goal of "aiming for zero fatal road Accidents in2030" (zero fatal road accidents among occupants of Subaru vehicles and people involved in collisions with
Subaru vehicles, including pedestrians and cyclists), and is working relentlessly to achieve advances in safety
performance in areas such as preventive safety and passive safety.
As for "Environment," in August 2023, Subaru raised its electrification target to "50% of total global sales to bebattery electric vehicles (BEVs) in 2030," and is advancing efforts to achieve this goal.
Funds procured under this framework will be allocated primarily to the development of advanced safety
technology and the development and production of BEVs to further accelerate these initiatives.
Subaru will continue to strive for sustainable growth while contributing to the creation of an enjoyable andsustainable society.
Corporate website on sustainability finance:
https://www.subaru.co.jp/en/ir/library/sustainability-finance.html

Use of Proceeds:
Green projects
Eligibility criteria

Examples of eligible projects

Zero emissions vehicles

・R&D, capital investment, and manufacturing costs related to thedevelopment and manufacture of zero emissions vehicles (ZEV) andtheir components such as batteries・

Investments in and loans to battery manufacturers and otherexpenditures

Charging infrastructure

・

R&D and capital investment related to charging facilities for theaforementioned ZEVs

Loans, etc. in amounts matching・Introduction of renewable energy

Loans in amounts matching credit and lease receivables for ZEVs heldby sales finance subsidiaries

sales financing receivables

・Interest rate incentive expenses to promote BEVs

・

Investment in renewable energy (solar power, wind power, etc.) in
manufacturing and sales activities

・Purchase costs for electricity and other energy derived from renewableenergy sources

Green building

・Acquisition and construction of facilities to be used in the company’sbusiness activities where it will obtain (or plans to obtain) environmental
certifications(i) LEED certification: Silver or higher(ii) CASBEE assessment certification: A rank or higher(iii) BELS certification: 5 stars or higher(iv) DBJ Green Building Certification: 3 stars or higher

Social projects
Eligibility criteria

Examples of eligible projectsAdvanced safety technology

・R&D for advanced safety technologies to achieve the goal of “zero fatalroad accidents in 2030”

・

Manufacturing costs for equipping EyeSight, Advanced Automatic
Collision Notification System, etc.

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