Subaru Concludes Positive Impact Finance Loan Agreement
Tokyo, March 26, 2020 – Subaru Corporation has concluded a Positive Impact Finance (with unspecified use offunds) loan agreement with Sumitomo Mitsui Trust Bank, Limited*1.
The agreement is in alignment with the Principles for Positive Impact Finance*2 established by the United
Nations Environmental Programme Finance Initiative (UNEP FI) *3.
The Principles for Positive Impact Finance is a financial framework established by UNEP FI in January 2017with a view to achieving the UN Sustainable Development Goals (SDGs), and the Positive Impact Financeexecuted in accordance with this framework involves comprehensive analysis and evaluation of theenvironmental, social, and economic impacts (positive and negative) of corporate activities and the provision ofloans to support these activities on an ongoing basis. The key feature of this finance is that the degree ofcontribution to the SDGs through such corporate activities is used to set KPIs and information on that
contribution progress is publicly disclosed by companies being financed.
Subaru is the first automobile manufacturer to receive a Positive Impact Finance loan. *4Agreement Overview
Contract Date

March 26, 2020

Arranger/Agent

Sumitomo Mitsui Trust BankAmountJPY 10 billion

Use of funds

Working capital

Lenders (in alphabetical order)

The Chukyo Bank, Ltd; The Dai-ichi Life Insurance Company, Limited;Japan Post Bank Co., Ltd.; Sumitomo Life Insurance Company;
Sumitomo Mitsui Trust Bank, Limited; The Yamanashi Chuo Bank, Ltd.

Subaru Activities Evaluated as Having an Impact on Achieving SDGs
Theme

Content

KPIs (indicators and targets)

・ Make efforts to reduce CO2・ Reduction of CO2 emissions resultingemissions based on thefrom Subaru activities by 30% in fiscal

Contribution toEnvironmental Action Plan

2030 (vs. fiscal 2016*)

a decarbonized・ Improve fuel efficiency, equipsociety・ More than 40% of vehicles soldvehicles with electrificationworldwide to be EVs or hybrids bytechnologies, and switch to EVs

2030

and hybrids
・ Achieve zero fatal accidents in 2030
Enjoyment andpeace of mind indriving

・ Develop advanced technologies
for vehicle safety(eliminate fatal accidents among
Subaru drivers and passengers orpedestrians and cyclists struck by
Subaru vehicles)SDGs

・ Create a workplace environmentthat accepts and respects
Diversity

employee diversity, including

・ Aim for more than 12-fold increase (vs.
fiscal 2014**) in the number of women

women, older employees, people

in management posts toward 2025with disabilities, and people ofother nationalities* Fiscal 2016: Fiscal year ended March 2017** Fiscal 2014: Fiscal year ended March 2015

In signing the agreement, a third-party opinion has been obtained from the Japan Credit Rating Agency, Ltdregarding the compliance with the Principles for Positive Impact Finance and the rationality of the evaluation
indicators. *5
Subaru will continue contributing to achievement of the SDGs and the creation of a sustainable society.

*1. President: Masaru Hashimoto; Headquarters: Chiyoda-ku, Tokyo*2. The Principles for Positive Impact Finance is a framework for finance established by UNEP FI in January
2017 with a view to achieving the UN Sustainable Development Goals (SDGs). Companies disclose key
performance indicators (KPIs) for contributions to achieving SDGs, and banks provide finance afterassessing the positive impact of such contributions. This framework guides efforts to increase positive
impact and reduce negative impact from the activities of companies being financed. As responsible
financial institutions, banks providing finance monitor indicators to ensure that positive impacts arecontinuing.
*3. The United Nations Environment Programme (UNEP) is an executive body for implementing the “HumanEnvironment Declaration” and the “International Environmental Action Programme”, established in 1972 as
a subsidiary body to the United Nations system. UNEP FI represents a broad as well as close partnership
between UNEP and more than 200 global financial institutions. Since its establishment in 1992, UNEP FI
has been working in concert with financial institutions, policy/regulatory authorities to transform itself into afinancial system that integrates economic development and ESG considerations.
*4. Based on research by Sumitomo Mitsui Trust Bank, Limited*5. For the independent opinion from Japan Credit Rating Agency, Ltd., please visit: https://www.jcr.co.jp/en/###