February 9, 2023
ENEOS Holdings, Inc.

Implementation of Green Loan Financing
ENEOS Holdings, Inc. (President: Saito Takeshi; “ENEOS”) announces today, February 9 that it hassigned a 60 billion yen syndicated green loan agreement arranged by Mizuho Bank, Ltd. (President& CEO: Kato Masahiko).
One of ENEOS’ envisioned goals stated in the Long-Term Vision to 2040 is contributing to thedevelopment of a low-carbon, recycling-oriented society. ENEOS is working together with thegovernment and other companies to achieve carbon neutrality of both its own emissions and thoseof society while also maintaining its business foundation in Japan, which is essential for a stablesupply of energy.
In addition, ENEOS will procure the long-term funds necessary for initiatives such as the promotionof renewable energy to achieve carbon neutrality through green financing, including green bonds
and green loans, based on the recently established Green Finance Framework*1. A third-party
opinion*2 regarding the conformity of this framework with the "Green Loan Principles 2021" and otherguidelines has been obtained from the third-party evaluation organization DNV Business Assurance
Japan K.K.
The funds procured through this green loan will be allocated to refinancing*3 the solar power
generation and biomass power generation businesses of Japan Renewable Energy Co., Ltd.*4(President: Kazuhiro Takeuchi, "JRE"), which is developing the renewable energy business in theENEOS Group. ENEOS will report on the status of the allocation and the effects of environmental
improvements such as CO2 reduction*5 until the allocation of funds is complete.
ENEOS will continue to strongly pursue energy transition through the expansion of renewable energy
going forward.
*1 In order to raise funds with the Green Finance, ENEOSHD developed the Framework based on ICMA’s
2021 Green Bond Principles, LMA’s 2021 Green Loan Principles, and Japanese Environment Ministry’s
Green Bond and Sustainability Linked Bond Guidelines 2022 and Green Loan and Sustainability Linked
Loan Guidelines 2022. It follows the four core components of the Principles -- Use of Proceeds, Processfor Project Evaluation and Selection, Management of Proceeds, and Reporting.
*2 A third-party opinion here
*3Funds are planned to be allocated for development, construction, operation, and renovation costs*4ENEOS Corporation, the consolidated subsidiary of ENEOS Holdings, Inc. acquired Shares of JRE
January 2022. JRE was established in 2012 with the mission of "changing the world with renewable

Public Relations Dept. Public Relations Group1-1-2 Otemachi Chiyoda-ku Tokyo 100-8161

TEL +81-3-6257-7150

www.hd.eneos.co.jp/english

energy.” It has constructed/operates 60 power plants (solar, wind, and biomass) with the understandingof the local community, and has several large projects planned, including offshore wind power generation.
JRE aims to solve environmental and social issues through renewable energy and realize a decarbonized
and sustainable society.
*5

Planned to be reported on the Sustainable Finance page of the ENEOS Holdings website<Overview of the green loan agreement>
Borrower

ENEOS Holdings, Inc.

Amount60 billion yen

Use of funds

Refinancing of JRE’s solar power generation and biomass power generation
businesses

Borrowing period

7 years

Effective dateFebruary 9, 2023

ArrangerMizuho Bank, Ltd.

Public Relations Dept. Public Relations Group1-1-2 Otemachi Chiyoda-ku Tokyo 100-8161

TEL +81-3-6257-7150

www.hd.eneos.co.jp/english