Green Bond Fact Sheet

Nagoya Railroad

Date: 27/08/2019

Issue date: 29-03-2019 Maturity date: 31-03-2023 Tenor: 4
Issuer Name

Nagoya Railroad Co.,
Ltd.

Amount Issued

JPY1bn/USD9.1m

Country of riskJapan

CBI Database

Included

Issuer Type1

Non-financial
corporate

Bond TypeTerm loan

Green Bond Framework-Second party opinion-Certification Standard

Not certified

Assurance report

N/A

Certification Verifier

N/AGreen bond rating

Green 1

☐ Energy☐ Solar☐ Onshore wind
☐ Offshore wind
☐ Geothermal☐ Hydro☐ Tidal☐ Biofuels☐ Bioenergy☐ District heating☐ Electricity grid

☐ Energy storage☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☒ Buildings☐ Certified Buildings☐ HVAC systems☒ Energyperformance☐ Water performance☐ Energy storage/meters☐ Other energy related☐ Industry: components☐ Adaptation & resilience☐ Transport☐ Electric vehicles☐ Low emission
vehicles☐ Bus rapid transit☐ Passenger trains☐ Urban rail

☐ Freight rolling stock☐ Coach / public bus☐ Bicycle infrastructure☐ Energy performance☐ Transport logistics☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☐ Water & wastewater☐ Water distribution☐ Water treatment☐ Wastewatertreatment☐ Water storage☐ Storm water mgmt
☐ Flood protection☐ Desalinisation plants☐ Erosion control☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience

Use of Proceeds☐ Waste management☐ Recycling☐ Waste prevention☐ Pollution control☐ Landfill, energy capture☐ Energy performance☐ Infrastructure☐ Waste to energy☐ Industry: components☐ Adaptation & resilience☐ Land use & agriculture☐ Afforestation/parks☐ FSC Forestry☐ FSC Cellulose &paper☐ Land remediation☐ Energy/water efficiency☐ Sustainable agriculture☐ Adaptation & resilience☐ Other☐ Adaptation &resilience☐ ICT☐ Industry: process

Issue details
ReportingCompany information

The amount of the proceeds will be reported to the lenders on an annual basis. Any majorchanges in circumstances or the discontinuation of the project will be disclosed to them. In
addition to that, Nagoya Railroad will report on the status of CASBEE and BELS certifications
for the building that is financed with the proceeds as well as information on the introductionof energy-saving equipment.
Reporting will be reviewed by JCR once a year.
Nagoya Railroad provides services in the public transportation and real estate space as wellas other businesses related to railways. It is the third largest private railway in Japan. In thereal estate field, it leases properties mainly along their train stations. In total Nagoya
Railroad operates 444.2 kilometres of railway route.
In 1998, the company formulated an ‘Eco vision’ in order to reduce the business’
environmental impact. Key themes in this framework are for example enhancement ofenvironmental awareness and reducing environmental impact.

Firsts, records andcertifications
Proceeds description

Climate Bonds view

Underwriters
Deal comments
Credit Rating
Pricing summary
Investors summary

The proceeds of this loan will go fully towards the construction of office buildings with anallocation period of three years after the loan is executed. The buildings will be fourteen
stories high close to Nagoya station. Even though Nagoya Railroad states there may be
adverse environmental impacts, there will be environmental improvement including CO2
emissions reductions. The buildings aim to achieve CASBEE (Rank A) and Building Energy
Management System (BEMS) certifications which will contribute to a reduction in energy
consumption. In addition to sound insulation and absorption the building will adopt highefficiency equipment.
We are pleased to see issuance to fund energy-efficient buildings from the transport sector
and would welcome more deals from public and private sector issuers upgrading theirbuilding stock to reduce their carbon footprint.

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Issuer categories: ABS, development bank, financial corporate, government-backed entity, loan, local government, non-financial
corporate, sovereign