Green Bond Fact SheetGPSS Holdings

Date: 01/09/2020

Issue date: 31-07-2020 Maturity date: 31-07- 2023 Tenor: 3
Issuer nameGPSS Holdings

Amount issued

JPY300m/USD2.8m

Country of riskJapan

CBI Database

Included

Issuer type1

Non-Financial
Corporate

Bond type

Private Placement

Green bond framework

N/A

Second party opinion

N/A

Certification Standard

Not certified

Assurance report

N/A

Certification verifier

N/AGreen bond rating

JCRA (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☐ Waste management☐ Recycling☐ Waste prevention☐ Pollution control☐ Landfill, energy capture☐ Energy performance☐ Infrastructure☐ Waste to energy☐ Industry: components☐ Adaptation & resilience

Use of Proceeds☐ 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

Reporting is planned to be disclosed to investors in terms of both the proceeds allocationthat will last a year and the environmental benefits (i.e. CO2 emissions, power generation,and reduced household-equivalent figures).
Established in 2012, GPSS Holdings Inc. is a company that develops renewable energy. As ofDecember 2019, GPSS had 72 sites, 140 MW of renewable energy power generationfacilities nationwide (including those under development) and has established a system forcovering the upstream and downstream of renewable energy contracts with subsidiaries
within GPSS Group.

Firsts, records andcertifications
Proceeds description

The proceeds will be used for capital expenditures for 14 solar power generation facilities
currently under construction. The 14 solar pants have a projected annual electricity
generation of 48,155MWh which can be converted to 24,655t-CO2.

Climate Bonds view

Climate Bonds welcomes the inaugurate corporate green bond from GPSS and applauds theadded transparency arising from the independent external review by Japan Credit Rating
Agency, who assigned it the highest green score.
Climate Bonds encourages the renewable energy sector to follow the example of GPSS towork towards grid parity (i.e. equalizing the levelized cost of electricity production fromrenewable energy vis-à-vis current power grids) through technological innovation. Greenbonds offer funding solutions to developing clean energy infrastructure over the long term.
They will continue to play a pivotal role in financing a resilient and low-cost renewableenergy mix for a sustainable society.
Sumitomo Mitsui Trust Bank, Limited

Underwriters
Deal comments
Credit rating
Pricing summary
Investors summary

1Issuer categories: ABS, development bank, financial corporate, government-backed entity, loan, local government, non-financial
corporate, sovereign