(Translation)
August 9, 2019
To whom it may concern
Company name: The Sumitomo Warehouse Co., Ltd.
Representative:
Takanori Ono, President
Security ID Code: 9303 (Listed on 1st section of TSE)
Reference:
Akihiko Hoshino, General Manager,
Finance & Accounting Department
Tel: +81-6-6444-1183
Notice on Issuance of Green BondThe Sumitomo Warehouse is planning to issue a Green Bond by the method of public placement on the domestic
market and hereby notifies you of this.
A Green Bond is a bond issued by a corporation or local public organization, etc. for procurement of fundingrequired for a Green Project (renewable energy project, construction and renovation of energy-saving facilities,business that has the effect of environmental improvement such as prevention or management of environmentalpollution)
Note that this is the first issuance of a Green Bond by a warehouse company in Japan.
１．Objectives and background of issuanceWith recognition that conservation of the global environment is one of the most important tasks for business,
we formulated the Environmental Policy in 2006, in order to contribute further to conservation of theenvironment such as lessening the environmental impact of corporate activities, and since that time we havebeen continuing various efforts, including the introduction of solar power generation systems, rooftop greening,acquisition of Rank A under CASBEE (Comprehensive Assessment System for Built Environment Efficiency),
and acquisition of green management certification.
In our “Challenge 120” current medium-term management plan as well, we have been a company that is trusted
by and contributes to society, and meanwhile in the process of promotion of a growth strategy with a long-term
perspective, we also have striven to replace deteriorated warehouses with warehouses with advanced features,and to update facilities, etc. And in the meantime we have decided to procure the funds necessary for
introduction of more-environmental-conscious facilities and equipment through issuance of a Green Bond.
２． Outline of Green Bond
Term of issuance/projected

5 years/ 5 billion yen

amountProjected period of issuance

September 2019 (planned)

Use of funds

Will be appropriated to the following capital investment relating toenvironmental conservation (including refinancing)
1. Replacement of air-conditioning equipment in domestic warehousefacilities and leased buildings, etc. owned by us
2. Switchover of lighting equipment to LED lighting in domestic warehousefacilities, etc. owned by us
3. Installation of solar power generation equipment on rooftops of warehousefacilities owned by our foreign subsidiaries

1Managing underwriter

SMBC Nikko Securities Inc.

Green Bond

Daiwa Securities Co. Ltd.

Daiwa Securities Co. Ltd.

Structuring AgentFor use of funds, we selected those that satisfy eligibility criteria (note) in accordance with “Green Bond
Principles 2018” of the International Capital Market Association, and “the Green Bond Guidelines 2017” ofthe Ministry of the Environment, Japan.
(Note) Eligibility criteria(1) Electricity consumption reduction project(i) Update of air conditioning equipment -- Approximately 30% reduction in electricity consumption
is expected before renewal(ii) Switchover of lighting equipment to LED -- Approximately 60% average of reduction in appliance
power consumption is expected before renewal(2) Renewable energy generation project -- Installation of solar power generation facilities
In addition, the above-stated use of funds is in conformance with the SDGs, the Sustainable Development
Goals.
Goal 7： Ensure access to affordable, reliable, sustainable andmodern energy
7.3.

By 2030, double the global rate of improvement inenergy efficiency

Goal 9： Build resilient infrastructure, promote sustainableindustrialization and foster innovation
9.4.

By 2030, upgrade infrastructure and retrofit industries
to make them sustainable, with increased resource-use
efficiency and greater adoption of clean andenvironmentally sound technologies and industrial
processes, with all countries taking action in accordancewith their respective capabilities

Goal11： Make cities inclusive, safe, resilient and sustainable
11.3.

By 2030, enhance inclusive and sustainable urbanizationand capacity for participatory, integrated and sustainablehuman settlement planning and management in allcountries

３．Eligibility for Green Bond
For eligibility for this Green Bond, we have acquired a preparatory evaluation of “Green 1,” the highest rating
under JCR Green Bond Evaluation by Japan Credit Rating Agency, Ltd., as a third party evaluation.
The evaluation is published on the following website:
https://www.jcr.co.jp/en/greenfinance/green/
４．Future schedule
We are planning to decide on the conditions including the issue amount, etc. in September 2019. We will
announce this as soon as it is decided.
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