Green Bond Fact Sheet
Sumitomo Mitsui Trust Bank
Issue date: 25-Sept-2018 Maturity date: 25-Sept-2020 Tenor: 2

Date: 16-Oct-2018

Issuer Name

Sumitomo Mitsui
Trust Bank

Amount Issued

EUR500m (USD588m)

Country of riskJapan

CBI Database

Included

Issuer Type1

Financial Corporate

Bond Type

Senior unsecured

Green Bond Framework

N/A

Second party opinion

Sustainalytics

Certification Standard

Not certified

Assurance report

N/A

Certification Verifier

N/AGreen bond rating

N/A☒ Energy☒ Solar☒ Onshore wind
☐ Offshore wind
☒ Geothermal☒ Hydro☐ Tidal☐ Biofuels☒ BioenergyDistrict 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
☐ 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☐ OtherAdaptation &resilience☐ Land remediation☐ Energy/water efficiency

ICT☐ Sustainable agriculture☐ Adaptation & resilience

Industry: process

Issue details
ReportingCompany information

The issuer will provide and keep readily available, on a dedicated website,
information on the allocation of the net proceeds of the Green Bonds, to beupdated at least annually until full allocation and as necessary thereafter in theevent of new developments. Environmental impact information will also bepublished annually.
Sumitomo Mitsui Trust Bank, Limited is a Japanese trust bank and is among thelargest financial groups in Japan.

Firsts, records andcertificationsProceeds description

Proceeds will finance projects in renewable energy, green buildings, energy
efficiency, clean transport and pollution prevention and control. The energy
efficiency category includes refurbishments of properties that yield significant
energy savings, as well as projects related to smart grids, energy storage andinfrastructure.
Geothermal energy projects that have direct emissions of less than 100gCO2/kWhare eligible. Hydro projects are required to be small run-of-river facilities with ageneration capacity of 25MW or less, or refurbishments to existing large hydro that
do not increase the plant’s size.

Climate Bonds viewThe deal was previously classified as pending due to insufficient information onbiomass projects. The issuer has confirmed that only sustainable biomass sources
will be used by the financed projects, which is aligned with the Climate Bonds
Taxonomy.
For geothermal projects, the threshold of direct emissions of 100gCO2/kWh showsa good level of ambition and is aligned with the Climate Bonds Geothermal Criteria.
For hydro projects, the power density ratio and annual GHG emissions have notbeen disclosed. Energy efficiency requirements for building upgrades andrefurbishments should include a minimum percentage of performance
improvements of at least 25% to be aligned with best practice. We will continue
monitoring reporting to ensure that at least 95% of proceeds are allocated toprojects aligned with the CBI Taxonomy.

Underwriters
Deal comments

Bank of America Merrill Lynch, BNP Paribas, Credit Agricole CIB, Daiwa, GoldmanSachs

Credit Rating

A1 (Moody’s), A (S&P)

Pricing summary
Investors summary

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