Mitsui Fudosan Green Finance Framework (2024)

The 2024 version significantly expands Mitsui Fudosan's green finance framework by introducing a new Green Loan Framework alongside the existing Green Bond Framework, representing a major structural shift in financing instruments. The document has evolved from a Second-Party Opinion format focused solely on bond evaluation to a comprehensive Green Finance Framework that details governance, processes, and reporting for multiple financing vehicles. Additionally, the 2024 version explicitly integrates ESG strategy context and provides expanded company background, indicating a more holistic approach to sustainability-linked financing.

• expanded Use of Proceeds — Added Green Loan Framework with its own use of proceeds category alongside the existing Green Bond Framework, expanding financing options beyond bonds.
• added Standards Alignment — Expanded framework explicitly references and aligns with both Green Bond Principles and Japan's Green Bond Guidelines, with green loan provisions added to the framework.
• expanded Eligibility Criteria — The 2024 version includes detailed eligibility criteria sections for both Green Bonds and Green Loans (sections 1-4 in both frameworks), providing more comprehensive coverage than the 2023 second-party opinion.
• expanded Reporting — Reporting commitments now cover both Green Bond and Green Loan frameworks with parallel reporting structures outlined for both instruments.