| Invested through |
|
|---|---|
| Asset Classes | Impact bonds |
| Impact strategy | Impact Equities and Bonds |
| ISIN code | XS2291905474, XS2113121904 |
| Industry group | Regional Banks |
| Aligned with SDGs |
Japan Finance Organization for Municipalities (JFM) provides long-term funding at low interest rates to local governments in Japan. It primarily offers loans for various projects operated by local governments, such as projects related to water supply and sewerage, transportation, hospital facilities, and local road construction. JFM is wholly owned by prefectures, cities and special wards of Tokyo, government-designated cities and towns, villages and local government associations. JFM was founded in 1957 and is based in Tokyo, Japan.
Investment rationale
Japan Finance Organization for Municipalities (JFM) provides loans to projects operated by local governments.
As JFM’s green bond framework is specifically set up to finance reconstruction and upgrading of the sewerage system in Japan, the framework is already narrow in the type of projects that it will finance. Proceeds of this green bond are therefore very much in line with the framework: eligible project categories are Sustainable water and wastewater treatment and Pollution prevention and control.
100% of the revenues of both geen bonds is aligned with the Resource Transition. The contribution to the Resource Transition comes from 100% of proceeds allocated to the impact objective Pollution Prevention & Control.