Sustainability Bond Framework

To issue sustainability bonds as its first bond, Osaka University formulated a sustainability framework in accordance with the Green and Social Bond Principles 2021 edition and the Sustainability Bond Guidelines (SBG) 2021 defined by the International Capital Markets Association (“ICMA”)), the Green Bond Guidelines 2020 by the Ministry of the Environment, and the Social Bond Guidelines 2021 by the Financial Services Agency.

For this framework, the university obtained a second party opinion from the Japan Credit Rating Agency (JCR).

Sustainability Bond Framework (link in Japanese)

Sustainability Finance Framework Evaluation Results of the university are as follows:

Overall Evaluation: SU1(F)
Greenness and Social Beneficial Impact Evaluation (Use of Proceeds): gs1(F)
Management, Operation, and Transparency Evaluation: m1(F)

*Note: These values represent the highest possible marks in each category. For a more detailed explanation on the methodology used in this evaluation, click here. (JCR website)

Sustainability Finance Framework Evaluation Results (JCR News Release)
JCR Assigned SU1 (F) to the Sustainability Finance Framework of Osaka University (March 30, 2022) (link in Japanese)