Sustainability Bond Framework

To issue sustainability bonds as its first bond, Osaka University formulated a sustainability framework in accordance with the Green Bond Principles 2022, Social Bond Principles 2023, and Sustainability Bond Guidelines (SBG) 2021 defined by the International Capital Markets Association (“ICMA”)), the Green Bond Guidelines 2022 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, Ltd. (JCR)

Sustainability Bond Framework (link in Japanese) (updated September 2024)

Evaluation results of the university’s sustainability finance framework

Overall Evaluation: SU1(F)
Greenness and Social Beneficial Impacts 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)

Osaka University: Reviewed SU 1(F) to Sustainability Bond Framework (September 12, 2024) (link in Japanese)

Previously, Osaka University issued bonds under the Sustainability Bond Framework noted below.

Sustainability Bond Framework (formulated March 2022)