SuMi Trust announces signing of loan agreement in alignment with the UNEP FI Principles for Positive Impact Finance
Positive Impact Finance involves comprehensive analysis and evaluation of the environmental, social, and economic impacts (positive and negative) of corporate activities, and the provision of loans to support these activities on an ongoing basis. It is implemented based on the Principles and procedures in accordance with the Principles for Positive Impact Finance established by the United Nations Environmental Programme Finance Initiative (UNEP FI).
SuMi Trust signs the loan agreement with Fuji Oil Holdings Inc., Japan's largest company engaged in the development, production, and marketing of oils and fats, confectionery, bakery ingredients, and soy. SuMi Trust particularily assessed the themes 1) Sustainable Procurement, 2) Reducing environmental impact through production activities, and 3) Food Creation Solutions and Food Safety, Security, and Quality. The Fuji Oil Group obtained a third-party opinion from Japan Credit Rating Agency, Ltd. regarding compliance with the Principles of procedures and the rationality of the evaluation indicators. The loan is the world’s first Positive Impact Finance with unspecified use of funds.