Sustainable Finance
MIRARTH HOLDINGS Group utilizes multifaceted funding through sustainable finance to balance the realization of a sustainable society with the group's sustainable growth.
Based on various frameworks, we are working to advance sustainability management across the entire group by allocating funds to environmentally conscious projects and implementing initiatives to achieve sustainability targets (SPTs *), including reducing greenhouse gas emissions.
- * SPTs (Sustainable Performance Targets): Ambitious targets that can be used to measure the degree of achievement with respect to the SDGs set by businesses.
Sustainability-Linked Loans
Sustainability-Linked Loan Framework
Our group established the "MIRARTH HOLDINGS Group Sustainability-Link Loan Framework" in March 2025. This framework is based on the Sustainability-Linked Loan Principles 2023 established by the Loan Market Association (LMA), Asia-Pacific Loan Market Association (APLMA), and Loan Syndication & Trading Association (LSTA), We have formulated this based on the 2024 edition of the Sustainability-linked Loan Guidelines by the Ministry of the Environment, and obtained a third-party opinion from Japan Rating Agency Co., Ltd. regarding compliance with these principles. In accordance with this framework, we will raise funds through sustainability-linked loans and promote initiatives to resolve our group's business activities and materialities.
- MIRARTH HOLDINGS Group Sustainability-Linked Loan Framework(Japanese text only)
- Third-Party Opinion on Compliance with the Sustainability Linked-Loan Principles and Related Guidelines.
Indicators Based on the Framework (KPI / SPTs)
| KPI | SPTs | ||
|---|---|---|---|
| KPI1 | Reduction rate of greenhouse gas emissions (Scope 1 and 2) from our Group's business activities, compared to FY2022 Unit: % |
SPT1 | Annual targets aligned with the goal of reducing our Group’s greenhouse gas emissions (Scope 1 and 2) by 70% by FY2030, compared to FY2022 |
| KPI2 | Reduction rate of greenhouse gas emissions (Scope 1, 2 and Scope 3) from our Group's business activities, compared to FY2022 Unit: % |
SPT2 | Annual targets aligned with the goal of reducing our Group’s greenhouse gas emissions (Scope 1, 2 and Scope 3) by 45% by FY2030, compared to FY2022 |
Sustainability-linked loans applying our framework
Sustainability-linked loans aim to promote environmentally and socially sustainable economic activities and growth by setting sustainability performance targets (SPTs) based on sustainability strategies and linking loan conditions to the achievement status of SPTs.
Kyoto Bank
MIRARTH HOLDINGS raised funds through the "Sustainability-Link Loan" from Kyoto Bank.
| Contract Date | March 31, 2026 |
| Company Name | MIRARTH HOLDINGS, Inc. |
| Loan Amount | 1 billion yen |
| Loan Term | 3 years |
| Use of Funds | Working capital |
KPI: Group-wide greenhouse gas emission reduction rate (Scope 1, 2) (compared to fiscal year 2022)
SPTs: MIRARTH HOLDINGS Group's annual targets to reduce greenhouse gas emissions (Scope 1, 2) by 70% by fiscal year 2030 (compared to fiscal year 2022)
- * Unit of measurement: %
| Fiscal year | standard | Period for evaluation | |
|---|---|---|---|
| FY2022 | FY2026 | FY2027 | |
| reduction rate | − | 52％ | 57％ |
Sumitomo Mitsui Trust Bank
Takara Leben raised funds through a syndication "Sustainability-Link Loan" with Sumitomo Mitsui Trust Bank as arranger and agent.
| Contract Date | March 27, 2026 |
| Company Name | Takara Leben Co., Ltd. |
| Loan Amount | 3 billion yen |
| Loan Term | 4 years and 7 months |
KPI: Group-wide greenhouse gas emission reduction rate (Scope 1, 2) (compared to fiscal year 2022)
SPTs: MIRARTH HOLDINGS Group's annual targets to reduce greenhouse gas emissions (Scope 1, 2) by 70% by fiscal year 2030 (compared to fiscal year 2022)
- * Unit of measurement: %
| Fiscal year | standard | Period for evaluation | ||
|---|---|---|---|---|
| FY2022 | FY2026 | FY2027 | FY2028 | |
| reduction rate | − | 52％ | 57％ | 61％ |
Tsukuba Bank, Ltd
Takara Leben raised funds through the "Tsukuba Sustainability-Link Loan" provided by Bank of Tsukuba.
| Contract Date | July 18, 2025 |
| Company Name | Takara Leben Co., Ltd. |
| Loan Amount | 1 billion yen |
| Use of Funds | Working capital |
| Loan Term | 3 years |
| KPI 1 | Group-wide reduction rate of greenhouse gas emissions (Scope 1, 2) (Compared to fiscal year 2022) |
| SPTs 1 | FY2025 -48% FY2026 -52% (Reference: FY2030 -70%) |
| KPI 2 | Group-wide reduction rate of greenhouse gas emissions (Scope 1, 2, and 3) (Compared to fiscal year 2022) |
| SPTs 2 | 2025: -17% 2026: -23% (Reference: FY2030 -45%) |
The Towa Bank, Ltd.
MIRARTH Energy Solutions raised funds through the "Sustainability-Link Loan" from Towa Bank.
| Contract Date | March 6, 2026 |
| Company Name | MIRARTH Energy Solutions Inc. |
| Loan Amount | 1 billion yen |
| Use of Funds | Working capital |
| Loan Term | 10 years |
| KPI 1 | Group-wide reduction rate of greenhouse gas emissions (Scope 1, 2) (Compared to fiscal year 2022) |
| SPTs 1 | FY2025: -48% FY2026: -52% FY2027: -57% FY2028: -61% FY2029: -66% FY2030: -70% |
| KPI 2 | Group-wide reduction rate of greenhouse gas emissions (Scope 1, 2) (Compared to fiscal year 2022) |
| SPTs 2 | FY2025 -17% FY2026 -23% FY2027 -29% FY2028 -34% FY2029 -40% FY2030 -45% |
Other Sustainability-Linked Loans
Tsukuba Bank, Ltd
MIRARTH Energy Solutions signed a financing agreement and secured financing for a sustainability-linked loan with the Bank of Tsukuba.
| Contract Date | June 30, 2023 |
| Company Name | MIRARTH Energy Solutions Inc. |
| Loan Amount | 1 billion yen |
| Procurement Period | 10 years |
| Use of Funds | Future project funding tied to achieving sustainability |
The Towa Bank, Ltd.
MIRARTH Energy Solutions has obtained a second opinion from Rating and Investment Information, Inc. (R&I) to express its willingness to contribute to the achievement of its sustainability strategy through its business activities, and has concluded a “Sustainability Linked Loan” loan agreement with The Towa Bank, Ltd. The funds raised will be used to finance projects related to renewable energy development, etc.
| Contract Date | December 27, 2022 |
| Company Name | MIRARTH Energy Solutions Inc. |
| Loan Amount | 1 billion yen |
| Procurement Period | 10 years |
| Use of Funds | Project financing for the achievement of SDG targets (project financing for renewable energy development, etc.) |
| SPTs | In terms of cumulative output (kW) of renewable energy power generation facilities developed in-house and through the acquisition of existing operating properties
|
| Second Opinion | Rating and Investment Information, Inc. (R&I) |
Green Loans
Green loans are loans used to finance domestic and international green projects. This financing is unique in that the use of the funds is limited to green projects such as renewable energy installations, energy efficiency improvements, and environmental protection.
In addition, Green Loans have mechanisms in place to ensure transparency through the tracking of funds and reporting after the loan is executed. MIRARTH HOLDINGS Group will contribute to the realization of a sustainable society using these green loans.
L.Biz Matsuyama Ichibancho
Takara Leben raised funds through the "Himegin Green Loan" provided by Ehime Bank.
The funds raised were used for the construction of 'L.Biz Matsuyama Ichibancho' (Matsuyama City, Ehime Prefecture), which is scheduled to be completed on December 1, 2025. "L.Biz Matsuyama Ichibancho" is a rental office building equivalent to ZEB Ready, certified with BELS 6 stars and a CASBEE A rank. These correspond to projects related to "energy efficiency and energy conservation" and "green building" as exemplified by the Green Principles, and are expected to have clear environmental improvement effects.
| Borrower | Takara Leben Co., Ltd. |
| Loan Amount | 4,741,400,000 yen |
| Use of Funds | Funding for the construction of the rental office building "L.Biz Matsuyama Ichibancho" |
| Loan Term | 5 years |
LUXENE HEIWADAI
MIRATH Real Estate Investment Corporation, for which MIRARTH Real Estate Advisory is entrusted with asset management, raised funds through a "green loan" through a co-financing group arranged by Sumitomo Mitsui Banking Corporation, based on the Green Finance Framework established by the corporation.
The funds raised through this Green Loan will be used to repay long-term loans raised as part of the acquisition funds for "Lagzena Heiwadai" (acquired September 3, 2019). "Laguzena Heiwadai" is a green-qualified asset defined by the Green Finance Framework.
| Borrowing Date | August 31, 2023 |
| Lenders | A syndicate of lenders arranged by Sumitomo Mitsui Banking Corporation (Sumitomo Mitsui Banking Corporation, Mizuho Bank, Ltd., SBI Shinsei Bank, Limited, Sumitomo Mitsui Trust Bank, Limited, Aozora Bank, Ltd., Resona Bank, Limited, THE NISHI-NIPPON CITY BANK, LTD., The Hiroshima Bank, Ltd., The Kiyo Bank, Ltd., and The Iyo Bank, Ltd.) |
| Borrowings | 3.6 billion yen |
| Use of Funds | Repayment of long-term debt procured as part of the acquisition of LUXENA HEIWADAI |
Solar Power Generation Facilities
MIRARTH Energy Solutions obtained a second opinion from Rating and Investment Information, Inc. (R&I) on its suitability as a green loan, then concluded a syndicated term loan (underwriting method) financing agreement with Towa Bank, Ltd. and fundraising has been conducted. The proceeds from this green loan were used to finance the acquisition of approximately 5 MW of solar power plant facilities.
| Contract Date | December 25, 2023 |
| Arranger/Agent | The Towa Bank, Ltd. |
| Amount Raised | 2.3 billion yen |
| Use of Funds | Acquisition of a solar power generation facility of approx. 5MW |
| Second Opinion | Rating and Investment Information, Inc. (R&I) |
Positive Impact Finance
Positive Impact Finance is based on the Positive Impact Financing Principles (PIF Principles) *2 and their implementation guidelines formulated by the United Nations Environment Programme Finance Initiative (UNEP FI)*1 and is designed to comprehensively analyze and evaluate the impact of corporate activities on the environment, society and the economy (positive and negative impacts).
- *1 United Nations Environment Programme and Finance Initiative (UNEP FI): An organization based on an agreement between the United Nations Environment Programme (UNEP), a subsidiary body of the United Nations established to implement the Declaration on the Human Environment and the International Action Plan for the Environment, and financial institutions. Since its establishment in 1992, the organization has been working with financial institutions and policy and regulatory authorities to transform the financial system to one that integrates economic development and ESG considerations.
- *2 Positive Impact Finance Principles (PIF Principles): A financial framework for achieving the SDGs, developed by UNEP FI in January 2017. The KPIs disclose the contribution of companies to the achievement of the SDGs, and banks evaluate their positive impact and provide funding, leading to efforts by the recipient companies to increase their positive impact and reduce their negative impact. The bank executing the loan, as a responsible financial institution, will monitor the indicators to ensure that the impact is ongoing.
Chiba Bank
Our company has secured funding by entering into a loan agreement through Chiba Bank's "Positive Impact Finance" program.
The "Positive Impact Assessment" conducted by Chiba Bank in this loan program will be jointly carried out by the bank and its group company, Chibagin Research Institute Co., Ltd., to support businesses in setting KPIs (Key Performance Indicators) and managing their progress. Furthermore, objectivity will be ensured by obtaining a third-party opinion * from Japan Credit Rating Agency, Ltd. regarding the assessment conducted jointly by both companies.
Similarly, we have obtained a third-party opinion from Japan Credit Rating Agency, Ltd. regarding the fact that the framework of this system conforms to the "Principles for Positive Impact Finance" published by the United Nations Environment Programme Finance Initiative (UNEP FI).
- * Third-party opinion on compliance with the Positive Impact Finance Principles and the rationality of the evaluation indicators used.
Website of Japan Credit Rating Agency, Ltd. Please refer to the following.
| Borrower | MIRARTH HOLDINGS, Inc. |
| Loan Amount | 1 billion yen |
| Loan Term | 3 years |
The Towa Bank, Ltd.
MIRARTH Energy Solutions signed a Positive Impact Finance loan agreement with Towa Bank and raised capital.
For this agreement, metrics with potential impact on the achievement of the SDGs were selected from the KPIs formulated based on our Company's fundamental sustainability policy and evaluated by the bank.
In addition, this fundraising has received a third-party evaluation from Rating and Investment Information, Inc. (R&I) stating that it complies with the UNEP FI Principles for PIF.
The funds raised through this financing will be used as operating capital for future business initiatives that contributes to the promotion of sustainability.
| Contract Date | June 28, 2024 |
| Borrower | MIRARTH Energy Solutions Inc. |
| Loan Amount | 500 million yen |
| Use of Funds | Operating capital |
| Loan Term | 5 years |
MUFG Bank, Ltd
In September 2023, our company raised funds through "Positive Impact Finance" provided by Mitsubishi UFJ Bank.
In entering into this agreement, the Group's business and materiality were primarily evaluated based on the Positive Impact Financing Framework, which was jointly developed by M MUFG Bank, Ltd and Mitsubishi UFJ Research and Consulting Co., Ltd.
The results of this evaluation have been assessed by Japan Credit Rating Agency, Ltd. (JCR) as being in conformity with the PIF Principles by UNEP FI.
| Composition Method | Syndicated Loan |
| Date of Execution | September 27, 2023 |
| Arranger/Agent | MUFG Bank, Ltd |
| Lender | 16 financial institutions |
Mizuho Sustainability Real Estate Non-Recourse Loan
In August 2024, MIRARTH Asset Management signed a loan agreement and secured financing under the Mizuho Sustainability Real Estate Non-Recourse Loan. The funds were used to acquire a residential property in Niigata City, Niigata Prefecture, as part of a project utilizing a private real estate fund established by MIRARTH Asset Management.
This loan utilizes Mizuho Bank's proprietary evaluation framework, developed in line with the intent of the Green Loan Principles and Social Loan Principles. The framework evaluates and certifies the environmental and social impacts of properties acquired and managed through the borrower’s real estate fund business, based on which a non-recourse real estate loan is provided.
In this evaluation, the target properties were recognized for their stockpiles of food, emergency toilets, and other items that can be used by residents and neighbors in the event of a disaster.