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  • March 24, 2023
  • MIRAIT ONE Corporation

Conclusion of "Mizuho Eco Finance" Financing Agreement with Mizuho Bank

MIRAIT ONE

【MIRAIT ONE Corporation】Conclusion of "Mizuho Eco Finance" Financing Agreement with Mizuho Bank

Major telecommunications construction company MIRAIT ONE Corporation (head office: Koto-ku, Tokyo; President and Chief Executive Officer: Toshiki Nakayama; "MIRAIT ONE") concludes a "Mizuho Eco Finance" financing agreement ("the Agreement") with Mizuho Bank, Ltd. (President & CEO: Masahiko Kato; "Mizuho Bank") as a sustainable finance initiative. The Agreement is formed using a syndication format, and will enable financial support for MIRAIT ONE's initiatives to address climate change to be obtained from Mizuho Bank and participating financial institutions.

"Mizuho Eco Finance" is an environmental evaluation financial instrument of Mizuho Bank that incorporates highly reliable environmental certification into its evaluation criteria for the purpose of promotion of the transition to a low-carbon society. An environmental evaluation model developed by Mizuho Research & Technologies, Ltd. is used to score decarbonization initiatives and indicators, and Mizuho Bank provides financing to customers that have a certain score or higher.

The MIRAIT ONE Group promotes ESG-oriented management with the aim of contributing to the SDGs and enhancing corporate value for sustainable growth. The measures implemented in FY 2021 under the ESG Management Promotion Committee, which was established in September 2021, include the "identification of material issues (materialities)" and "endorsement of the TCFD".
The Fifth Medium-term Management Plan that begins in FY2022 identifies "Strong foundation for ESG management" as one of the five changes stated in the growth strategy to realize MIRAIT ONE Group Vision 2030. They include the "initiatives aimed at the achievement of greenhouse gas reduction targets," "creation of social value through the MIRAIT ONE Partner Association," "enhancement of audit system and strengthening of audit functions through three-lines of defense," and "strengthening of corporate governance through new Group management system."
The 2030 greenhouse gas reduction targets are certified as SBTs (Science Based Targets) by the Science Based Targets initiative (SBTi).

The Agreement was concluded because MIRAIT ONE endorses the TCFD and was recognized as satisfying a high standard in the indicators used in the environmental evaluation model, such as setting greenhouse gas emission reduction targets for FY2030 and disclosing CO2 emissions for the entire supply chain.

Going forward, MIRAIT ONE Group will continue to promote sustainability initiatives including responses to climate change.

<About MIRAIT ONE Corporation>
MIRAIT ONE Corporation was launched on July 1, 2022 through the integration of MIRAIT Holdings Corporation, MIRAIT Corporation, and MIRAIT Technologies Corporation. MIRAIT ONE has established "co-creating an exciting future through challenges and technology" as its purpose (significance of existence), and is engaged in the resolution of issues faced by customers and society and regional revitalization by promoting initiatives such as urban and regional development, corporate DX and GX, green business and global business based on the technical capability cultivated until now in telecommunications facility construction and the civil engineering business.


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