The Bank of China has provided the first loan of “Chugin Green Loan” for the introduction of renewable energy business and energy-saving equipment. A product in which interest rates fluctuate according to the achievement status by having companies set goals such as SDGs (Sustainable Development Goals). A loan of 70 million yen was made to Daikoku Techno Plant (Hiroshima City), which designs and constructs electrical equipment, on the 12th.
Daiho Techno Plant will use the loan funds to introduce solar power generation equipment. The loan period is 10 years, and the target is set to generate about 240,000 kilowatt hours per year until 2030.
The Bank of China formulated an investment and loan policy in consideration of SDGs in 2009. As loans whose interest rates move depending on the achievement of corporate goals, we have started handling green loans that limit the use of funds to green projects and “Chugin Sustainability Link Loans” for general business funds. Sustainability Link Loans have a track record of 17 loans so far.
Post time: Jul-22-2022