DNV has provided an eligibility assessment to the Japanese financial services and leasing firm Tokyo Century, for its framework for newly established loans as enabler
Through this innovative framework, Tokyo Century aims to achieve net-zero greenhouse gas emissions by 2040, with an interim goal of reducing emissions by 50% by 2030.
DNV's evaluation of the eligibility and effectiveness of Tokyo Century’s framework involved a thorough assessment using key principles and guidelines. The rigorous process confirms that the business activities and financing strategies of borrowers (fundraisers) under the two finances are aligned with global transition strategies and low-carbon objectives.
Recognizing the urgent need to address environmental issues, Tokyo Century supports low-carbon and decarbonization investments, particularly in high-emission sectors such as aviation and shipping. The company’s framework promotes financing strategies aligned with international standards, encouraging businesses to adopt practices that contribute to a sustainable and low-carbon economy.
Tomohiro Shibamoto, Sales Manager Japan, Sustainability Services Supply Chin & Product Assurance at DNV said: “This evaluation marks the fourth evaluation for the Enabler conducted by DNV, reinforcing our dedication to supporting sustainable finance initiatives worldwide. Our global experience in the environmental finance market, enable us to help companies like Tokyo Century achieve their sustainability goals.”
