Issuance of sustainability bonds to commence on December 16

The decision comes after a third-party evaluation by Rating and Investment Information, Inc. (R&I) of Tokyo Tech's Sustainability Bond Framework in September 2022, which states that the framework complies with Green Bond Principles 2021, Social Bond Principles 2021, Sustainability Bond Guidelines 2021, and other principles and guidelines published by the International Capital Market Association (ICMA).

Proceeds from the bonds will be used to finance the Tokyo Tech Cross-Campus Innovation Ecosystem 2031 Initiative (XCIE2031). Through XCIE2031, the Institute will contribute to the realization of carbon neutrality through efforts such as the establishment of the Laboratory for Zero-Carbon Energy and the launch of the Tokyo Tech Green Transformation Initiative (GXI) within the realm of integrated energy science, one of Tokyo Tech's priority fields. XCIE2031 will also accelerate the creation of new value and industries, two goals firmly rooted at Tokyo Tech since its founding, allowing the Institute to lead the way towards a better future with new knowledge and innovation.