Mitsubishi Heavy Industries announces its first green bond

Japan’s Mitsubishi Heavy Industries (MHI) will launch its first green bond in the Japan market as part of an effort to help solve environmental issues, achieve sustainable development goals and make a decarbonized world.

The issuance is aimed at raising funds in Japan to support operations in renewable and clean energies. According to MHI, it will bring environmentally improving effect by driving renewable energy or clean energy business — including wind, hydrogen and geothermal power equipment business — which are the usage purpose set for the issuance.