TOKYO, Sep 06 (News On Japan) –
Itochu Corporation introduced on September fifth that it’ll subject Japan’s first company bond referred to as the ‘Orange Bond,’ with proceeds earmarked solely for initiatives selling girls’s empowerment and associated actions.
The identify ‘Orange Bond’ derives from the colour of the United Nations Sustainable Development Goals (SDG) icon representing gender equality. Funds raised will likely be used to buy merchandise from firms that promote girls of their provide chains and to finance the event of in-house daycare facilities.
According to Daiwa Securities, which supported the issuance, institutional traders confirmed sturdy curiosity, bringing the whole issuance quantity to fifteen.2 billion yen.
Itochu emphasised that empowering girls is indispensable to enhancing the corporate’s company worth and positioned the Orange Bond as a concrete step towards that aim.
Source: テレ東BIZ