Launch of SMBC Environment Assessment Loan (Malaysia), and AEON CREDIT SERVICE (M) BERHAD, the first company to utilize the new loan(1/1)
SUMITOMO MITSUI BANKING CORPORATION
Launch of SMBC Environment Assessment Loan (
December
17th, 2012 --- Sumitomo Mitsui Banking Corporation (“SMBC”, President: Takeshi
Kunibe) , announced today that Sumitomo Mitsui Banking Corporation Malaysia
Berhad (“SMBCMY”) and SMBC Labuan branch have launched SMBC Environment
Assessment Loan (Malaysia) designated for companies in Malaysia, to support
their environmental- friendly activities.
SMBC
Environment Assessment Loan (
In the
recent years, as the Malaysian government has been enhancing its environmental
administration, the environment-related business and market has been growing
rapidly. SMBC has been contributing to further enhance such development in
AEON CREDIT
SERVICE (M) BERHAD, subsidiary of AEON CREDIT SERVICE (CEO: Kazuhide Kamitani),
is the first company in
AEON CREDIT
SERVICE (M) BERHAD was evaluated as a company that is proactively implementing
environmental initiatives, based on its management system to mitigating and
reducing their environmental risks, in alignment with its corporate vision and
mission statement.
AEON CREDIT
SERVICE (M) BERHAD, a member of AEON group, a retail and financial service
company, is highly evaluated in terms of:;
1.
its
contribution to the society through a wide range of installment services and
small loans for small and medium-sized enterprise.
2.
its obtaining ISO 14001 certification and satisfying the conditions, and achieving the targets issued by this
certification in its reduction of paper usage by half with its on going
paperless activities and environmental conservation and reducing its overall
costs.
3.
its continuously carrying out various efforts in its
environmental-related activities including tree-planting program and its
management’s promotion to their employees in developing a better understanding
of the environment.
Through providing this new SMBC Environment
Assessment Loan (
(Appendix)
Overview
of SMBC Environment Assessment Loan (
|
|
SMBC
Environment Assessment Loan ( |
SMBC Environment Assessment Loan |
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|
General description |
Loan
product offered reflecting an evaluation of customer’s environmental
management system ( |
Loan product
offered reflecting an evaluation of customer’s Since the product
was launched in October 2008 till November 2012, a total of 140 contracts
equivalent to JPY 400 billion has been achieved. |
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|
Commencement date |
December
2012 |
October 2008 |
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|
Target
company |
Companies
who possess ISO 14001 or an equivalent environment management system
certificate, and satisfying certain SMBC’s internal standards. |
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|
Assessment
company |
Ernst
& Young ShinNihon LLC |
The Japan Research Institute, Limited |
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|
Amount |
USD
10Mil equivalent (no currency restriction) or more |
Min JPY 100Mil |
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|
Type of loan |
Loan on
notes and loan on certificate |
Loan
(on notes and on certificate), Private placement bond |
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|
Tenor |
More
than 1 year and within 10 years |
Loan:
more than 1year, Private
placement bond: more than 2 years |
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|
Interest rate |
Determined
interest by SMBC (taking into account the |
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|
Commission fee (Contract only) |
Min USD
10thousand (including tax) |
Loan: JPY 630 thousand (including tax) Private placement bond: described above +
commission fee |
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|
Rating Result |
Platinum＋ |
Leading the industry with environment
& sustainability (E&S) initiatives derived from evaluated
E&S opportunities/risks, in alignment to the corporate vision/mission
statement |
ＡＡＡ |
Implementing extremely excellent
environmental-friendly business management. |
|
Platinum |
Proactively
implementing E&S initiatives derived from evaluated E&S opportunities
/risks, in alignment to the corporate vision/mission statement |
ＡＡ |
Implementing excellent
environmental-friendly business management. |
|
|
Gold＋ |
Proactively
implementing E&S initiatives based on company-wide environmental
management and a basic understanding of E&S issues in relation to its
business. |
Ａ |
Implementing good environmentally friendly business
management. |
|
|
Gold |
Reasonable
E&S initiatives are in place, based on company-wide environmental
management and a basic understanding of E&S issues in relation to its
business. |
Ｂ |
Implementing a certain level of
environmental-friendly business management. |
|
|
Silver＋ |
Necessary
E&S initiatives are in place, based on limited environmental management
and an understanding of the major E&S issues. |
Ｃ |
Implementing minimal
environmentally-friendly business management. |
|
|
Silver |
Ad-hoc
E&S initiatives are in place based on limited environmental management
and an understanding of the major E&S issues. |
Ｄ |
Implementing inadequate
environmentally-friendly business management. |
|
|
Bronze＋ |
Ad-hoc
E&S initiatives are implemented based on limited environmental
management. |
Ｅ |
Not implementing environmentally-friendly
business management. |
|
|
Bronze |
Ad-hoc
E&S initiatives are implemented, with plans to establish an environmental
management system soon. |
※ The
evaluation of SMBC
Environment Assessment Loan - Malaysia- and SMBC Environment Assessment Loan
are presented in the same column, it does not mean they are both in the same
level of evaluation. |
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|
Certified |
Limited
E&S initiatives are implemented without an environmental management |
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|
n/s |
E&S
initiatives are not implemented. |
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(Scheme)
SMBC
Environment Assessment Loan (
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