Morinaga&Co., Ltd. (the “Company”) has established Sustainable Finance Framework and plans to issue Sustainability Bonds (the "Issuance"), and submitted today an amended shelf registration statement for the Issue to the Director General of the Kanto Finance Bureau.
■ Purpose and Background of the Issuance
In May 2021, the Morinaga Group adopted a new corporate philosophy, "Delicious, Fun, and Healthy" as its corporate message and "The Morinaga Group will continue to create healthy foods that can be enjoyed beyond generations, thereby bringing smiles to the faces of people announced now and in the future" as our Purpose. Since its founding in 1899, the Morinaga Group has been consistently providing customers with new value and inspiration, while responding to changes of the times and those in the lifestyles of customers. As a sustainable company that keeps growing, the Group will continue to make food that contributes to keep people’s mind and body healthy toward the creation of a sustainable society, where everyone can lead happy lives. From today to tomorrow and from one generation to the next, we will continue to bring smiles to the faces of people around the world.
Also in May 2021, the Company also set its long-term business plan for 2030, the "2030 Business Plan," with 2030 Vision "The Morinaga Group will be reborn as a wellness company in 2030". As one of the ongoing initiatives in line with this Vision, we are promoting green projects and social projects.
In order to realize these initiatives, we will issue Sustainability Bonds, and the net proceeds from the issuance will be used for the reconstruction of the Morinaga Shibaura Building (tentative name) which is expected to receive "ZEB Ready" certification. We will create a better workplace to cater for different needs from diverse workforce. We will also contribute to disaster prevention and mitigation for local residents setting up with an evacuation site created in the building and open for local community in the event of disaster. After the reconstruction, we plan to relocate our head office functions to the Morinaga Shibaura Building (tentative name).
