Nippon Life to Invest in Blue Bond

Japanese insurance giant Nippon Life has invested JPY400 million in a Blue Bond issued by Maruha Nichiro Corporation. This is the first blue bond issuance in Japan and Nippon Life’s first investment in a blue bond.

Blue Bonds are bonds in which the use of the funds raised is limited to marine and water-related environmental protection projects, such as the protection of marine ecosystems and the sustainable use of water resources.

The funds raised by issuing the Bond will be used for environmentally sustainable fisheries and aquaculture operations.

The Blue Finance Framework formulated by Maruha Nichiro applied to the issuance of the Bond is compatible with the "Green Bond Principles 2021" established by the International Capital Market Association (ICMA), the “Guidelines for Blue Finance” established by the International Finance Corporation (IFC), and other relevant guidelines.

Nippon Life is strengthening its ESG investment and finance, given its mission and the public nature of the life insurance business and from the standpoint that it has always worked to coexist with the environment, communities and society, and to share stable growth with the economy and other companies. Financing of this project is positioned as one such investment.

Going forward, Nippon Life said it will continue to engage in ESG investment and financing with the aim of contributing to the realisation of a sustainable society and better serving the interests of policyholders.

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