July 27, 2024

Accelerating environmental value creation through business activities from the aspect of financing for decarbonization and circular society.

Hitachi Construction Machinery Co., Ltd. (TSE: 6305, President and Executive Officer: Masafumi Senzaki, “Hitachi Construction Machinery”) has formulated Green Finance Framework (the “Framework”) to secure funding for business activities that contribute to solving environmental issues. Based on the Framework, Hitachi Construction Machinery has decided to issue its first Green Bond (the “Bond”) in March 2024.

The Hitachi Construction Machinery Group has set “Ensure a prosperous land and society for the future. We contribute toward realizing a safe and sustainable society” as group’s vision. By practicing four materialities, namely “Product and technology development contributing to climate change mitigation and adaptation”, “Conversion to recycling-oriented business model”, “Creating innovative solutions for challenges faced by customers supporting social infrastructure” and “Strengthening global governance”, the Hitachi Construction Machinery Group promotes sustainability and aims to contribute to sustainable development of society.

In addition, the Hitachi Construction Machinery Group experienced two significant changes in the management environment in 2022 and is being in a new starting point and a transition period which should also be called the “Second Start-up” of the company, and under the medium-term management plan “BUILDING THE FUTURE 2025” started in April 2023, we aim to be “Growing as a true solutions provider by delivering innovative solutions.” Moreover, due to the serious and urgent issue of climate change in the world, we will strengthen our efforts for the circular economy and carbon neutrality to realize a safe and sustainable society.

In order to achieve a decarbonized and circular society, Hitachi Construction Machinery has formulated the Framework and has decided to issue the Bond to promote the awareness of our initiatives of working on creating environmental value through products and solutions among stakeholders, and to accelerate our future efforts from the aspect of financing.