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【サステナブルインパクト】Nuveen Real Estateが関係する特定目的会社へのソーシャルファイナンス2件の実行について

Regarding the implementation of two social finance projects for specific purpose companies related to Sustainable Impact, Nuveen Real Estate.

SBI Holdings ·  Sep 25 23:00

September 26, 2024
SBI Shinsei Bank Corporation.

The bank has executed social finance using funds for acquiring real estate trust beneficiary rights based on elderly facilities for two specific purpose companies related to Nuveen Real Estate (New York, USA, Chief Executive Officer: Mike Sales, hereinafter "NRE")

NRE is one of the world's leading real estate investment management companies that operate under the investment department of the Teachers Insurance and Annuity Association of America (TIAA), a pension/insurance union in the USA. NRE invests in commercial real estate, residential real estate, infrastructure, agricultural land, and forests. As a responsible investor, NRE has investment philosophy to make a lasting impact on the world through investments. The company has also developed the 'Tomorrow’s world strategy' that places sustainability at the core of its business strategy and aims to achieve a global portfolio net zero by 2040, emphasizing the pursuit of environmental and social impact including in Japan. Under this strategy, in Japan, NRE is contributing to the supply of quality residences for the elderly with the deployment of the 0.15 billion US dollar 'Japan Alternatives Living Fund' focused on investments in elderly housing.

The bank will actively support initiatives that aim to address or alleviate social issues like this case and bring positive social impact through fundraising efforts.

Overview of Social Loan Evaluation by SBI Shinsei Bank Sustainable Impact Assessment Room
BorrowerSpecial Purpose Company 1Special purpose company 2
Use of fundsAcquisition of trust beneficial rights backed by the following elderly facilities
Care with nursing home (Ota-ku, Tokyo)Care with nursing home (Suginami-ku, Tokyo)
Residential type nursing home, disabled group home (Matsudo City, Chiba)
Residential type nursing home (Kawagoe City, Saitama)
Social significance of this caseEnsuring a safe and secure residence for the elderly to live their daily lives peacefully.
Regarding residents: Improving the quality of life for the elderly through facility living.
From the perspective of residents' families: Reducing care-related resignations and promoting women's social participation.
Alignment between the societal impact brought by this matter and social issues.In terms of SDGs, it is evaluated to mainly contribute to 'Goal 3: Ensure healthy lives and promote well-being for all,' 'Goal 5: Achieve gender equality,' 'Goal 8: Promote sustained, inclusive and sustainable economic growth, full and productive employment.'
It also aligns with the Japanese government and local authorities' policies of providing housing for the elderly, preventing care-related resignations, and promoting women's social participation.
Other evaluation points regarding this finance.- The targeted facilities are planning the relocation and occupancy of a nearby approved nursery as tenants, contributing to the maintenance of positive impacts on infants and their guardians (promotion of women's active participation, gender equality promotion, and realization of work-life balance).Expectations for creating a positive impact on residents with disabilities and their families who will move into the disability group home planned to be attached to the residential type paid elderly care facility in Matsudo City, Chiba Prefecture (ensuring a living environment where they can lead their own lives, promoting women's participation and gender equality, and achieving work-life balance).
- Consideration of efforts towards environmental conservation through the installation of solar panels at certain facilities.
This social loan is a loan with funds allocated to businesses that address specific social issues or contribute to their alleviation, and businesses that bring social impact. For more information on the New Social Finance Framework, please refer to the URL below.

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