Sustainability

Sustainable Finance

Nidec issues green bonds to raise funds for businesses that contribute to solving environmental issues. Nidec has obtained a Second Party Opinion for the criteria set forth by the International Capital Markets Association (ICMA) in its "Green Bond Principles 2018 (GBP) and Japan's Green Bond Guidelines 2017 from a third-party verification provider.

The world is increasingly going electric to reduce its dependence on coal and other fossil fuels --- non-renewable energy sources deemed responsible for more than three quarters of climate change-inducing greenhouse gas emissions. In the meantime, according to the International Energy Agency, approximately 38% of global electricity still comes from coal-fired power plants. Looking at the demand side, electric motors are estimated to account for half the electricity consumed worldwide. These facts indicate that collective improvements in motion-control efficiency play a key role in the advancement low-carbon social infrastructure, including road transportation. Acting at the global forefront of motor drive technology and manufacturing, Nidec is committed to doing its part to help curb global warming by serving as a critical gateway to a decarbonized world.

Green bonds that Nidec has issued

Issue The ninth, tenth, and eleventh unsecured bonds (Green Bond)
Offering Period 22 November 2019
Payment Date 28 November 2019
Issuance Period 3 years 5 years 7 years
Total Principal Amount JPY 50 billion JPY 30 billion JPY 20 billion
Interest rate 0.020% per annum 0.090% per annum 0.150% per annum
Use of Proceeds Capital expenditure and R&D expense for the production of traction motors for EVs
Rating AA- (Rating and Investment Information, Inc.)
Framework Nidec Corporation Green Bond Framework
Second Party Opinion Second Party Opinion Obtained from Sustainalytics
Investors List of Investors
Reporting Nidec Corporation Green Bond Reporting
Annual Review Obtained from Sustainalytics
Press Release Nidec to Issue Green Bonds in Japan
Nidec Determines Terms and Conditions of Green Bonds


Issue Euro-denominated senior unsecured bonds due 2026 (Green Bond)
Offering Period 24 March 2021
Payment Date 30 March 2021
Issuance Period 5 years
Total Principal Amount €500 million
Interest rate 0.046% per annum
Use of Proceeds Capital expenditure and R&D expense for the production of traction motors for EVs
Rating A3 (Moody's)
Framework Nidec Corporation Green Bond Framework
Second Party Opinion Second Party Opinion Obtained from Sustainalytics
Reporting Nidec Corporation Green Bond Reporting
Annual Review Obtained from Sustainalytics
Press Release Nidec Decides Terms of Senior Unsecured Bonds Denominated in Euro (Green Bond)
Nidec Decides Terms and Conditions of Senior
Unsecured Bonds Denominated in Euro (Green Bond)