TOKYO, Japan, March 4, 2022 – Honda Motor Co., Ltd. announced today that the company will issue US dollar-denominated green bonds totaling US$2.75 billion for its initiatives to create a society that aims for zero environmental impact. The proceeds from the green bond issuance will be used exclusively for environmental initiatives*1. This will be the first time that Honda Motor Co., Ltd. will issue green bonds.
Since its founding in 1948, Honda has conducted its corporate activities based on its original desire to “help people and society” and “expand the potential of people’s lives”. In light of the changes taking place in our society, Honda believes that working towards the pursuit of “eliminating its environmental impact” and “achieving safety protecting precious human lives” are values that Honda should deliver. in the future. Based on this belief, Honda has worked extensively to meet environmental and safety challenges. In the field of the environment, Honda strives to achieve carbon neutrality (zero CO2 emissions) for all products and corporate activities in which Honda is involved by 2050.
By allocating proceeds from the issuance of green bonds to eligible green projects, including the development of zero-emission vehicles such as electric vehicles and FCVs, Honda will further accelerate its initiatives towards realizing a society that aims for a zero environmental impact.