Nissan to fund EVs, environment tech through new sustainable finance framework

nissan sustainable finance network

Nissan announced the creation of a new sustainable finance framework to help fund its next-generation electrified vehicles, batteries, environmental technologies, and new mobility services.

KEY TAKEAWAYS

  • What is the name of Nissan's new sustainable finance framework?

    According to the Japanese carmaker, it is named Nissan Sustainable Finance Framework.
  • On top of funding its EV projects, how does Nissan plan to use the sustainable finance framework?

    Nissan said that on top of funding its EV projects, it will be used for initiatives in Nissan’s use of renewable energy, clean manufacturing systems, EV recharging infrastructure, battery reuse, and autonomous-drive technologies.
  • nissan building

    According to the Yokohama-based firm, proceeds from the Nissan Sustainable Finance Framework will not only be used to fund its EVs and sustainable technologies, but also to support projects in Nissan’s use of renewable energy, clean manufacturing systems, EV recharging infrastructure, battery reuse, and autonomous-drive technologies.

    “The Nissan Sustainable Finance Framework will enable Nissan to raise funds needed to further enhance its sustainability efforts. This initiative underlines Nissan’s commitment to promoting sustainability and strengthening efforts to realize a cleaner, safer, and more inclusive world,” Nissan said in a recent press release.

    The company has also outlined the eligibility criteria for business areas and technology projects to receive proceeds under the Sustainable Finance Framework, which follows a review of the initiative by Sustainalytics, the independent research firm focused on environmental, social, and governance (ESG).

    Per Sustainalytics, Nissan’s framework is aligned with the Green Bond Principle 2021, Social Bond Principle 2021, Sustainability Bond Guideline 2021, Green Loan Principle 2021, and Social Loan Principle 2021.

    The eligible green categories include “green projects” and “sustainability (green/social) projects.”

    The former involves clean transportation, scope 1 and 2 CO2 emissions reduction, and clean manufacturing. The latter feature categories such as installation of basic infrastructure for the creation of an EV society, Vehicle-to-Everything (V2X), autonomous driving technologies
    (including advanced safety / driver-assistance technologies), and Mobility as a Service (MaaS).

    Nissan Ariya logo

    The launch of the Nissan Sustainable Finance Framework is the latest initiative to position sustainability at the core of the company’s business, reflecting Nissan’s corporate purpose of "Driving innovation to enrich people's lives.”

    Nissan continues to grow as a company through global business activities while contributing to solving various issues facing society. In doing so, Nissan continues to provide value to stakeholders and support the development of a sustainable society.

    Photos from Nissan

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