Market Status (Domestic and Global)

Expectations for Issuance and Investment of Green Bonds in Japan

Issuance and investment of Green Bonds in Japan have been gradually increasing. In 2017, the total amount of issued bonds exceeded JPY200 billion, and the number of issuances reached 10. Although the number of issuances is increasing, compared with other countries, the scale and number of issuancesarelimited. In order to achieve the international agreements, namely “2°C target” and “SDGs”, following the trends both in and out of Japan and promotinge more private funds to green projects through Green Bonds are necessary.

Issuance of Green Bonds by Japanese Companies and Other Entities

An Illustration:Issuance of Green Bonds by Japanese Companies and Other Entities
  • As of November 2020
  • Exchange rates: USD1=JPY110, EUR1=JPY135, AUD1=JPY90
  • Source: Created by the Ministry of the Environment based on websites of the issuers

Issuance of Sustainability Bonds by Japanese Companies and Other Entities

An Illustration:Issuance of Sustainability Bonds by Japanese Companies and Other Entities
  • As of November 2020
  • Exchange rates: USD1=JPY110, EUR1=JPY135, AUD1=JPY90
  • Source: Created by the Ministry of the Environment based on websites of the issuers

Issuance of Green Bonds and Sustainability Bonds by Japanese Companies and Other Entities

An Illustration:Issuance of Green Bonds and Sustainability Bonds by Japanese Companies and Other Entities
  • As of November 2020
  • Exchange rates: USD1=JPY110, EUR1=JPY135, AUD1=JPY90
  • Source: Created by the Ministry of the Environment based on websites of the issuers

Overseas Market Status

Recently, with the global spread of ESG investment, Green Bonds have been rapidly spreading internationally. According to Climate Bonds Initiative (CBI), an international non-government organization in the UK, the amount of global Green Bond issuance was USD3.1 billion in 2012; however, in 2019, issuance grew to USD257.5 billion.

Global Trends of Green Bonds Issuance Amount

An Illustration:Global Trends of Green Bonds Issuance Amount
  • Source: Created by the Ministry of the Environment based on data on the CBI website on October 19, 2020.

Green Bond Issuance by Region

An Illustration:Green Bond Issuance by Reigion
  • Source: Created by the Ministry of the Environment based on CBI database

Green Bonds Issuance by Use of Proceeds

An Illustration:Green Bonds Issuance by Use of Proceeds (2017 and 2018)
  • Source: Created by the Ministry of the Environment based on CBI database

Global Trends of Sustainability Bonds Issuance Amount

An Illustration: Global Trends of Sustainability Bonds Issuance Amount
  • Source: Environmental Finance (2020) database, based on dataset on October 19, 2020
  • *The amount of issuance for sustainability bonds totals the issuance amount of bonds labeled as such in the Environmental Finance database. Environmental Finance does not have its own screening criteria but rather aims to track and include all self-labelled bonds. Issuance date is based on the settlement date as indicated in said database.

Sustainability Bond Issuance by Region

An Illustration: Sustainability Bond Issuance by Region
  • Source: Environmental Finance (2020) database, based on dataset on September 23, 2020
  • *The amount of issuance for sustainability bonds totals the issuance amount of bonds labeled as such in the Environmental Finance database. Environmental Finance does not have its own screening criteria but rather aims to track and include all self-labelled bonds. Issuance date is based on the settlement date as indicated in said database.