#Japan #Tokyo #Chiba Bank #MIRARTH #Positive Impact

Funding Achievement of MIRARTH Holdings via Positive Impact Finance

MIRARTH Holdings, based in Chiyoda-ku, Tokyo, has announced its recent funding success through a loan agreement with Chiba Bank. This initiative comes under Chiba Bank's Positive Impact Finance program, which provides funding specifically designed for corporate entities without restricting the application of funds.

Understanding Positive Impact Finance

The Positive Impact Finance initiative identifies both the positive and negative impacts a business’s operations have on economic, environmental, and social factors. Its goal is to diminish the adverse effects while amplifying positive outcomes, ultimately supporting the achievement of the United Nations Sustainable Development Goals (SDGs).

Chiba Bank, alongside its group company, Chiba Bank Research Institute, will carry out a comprehensive Positive Impact Assessment as part of this lending process. This assessment aims to assist companies in setting KPIs and effectively tracking their progress toward these targets. Furthermore, to assure objectivity, a third-party opinion has been obtained from the Japan Credit Rating Agency on the evaluations conducted by both Chiba Bank and its research institute, ensuring a credible assessment of the impacts.

Alignment with Global Standards

This financing approach also conforms to the Positive Impact Financing Principles published by the United Nations Environment Program (UNEP) Finance Initiative. The alignment has been substantiated through another third-party opinion from the Japan Credit Rating Agency, reaffirming compliance with said principles.

Overview of the Financing Agreement

MIRARTH Holdings is committed to its purpose of enhancing the future through sustainable environmental design, pledging to deepen its engagement with various materiality issues and maintain dialogues with all stakeholders. This dedication aims to realize a sustainable society and foster co-creation with local communities, focusing particularly on urban development for the future.

Company Background

Company Name: MIRARTH Holdings, Inc.
CEO: Kazukazu Shimada
Location: 1-8-2 Marunouchi, Chiyoda-ku, Tokyo, 100-0005
Established: September 1972
Business Scope: Management of group companies and related activities
Capital: Approximately 9,056 million yen
Website: MIRARTH Holdings

MIRAI for EARTH Project

In October 2022, MIRARTH Holdings transitioned to a holding company structure and rebranded itself while establishing its purpose to contribute to a sustainable environment. As it approaches the milestone of its second anniversary in October 2024, the company actively implements the "MIRAI for EARTH" project to further accelerate the understanding and dissemination of its corporate purpose.
For more information about this project, visit MIRAI for EARTH.

Through these initiatives, MIRARTH Holdings exemplifies how financial strategies can be tailored to achieve sustainable development while engaging with community growth and environmental responsibility.