Nissan launches sustainable finance framework to fund electric vehicle and sustainable technologies

Press release

Published August 4th, 2022 - 11:38 GMT

Nissan launches sustainable finance framework to fund electric vehicle and sustainable technologies

Nissan Motor Co., Ltd. is launching a sustainable finance framework to help fund its next-generation electrified vehicles, batteries, environmental technologies, and new mobility services.

Proceeds from the Nissan Sustainable Finance Framework will also be used to support projects in Nissan’s use of renewable energy, clean manufacturing systems, EV re-charging infrastructure, battery re-use, 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 has published 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). According to 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 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.

Further information on the Nissan Sustainable Finance Framework here.
https://www.nissan-global.com/EN/IR/STOCK/SUSTAINABLE_FINANCE/

Second party opinion from Sustainalytics here.
https://mstar-sustops-cdn-mainwebsite-s3.s3.amazonaws.com/docs/default-…

Use of Proceeds

Eligible Criteria for Nissan

Eligible green categories	Eligibility criteria
Green projects
Clean transportation	Vehicles and components of zero-emission vehicles (EVs, etc.)
Scope 1 and 2 CO₂ emissions reduction	Investment in renewable energy and purchase of renewable energy
Scope 1 and 2 CO₂ emissions reduction	Improving energy efficiency in the manufacturing process
Clean Manufacturing	Sustainable water and wastewater management
Clean Manufacturing	Waste management and circular economy
Sustainability (green/social) projects
Installation of basic infrastructure for the creation of an EV society	Promote charging facilities, reuse, recycling, etc. of zero-emission vehicles (EVs, etc.)
Vehicle-to-Everything (V2X)	Vehicle-to-Everything (V2X) / Use of EV batteries as an energy storage system (ESS)
Autonomous driving technologies (including advanced safety / driver-assistance technologies)	Autonomous driving technologies for the realization of cleaner, safer and more sustainable mobility
Mobility as a Service (MaaS)	Clean Mobility as a Service (MaaS) using zero-emission and low carbon vehicles
Mobility as a Service (MaaS)	Mobility as a Service (MaaS) operated in depopulated areas / impacted by natural disasters (Namie, Blue Switch)

Eligible Criteria for Nissan Sales Finance affiliates

Eligible green categories	Eligibility criteria
Green receivables
Clean transportation	Zero-emission vehicles (EVs, etc.) and Low carbon vehicles (HEVs, etc.)

Background Information

Nissan Middle East

Nissan’s heritage in the Middle East goes way back to 1957, when the first Nissan vehicle was sold in Saudi Arabia. Since then the Nissan Legacy has taken deep roots in the hearts of the Middle East people by becoming an integral part of their lives.

Currently Nissan is one of the most popular and successful automobile brands in the Middle East boasting of a strong line-up ranging from popular passenger cars to powerful 4x4 series and commercial vehicles.

In its quest to closely understand the local needs of its customers, Nissan Motor Co. Ltd. in June, 1994 set up a regional Middle East head quarters in Dubai, thus becoming the first Japanese car manufacturer to accomplish this feat. The Nissan Middle East FZE office houses a highly sophisticated training center which serves as an excellent training ground for undertaking Nissan customer care and service activities.