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Sumitomo Mitsui Banking Corporation and Anritsu Corporation Signed a Loan Agreement for “Positive Impact Financial Principles-Compliant ESG/SDGs Assessment Syndication”

9/30/2021

Anritsu Corporation (President: Hirokazu Hamada) has received the highest rating of AAA (7 levels in total) in the assessment of “Positive Impact Financial Principles-compliant ESG/SDGs Assessment Syndication” by Sumitomo Mitsui Banking Corporation (SMBC, President and CEO: Makoto Takashima), and has signed a loan agreement.

The “Positive Impact Financial Principles-compliant ESG/SDGs Assessment Syndication” is a financial product of SMBC. In accordance with the standards prepared by SMBC and The Japan Research Institute, Limited (JRI, President and CEO: Katsunori Tanizaki), the Bank evaluated Anritsu's ESG initiatives, information disclosure and contribution to the achievement of the Sustainable Development Goals (SDGs). As a result, we are categorized to a very high level for “response to climate change,” “integrity toward customers,” and “corporate philosophy and commitment to sustainability”.

Anritsu has acquired the highest rating of AAA for its excellent ESG initiatives and information disclosure in its corporate management, as well as for its strong desire to contribute to the achievement of the SDGs through its business.

Main Evaluation Items

E (Environment)
  • In order to reduce the environmental impact of its business activities, the company has set a long-term environmental vision for FY2050 and quantitative environmental targets for FY2030. (The targets for FY2030 have been approved by the SBT Initiative.)
  • In order to contribute to the reduction of greenhouse gas emissions through the supply chain of their products, the company have also set a target for the reduction of Scope 3 emissions.
S (Social)
  • For customers, the company is thoroughly implementing initiatives to improve quality, such as strengthening product safety management, enhancing quality defect prevention processes, and global quality control activities.
  • The company has formulated a Health Management Policy and a Diversity Policy for its employees and is promoting the appointment of women to executive and managerial positions, as well as taking into consideration LGBT issues and promoting the active participation of foreign employees.
G (Governance)
  • In its mid-term business plan, the company has set numerical targets for reducing greenhouse gas emissions, increasing the ratio of in-house power generation, and promoting diversity management, and is clearly demonstrating its commitment to promoting sustainability.
  • In the Integrated Report, the company concretely discloses the path for a balance between efforts to resolve social issues and the enhancement of corporate value, as well as the information on potential ESG-related risks associated with its business.
SDGs
  • The company is contributing to the improvement of energy efficiency (SDGs Goal No.7) through the introduction of self-consumed solar power generation and energy saving of products, and contributing to the promotion of inclusive and sustainable industrialization (SDGs Goal No.9) and the development of a stable communications infrastructure (SDGs Goal No.11) through the provision of test and measurement solutions, including measuring instruments that support the increasing capacity and speed of communications networks.

Key Action Items and Evaluation Indicators

In consultation with SMBC and JRI, we have set the key action items and evaluation indicators for the “Positive Impact Financial Principles-compliant ESG/SDGs Evaluation Syndication”.

Key Action Items Evaluation Indicators Related SDGs*1
(1) Promotion of global environmental protection Climate change
  • Reduce CO2 emissions at the company (Scope 1+2): Reduce by 30% by 2030 (compared to FY2015)
  • Reduce product-related CO2 emissions (categories 1 and 11 of Scope 3): Reduce by 30% by 2030 (compared to FY2018)
  • Increase in-house power generation ratio through “Anritsu Climate Change Action PGRE 30”*2: Approximately 30% by around 2030 (based on electricity consumption in FY2018)
Climate Action Responsible Consumption and Production Affordable and Clean Energy
Efficient use of resources
  • Japan domestic water consumption: Maintain water consumption at 62,000 m3 or less (Targets for global water consumption to be set after the next fiscal year)
  • Maintaining Zero Emissions at Anritsu Group Companies in Japan
Clean Water and Sanitation Responsible Consumption and Production
(2) Contributing to society through our business Development of a robust network infrastructure
  • Sales of Test and Measurement business: 100 billion yen in FY2023
Industry Innovation and Infrastructure Sustainable Cities and Communities
(3) Harmonization with the global economy Respect for Human Rights and Diversity
  • Strengthen supply chain due diligence: Conduct audits of at least 10 companies by FY2023
  • Ratio of female managers (global): 15% or more by FY2023
  • Employment rate of people with disabilities: Achieve the legally mandated employment rate of 2.3% by FY2023
Decent Work and Economic Growth Gender Equality
  1. To be set upon consultation between Anritsu and SMBC Group
  2. PGRE stands for Private Generation of Renewable Energy, and “30” refers both to the approximate target year 2030 for achieving the goal and to the target ratio of about 30%.

Anritsu Group will continue to contribute to the creation of a sustainable society together with all the people involved by resolving social issues through our business and addressing issues that meet the needs of society (ESG).

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