Kawasaki Kisen Kaisha, Ltd.  is pleased to announce that we have formulated a “Transition Linked Finance Framework (Framework)” which is based on “K” LINE Environmental Vision 2050(R1). With using this Framework, we plan to finance “Transition Linked Loan” at the end of September 2021.

In order to promote this “Transition Linked Finance” continuously, “K” LINE has got certification of “Basic Guidelines on Climate Transition Finance” by Ministry of Economy Trade and Industry and related guidelines and policies for this TLL by Japan Credit Rating Agency, Ltd. (JCR)(R2).

This TLL is also selected as “Example model of Climate Transition Finance of the 3rd year of Reiwa era” by Ministry of Economy Trade and Industry of Japan.

This TLL is our second transition finance (“Purpose Unspecified Finance”) since our 1st transition loan (“Purpose Specified Finance”) in March 2021(R3). “K” LINE is the first company who originates two consecutive transition finances (Purpose Specified / Unspecified) in short term in Japan and we believe these finances contribute to decarbonization. Outline of the finance is as follows.

<Outline of finance>

※Details of SPTs

①Total yearly GHG emissions throughout all loan term

②Yearly CO2 emissions per ton-mile throughout all loan term

③“A-” rating or higher by CDP rating

All above SPTs are connected with a matrix table of loan interest and this promotes our transition strategy.