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NRI Green Bond

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What is NRI Green Bond?

In order to realize our corporate philosophy of "Dream up the future", NRI engages in environmental, social and governance activities to create company value.
As one of these activities, NRI issued a Green Bond (Nomura Research Institute, Ltd. 3rd series unsecured corporate bonds).The purpose is to activate the green investment market in Japan and to be a leader in realizing a sustainable future.

The outline of NRI Green Bond

  • Bond Name

    NRI Green Bond (Nomura Research Institute, Ltd. 3rd series unsecured corporate bonds)

  • Issue Date

    16th of September 2016

  • Redemption period

    10 years

  • Total amount of the issuance

    ¥10 billion

  • Determination date of issue terms

    9th of September 2016

  • Use of proceeds

    The net proceeds of the bond will be used to finance the Acquisition of Trust Beneficiary Rights and occupancy work for part of Yokohama Nomura Building Sectional Ownership and Trust Asset.

  • Credit Rating

    AA- (Rating and Investment Information, Inc.)

  • Second party opinion(*1)

    Second party opinion on sustainability of Green Bond(361KB)

The NRI Green Bond as noted above obtained an "R&I Green Bond Assessment"(*2) of the highest grade GA1 ("Green bond proceeds are used to invest in projects with environmental benefits to a significant degree") from Rating and Investment Information, Inc. on 9th of September 2016.

Download(PDF)

Green Bond Assessment

FileSize:244KB

  • *2: 

    "R&I Green Bond Assessment" is R&I's opinion regarding the extent to which the proceeds from the issuance of green bonds are used to invest in projects with environmental benefits, and it is expressed on a five-point scale of GA1 (significant degree) to GA5 (limited degree).

This information has been disclosed only for the purpose of publicly announcing the issuance of debt securities by Nomura Research Institute and not for the purpose of soliciting investment or engaging in any other similar activities.

The outline of Yokohama Nomura Building

  • Name

    Yokohama Nomura Building

  • Address

    4-4-1 Minato Mirai, Nishi-ku, Yokohama, Kanagawa

  • Occupied floor

    2nd-17th floor

  • Certification

    CASBEE (Comprehensive Assessment System for Building Environmental Efficiency) S rank

    LEED (Leadership in Energy & Environmental Design) Gold

    DBJ Green Building Certification 5 stars*

    SEGES (Social and Environmental Green Evaluation System)

    * The Japanese top class building considering environment and society.

Status of allocation of funds raised

FY2018 (1st April, 2017 to 31st March, 2018)

(millions of yen)
Category Amount
Balance at the beginning of year 8,725
 Expenditures for acquisition of buildings trust beneficiary rights -8,364
 Expenditures for acquisition of buildings and accompanying facilities -361
Balance at the end of year
  • Notes: 
    • 1. 

      The state of allocation of funds raised represents a summary of the Statement of Cash Income and Expenditure prepared according to the Green Bond Cash Management Rules.

    • 2. 

      The Statement of Cash Income and Expenditure was subjected to an audit by Ernst & Young ShinNihon LLC (an audit of non-consolidated financial statements or financial statement items [Audit Standards Committee Report 805]).

Status of the project

In April 2017, NRI acquired the trust beneficiary rights to the Yokohama Center (Yokohama Nomura Building), for which the proceeds from the NRI Green Bond are to be used, and began to use the building as a tenant.

Environmental assessment on target facilities

Yokohama Center (Yokohama Nomura Building)

Environment load information: Input (resources used)

Environment load information: Output (impact on environment)

Yokohama Minato Center (Dia Building)

Comparison between Yokohama Nomura Building and Dia Building

  • Notes: 
    • 1. 

      When conducting the environmental assessment on the Yokohama Nomura Building, a comparison was conducted with the Yokohama Dia Building that was the main transfer source.

    • 2. 

      Emissions per employee is calculated based on the standard use area per person of 2.5 tsubo (8.3m2) that is prescribed as the office standard for NRI.

    • 3. 

      Because the energy resources for the Yokohama Nomura Building are electricity, city gas, and cold water and steam, total heat, greenhouse gas emissions, emissions per floor area, and emissions per employee are calculated based on these resources.

    • 4. 

      The scope of the limited assurance by Ernst & Young ShinNihon LLC was limited to the Indicators marked with the symbol "✓"

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