Hiratsuka, Japan—The Yokohama Rubber Co., Ltd. announced today that it concluded a Mizuho Eco Finance (Mizuho Environmentally Conscious Finance) loan agreement with Mizuho Bank, Ltd. on June 17.

Mizuho Eco Finance is an environmental assessment-based financial product through which the bank supports companies’ initiatives aimed at transitioning to a decarbonized society. Financing under this program goes to clients that meet a certain score or higher for their indices and initiatives related to climate change, with a focus on information disclosure, based on an environmental assessment model developed by Mizuho Research & Technologies, Ltd.

In concluding this agreement, Yokohama Rubber received high marks from Mizuho Bank for such initiatives as disclosing information on its emissions levels and efforts to reduce greenhouse gas emissions across the entire supply chain as well as establishing medium- to long-term targets for reducing CO₂ emissions from company activities by 40% by 2030 compared to fiscal 2019 and achieve net zero CO₂ emissions (carbon neutrality) by 2050.

Under the sustainability slogan “Caring for the Future,” Yokohama Rubber is creating shared value by addressing social issues through its business activities.