Hokusei North America’s parent company, Hokusei Products, recently placed a highly-innovative private bond in Japan. As part of the bond arrangement, Fukui Bank is the underwriter, and will donate a portion of its underwriting commissions to organizations committed promoting Sustainable Development Goals, or SDGs.
Relatively unknown in the U.S., SDGs have been established by the United Nations to serve as “blueprints to achieve a better and more sustainable future for all. They (SDGs) address the global challenges we face, including those related to poverty, inequality, climate change, environmental degradation, peace and justice. “*
In the case of Hokusei Product’s bond placement, Fukui Bank is donating funds that will go toward SDG educational materials to be used at a high school in Hokusei’s domiciled area of Toyama Prefecture.
Given the innovation of this bond issuance, Hokusei Products and Fukui Bank were featured on local TV. To see coverage (in Japanese) of this bond and its ties to SDG promotion, please click here.