SBI Shinsei Bank, Limited

SBI Shinsei Bank, Ltd. (hereinafter “SBI Shinsei Bank”) has executed social finance deals for two special purpose companies related to Nuveen Real Estate (New York, USA; CEO; Mike Sales, hereinafter “NRE”). The finance proceeds will be used to acquire real estate trust beneficiary rights backed by nursing homes and other facilities.

 

NRE, a leading real estate investment management company owned by the Teachers’ Insurance and Annuity Association of America (TIAA), invests commercial real estate, residential real estate, infrastructure, farmland, and forests. As a responsible investor, NRE aims to create enduring impacts worldwide through its investments. NRE has developed the “Tomorrow’s World Strategy,” which sustainability sits at the core of its business strategy, aiming to achieve a net-zero global portfolio by 2040. Under this strategy, NRE is contributing to the supply of high-quality senior housing in Japan through the “Japan Alternatives Living Fund,” a $150 million fund focusing on senior housing investments including the two deals below.

 

SBI Shinsei Bank, actively supports initiatives that aim to solve or alleviate social issues and create positive social impacts through financial assistance.

 

Overview of the Social Finance Assessment by Sustainable Impact Assessment Department of SBI Shinsei Bank

Borrower

SPC I

SPC II

Use of funds

Financing for the Acquisition of Trust Beneficiary Rights Backed by

✓　Nursing Home for the elderly (Tokyo)

✓　Nursing Home for the elderly (Tokyo)

✓　Residential Nursing Home, Group Home for people with Disabilities (Chiba)

✓　Residential Nursing Home (Saitama)

Social impact of projects

Ensuring safe and comfortable housing for the elderly:

✓　From the perspective of residents: the quality of life for elderly individuals improves by moving into the facility.

✓　From the perspective of residents’ families: Reducing the need for family members to leave their jobs to provide care and promoting women’s participation in society.

Consistency between the Social Impact and Alignment with Social Issues

The project can contribute the following UN Sustainable Development Goals (SDGs),

✓　Goal 3: Good Health and Well-being for all

✓　Goal 5: Achieve Gender Equality

✓　Goal 8: Decent Work and Economic Growth

Additionally, it aligns with the Japanese government and local authorities’ policies on providing housing for the elderly, preventing, and reducing the need for family members to leave their jobs to provide care, and promoting women’s participation in society.

Other positive points for this loan
  • Maintaining the impacts related to a licensed nursery school moving in the same building.
  • Creating positive impacts related to the residents with disabilities in a group home co-located with the residential nursing home in Chiba, and their families.
  • Considering installation of solar panels on some of the facilities.

* “Shinsei Social Loan” is a loan that conforms to the “Shinsei Social Finance Framework.” For an overview of the Framework, please refer to the attached reference material.

https://www.sbishinseibank.co.jp/institutional/en/sustainable_finance/

 

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