SBI Shinsei Bank, Limited

SBI Shinsei Bank, Ltd. (Tokyo, Japan; CEO; Katsuya Kawashima, 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 $200 million fund focusing on senior housing investments including the two deals below.

 

SBI Shinsei Bank Group, under its Medium-Term Management Plan commencing in fiscal year 2025, has articulated the following vision: “Next-Generation Finance: Building and Pioneering the Future Together.”
As part of this vision, the Group has identified the advancement of sustainability management as a core strategic pillar.

Looking ahead, we will continue to work closely with customers who are proactively addressing environmental and social challenges. Through these partnerships, we aim for a virtuous cycle between “long-term contributions to the environment, society, and customers through our business” and “sustainable growth of our group”.

 

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

Borrower

SPC I

SPC II

Use of Funds

Acquisition of trust beneficiary rights backed by the following senior care facilities (all of which are fee-based nursing homes with care services, hereinafter referred to as the “Target Facilities”)

Locations of Target Facilities

1. Tokyo

2. Saitama

1. Chiba

2. Tokyo

3. Saitama

Social Impact of Projects
  • From the perspective of residents: Ensuring safe and comfortable housing for the elderly
  • 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.

* This social loan is a loan with its use of proceeds limited to projects that address or mitigate specific social issues, or that generate positive social impact. For more information on the “SBI Shinsei Bank Group Social Finance Framework”, please refer to the URL below.

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

 

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