DENSO Corporation announces that it has issued DENSO Group’s first sustainability bonds denominated in USD to further promote sustainability management. Sustainability bonds are bonds issued to finance activities that contribute to both environmental and social sustainability. 

Since its founding, DENSO has practiced sustainability management, which aims to pursue business growth while also solving social issues. The DENSO Creed represents the company’s founding spirit and includes the principle, “To Provide Quality Products and Services,” reflecting DENSO’s commitment to contributing to society through its operations. The DENSO Group Long-term Policy 2030, which was formulated in 2017, set forth a policy for its operations “to enrich mobility that achieves sustainability, happiness and peace of mind for everyone” by maximizing the value in the “Green” and “Peace of Mind” domains and offering new value to become an “inspiring” company in society.

In 2020, the DENSO announced it intends to achieve “virtually net-zero CO2 emissions (carbon neutrality)” by 2035 in the “Green” domain. In the “Peace of Mind” domain, the DENSO Group has been working to achieve a society with “zero traffic accidents.” For DENSO, sustainability management is the foundation of its business management and a growth driver that has been passed down since its founding.

The funds obtained by issuing the sustainability bonds will be used for various investments in electrification, advanced safety, and automated driving. This first financing for DENSO by issuing US dollar-denominated straight bonds also aims to diversify and reinforce its sources of financing.

DENSO remains committed to accelerating sustainability management to further improve its corporate value and help realize a sustainable society