Project Details
Project
Toyota Leasing Thailand Loan Impact Reporting
Client
Toyota Leasing Thailand
Project Type
Impact Reports
Industry Group
-
Use of Proceeds
-
Location
Thailand
Evaluation Date
Mar 2022
Evaluation Summary
Evaluation Date March 21, 2022 Issuer Location Bangkok, Thailand Sustainalytics has calculated the estimated impact achieved by the green loans Toyota Leasing (Thailand) Co., Ltd. Issued in December 2021 and January 2022. Projects in the category Clean Transportation across Thailand were allocated THB 6 billion. For a representative year of the loan tenure, Sustainalytics has calculated 13,591 tonnes of avoided emissions in CO2e.
Introduction
Toyota Leasing (Thailand) Co., Ltd. (“TLT”) is an indirect majority-owned subsidiary of Toyota Motor Corporation. TLT operates as an auto financing company offering hire purchase, financial lease, operating lease and vehicle registration to Toyota, Lexus, Hino and Suzuki customers in Thailand. In 2021 and 2022, TLT issued green loans and allocated the proceeds according to the TLT Green Financing Framework. Sustainalytics provided a Second-Party Opinion on the Green Financing Framework proposed by TLT, evaluating it as credible, impactful and aligned with the Green Bond Principles 2018 and the Green Loan Principles 2021. 1,2 TLT engaged Sustainalytics to quantify the environmental benefits of the projects refinanced with the proceeds from TLT’s green loans. Using established methodologies, Sustainalytics has estimated avoided emissions from TLT’s hybrid vehicle leases. This report presents the details of our findings, including a description of the methodology used to calculate the impacts.