ES-CON JAPAN have concluded a social loan agreement with North Pacific Bank, Ltd. and raised 3.8 billion yen. A social loan is a loan that limits the use of funds to businesses that contribute to solving social issues such as medical care, welfare, and education.

The funds raised from this project will be used to refinance the development costs of "Masters Veras Hokkaido Ballpark," a residence for active seniors adjacent to the medical mall "F VILLAGE Medical Square," which was developed within Hokkaido MASTERS VARUS HOKKAIDO BALLPARK F VILLAGE. In addition, this loan has received a second opinion of "Social 1," the highest rating, from Japan Credit Rating Agency a third-party rating agency, regarding its compliance with the requirements set out in the Social Loan Principles.

In an "ESG/SDGs" evaluation prepared by Sumitomo Mitsui Banking Corporation and The Japan Research Institute, Limited., ES-CON JAPAN received an overall evaluation rank of "A*," which is the third highest rank out of seven for "implementing favorable ESG/SDGs initiatives and information disclosure." In response to this, we raised 3 billion yen through "ESG/SDGs evaluation financing," part of a syndicated loan arranged by Sumitomo Mitsui Banking Corporation, as project funds for the "Fujishirodai 5-chome Project," for which we acquired land on March 27, 2020.

In the ESG/SDGs assessment of ES-CON JAPAN Ltd., we were judged to have very high standards in "efforts to reduce the environmental impact of business activities," "consideration for local and global communities," and "CSR management." We were also evaluated as having implemented good ESG initiatives in corporate management and a strong desire to contribute to achieving the SDGs through our business.