Social Bond

About Social Bond

The Social Bond is a bond issued to raise funds for projects that help to resolve social issues (Social Projects), as defined by the ICMA (International Capital Market Association) in its Social Bond Principles*1, and are bonds targeted for ESG investment*2.
JASSO issues social bonds under the following framework, based on the Social Bond Principles defined by the ICMA.

JASSO bond as a “Social Bond”

A report on the impacts of JASSO Bonds (social bonds) has been prepared.

External Review

From the 52nd to the 71st bonds issuance, Japan Student Services Organization receives a second-party opinion from Moody's Japan(Formerly known as Moody's ESG Solutions and Vigeo Eiris), every time it issues social bonds in order to ensure alignment with the Social Bond Principles released by the ICMA.
From the 72nd bond onwards and private sector borrowings from April 2023 conform to the "Social Bond Principles 2021", "Social Loan Principles 2023" and "Social Bond Guidelines" (formulated by the Financial Services Agency). It is based on the social finance framework for which a second opinion was obtained from Japan Credit Rating Agency, Ltd.