Japan Airlines (JAL) has announced today that it has decided to issue the world’s first transition bonds in the aviation industry. Transition bonds, a category of SDG bonds, are corporate bonds issued by companies who has developed strategies to achieve long-term goals that aligned with the Paris Agreement and will allocate the proceeds to initiatives that support the transition towards a carbon-free society. By issuing its first SDG Bonds, JAL said that it wants to clearly demonstrate its determination to “squarely confront the issue of reducing emissions from aircraft, which are the biggest source of CO2 emissions in its air transport

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