Climate Change Data

The Chiba Kogyo Bank, Ltd.

Climate Impact & Sustainability Data (2019, 2022, 2023)

Reporting Period: 2019

Environmental Metrics

ESG Focus Areas

  • Environment
  • Social
  • Governance

Environmental Achievements

  • Renovated bank branches equipped with hybrid street lighting using wind and solar energy, and solar power generation systems.
  • Bank employees participated in a prefectural-level “zero waste” campaign (approx. 1,000 participants).
  • Engaged in activities to regenerate prefectural forests at the Niibori coast of Sosa City, planting 5,000 trees.

Social Achievements

  • Held the “Summer Kids School” for the 12th time, for elementary school students in Chiba Prefecture.
  • Convened “work experience studies” for Junior High School students.
  • Obtained “Platinum Kurumin” Certification for superior initiatives as a “Company Supporting Childrearing.”
  • Sponsored the “Chiba Aqualine Marathon 2018” with 113 bank employees volunteering.

Governance Achievements

  • Established a Governance Committee comprised mainly of outside executives to advise the Board of Directors.
  • Implemented a corporate governance framework to ensure transparent, fair, expeditious, and resolute decision-making.

Climate Goals & Targets

Environmental Challenges

  • Shrinking population and aging population in Chiba Prefecture.
  • Increasingly diverse and sophisticated needs of small and medium enterprises and individual customers.
  • Low interest rate environment and expansion of financial competition.
Mitigation Strategies
  • Commenced the new Medium-Term Management Plan “Consulting Kodo Project 2022 ~Together towards the future – Closer and Deeper – ~” in April 2019 to focus on consulting and capacity to meet needs.

Supply Chain Management

Climate-Related Risks & Opportunities

Awards & Recognition

  • Platinum Kurumin Certification

Reporting Period: 2022

Environmental Metrics

ESG Focus Areas

  • Economy
  • Society
  • Environment

Environmental Achievements

  • Reduced CO2 emissions by 35% compared with 2013 by 2025, and 46% compared with 2013 by 2030.
  • Supported carbon offset transactions.
  • Donation to Food Bank.
  • Donation-Type Vending Machines.
  • Co-sponsored "Box that is Connected to the Future" Project

Social Achievements

  • Ratio of female officers increased to 24.09% (as of March 31, 2022).
  • Introduced "Family Support Leave" for infertility treatment.
  • Started handling bank account transactions with maiden names.
  • Financial Education for the Next Generation
  • Online lectures for Seitoku University Students
  • Workplace Tours
  • Internship Programs
  • Economics Koshien
  • Summer Kids School

Governance Achievements

  • Established the Nomination and Remuneration Advisory Committee.
  • Improved corporate governance practices.

Climate Goals & Targets

Medium-term Goals:
  • Reduce CO2 emissions by 46% compared with 2013 by 2030.
  • Increase in core corporate business partners + 1,000 compared with March 31, 2022
  • Number of cases sharing five major needs Cumulative number of sharing cases for three years: 10,000 cases
  • Number of management improvement plans formulated Cumulative number of formulated plans for three years: 250 cases
  • Increase in core customers + 1,400 compared with March 31, 2022
  • Increase in balance of assets under custody + ¥45.0 billion compared with March 31, 2022
  • Number of cases in which we were able to respond to the inheritance needs Cumulative number of cases in which we were able to respond for three years: 1,000 cases
  • Reduction in administrative work time through digitalization (133) thousand hours compared with FY2021
  • Reduction in administrative operations at branches (50)% compared with FY2019
  • Number of those holding the Information Technology Passport 550
  • Number of those who passed the second grade of the Official Business Skills Test in Bookkeeping 200
  • Number of those who are the first grade Certified Skilled Worker of Financial Planning 110
  • Number of workshops for cross-industrial exchange held Cumulative number of workshops held for three years: 36 times
  • Ratio of female officers 30%
Short-term Goals:
  • Reduce CO2 emissions by 35% compared with 2013 by 2025.

Environmental Challenges

  • Declining birthrate and aging population.
  • Transformation of lifestyle and business model.
  • Raw material shortage, labor shortage.
  • Prolonged low interest rate policy.
  • Progress in financial technology.
  • Raised awareness of crime and disaster prevention.
  • Worsening environmental problems.
Mitigation Strategies
  • Initiatives for the five major needs (business succession, labor shortages, management streamlining, decarbonization, DX).
  • Digital transformation of existing businesses.
  • Creation of new value connecting stakeholders.
  • Support for decarbonization of business partners.

Supply Chain Management

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

  • Chiba Kogyo Bank SDGs Private Placement Bonds

Reporting Period: 2023

Environmental Metrics

ESG Focus Areas

  • Revitalizing industry and creating appeal for Chiba
  • Cultivating the human resources that will be responsible for the future of Chiba
  • Realizing a prosperous Chiba where people can live with peace of mind
  • Decarbonization

Environmental Achievements

  • Reduced CO2 emissions by 36.93% compared with FY2013 (as of March 2023, target is 35% reduction by FY2024 and 46% by FY2030)
  • Introduced ultra-compact battery electric vehicle "C+pod" for commercial use at two branches.
  • Invested 50 million yen in Japan Green Investment Corp. for Carbon Neutrality.

Social Achievements

  • Launched the website "Chibatoku!" to connect stakeholders and support business partners.
  • Started providing free online learning service for employees of business partner companies.
  • Concluded a basic agreement on cooperation with Chiba University of Commerce.
  • Held financial education classes for local junior high and high school students.
  • Donated 3 million yen to Chiba Prefecture's scholarship system.
  • Established a new training facility, "Makuhari Gakumonjo".

Governance Achievements

  • Endorsed the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD) in September 2022.
  • Established the Sustainability Promotion Committee.
  • Formulated the Environmental Policy, Human Rights Policy, and Procurement Policy.

Climate Goals & Targets

Long-term Goals:
  • Establish CKB Community
Medium-term Goals:
  • Reduce CO2 emissions by 35% by FY2024 and 46% by FY2030 compared to FY2013 (target revised upward on August 9, 2023).
  • Increase ESG investment and finance to 500 billion yen by FY2030 (target revised upward on August 9, 2023).
Short-term Goals:
  • Increase ESG investment and finance to over 150 billion yen by FY2024 (target revised upward on August 9, 2023).

Environmental Challenges

  • Market volatility due to rising prices and interest rate hikes.
  • Uncertain economic outlook due to yen depreciation, price and wage increases, and supply chain issues.
  • Declining birthrate and aging population.
  • Transformation of lifestyle and business model.
  • Raw material shortage and labor shortage.
  • Climate change related transition and physical risks.
Mitigation Strategies
  • Solidifying commitment to rigorous consultancy and support for business partners.
  • Heightening corporate value by striving to increase the value of its common stock.
  • Reducing the total amount of preferred stock issued.
  • Implementing scenario analysis to assess climate-related risks (transition and physical).
  • Providing CO2 emissions visualization and reduction solutions to business partners.
  • Strengthening consulting personnel and developing human resources.

Supply Chain Management

Responsible Procurement
  • Promoting responsible procurement practices and procurement optimization, based on the Group’s Environmental Policy and its Human Rights Policy.

Climate-Related Risks & Opportunities

Physical Risks
  • Flooding
  • Extreme weather events
Transition Risks
  • Governmental policy and regulatory changes
  • Technological and market changes
Opportunities
  • Increasing volume of consultancy and financing support involving sustainability initiatives related to climate change
  • Decreasing business costs by reducing resource and energy consumption and using renewable energy

Reporting Standards

Frameworks Used: TCFD

Certifications: Platinum Kurumin Plus, Eruboshi (highest grade)

Sustainable Products & Innovation

  • Positive Impact Financing (PIF)

Awards & Recognition

  • Second “Regional Revitalization SDGs Financial Award”