Climate Change Data

Environmental Metrics

ESG Focus Areas

• Climate Change
• Social Impact
• Governance

Environmental Achievements

• Estimated reduction in CO2 emissions of 13,983 t-CO2/year (as of September 30, 2021) through green bonds and ESG investments and loans totaling ¥63.4 billion.

Social Achievements

• Increased number of business clients to 28,662 (from 28,342 in 2021) and borrowers for whom financing is conducted based on business viability evaluation to 6,527 (from 5,869 in 2021), with a total amount financed of ¥808.8 billion (from ¥742.0 billion in 2021).
• Increased number of business start-up plans assisted to 137 (from 128 in 2021) and trust business contracts to 365 (from 95 in 2021).
• Increased ratio of female managers to 17.5% (from 16.4% in 2021) and ratio of females at assistant manager level and higher to 9.5% (from 9.2% in 2021).

Governance Achievements

• Maintained 5 outside directors out of 14 total board members (as of March 31, 2022).

Climate Goals & Targets

Environmental Challenges

• Rapid social and business environment changes due to COVID-19, including fintech advancements and negative interest rate policies.
• Intense competition from megabanks and other financial institutions in Aichi Prefecture.
• Geopolitical risks impacting supply chains and causing concerns about the impact on the supply chains of various industries.

Mitigation Strategies

• Shifting from traditional banking services to the business of creating better futures, focusing on providing solutions to customer issues.
• Establishing a comprehensive business alliance with Shizuoka Bank to enhance services, expand revenue, and reduce costs.
• Reorganizing the Automobile Industry Support Office into the Automobile Supply Chain Support Office to provide more in-depth support.
• Establishing a supply chain help desk to provide consulting on financial positions and various solutions.
• Supporting applications for subsidies, achieving top rankings nationwide for several subsidy programs.
• Improving consulting capabilities of employees through human resource development.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: TCFD

Environmental Metrics

ESG Focus Areas

• Climate Change
• Social
• Governance

Environmental Achievements

• Achieved SBT certification for a 42% CO2 reduction target by 2030 (compared to 2020), with a milestone of 21% reduction from FY2020 to FY2025.
• ISO14001 certification obtained in 2003 (and 2018 for the 2015 version).
• Monthly community cleanup activities.

Social Achievements

• ISO39001 certification obtained in 2015.
• Implementation of employee well-being programs, including a 'Fujiku Appreciation Day' and an employee suggestion system.
• Regular health checkups and additional health screenings for employees.
• Donations to local charities and community organizations (e.g., Kariya City Social Welfare Council, Kariya City Office).

Governance Achievements

• Established a sustainability management system with cross-departmental collaboration to implement and review SDGs initiatives.
• Regular review of BCP measures (disaster preparedness).

Climate Goals & Targets

Environmental Challenges

• CO2 emissions from road freight transportation.
• Balancing business growth with environmental impact.

Mitigation Strategies

• Science-Based Targets (SBT) initiative to reduce CO2 emissions.
• Efficient logistics solutions to minimize CO2 emissions.
• ISO14001 implementation for energy saving, resource conservation, and waste reduction.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Science Based Targets (SBT), UN SDGs

Certifications: ISO 14001, ISO 39001

UN Sustainable Development Goals

• 3
• 9
• 11
• 12
• 13
• 14
• 15
• 17

Environmental Metrics

ESG Focus Areas

• Sustainability
• Human capital strategy
• Digital transformation (DX)

Environmental Achievements

• Achieved an S rating in the R&I Customer-Oriented Investment Trust Sales Company Evaluation
• Launched Green Deposit on March 1, 2023
• ESG investments and loans implemented: ¥63.8 billion (accumulated from FY2021: ¥127.3 billion)
• By FY2030, aim to achieve a 70% reduction in CO2 emissions (Scopes 1 & 2) relative to FY2013 levels
• By FY2050, aim to achieve net-zero CO2 emissions

Social Achievements

• Established the Health & Productivity Management Promotion Office in June 2022
• Restructured the Women’s Participation Promotion Project Team into “Team Himawari Plus+” in January 2023
• Improved various issues with respect to “Seven Aspects of Diversity”
• FY2030 target: Female on-site representation ratio 100%
• FY2030 target: Work engagement 3.60
• FY2030 target: Diverse career experience ratio 80%

Governance Achievements

• Endorsement of TCFD recommendations
• Established a risk management structure by drawing up the Climate Change Risk Management Regulations
• Transitioned to a company with an audit and supervisory committee on June 26, 2020
• Invited five highly independent outside directors
• Adopted an executive officer system

Climate Goals & Targets

Environmental Challenges

• Diversifying customer values and needs
• Decreasing birthrate and aging population
• Medium- to long-term changes in social structure due to population decline
• Advancement of a cashless society
• Intensifying competition among banks

Mitigation Strategies

• Strengthening earning potential by increasing the number of clients and heightening market share
• Providing accompaniment assistance through understanding customers’ management challenges and proposing solutions
• Creating a better future with customers
• Enhancing corporate governance
• Formulating a “Code of Ethics for Bank of Nagoya Directors and Employees” and “Policy on Compliance with Laws and Regulations, Etc.”

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: TCFD

Awards & Recognition

• Consul General’s Commendation

Environmental Metrics

ESG Focus Areas

• Facilitating sound growth of the regional economy
• Contributing to sustainable environmental conservation
• Developing human resources empowered to consistently excel into the future

Environmental Achievements

• Reduced CO2 emissions by 49% compared to FY2013 (target of 70% reduction by FY2030 and net-zero by 2050)
• ESG investments and loans implemented: ¥51.1 billion (Year ended March 2024); ¥178.4 billion (cumulative through FY2023)

Social Achievements

• Financial education workplace seminars held 829 times with 5,666 attendees
• Number of business clients: 29,547 companies
• Female on-site representation ratio: 19.3% (at level of assistant manager and higher); 9.9% (female managers)

Governance Achievements

• Established the “Basic Policy on Sustainability” and the “Sustainability Committee” chaired by the President (October 2021)
• Endorsement of TCFD recommendations
• 5 out of 13 Board of Directors are Outside Directors (as of June 21, 2024)

Climate Goals & Targets

Environmental Challenges

• Heightened uncertainties such as the stalemate in Ukraine, the depreciation of the yen, and rapid inflation
• Shift away from large-scale monetary easing affecting developments in the financial and foreign exchange markets as well as the real economy
• Complex and diverse risks faced by banks due to rapid progress of technological innovation, deregulation, and globalization in finance

Mitigation Strategies

• Implementing the 22nd Management Plan, “Delivering True Value with Respect to the Business of Creating Better Futures,” (April 2023 - March 2031)
• Established a risk management system with the Internal Control Division in charge
• Strengthened and enhanced compliance framework through the Compliance Committee and Internal Control Division

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: TCFD

Certifications: White 500 company, METI certification as an operator prepared to promote DX, S rating as a customer-oriented investment trust sales company, Platinum Kurumin Plus certification, Eruboshi (Grade 2) certification, Sports Yell Company 2024 certification

Awards & Recognition

• White 500 company
• METI certification as an operator prepared to promote DX
• S rating as a customer-oriented investment trust sales company
• Platinum Kurumin Plus certification
• Eruboshi (Grade 2) certification
• Sports Yell Company 2024 certification