Nomura Holdings, Inc.
Climate Impact & Sustainability Data (2003-04-01 to 2004-03-31, 2004-04 to 2005-03, 2005-04 to 2006-03, 2007-04 to 2008-03, 2010-04 to 2011-03, 2022, 2023-24)
Reporting Period: 2003-04-01 to 2004-03-31
Environmental Metrics
ESG Focus Areas
- Economy
- Society
- Environment
Environmental Achievements
- Minimized energy consumption by limiting lighting and air conditioner usage, selecting energy-efficient products, and promoting public transportation.
- Achieved a high waste recycling rate at the head office, with plans to expand efforts to reduce and reuse waste.
- Introduced a shuttle bus service powered by an electric motor.
Social Achievements
- Provided grants totaling approximately ¥400 million to educational programs.
- Offered lectures on securities at over 110 universities, reaching more than 20,000 students.
- Supported various cultural and art activities through the Nomura Cultural Foundation.
- Implemented programs to improve employee mental health, including consultations and a counseling hotline.
- Offered more generous maternity, childcare, and family care leave than legally required.
Governance Achievements
- Adopted the Committee System in 2003 to improve management transparency and strengthen corporate governance.
- Established an Audit Committee, including outside directors, to oversee business execution.
- Established a Compliance Hotline to report questionable acts.
- Developed a uniform compliance structure across Group companies.
- Revised information and disaster management measures.
Climate Goals & Targets
Environmental Challenges
- Need to further reduce energy consumption and waste generation.
- Need to address environmental conservation more comprehensively, including reducing CO2 emissions.
- Need for proactive policies to address social aspects of CSR beyond legal compliance.
Mitigation Strategies
- Designing a Group-wide environmental management system.
- Implementing a system to raise awareness among executives and employees of environmental conservation.
- Using the website and other forums to inform the public of measures being adopted.
Supply Chain Management
Responsible Procurement
- Green Procurement
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: GRI, GRI Sustainability Guideline (2002 Edition)
Awards & Recognition
- Mecenat Award for Outstanding Cultivation of the Arts
Reporting Period: 2004-04 to 2005-03
Environmental Metrics
ESG Focus Areas
- Corporate Governance
- Environmental Conservation
- Financial Literacy
- Community Engagement
- Employee Well-being
- Human Rights
Environmental Achievements
- Reduced power consumption at the head office by 14.7% (approximately 7.66 million kWh) in the 3-year period through fiscal 2004. Total carbon dioxide emissions dropped by 18%
- 61% of leased vehicles in Japan were low-emission models
- Implemented “green” purchasing policies
- Improved office facilities to reduce water usage
Social Achievements
- Established a Women's Financial Planning Section
- Launched financial literacy programs for various age groups, reaching over 40,000 participants
- Supported community initiatives through donations and sponsorships
- Revised personnel system to create a more motivating and worker-friendly environment
Governance Achievements
- Transitioned to a committee system of corporate governance
- Established a new CSR Section
- Strengthened internal controls and compliance systems
- Implemented a Group-wide crisis management platform
Climate Goals & Targets
- Achieve an average consolidated ROE of 10-15% over the mid- to long-term horizon
- Increase assets under custody to ¥50 trillion by March 2007
Environmental Challenges
- Increasingly diverse and sophisticated customer needs
- Intensifying competition with other financial institutions
- Need to improve environmental conservation efforts
- Need to enhance financial literacy in the community
- Need to address the growing gap in income between countries and individuals
Mitigation Strategies
- Developed new products and services to meet diverse client needs
- Implemented a new personnel system
- Established a working group to examine environmental policies
- Launched various financial literacy programs
- Established the SRI Research Group to study socially responsible investment
Supply Chain Management
Responsible Procurement
- Consideration of the environmental track record of prospective suppliers when making purchasing decisions
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: Global Reporting Initiative's Sustainability Reporting Guidelines (2002)
Awards & Recognition
- Mecenat Award for Outstanding Promotion of the Arts (1999)
Reporting Period: 2005-04 to 2006-03
Environmental Metrics
ESG Focus Areas
- Global Warming
- Financial and Economic Literacy
- Corporate Governance
- Compliance
- Community Involvement
- Culture and Arts
- Workplace Environment
- Human Rights
Environmental Achievements
- Purchased 5.9 million kWh of certified green power annually, becoming the largest consumer of certified green power in Japan.
- Reduced CO2 emissions by 6.5% (268 tons) compared to the previous year's target.
- Achieved a 98.3% paper recycling rate at Nihonbashi headquarters.
- Reduced water usage through improved facilities and water-efficient systems.
- Reduced CO2 emissions in London by 15.3% compared to 2001.
Social Achievements
- Developed and distributed educational materials on finance and economics to schools and libraries.
- Offered financial literacy seminars at over 120 universities in Japan and overseas.
- Launched the Baby Boomer Project to provide asset management solutions for the retiring generation.
- Implemented a re-employment system for employees reaching retirement age.
- Improved accessibility features on the Nomura Group website.
Governance Achievements
- Implemented aggressive reforms to ensure management transparency.
- Transitioned to a committee-based system of corporate governance.
- Established a Group Information Security Committee.
- Enacted a Code of Ethics applicable to all directors, officers, and employees globally.
- Established a Crisis Management Committee.
Climate Goals & Targets
- Contribute to the creation of a sustainable society.
- Achieve further reductions in greenhouse gas emissions.
- Expand financial literacy programs.
- Reduce power consumption and increase energy efficiency.
- Increase the rate of environmentally friendly purchasing.
Environmental Challenges
- Difficulty in making significant cuts in CO2 emissions due to the nature of the business.
- Negative public image of the investment and securities business.
- Need to improve financial literacy among the general public.
- Managing indirect economic, environmental, and social impacts resulting from activities.
Mitigation Strategies
- Purchased Green Power Certificates to reduce CO2 emissions.
- Launched various financial literacy initiatives, including educational materials and seminars.
- Strengthened corporate governance and internal controls.
- Established clear policies and procedures for managing risks and impacts.
Supply Chain Management
Responsible Procurement
- Green purchasing policies
Climate-Related Risks & Opportunities
Opportunities
- Investment in clean technologies
Reporting Standards
Frameworks Used: Global Reporting Initiative Sustainability Reporting Guidelines (2002)
Awards & Recognition
- First Barrier-Free Town Creation Prize (Ota Branch)
- Letter of appreciation from Tokyo Metropolitan government for waste reduction and recycling
Reporting Period: 2007-04 to 2008-03
Environmental Metrics
ESG Focus Areas
- Corporate Governance
- Customer Relations
- Community Relations
- Employee Relations
- Environmental Conservation
Environmental Achievements
- Annual purchase of 5.9 million kWh of green electricity.
- 20% reduction in CO2 emissions vs. FY2001 at Nihonbashi Headquarters.
- 92.6% waste recycling ratio (Nihonbashi HQ).
- 98% paper recycling ratio (Nihonbashi HQ).
- Nomura International plc achieved ISO14001 accreditation.
- Nomura International plc won a Platinum Award at the Fiscal 2007 Clean City Awards.
Social Achievements
- Distribution of 200,000 copies of supplementary textbook “The T-Shirt Shop” for financial education.
- Publication of supplementary textbook “The Economics Classroom” for elementary school students.
- Support for the Pacific Music Festival (PMF) since 1990.
- Over 160,000 participants in financial seminars as part of lifelong learning programs.
- Various community involvement activities in Japan and overseas (e.g., charity runs, food aid, volunteer work).
Governance Achievements
- Implementation of measures to prevent insider trading following an incident.
- Establishment of a committee-based corporate governance system.
- Establishment of the CSR Committee to promote CSR at the management level.
- Formulation of Nomura Group’s Code of Ethics.
- Establishment of a Group Compliance Officer position.
Climate Goals & Targets
- Continue to reduce CO2 emissions.
- Increase green procurement ratio to 75%.
- Achieve further reductions in energy consumption.
Environmental Challenges
- Insider trading incident undermining public trust.
- Need to improve financial and economic literacy among Japanese children.
- Need to reduce environmental impact of operations.
Mitigation Strategies
- Implemented measures to prevent insider trading (enhanced internal controls, ethics training).
- Developed and distributed educational materials on finance and economics.
- Implemented various environmental conservation initiatives (green purchasing, energy efficiency improvements, waste reduction).
Supply Chain Management
Responsible Procurement
- Green purchasing initiatives
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: GRI
Certifications: ISO 14001 (Nomura International plc)
Awards & Recognition
- Governor’s Award (Tokyo Metropolitan Government Global Warming Initiative)
- Platinum Award (Clean City Awards)
- Gold Prize (Kids Design Awards)
Reporting Period: 2010-04 to 2011-03
Environmental Metrics
ESG Focus Areas
- Responsible Business
- Business for Sustainability
- Citizenship
Environmental Achievements
- Reduced CO2 emissions at Nihonbashi head office by 31.6% below fiscal 2002 level
- Increased waste recycling rate at Nihonbashi head office to 91.3%
- Reduced paper use by 156,000 sheets by eliminating and digitizing internal forms
- Purchased green power certificates equivalent to 100% of annual electricity consumption at Nihonbashi head office
Social Achievements
- Launched the East Japan Revival Support Bond Fund to assist reconstruction efforts
- Donated a portion of trust fees from the East Japan Revival Support Bond Fund to disaster relief
- Provided financial and economics education programs to approximately 580,000 participants
- Raised over £1,000,000 for Teenage Cancer Trust in the UK
- Won the Dragon Award for excellence in Community Affairs in London
Governance Achievements
- Instituted a committee-based corporate governance system with a majority of outside directors
- Strengthened risk management structure by conducting stress and scenario analyses
- Established a Compliance Committee chaired by the Group CEO to oversee groupwide initiatives
Climate Goals & Targets
- Not disclosed
- Not disclosed
- Reduce greenhouse gas emissions at Nihonbashi head office to 20% below fiscal 2002 level
- Increase fuel-efficient, low-pollution vehicles to 80% of fleet
Environmental Challenges
- Addressing social and environmental risks arising from various transactions
- Managing reputational risks
- Meeting the diverse needs of clients in a changing social and economic environment
- Revitalizing regional economies in Japan
Mitigation Strategies
- Reviewing and confirming issuers' awareness of potential risks to society and the environment
- Developing new forms of investment to meet client needs
- Establishing Nomura Agri Planning & Advisory Co., Ltd. to support agribusiness development
- Collaborating with local governments, universities, and businesses to revitalize local communities
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Green purchasing initiatives (74.3% of purchases were green products)
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Investing in renewable energy and energy efficiency projects
Reporting Standards
Frameworks Used: GRI (G3)
Certifications: ISO 14001 (Nomura International plc)
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- IFC Green Bonds
- East Japan Revival Support Bond Fund
Awards & Recognition
- Dragon Award
- Business Charity Awards
- Clean City Award
- Business in the Community, Education Award for Excellence
- Tokyo Metropolitan Government Global Warming Countermeasures Plan Award for Excellence
Reporting Period: 2022
Environmental Metrics
ESG Focus Areas
- Climate Change
- Diversity, Equity & Inclusion
- Sustainable Finance
- Financial Literacy
- Regional Revitalization
- Business Succession
- Governance
Environmental Achievements
- Commitment to net-zero GHG emissions from own operations by 2030 and net-zero GHG emissions from lending and investment portfolios by 2050.
- Target of $125 billion in sustainable financing over five years through March 2026.
- Increased use of renewable energy at main global offices (over 50% in 2021, aiming for 100% by 2030).
- Established an environmental management system in Japan and promotes environmental initiatives globally (e.g., ISO 14001 and ISO 50001 certifications in London office).
Social Achievements
- Launched the TASUKI Project in July 2022 to contribute to SDG-related projects carried out by local governments.
- Provided financial education programs for people of all ages, reaching 1,075,000 participants in FY2021/22.
- Established the Financial Well-being Dept. in April 2022 to strengthen financial education capabilities.
- Initiatives to promote women's participation and advancement, including securing a human resource pool and hiring experienced professionals for executive and managerial positions.
- Received the Gold Award in the PRIDE Index for LGBTQ+ workplace initiatives for six consecutive years.
Governance Achievements
- Sustainability Committee chaired by the Group CEO, responsible for formulating business policies and determining activities concerning sustainability risks and opportunities.
- Establishment of a Sustainability Council as an advisory body to the Sustainability Committee.
- Supports the Task Force on Climate-related Financial Disclosures (TCFD) recommendations.
Climate Goals & Targets
- Achieve net zero GHG emissions in lending and investment portfolios by 2050.
- Achieve net zero GHG emissions from own operations by 2030.
- Achieve 100% renewable energy for electricity used in offices by 2030.
- Set GHG emissions reduction targets for high-impact sectors by 2030.
- Increase the use of renewable energy to over 70% by 2024 at main global offices.
Environmental Challenges
- Climate change risks and opportunities (physical and transition risks).
- Business succession needs in Japan due to an aging population.
- Need for improved financial literacy.
- Promoting diversity, equity, and inclusion.
Mitigation Strategies
- Conducting credit risk exposure analysis related to climate change and scenario analysis.
- Setting net-zero targets and a target amount of sustainable financing.
- Collaborating with Japan Search Fund Accelerator (JaSFA) on the Japan Search Fund Platform (JSFP) to address business succession needs.
- Strengthening financial education programs.
- Implementing diversity, equity, and inclusion initiatives across the group.
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Green purchasing of office supplies
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Expansion of financing, consulting, advisory, and asset management opportunities related to decarbonization.
Reporting Standards
Frameworks Used: TCFD, UN Global Compact
Certifications: ISO 14001, ISO 50001
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- ESG/SDGs investment products
Awards & Recognition
- Gold Award in the PRIDE Index (6 consecutive years)
- Rainbow Award (2021)
- Excellence Award at the Consumer Education Materials Awards 2022
- 3rd Japan Childcare Support Grand Prize
Reporting Period: 2023-24
Environmental Metrics
ESG Focus Areas
- Climate Change
- Sustainable Finance
- Social Contribution
- Human Rights
- Financial Education
Environmental Achievements
- Reduced GHG emissions from own operations by approximately half compared to FY2020/21, reaching 21,927 t-CO2e in FY2023/24.
- Achieved 74.0% renewable energy use in FY2023/24, exceeding the 70% target for FY2025/26.
- Initiated decarbonization verification project in agriculture using advanced technology.
Social Achievements
- Provided financial education to 1,104,433 participants in FY2023/24.
- Donated 1,140,449 books by end of March 2024.
- Conducted Global Charity Challenge, donating to health promotion and social contribution activities.
- Provided relief aid following the Noto Peninsula and Eastern Taiwan earthquakes.
Governance Achievements
- Established a Sustainability Committee chaired by the Group CEO.
- Established a Sustainability Forum for cross-departmental discussions.
- Appointed a Chief Sustainability Officer (CSuO) in 2023.
- Established a Human Rights Policy in May 2023.
Climate Goals & Targets
- Achieve net-zero GHG emissions from lending and investment portfolio (Scope 3 Category 15) by FY2050/2051.
- Achieve a 55% SBT portfolio coverage ratio by FY2025/26.
- Achieve an interim target for financed emissions in the Power Generation sector by FY2030/2031 (in line with IEA NZE scenario).
- Achieve net-zero GHG emissions for own operations by FY2030/2031.
Environmental Challenges
- Data quality for GHG calculation in financed emissions is still evolving.
- Achieving net-zero GHG emissions from lending and investment portfolios (Scope 3 Category 15) by 2050/2051.
Mitigation Strategies
- Established a governance structure to monitor emissions and manage the ratio of renewable energy-related lending and investments.
- Published a Net Zero Transition Plan to achieve net zero in financed emissions.
- Improving data sourcing and calculation methodologies for financed emissions.
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: NZBA, GHG Protocol, PCAF
Certifications: ISO 14001
Awards & Recognition
- Bronze Award in the financial services sector (securities sector) at the 5th ESG Finance Awards Japan