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Sustainability Advisory Board

Aiming to advance sustainable management, the Norinchukin Bank established the Sustainability Advisory Board in fiscal 2022 as a forum to solicit the opinions of external experts and exchange views.
Directors and employees of the Bank exchange opinions with four board members on an ongoing basis.

Participants

Board Members

  • Senior Counselor of The Japan Research Institute, Limited
    ADACHI Eiichiro

  • Member of the Supervisory Committee of the Bank
    SATO Takafumi

  • Professor, The University of Tokyo Institute for Future Initiatives
    TAKAMURA Yukari

  • Professional Adviser, Kirin Holdings Company, Limited
    MIZOUCHI Ryosuke

Participants From the Bank
  • KITABAYASHI Taro
    Representative Director and Managing Executive Officer (Chief Sustainability Officer)
  • IMAI Masato
    Director and Managing Executive Officer
  • TSUCHIDA Tomoko
    Managing Executive Officer (Chief Sustainability Officer)
  • HATA Nobuhiro
    General Manager, Food & Agri Business Planning Division (Sustainability Officer, Food & Agri Banking Business)
  • SATO Shigefumi
    General Manager, JA Bank System Management Division (Sustainability Officer, Retail Banking Business)
  • SHIOTA Suguru
    Deputy General Manager, Markets Division (Sustainability Officer, Global Investments)
  • YANO Osamu
    Deputy General Manager, Risk Management Division (Sustainability Officer, Risk Management Unit)
  • NODA Haruo
    General Manager, Corporate Design Division (Sustainable Management)

First Sustainability Advisory Board Meeting of FY2024

At the Sustainability Advisory Board meeting held in July 2024, the Bank management discussed future challenges in our sustainable management, receiving feedback from board members.

(Major Comments From Board Members)

General Sustainable Management

  • I appreciate the fact that The Norinchukin Bank has pursued sustainable management to date.
  • Going forward, it will be important to further explain to stakeholders how your sustainability efforts will reduce risks and lead to business opportunities for The Norinchukin Bank.

Measures in the Food and Agriculture Value Chain

  • I expect The Norinchukin Bank to collaborate with the JA Group in establishing sustainable agriculture in light of the significant GHG emissions and ecological impact of agricultural production.
  • As a cooperative organization, it is also important for the Bank to focus efforts more on the agriculture, fishery and forestry industries.
  • Many companies will be required to disclose Scope 3 in their sustainability disclosures going forward. To this end, it is crucial for the Bank to reduce GHG emissions throughout the food and agriculture value chain, focusing in particular on achieving decarbonization at upstream agricultural production sites. I expect The Norinchukin Bank to work with cooperative organizations to address these issues from the perspective of business risks and opportunities.

Initiatives for Visualizing and Creating Impact

  • I expect The Norinchukin Bank to generate the environmental and social impacts prioritized in the newly formulated materiality and the medium-term vision.
  • The Bank must not only create positive impacts, but also work to reduce negative impacts.
  • I expect the Bank to go beyond simply visualizing the impact of individual business activities to act with intentions unique to the Bank and engage in impact financing initiatives with additionality.

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