Climate Change and Nature-Related Issues
Reduce Financed Emissions
The Norinchukin Bank is committed to Net Zero by 2050, establishing GHG reduction goals for our investment and loan portfolio.
We established targets for our loan portfolio in fiscal 2023 in the oil and gas, coal, and steel sectors, in addition to setting targets for the electricity sector in (disclosed in March 2023).
We strive to strengthen our financing and other solutions while engaging with our investees and borrowers.
Sector and Asset Class | Base Year FY2019 | Recent Results (FY2021) | FY2030 Targets | |
---|---|---|---|---|
Lending | 【Power】 | 213gCO2e/kWh | 209gCO2e/kWh | FY2030 138~165gCO2e/kWh |
【Oil and Gas】Scope1・2 | 8.9gCO2e/MJ | 14.5gCO2e/MJ | FY2030 3.1gCO2e/MJ |
|
【Oil and Gas】Scope3 | 0.51MtCO2e | 0.2MtCO2e | FY2030 Vs. FY2019 -27.3% |
|
【Coal】 | Response and engagement based on Policy on Environmental and Social Considerations in Financing and Investment Activities | |||
【Steel】 | 1.99tCO2e/t | 2.06tCO2e/t | FY2030 1.54tCO2e/t -1.73tCO2e/t |
|
Investment | 【Stocks and Bonds】 | 0.66tCO2e/million yen | 0.54tCO2e/million yen Vs. FY2019 -18% |
FY2030 Vs. FY2019 -49% |
Secure the amount of the forest carbon sink, together with JForest members
We work together with JForest members to ensure measures such as appropriate forest maintenance to secure the amount of the forest carbon sink.
Reduce GHG Emissions by the Bank Itself
The Bank reduces GHG emissions by encouraging energy conservation and introducing renewable energy.
Efforts to be Nature Positive
The Bank conducts trial analyses of our dependencies and impacts on nature, including within the value chains of our investees and borrowers, to understand the nature-related risks and opportunities in our portfolios.
We collaborate with external companies and participate initiatives to strengthen our ability to provide investees and borrowers with solutions to be nature positive.
We are committed to integrated disclosures on addressing climate and nature-related issues based on the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) and the Task Force on Nature-related Financial Disclosures (TNFD).
Increase the Income of Farmers, Fishermen, and Foresters
We provide consultations for those in coaperation with JA Bank and offer support in establishing food and agricultural value chains through investment and loan.
Number of Consultations Provided by JA Bank
FY2021 | FY2022 | FY2023 |
---|---|---|
186 | 301 | 306 |
Execute New Sustainable Finance
The Norinchukin Bank executed sustainable finance to help resolve environmental and social issues.
We also focus on measuring and managing how our financing and other business activities impact the environmental and societies.
Respect for Human Rights
The Bank held dialogues with external experts and other parties related to regarding modern slavery (forced or child labor), which we identified as a material issue based on our human rights impact assessments (human rights due diligence), in the high-risk sectors (agriculture, construction, food manufacturing) for the human rights of foreign employees. We will take these factors into account when considering specific measures going forward.
Ratio of Female Managers
To promote diversity and inclusion in the Bank, we work to encourage female employee activity and growth as well as foster awareness among executives and employees.
- Sustainability
- Sustainability Management
- Highlights of Initiatives
- Our Purpose and Vision
- Philosophies and Policies
- Sustainability Promotion Structure
- Sustainability Advisory Board
- Important Issues to Achieve Our Purpose
- Stakeholder Engagement
- Participation in Initiatives
- Sustainable Finance
- Initiatives for Creating and Visualizing Impact
- Initiatives to Manage Environmental and Social Risks
- Agriculture, Fishery, Forestry Industries, and Regions
- Environment
- Social
- Governance
- Report/Index