Corporate Citizenship Initiatives
Daiwa Securities Group believes that participation in volunteer programs and other community activities by employees helps broaden their perspectives and familiarize them with different values. We consider that this, in turn, has a good influence on both their work and their lives.
Through our intranet, we provide information on volunteer opportunities for projects planned by ourselves, other businesses and NPOs/ NGOs as well as events that help educate employees and raise their awareness. We also strive to create an environment that makes it easy for employees to volunteer by setting up a recognition program, the Volunteer Award, and other incentives.
In FY2019, we introduced Volunteer Leave to create an environment that facilitates participation in volunteer activities.
Initiatives to Promote Volunteer Activities
President's Awards program
Daiwa Securities has the President's Awards program to recognize outstanding achievements by employees. As part of the program, we introduced the Volunteer Award in FY2007, which is given twice a year to employees and groups involved in volunteer initiatives and activities that provide ongoing support to communities.
Dissemination of Information through the Internal Network
The Daiwa Securities Group introduces the best practice in such volunteer work, through our in-house magazine and internal TV programs.
The Daiwa Securities Group has been running the following collection drives as initiatives that are easy for employees to participate in. Collected items are donated to various NPOs and sold by them to fund their activities, including support for education, medical services and assistance to the disabled in developing countries.
- Participation in "Used Book Sale Donation for Children's Future" (donation to Children's Future Support Fund )
- Donation of unusable postcards and used stamps (donations to Japan Committee "Vaccines for the World's Children" and Live with Friends on the Earth)
- Donation of redundant calendars (donations to groups involved in disaster assistance or community support activities, which are selected each fiscal year)
Contribution made in FY2020 through collection drives (equivalent monetary value)
- Used Book Sale Donation for Children's Future : ¥37,218
- Japan Committee "Vaccines for the World's Children" : ¥113,802
- Live with Friends on the Earth : ¥105,561
Donation Activity through Food and Drink
Since the spring of 2013, Daiwa Securities Group has contributed to the TFT Program, which is organized by TABLE FOR TWO, an internationally designated NPO. This is an initiative aimed at correcting food imbalances between developing and developed countries by donating a portion of revenue from the purchase of food and drink by Group officers and employees to pay for school lunches in developing countries.
We introduced the TFT menu at the cafeteria in the head office building and the staff cafeteria in Daiwa Institute of Research and Daiwa Facilities Co., Ltd. started donating ¥1 per drink sold through the beverage vending machines installed within the Group. Moreover, points earned through the “KA-RA-DA iki-iki Project,” which is aimed at strengthening employees’ health, can now be redeemed for contributions to the TFT Program. We have thus expanded the platforms for participating in the TFT activities.
The contributions made through the TFT Program during the period of January to December 2020 were equivalent to around 77,554 school lunches in developing countries (calculated on the assumption that one meal costs ¥20).
Donation of Shareholder Reward Items
Daiwa Securities Group Inc. implements a shareholder reward program. Together with the operation of this program, we donate reward items returned to us due to the relocation of shareholders and other reasons, as well as reward items received for our shareholdings in other companies, to organizations such as designated NPOs and public interest incorporated foundations.
In FY2020, we also continued to make donations to organizations that provide food for children.
Initiatives in Japan
Participation in Project to Subtitle Video Lessons for Elementary and Junior High School Students
The Daiwa Securities Financial Institutions Division participated in the "Gengle Subtitles Project", an educational support program for elementary and junior high school students implemented by eboard, a non-profit organization. By providing easy-to-read subtitles for video lessons, this project is an initiative to ensure the proper education of more than 70,000 children who are deaf or hard of hearing or whose first language is not Japanese. A total of 17 volunteers from the Financial Institutions Division and Group companies created subtitles for lessons.
One volunteer commented, "The work is different from simply transcribing speech, and it's difficult to create subtitles that are easy to understand for deaf children and children who are not proficient in Japanese. This was an opportunity to think about the issues that can arise in educational settings."
Bringing Dreams, Joy and Excitement to Children Through Soccer
The Daiwa Securities Shizuoka Branch continues to donate, through the Social Welfare Council, tickets for Shimizu S-Pulse soccer matches to children within the prefecture in welfare facilities or receiving support from welfare organizations.
Shimizu S-Pulse is a J League soccer team that engages in charity work to bring dreams, joy, and excitement to children through soccer. In support of these efforts, the Shizuoka Branch launched this initiative five years ago. While the climate of self-restraint continues during the COVID-19 pandemic, the hope is that the soccer matches will provide an opportunity lift the mood of the children. Kota Sugiyama, formerly a midfielder for Shimizu S-Pulse, visited the Shizuoka Branch and presented a certificate of appreciation.
Initiatives Taken by the Group's Overseas Offices
Activities at the Group's London Operational Base
2020 saw Daiwa Capital Markets Europe (“DCME”) make a step change in its sustainability initiatives with the establishment of the Sustainability Oversight Group, chaired by the Head of Strategy and Executive Governance and comprising six working groups: Business Development; Regulation & Risk; Sustainability; Charity; Wellbeing and Diversity & Inclusion.
This structure has enabled better coordinate of the initiatives already in place, whilst developing a new range of initiatives aligned with the UN's Sustainable Development Goals ("SDGs") and materially increasing DCME's expertise and credentials in the sustainability space. This firm-wide approach is designed to ensure that sustainability becomes ever more deeply embedded in DCME's practices and values.
The Wellbeing Working Group
The Wellbeing Working Group aims to build a workplace environment and foster a culture that is supportive of all aspects of wellbeing. The wellbeing strategy has been developed against 7 pillars: physical, mental, social, spiritual, environmental, financial and emotional.
Recent initiatives have seen the development of a regular wellbeing newsletter that is distributed to all staff focusing on the various aspects of wellbeing, what the firm is doing to support them and resources available to them. 2020 also saw the introduction of a Wellbeing allowance to support the physical and mental wellbeing of staff. In addition, a ‘Mindfulness Network’ has been set up, and a “Coping with Covid” session hosted by a psychotherapist held. Future mindfulness sessions are being planned for the rest of the year. A team of Mental Health First Aid trained employees has been established and the firm has a target to have a suitably qualified individual in every division and branch by 2022.
The Diversity & Inclusion Working Group
The Diversity & Inclusion Working Group has been formed to assist the firm in delivering its D&I objectives. The working group researches, proposes and, where appropriate, implements and organises D&I initiatives and events, working closely with Human Resources. It is organised into four sub-groups on Gender & Family, Race & Ethnicity, LGBTQ+ and Multi-Faith. All other aspects of D&I are managed by the D&I WG as a whole.
In February 2021 the first D&I panel discussion was held to explore and create awareness around the issues that affect individuals within the financial services industry. Some of DCME’s senior stakeholders shared their own experiences of progressing within the financial services sector and the challenges they have faced. The firm also celebrated International Women’s Day on 8th March with members of the Executive team pledging their support. In June 2021, the D&I Working Group produced a guide for Pride Month with a schedule of online events and seminars being held virtually that staff could sign up to.
The Sustainability Working Group
The Sustainability Working Group aims to define and monitor measures of waste, consumption and environmental impact in the context of DCME’s business processes and develop a framework to guide the firm in lowering its environmental impact. A key objective is to measure DCME’s CO2 footprint and identify a path to net neutral, including early reduction targets.
DCME has already taken steps to reduce its carbon footprint, promoting energy efficiency, recycling and re-use. Recycling stations have been introduced throughout our premises and plastic cups removed from staff kitchens. Plastic bin bag consumption is set to reduce by 50,000 a year. The firm has ensured the most efficient operation of the building to reduce energy consumption and has switched its stationery contract to a sustainable supplier.
To help DCME adopt some environment friendly habits, the Sustainability Working Group is running a ‘Do Just 1 Thing’ campaign from 11th May to 27th August, to encourage everyone at DCME to pledge one thing they will do during the next 3 months to adopt a sustainable lifestyle. For every entry submitted, DCME will plant a tree to build a greener world.
The Charity Working Group
The Charity Working Group oversees DCME’s charitable activities. Emphasis is placed on supporting local initiatives and charities that can enhance the local community. Initiatives include support for areas in food poverty, disadvantage mentoring and gender and health equality. In the last 12 months, DCME has supported the following projects and initiatives:
- Direct financial support to Hackney Foodbank which provided 3,000 food packages to those suffering from food poverty in Hackney, London.
- Direct financial support to Hackney Cookery School to provide 6,000 food packages to those suffering from food poverty in Hackney, London.
- Direct financial support to For Jimmy (Smart Choices Charity) which funded places for 30 vulnerable children to attend a 5 week summer school to help them avoid and break away from street crime and gang violence.
- DCME employee support for the Smart Works 500 mile cycle challenge where 5 teams (25 DCME Employees) took part in the Smart Works 500 mile cycle challenge raising £4800 to support the work the charity does to support vulnerable women trying to get back into the employment market.
DCME employees taking part in the Smart Works Charity Cycle event
The Business Development Working Group
The Business Development Working Group is charged with further promoting and exploring business opportunities linked to the ESG market in all relevant business lines with an open, forward-looking, opportunistic and well-balanced mind-set.
Daiwa Securities Group and DCME have a long history of supporting the financing of social and environmental initiatives. The firm has been supporting “Green bonds” and other ESG initiatives since 2008 and has since lead managed over 50 transactions that align to the objectives of the SDGs. DCME’s Debt Capital Markets Department recently won The Environmental Finance Magazine’s Lead Manager of the Year – Social Bonds Award, selected by a panel of the world’s largest green, social and sustainability bond investors. In addition, EMEA Finance magazine awarded the team “Best ESG Bond House” recognising 2 ground-breaking ‘Social’ Samurai issues and a EUR ‘Education’ private placement bond. In a 2020 ESG scoring survey conducted by International Finance Corporation, a member of World Bank Group, Daiwa finished joint first.
The Regulation & Risk Working Group
In recognition of the rapidly developing market, supervisory environment and associated risks, a Regulation & Risk Working Group has been established to review current and emerging regulation or guidance in the context of Environmental, Social and Governance (ESG) matters. The Regulation & Risk Working Group works closely with the Business Development Working Group to advise on any implications to proposed business initiatives.
As part of the Daiwa Group, DCME promotes and distributes “Vaccine Bonds” – bonds that raise money from Japanese investors to fund immunisations for children in the World’s poorest countries. The firm is proud to work with the World Bank, the International Finance Facility for Immunisation Company (IFFIm) and the GAVI Alliance on the issue of these bonds.
DCME has also been accredited as a “London Living Wage Employer” as part of our support to eradicating poverty and reducing inequality. We continue to work with inner city charities and offer a small number of apprenticeships each year targeting disadvantaged young people. We hold regular fund raising events and support individuals participating in sponsored charity events.
There is increasing interest in DCME’s promotion of SDGs, and the firm seeks to raise awareness and keep staff members informed through regular articles in the all staff newsletter “Daiwa Digest” via the weekly intranet news, and through “Town Hall” presentations by members of DCME senior management.
Activities at the Group's New York Operational Base
Take Our Daughters and Sons to Work Day
In April 2021, Daiwa Capital Markets America, Inc. (DCMA) held an online event called “Take Our Daughters and Sons to Work Day” to enable children to learn about the company. With the increase in working from home due to the COVID-19 pandemic, children’s interest in their parents’ workplaces has risen, so an online program was created to teach the children about the DCMA’s history and finance. Innovative educational materials used illustrations and comics to enable children and adults to have fun while learning together. By introducing society, finance, and various ways of working to the children, the event served not only as an opportunity for financial education, but also as a fun chance for family contact.
Mental Health Awareness Month 2021
DCMA has designated May Mental Health Awareness Month every year since 1949 in an effort to maintain and improve the mental health of employees. In May 2020, the company conducted a 15-day mindfulness challenge. This event encouraged meditation and mindfulness during everyday activities, providing an opportunity to adjust the balance between the mind and body. In addition to meditation and mindfulness, employee health was supported through programs for yoga, exercise, and contact with nature. Many employees continue to work from home as the COVID-19 pandemic continues, and this program contributed to a change of mood and enhanced motivation of employees.
Let’s Support COVID-19 Fighters!Feeding the Frontline in NYC
DCMA donated a total of $16,000 to the “Let’s Support COVID-19 Fighters!” a program that provides meals to frontline healthcare workers combatting COVID-19. Two donations were made, in May 2020 and January 2021. The project was launched in May 2020 with the hope of providing a moment of peace and relaxation to those who are working under extremely demanding conditions. As of the end of May 2021, a total of 9,490 meals had been provided. Japanese-style boxed lunches are popular in New York City, and many recipients expressed their pleasure and gratitude. The considerable social contributions of this project were recognized, and a commendation was received from the Consulate General of Japan in New York. DCMA remains committed to supporting activities that lead to social contribution.
Activities at the Group’s Singapore Operational Base
Daiwa Capital Markets Singapore Limited (“DSL”) conducts various activities that proactively support promotion of SDGs. For example, dozens of DSL staff participated in a volunteer sewing activity sponsored by a charity. They effectively utilized resources by creating pocket tissue pouches at the office, using cloth from used clothing, during lunch time and other occasions and donating the completed pouches. Moreover, DSL has also set up a space for collecting used clothing, unopened food products, and other items within the office and has continued to use resources effectively. These initiatives have helped to promote a deeply-rooted sense of ownership among employees.
(These activities were suspended in FY2020 due to effects of the spread of COVID-19.)
Activities at the Group's South Korea Operational Base
Participation in Eco-Bag Production
Daiwa Securities Capital Markets Korea (“Daiwa Korea”) participated in a project for production of eco-bags for needy children in developing countries, one of the support programs of the World Education Cultural Association (WECA), a local NGO. As the COVID-19 pandemic became protracted, for this program, in which participation from home is possible, participants purchased eco-bag production kits, colored them however they wished, and filled the completed bags with daily necessities, medicines, and other goods for provision to children in developing countries.
Daiwa Korea also makes monthly donations to Korea Food for the Hungry International, an NGO that supports children in needy families around the world to support the development of a harmonious society.
Interest in ESG and the SDGs has been rising in South Korea in recent years, and in accordance with a request from a Korean governmental agency, Daiwa Korea has provided special reports on the current status of ESG-related investment by public pension funds in Japan and other major countries.
The Korean government has recently been making strong calls throughout society to achieve a proper work-life balance, and Daiwa Korea has been making the following efforts in response: (1) encouraging proactive participation in social service activities (investigating and providing information on social contribution activity programs and granting compensatory leave to employees who participate in weekend activities); (2) creating comfortable work environments for women (improvement of welfare programs at each stage of pregnancy, childbirth, and child rearing, allowing adjustment of working hours and providing time to visit doctors for pregnant employees, setting up a nursing room and providing time for nursing at the discretion of the department head); and (3) encouraging employees to leave the office on time and take their annual paid leave to achieve work-life balance, and enhancing the welfare benefit system (subsidizing employees' self-development expenses, such as for studying languages, and expenses for promoting and maintaining health). In addition, Daiwa Korea is working to ensure the safety of its employees and sustain its business by establishing a work-from-home environment and will continue its CSR activities, such as granting paid leave after getting a COVID-19 vaccination, so that it can make further contributions to society in Korea by responding positively to demands made by society on companies.
Daiwa Securities Group engages in collaborative programs as part of our efforts to create an environment where our employees find it easy to participate in volunteer activities.
Daiwa Securities Group is a member of an organization for volunteer activities, based in the Chiyoda ward of Tokyo, comprised of 17 companies and one body that works on initiatives contributing to communities together with other members.
Since 2009, we have joined the Chiyoda Volunteer Club, a free-of-charge membership program operated by Chiyoda Volunteer Center. Club members receive information on volunteer activities within the Chiyoda ward every month through an e-mail newsletter. The system of the club is simple and convenient encouraging our employees to participate in volunteer work under this program.
Forest Preservation Activities
Daiwa Securities Group has continued to conduct hands-on programs for experiencing the importance of maintenance and preservation of forests, which account for two thirds of Japan’s total area.
Hands-on Forest Experience in Sayama Hills
The Group provided employees and their families with a forest preservation experience for 10 years from 2005 to 2014 at Mount Takao (Hachioji City, Tokyo). We changed the place of activity to Sayama Hills in Tokorozawa City, Saitama from FY2015 and have been conducting a program aimed at community village preservation activities.
Hands-on Forest Experience in Mount Takao
The program was implemented at Mount Takao (Hachioji City, Tokyo) for 10 years from 2005 to 2014. It involves thinning out trees in the first year and carrying out maintenance work for pathways in the second year, using lumber from the thinning work. The program attracted around 30 participants each year as a program in which both parents and children (elementary school children or older) can participate.
Food Culture Exchange with Daiwa Scholars
Together with the Daiwa Anglo-Japanese Foundation, the Group holds a food culture exchange event between Group employees and Scholars coming to Japan in September each year. The event is held for the purpose of cultural exchange between Japan and the United Kingdom. Through a cooking experience, we introduce washoku (Japanese cuisine), which has been added to the UNESCO Intangible Cultural Heritage list and is loved across the world.
Holding of Events with Sign Language and Simultaneous Captioning
Daiwa Securities Group has provided sign language classes for beginners to increase understanding and use of sign language. On July 7, 2011, to celebrate the 10th anniversary of the classes, we held an event that could be participated in together with people with a hearing impairment. The sign language classes have ended, but we have continued to hold events using sign language and simultaneous captioning on an irregular basis.