1. Introduction
Daiwa Securities Group is developing climate-related disclosure to realize a carbon-neutral society. This website provides information on Governance, Strategy, Risk Management, and Metrics and Targets in reference to the Task Force on Climate-related Financial Disclosures (TCFD) and IFRS S1 and S2, published by the International Sustainability Standards Board (ISSB) under the IFRS Foundation in June 2023.
(1) Our History
We support various climate-related initiatives and is advancing our efforts. We were among the first domestic securities companies to support the TCFD in 2018, and since then, we have been issuing climate-related disclosure annually.
(2) Our Approach to Climate Change
① Management Vision and Materiality
In May 2021, we formulated the Vision 2030, outlining what kind of company we want to be by 2030. In 2024, we updated this Vision as circumstances changed. In the Vision, we position Green & Social as a key materiality and promote sustainable finance.
Also, we set sustainability KPIs as part of the Medium-Term Management Plan, "Passion for the Best" 2026, to measure progress toward the Vision. These KPIs are monitored by Sustainability Managers and reported to the Sustainability Promotion Committee and the Board of Directors.
② Environmental Vision, Environmental Principles and Basic Environmental Policies
In order to combat environmental issues and respond to climate-related risks, we published the Environmental Vision, the Environmental Principles, and the Basic Environmental Policies in May 2012.
Environmental Vision, Environmental Principles and Basic Environmental Policies
Environmental Vision
The Group is dedicated to protecting the precious global environment and preserving it for future generations by leveraging financial capabilities.
Environmental Principles
The Group recognizes the importance of environmental principles such as the effort to combat global warming, recycling, and reuse of raw materials, and preserving biodiversity, in order to create a sustainable society for the 21st century. The Group pledges to contribute to solving environmental issues through its business as a financial services company and, to constantly seek new ways to reduce its environmental impact as a responsible corporate citizen.
Basic Environmental Policies
- 1.Make positive environmental contributions through our core business activities
We shall seek to develop and provide financial products and services that promote a low-carbon recycling-oriented, and symbiotic society. - 2.Implement an environmental management system
We shall implement an environmental management system and constantly seek new ways to improve environmental activities. In addition, we shall support environmental education and publicity efforts, while promoting environmental protection efforts by employees. - 3.Take steps to save natural resources, reduce energy consumption, and promote biodiversity system
We shall continue to progress in our efforts to reduce the use of natural resources and energy, and seek ways to improve materials and energy efficiency (including efforts to improve business efficiency). We shall also take steps to reduce water use and reduce, reuse, and recycle other materials to contribute to a more environmentally friendly society. Furthermore, considering the importance of biodiversity, we shall seek a symbiotic relationship with the environment and use safe, clean methods of materials procurement. - 4.Promote environmental communication
Working in concert with business partners, the local community, NGOs and NPOs, we shall actively disseminate information about environmental issues, and communicate our concern for the environment to customers and society at large. - 5.Strictly observe environmental regulations
We shall always endeavor in environmental preservation, observing environmental laws and regulations in addition to the Group's environmental policies.
③ The Daiwa Securities Group Net Zero Carbon Declaration
We recognize the importance and urgency of climate change, one of the most serious issues facing the world. To that end, we formulated the Daiwa Securities Group Net Zero Carbon Declaration to achieve a carbon-neutral society as early as possible.
In this declaration, we commit to achieving net zero GHG emissions within our own operations* by FY2030 (Scope1 and Scope2), and net zero GHG emissions within our investment and loan portfolios, etc. by 2050 (Scope3). In addition, we help our clients' transition and support new technologies that contribute to the realization of a carbon-neutral society through our business.
The Daiwa Securities Group Net Zero Carbon Declaration
- ①Achieve net zero greenhouse gas emissions within our own operations* by FY2030 (Scope1 and Scope2)
- ②Achieve net zero greenhouse gas emissions within our investment and loan portfolios, etc. by 2050 (Scope3)
- ③Support the smooth transition to a carbon-neutral society through our business activities
- *The company's emissions will be calculated on a consolidated basis
The Daiwa Securities Group's Main Priority Areas
Sustainable finance for the delivery of a carbon-neutral society
- Promote green finance / transition finance
- Expand business investment in the renewable energy sector
- Strengthen engagement with investee firms
Support for new technologies and promote business solutions that contribute to the delivery of a carbon-neutral society
- Promote innovation (hydrogen, CCUS, etc.) and provide support for new technologies
- Expand our advisory business within the renewable energy sector
Provide investment opportunities that contribute to the delivery of a carbon-neutral society
- Expand our lineup of related products and services
- -Expand investment trusts with an environmental theme
- -Arrange SDGs bonds including green bonds
- -Promote SDGs-IPO in the environmental sector
Reduce the environmental footprint of the company
- Shift to 100% renewable energy
- Continue efficient use of energy
- Consider carbon offsetting
Set targets to align with the Paris Agreement goals and expand transparent information disclosure
- Analyze greenhouse gas emissions management methods for investment and loan portfolios
- Set intermediate targets for Scope 3 to align with the Paris Agreement goals by utilizing SBT, etc. (in FY2023)
- Ensure appropriate disclosures related to our climate change response (TCFD, etc.)
Strengthen our management system to achieve net zero carbon
- Revise and embed the Daiwa Securities Group "Environmental and Social Policy Framework"
- Embed sustainability elements into Corporate Executive Officers' compensation