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Environment

Recognizing that achieving a low-carbon and circular society through financial services is an important mission of management, the Resona Group is addressing various issues aimed at the sustainable development of customers and local communities. To further address these issues, we have actualized our basic stance toward the environment through the Resona Group Environmental Policy and other means. Our commitment to the environment is presented below.

Resona Sustainability Challenge 2030

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Realizing low-carbon and circular society by taking action with society to reduce environmental burden such as accelerating the use of renewable energy and reducing greenhouse gas emissions.

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Realizing low-carbon and circular society by taking action with society to reduce environmental burden such as accelerating the use of renewable energy and reducing greenhouse gas emissions.

Basic Approach to the Environment

To clarify its environmental efforts, the Resona Group has formulated the Resona Group Environmental Policy as a guide for the proper conduct of corporate environmental activities. Each member of the group is working on the protection of the global environment with an awareness of what we can do as members of local societies.

Resona Group Environmental Policy

  1. 1.Observance of Environment-Related Laws and Regulations
Comply with environmental conservation related laws and regulations, in addition to other requested items that we have agreed to.
  1. 2.Environmental Preservation through Our Core Business
Develop and provide environmentally-friendly products and services to support environmental conservation activities.
  1. 3.Environmental Load Reduction in Our Offices
Work on activities that reduce usage of resources and energy with the goal of reducing our environmental impact.
  1. 4.Environmental Communication
Actively communicate environmental information inside and outside of the company, and work on environmental training and awareness activities.
  1. 5.In-House Education and Full Participation
Inform all officers and employees about this policy, and each individual officer and employee shall act while considering environmental conservation.

Environmental Load Reduction in Our Offices

Initiatives for Achieving Environmental Goals

The Resona Group has obtained ISO14001 certification* for its environmental management system. Under this system, each year the Group sets environmental goals and works to meet those goals using a Plan, Do, Check, Act cycle.

  • *Sites with ISO 14001 certification: Resona Holdings Tokyo Head Office Building, Resona Group Osaka Head Office Building, Saitama Resona Bank Head Office Building, OBP Building.

Establishment of environmental management targets

Resona Bank, Saitama Resona Bank, and Kansai Mirai Bank appoint environmental promotion leaders at each department of their head offices. Departments at each of these companies have established their own targets on environmental conservation in the areas of new product development, customer engagement, and employee education, based on which they are implementing proactive initiatives.

Mid-term CO2 emissions reduction targets

Following the establishment of Resona Sustainability Challenge 2030, in FY 2019 we formulated a new mid-term target to reduce CO2 emissions 26%* by FY 2030 compared to FY 2013 covering the entire Group, including Kansai Mirai Financial Group.

  • *Established based on Japan's mid-term target of reducing greenhouse gas emissions 26% by FY 2030 compared to FY 2013.
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  • *Scope 1 and Scope 2 CO2 emissions of the Group's banks calculated following the standards of regular reporting per Japan's Energy Saving Act.
  • *CO2 emissions from the use of fuel by company-owned vehicles are calculated simply using annual average gasoline prices for Japan and emissions figures published as annual fuel costs.

Green Purchasing and Waste Reduction

Banks use large volumes of paper in the normal course of their business activities. For this reason, the Resona Group has specified reduction in paper usage as a major theme in its environmental activities and is working to practice "green purchasing" and the reduction of waste. The Group promotes the use of environmentally friendly paper, such as paper made from forest thinning and forest certified paper, for its leaflets and posters. Also, for internal business purposes, the Group has switched to the use of recycled photocopying paper that complies with Japan's Act on Promoting Green Purchasing. Moreover, the Group uses carbon offset ink toners for printers and, to save resources and cut the volume of wastes, promotes paperless business operations and the reduction of paper usage.

Biodiversity

Basic Approach to Biodiversity

The Resona Group undertakes the following initiatives, considering preservation of biodiversity as a key topic in building a sustainable society.

  1. 1.Efforts within operations
Work to understand and reduce the impact that operations have on biodiversity, and preserve biodiversity for building a sustainable society
  1. 2.Collaboration with local communities and society
Collaborate with many stakeholders, such as local communities and society as a whole, to protect biodiversity
  1. 3.Education and promotion
Conduct education and promotion of biodiversity to employees
  1. 4.Information disclosure
Disclose efforts in protecting biodiversity as appropriate

Environmental Conservation through Our Core Business

Funds for Corporations

We have prepared various funding systems to meet the fundraising needs of businesses that undertake environmental conservation activities and install environmentally friendly equipment.

SRI Fund for Company Pensions

Resona Bank has previously established its “Global SRI” fund, which invests in ESG-friendly* foreign companies, etc., aimed for company pension funds. There are few other SRI funds that invest in foreign stocks, aimed at company pensions in Japan; thus our Global SRI provides a wider range of choices for pension investments.

  • *ESG: Abbreviation of Environmental, Social, Corporate Governance

Supporting the Creation of Environmental Real Estate in Partnership with the “Re-Seed Association

The Resona Group has signed a partnership agreement with the Ministry of Land, Infrastructure, Transport and Tourism and the “Re-Seed Association (Real Estate Sustainability & Energy-Efficiency Diffusion Association).” This partnership supports the creation of high quality real estate that is earthquake resistant and has high environmental performance, and which contributes to the revitalization of local communities.

Environmental Accounting

The Resona Group uses environmental accounting that references the Environmental Accounting Guidelines 2005 issued by the Ministry of the Environment as one of its tools for quantitatively assessing the effects of our environmental conservation activities. By quantifying the costs and effects of environmental conservation, we strive to carry out even more efficient and effective environmental activities.

Scope Resona Bank, Saitama Resona Bank, The Kinki Osaka Bank*1, Kansai Urban Banking*1, The Minato Bank
Period April 1, 2018 to March 31, 2019
Tabulation method Tabulated references the Environmental Accounting Guidelines 2005 issued by the Ministry of the Environment
Calculation method Regarding greenhouse gas emissions in environmental conservation effects, Scope 1 and Scope 2 CO2 emissions use figures tabulated following the standards of regular reporting in Japan's Energy Saving Act.

Environmental Conservation Costs(Thousand yen)

Category

Description of initiatives

FY2017
Investment *2

FY2017
Cost *2

FY2018
Investment *3

FY2018
Cost *3

  1. 1.Business area cost

243,302

271,012

320,612

298,696

  1. 2.Upstream / downstream cost

0

0

0

0

  1. 3.Administrative activity cost
Improvement and operation of environmental management

0

11,105

0

8,241

  1. 4.R&D cost

0

0

0

0

  1. 5.Social activity cost
Financial donations concerning environmental preservation activities

0

3,891

0

5,320

  1. 6.Environmental remediation cost

0

0

0

0

Total

243,302

286,008

320,612

312,257

Environmental Conservation Effects

Category

Applicable to

Unit

FY2017
Cost *2

FY2017
Cost *3 (reference)

FY2018
Cost *3

Greenhouse gas emissions

All business locations t-CO2

59,112

73,777

72,006

Usage of electric power

Head Office/centers, etc. MWh

45,344

53,580

52,527

Usage of city gas

Head Office/centers, etc. thousand m3

766

824

756

Usage of gasoline

Head Office/centers, etc. kl

88

212

194

Input of water resources/Total discharges

Head Office/centers, etc. thousand m3

171

184(*4)

183(*4)

Economic Effects from Measures for Environmental
Conservation
(Thousand yen)

Economic Effects from Measures for Environmental
Conservation
(Thousand yen)

Category

FY2017

FY2017 *3 (reference)

FY2018 *3

Reduction in energy costs with energy-saving measures

813,902

949,970

923,789

  • *1Kansai Urban Banking Corporation and The Kinki Osaka Bank merged on April 1, 2019
  • *2Resona Bank, Saitama Resona Bank, The Kinki Osaka Bank
  • *3Resona Bank, Saitama Resona Bank, The Kinki Osaka Bank, Kansai Urban Banking, The Minato Bank
  • *4Resona Bank, Saitama Resona Bank, The Kinki Osaka Bank, The Minato Bank