First of all, please allow me to take this opportunity to express our sincere gratitude for your continued support.
Since the beginning of 2020, the worldwide COVID-19 pandemic has induced far-reaching changes in lifestyles, work styles, and the nature of work, together with a growing need for security and peace of mind in an aging society and an accelerated shift to digital technology, which were trends gaining ground prior to the COVID-19 pandemic.
Back in 2003, the SuMi TRUST Group established a Socially Responsible Fund (SRI) for our pension fund clients, and since then, we have strived to create a model for economic development ahead of its time that takes the impact of the growth to the environment and society into account. Against this backdrop, in the Medium-Term Management Plan that started in 2020, we have placed the "balanced creation of both social value and economic value," at the core of our management principles.
Through continued engagement activities with investee companies at our asset management subsidiaries and support for the implementation of sustainability management at our trust bank's business partners, we shall deepen dialogue on how we can achieve our vision by utilizing our know-how and also evaluate our efforts in providing products and services that turn this vision into reality.
In addition, last year, we defined our reason for existence (Purpose) as "to create new value with the power of trusts and let prosperous future for our clients and society bloom," to instill these initiatives within the Group. With this common purpose in mind, each and every employee is committed to meeting the expectations of our stakeholders and fulfilling our responsibility for the sustainable development of society.
We sincerely ask for your continued understanding and warm support in our endeavor to achieve our goals.