In March of 2019, Sumitomo Mitsui Trust Bank began offering the world’s first Positive Impact Finance (PIF) loan agreement, as a loan for business companies with no restrictions on the use of funds, based on the Principles for Positive Impact Finance advocated by the United Nations Environment Programme Finance Initiative (UNEP FI).

PIF is a finance initiative which comprehensively analyzes and evaluates the impacts (both positive and negative) which a company’s activities have on the economy, society, and the environment. In PIF, targets are set in regard to alleviating negative impacts while maximizing positive ones and focus is placed upon continuous engagement in order to ensure the realization of these targets. The product concept and other features of PIF have been highly evaluated, and in February of 2020, Sumitomo Mitsui Trust Bank’s PIF received the Gold Prize in the Finance Category of the Minister of the Environment’s first annual ESG Finance Awards Japan.

Since the first PIF loan agreement in March 2019, Sumitomo Mitsui Trust Bank has engaged in a total of 28 PIF loan agreements as of May 31, 2022.

Former President Ohkubo and Former Environment Minister Mr. Koizumi

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