Our Group promotes efforts to realize a sustainable society in cooperation with stakeholders through joining various initiatives.

Sumitomo Mitsui Trust Asset Management is referred to “Sumitomo Mitsui Trust AM,” and Nikko Asset Management is referred to “Nikko AM.”

United Nations Global Compact

The UN Global Compact, proposed by the former UN Secretary General Kofi Annan, is comprised of ten principles about four areas: human rights, labor, the environment, and anti-corruption. Signatory companies are called on to take measures to implement it under the top commitment.

We signed it in 2005.

United Nations Environment Programme Finance Initiative (UNEP FI)

UNEP FI is an international network to propel a shift to a financial system that integrates economic development and ESG consideration.

We became a signatory in 2003.

Principles for Responsible Investment (PRI)

The PRI calls on institutional investors such as pension funds and asset managers to consider ESG when making investment decisions.

Sumitomo Mitsui Trust AM and Nikko AM signed it in 2006 and 2007, respectively.

SuMi TRUST Bank signed it when it was the Sumitomo Trust and Banking, and the signatory status was succeeded to Sumitomo Mitsui Trust AM at the partition and integration of asset managing functions on October 1, 2018. SuMi TRUST Bank became a signatory again under the name in 2019.

Principles for Responsible Banking (PRB)

The PRB has been formulated to make banking operation conform with social goals such as solving human rights and global warming issues indicated in the SDGs and the Paris Agreement on climate change.

We became a signatory at the inception of the principles in 2019.

Net-Zero Banking Alliance (NZBA)

The NZBA is an initiative of banks aiming to achieve net zero GHG emissions through investment and loan portfolios by 2050.

We signed in 2021.

Net Zero Asset Managers Initiative (NZAMI)

NZAMI is a global initiative formulated by asset managers that aim to achieve net zero GHG emissions of investee companies by 2050.

Sumitomo Mitsui Trust AM and Nikko AM became signatories in 2021.

CDP

CDP promotes investors, companies, and local governments to disclose information about their impacts on the environment. The responses to CDP questionnaire and the scores based on their actions are released, which are utilized for decision-making of investors, purchasing companies and policy makers.

Nikko AM and Sumitomo Mitsui Trust AM became signatories in 2006 and 2014, respectively.

CDPopen link in new window

Equator Principles

The Equator Principles are an international guideline for private financial institutions to secure their full consideration for the effect of the project on the natural environment and local communities when providing loans such as Project Finance.

SuMi TRUST Bank became a signatory in 2016.

Poseidon Principles

The Poseidon Principles have been formulated as an initiative of financial institutions on the climate change related risks in the shipping industry. Signatory financial institutions annually assess their GHG emissions reduction achievement for the target vessels of ship finance, and calculate and announce each bank’s contribution to the efforts to reduce GHG emissions from the whole shipping finance portfolio.

SuMi TRUST Bank signed the principles in 2020.

Japan Climate Leaders’ Partnership (JCLP)

The JCLP was established as a group of companies unique to Japan in 2009 under the recognition that the industry should start aggressive actions with a healthy sense of crisis to realize a decarbonized society.

SuMi TRUST Bank has joined it.

Principles for Financial Action towards a Sustainable Society (Principles for Financial Action for the 21st Century, PFA21)

The principles are action guidelines organized for financial institutions to carry out their roles and responsibility toward a sustainable society. Signatories shall implement the efforts based on the seven principles as much as possible in accordance with their operations.

Sumitomo Mitsui Trust AM, Nikko AM, Sumitomo Mitsui Trust Panasonic Finance, and we have supported the purpose and signed the principles.

Please refer to reports of each company to see the other initiatives that Sumitomo Mitsui Trust AM and Nikko AM have joined.

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