Norinchukin Bank

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Created on: Jun 27 2017 Last update: Nov 3 2020

About Norinchukin Bank The Norinchukin Bank (also known as Nochu Bank) is a Japanese bank, headquartered in . It was founded in 1923 by the Japanese government to support its agricultural industry. It provides funding for agricultural, fishing and forestry . The bank is also one of Japan’s largest institutional investors and invests in bonds, securitisation products, stocks, private equity and real estate, also through its overseas branches in New York, and . The Norinchukin Bank adopted the Equator Principles in 2017, and is profiled as part of BankTrack's Tracking the Equator Principles campaign.

Website https://www.nochubank.or.jp/en/

Headquarters 13-2, Yurakucho 1-chome, Chiyoda-ku 100-8420 Tokyo Japan

CEO/chair Kazuto Oku President and CEO

Supervisor Financial Service Agency (Japan)

Annual Annual report 2020 reports CSR report 2020

Ownership The Norinchukin Bank is owned by its members: Japanese agricultural cooperatives, Japanese fishery cooperatives, Japanese forestry cooperatives, and related federations, as well as other agricultural, fishery and forestry cooperative organisations that have invested in the bank.

Complaints and grievances

Sustainability

Voluntary standards Norinchukin Bank has committed itself to the following voluntary standards: Business for Social Responsibility Carbon Disclosure Project Equator Principles Global Reporting Initiative Principles for Responsible Investment (PRI) Task Force on Climate-related Financial Disclosures United Nations Global Compact

Investment policies The Norinchukin Bank's web page on corporate social responsibility can be accessed here.

Environmental policy Oct 28 2019 | Norinchukin Bank

Human rights policy Oct 28 2019 | Norinchukin Bank UK Modern Slavery Act 2015 Transparency Statement May 31 2018 | Norinchukin Bank

Code of Ethics Jul 10 2017 | Norinchukin Bank

BankTrack campaigns and Norinchukin Bank

Equator Principles

Implementation and reporting The Equator Principles require that adopting banks publicly report on the implementation of the principles. You can find the reporting requirements for EPFIs here.

Contact and complaints The Equator Principles currently lack a formal complaints mechanism. Should you have any concerns or complaints about how the Equator Principles are being applied in a specific project in which Norinchukin Bank is also involved, please get in touch with our Equator Principles team.

Equator Principles Dodgy Deals BankTrack is monitoring the following Equator Principles projects that are co-financed by Norinchukin Bank -note that some files may be on record, no longer updated-:

Projects

Batang Coal Power Project Indonesia Coal Electric Power Generation on record

Tanjung Jati-B 2 (TJB2) coal power plant Indonesia Coal Electric Power Generation on record Good moves

Related Dodgy Deals

Norinchukin Bank has been linked to the following "Dodgy Deals", e.g. as a current or past financier or through an expression of interest. Find out more about dodgy deals here. See the project or company profile for more details on the nature of the bank's link to the Dodgy Deal.

Projects

There are no projects active for Norinchukin Bank now. Batang Coal Power Project Indonesia on record Coal Electric Power Generation

Tanjung Jati-B 2 (TJB2) coal power plant Indonesia on record Coal Electric Power Generation

Companies

Adaro Energy Indonesia active Coal Electric Power Generation | Coal Mining