Accelerating SDG-Oriented Management
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Accelerating SDG-Oriented Management Toward the Creation of a Sustainable Society Assist customers, mainly in the retail field to promote sustainability trans- In striving to update the Group’s business model, we help Roles to Be Fulfilled formation (SX) through its financial services customers embrace new lifestyle norms so that we can Our Vision by the Resona Group Effect a significant movement toward SX for society as a whole by support- together adapt to change. ing corporate and individual customers undertaking initiatives We aim to become the most significant contributor to cus- tomer success in SX. Our Recognition of the Business Environment and Role to Be Fulfilled by the Resona Group Overview of the Group’s Sustainability Transformation Today, our economic system is being called on to shift from an medium-sized enterprises (SMEs) make up more than 99% of “economy supported by the natural environment and society” to businesses, with their employees accounting for more than 70% Our recognition of the Resona’s an “economy supporting the natural environment and society” for of the working population. Also, more than half of the added value business environment Sustainable society Resonance sustainable growth the sake of future generations as well as the current generation. produced by domestic businesses is attributable to these SMEs. The accelerating trend toward SX This shift is becoming more imperative than ever in step with a Accordingly, for society to be sustainable, SX must be undertaken growing trend toward the creation of a sustainable society that is not only by large corporations but also by SMEs. genuinely prosperous and strengthened by a spirit of mutual sup- As Japan’s largest retail/commercial banking group with full-line Our role Achieve our vision port. To properly adapt to this major structural change, business- trust banking capabilities, the Resona Group is clearly aware of its es are being challenged to incorporate their responses to role and determined to assist its customers, mainly in the retail environmental and social issues into their business strategies and field to promote sustainability transformation (SX) through its Our vision align the direction and time frames of such strategies with the financial services” and “effect a significant movement toward SX New ongoing SX affecting society at large. for society as a whole by supporting corporate and individual cus- Local communities’ sustainability transformation Commitment (RSC2030) Long-Term Sustainability Targets Looking at the structure of Japan’s industrial sector, small and tomers undertaking initiatives.” Our Vision and Long-Term Sustainability Targets In line with its management vision, the Group is simultaneously FY2030 set as the target year. These Sustainability Targets are Sustainability Activities to Accelerate Efforts Customers’ sustainability transformation pursuing the creation of a sustainable society and sustainable built on the “Resona Sustainability Challenge 2030” (RSC2030), Address ESG issues, including carbon neutrality corporate growth, ensuring “resonance” between these two which was announced in November 2018 with the intention of Work together with customers to Corporate Utilize their strengths and otherwise execute endeavors. This means that, in striving to update the Group’s clarifying the direction of its business strategies. 1 assess risks and opportunities aris- customers business operations in a way that helps resolve business model, we are also helping customers embrace new life- Although these are challenging targets, our primary objective is ing from SX and deliver solutions environmental and social concerns style norms so that we can together adapt to change. In this not merely the achievement of numerical targets. Rather, we aim regard, we also aim to become the most significant contributor to to rally the strength of the entire Group in line with a shared com- Adopt lifestyles that give due consideration to Achieve carbon 3 Create diverse value customer success in SX. mitment to moving forward in the same direction in the same time 2 environmental and social concerns in both con- neutrality at the earliest by empowering women Individual sumption and residential choices To realize this vision, in June 2021 the Resona Group formulat- frame in our effort to achieve SX. To this end, we will maintain customers possible date to achieve success Ensure robust preparedness against future anx- ed Long-Term Sustainability Targets covering three categories as in-depth dialogue with customers and strive to overcome chal- iety regarding economic or social crisis the first step in defining the time frame of its SX initiatives, with lenges one by one, thereby realizing our vision. Resona Sustainability Challenge 2030 (RSC2030) Long-Term Sustainability Targets The Resona Group’s Sustainability Solutions Priority Themes Financing Four Group banks Resona Asset Management Local Communities Investment and financing aimed at supporting SX efforts Development and provision of asset management ESG investment (Revitalization of Local Economies) 11. Retail Transition Financing Target undertaken by customers and local communities products related to ESG and SDGs Consulting Low Birthrate and Aging Society Resona Research Institute Four Group banks (Elimination of Anxiety Triggered by Consulting for business response to SDGs Consulting for carbon neutrality SDG-related business seminars and Business matching service Low Birthrate and Aging Society) 2. Carbon Neutrality Target 2 Consulting for supply chain risk mitigation business negotiation meetings Staffing agency service Other Solutions for Addressing Social Issues Environment (Response to Global Warming Four Group banks 3. Targets for the Empowerment and and Climate Change) 3 Financial and economic education SDG-related business incubation Digitalized and cashless operations Assist government-private collabora- Promotion of Women Provide asset formation assistance products Provide digital platform adoption assistance tion projects Provide digital banking services Assist business succession assistance Human Rights (Diversity & Inclusion) Asset Management Products For more details, please also refer to pages 38 to 40. Resona Asset Management Four Group banks 36 Resona Group Integrated Report 2021 Resona Group Integrated Report 2021 37 Accelerating SDG-Oriented Management 2 Carbon Neutrality Target Contribution to Carbon Neutrality and the Popularization of 1 Retail Transition Financing Target In-Depth Customer Engagement and Enhanced Solutions Renewable Energy in the Regional Communities in Which We Operate 1 Reduce CO2 emissions attributable to energy used by the Group to net zero Cumulative total of transition financing from FY2021 to FY2030:¥ 10 trillion by the end of FY2030 via the proactive switchover to renewable energy Low Birthrate and Human Rights Priority Themes Local Communities Environment Priority Theme Environment Aging Society (Diversity & Inclusion) As Japan’s national target of achieving carbon neutrality by the end of As a member of society, the Resona Group will strive for the earlier Financing Financing aimed at helping retail customers update their awareness, transform their modes of behavior and stably move forward from their current situation. 2050 requires across-the-board efforts involving both the private and realization of carbon neutrality in terms of emissions attributable to its Coverage (Including financing for such green projects as renewable energy generation, as well as large corporate financing involving third-party verification) public sectors, it is expected that in regions nationwide, businesses operations, with the intention of contributing to the realization of car- and municipalities will act in close collaboration to help achieve this bon neutrality and the popularization of renewable energy in the Through supply chains, our retail customers are being affected by corporations and retail customers, while Resona Asset Management, target in accordance with the May 2021 enforcement of the revised regional communities in which it operates. spillover from the efforts of large corporations striving to accelerate SX a subsidiary functioning as an institutional investor and undertaking Act on Promotion of Global Warming Countermeasures. initiatives like the pursuit of carbon neutrality. Also, the status of sus- stewardship initiatives for many years, lends specialist strength to the tainability efforts undertaken by SMEs and the management resources Group. Drawing on these business assets, we will strive to engage in Volume of CO2 Emissions from the Resona Group’s Operations they can afford to allocate to such efforts vary greatly by company. in-depth dialogue with retail customers with regard to the possible Accordingly, we recognize that our solution lineup must be diverse risks and opportunities they are exposed to due to the accelerating 2 CO2 emissions volume Breakdown of FY2020 emissions (provisional) and capable of assisting each SME seeking to push ahead with sus- trend toward SX. In these ways, we will step up the provision of solu- (t-CO2) tainability initiatives according to their current situation. tions designed to help these customers stably move forward toward 92,991 SCOPE 1 5,428 The Resona Group maintains robust transactions with both large the resolution of issues they are currently confronting. 83,090 83,378 82,855 73,777 72,006 66,266 Step up the provision of diverse SX solutions designed in light of the varying needs of