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SASB INDEX

In 2020, the Resona Group adopted an information disclosure approach as stipulated under recommended standards issued by the U.S.-based Sustainability Accounting Standards Board (SASB).
Based on this approach and in accordance with the SASB’s industry classification, the Resona Group hereby discloses certain items defined under the categories of Asset Management & Custody Activities, Commercial Banks, and Mortgage Finance in light of their particular relevance to designated business areas. We will strive to further enhance the content of information disclosure.

Industry is distinguished by following abbreviations: AC=Asset Management & Custody Activities, CB=Commercial Banks, CF=Consumer Finance, MF=Mortgage Finance

Social Capital

Data Security

Accounting Metric Description of approach to identifying and addressing data security risks
Category Discussion and Analysis
Unit of measure
Code FN-CB-230a.2 / FN-CF-230a.3
Response

In line with its Cyber Security Management Declaration, the Resona Group aims to strengthen its cyber security measures under top management’s initiative and thereby counter cyber threats that have become ever more serious and sophisticated. Furthermore, the Group strives to address risks arising from cyber vulnerability and, to this end, based on its Personal Information Protection Declaration, it regularly reviews, updates and improves its policies, organizational structure and rules aimed at ensuring the proper handling of information as well as initiatives aimed at ensuring the reliable protection of information.

Please see below for details.

Declaration of Cyber Security Management

Financial Inclusion & Capacity Building

Accounting Metric (1) Number and (2) amount of loans outstanding qualified to programs designed to promote small business and community development
Category Quantitative
Unit of measure Millions of yen
Code FN-CB-240a.1
Response

Since the definition of "programs designed to promote small business and community development" in SASB is based on laws and regulations in the United States, we disclose alternative information based on the laws and regulations in Japan.
Loans outstanding to Small to Medium Enterprises and consumers (SMEs) as of March 31, 2020 is as follows : Resona Bank : 16,739,447 million yen / Saitama Resona Bank : 6,314,841 million yen/Kansai Mirai Bank : 6,037,008 million yen / The Minato Bank : 2,208,576 million yen SMEs are companies with capital of 300 million yen (in the case of wholesale business 100 million yen, retail, restaurant, goods leasing business, etc. 50 million yen) or less, or regular employees of 300 people (in the case of wholesale, goods leasing business, etc. 100, retail, restaurant business, etc. 50) or less.

Accounting Metric Number of participants in financial literacy initiatives for unbanked, underbanked, or underserved customers
Category Quantitative
Unit of measure Number
Code FN-CB-240a.4
Response

Since the definition of "unbanked, underbanked, or underserved customers" in SASB is based on laws and regulations in the United States, we disclose alternative information based on the laws and regulation in Japan.
The Resona Group offers education on finance and economics for elementary, junior high and high school students who will lead the next generation and enjoy learning about "money."
Number of participants during fiscal year 2019 : 4,893

Please see below for details.

Education on Finance and Economics

Selling Practices

Accounting Metric Approval rate for (1) credit and (2) pre-paid products for applicants with FICO scores above and below 660
Category Quantitative
Unit of measure
Code FN-CF-270a.2
Response The index which SASB recommends for disclosure takes into consideration the laws and regulations of the United States and we believe that it does not adapt to the report under the current system in Japan.
Accounting Metric (1) Average fees from add-on products, (2) average APR, (3) average age of accounts, (4) average number of trade lines, and (5) average annual fees for pre-paid products, for customers with FICO scores above and below 660
Category Quantitative
Unit of measure
Code FN-CF-270a.3
Response The index which SASB recommends for disclosure takes into consideration the laws and regulations of the United States and we believe that it does not adapt to the report under the current system in Japan.

Lending Practices

Accounting Metric (1) Number and (2) value of residential mortgages of the following types : (a) Hybrid or Option Adjustable-rate Mortgages(ARM), (b) Prepayment Penalty, (c) Higher Rate, (d) Total, by FICO scores above and below 660
Category Quantitative
Unit of measure
Code FN-MF-270a.1
Response The index which SASB recommends for disclosure takes into consideration the laws and regulations of the United States and we believe that it does not adapt to the report under the current system in Japan.
Accounting Metric (1) Number and (2) value of (a) residential mortgages modifications, (b) foreclosures, and (c) short sales or deeds in lieu of foreclosure, by FICO scoers above and below 660
Category Quantitative
Unit of measure
Code FN-MF-270a.2
Response The index which SASB recommends for disclosure takes into consideration the laws and regulations of the United States and we believe that it does not adapt to the report under the current system in Japan.

Discriminatory Lending

Accounting Metric (1) Number, (2) value, and (3) weighted average Loan-to-Value (LTV) ratio of mortgages issued to (a) minority and (b) all other borrowers, by FICO scores above and below 660
Category Quantitative
Unit of measure
Code FN-MF-270b.1
Response The index which SASB recommends for disclosure takes into consideration the laws and regulations of the United States and we believe that it does not adapt to the report under the current system in Japan.

Human Capital

Employee Diversity & Inclusion

Accounting Metric Percentage of gender and racial / ethnic group representation for (1) executive management, (2) non-executive management, (3) professionals, and (4) all other employees
Category Quantitative
Unit of measure
Code FN-AC-330a.1
Response

The Resona Group is promoting diversity & inclusion to achieve value creation supported by diverse employees who strive to understand each other’s differences in ways of thinking, respect and inspire one another and proactively incorporate new ideas from their peers. To this end, the Group has introduced a variety of programs aimed at helping women achieve career success and encouraging employees to embrace diverse working styles. As a result, the ratio of female officers in the overall number of officers at Resona Holdings amounts to 20.0% (as of June 2020). Moreover, the ratio of women in the total headcount is 47.1% for Group banks (Resona Bank, Saitama Resona Bank, Kansai Mirai Bank and Minato Bank/as of March 2020). In addition, the ratio of female line managers is 30.4% for Resona Bank and Saitama Resona Bank (as of April 2020). As of March 2020, the ratio of people with disabilities in the Group’s workforce is 2.24%.

Please see below for details.

Diversity & Inclusion

ESG Data

Business Model & Innovation

Incorporation of ESG Factors in Investment Management & Advisory

Accounting Metric Description of approach to incorporation of environmental, social, and governance (ESG) factors in investment and/or wealth management processes and strategies
Category Discussion and Analysis
Unit of measure
Code FN-AC-410a.2
Response

In line with its “Responsible Investment Policy,” the Resona Group undertakes, in the course of managing trust assets, the close assessment and analysis of investees’ non-financial performance, including their response to ESG issues, in addition to assessing their financial performance. By doing so, the Group encourages investees to work to improve their corporate value and achieve sustainable corporate growth on a medium- to long-term basis.

Please see Chapter 1 (Pages 4 to 9) of “Stewardship Report 2019/2020” for details.
Stewardship Report 2019/2020 (PDF:4.30MB)

Accounting Metric Description of proxy voting and investee engagement policies and procedures
Category Discussion and Analysis
Unit of measure
Code FN-AC-410a.3
Response

The Resona Group is aware of its responsibilities with regard to the improvement of investees’ corporate governance as well as the profound impact its investment activities can have on the environment and society as a whole. The Group also recognizes that these changes in the environment and society will affect investment performance.
Taking the aforementioned factors into account, the Group has established the Global Governance Principles, which aim to provide standards for the exercise of voting rights associated with domestic and overseas stocks.

Please see Chapters 2 through 6 (pages 10 to 53) of “Stewardship Report 2019/2020” for details.
Stewardship Report 2019/2020 (PDF:4.30MB)

Incorporation of ESG Factors in Investment Banking & Brokerage Activities

Accounting Metric Commercial and industrial credit exposure, by industry
Category Quantitative
Unit of measure Millions of yen
Code FN-CB-410a.1
Response

For the information on the Resona Group's breakdown of credit risk exposures by industry, please refer to the report included in the following PDF "Credit Risk Exposure at Fiscal Year-End: By Region, By Industry, Including Claims Past Due Three Months or More, or Default: By Residual Contractual Maturity" as of March 31, 2020.

Status of Capital Adequacy/Basel Data Section (P8) (PDF:451KB)

Accounting Metric Description of approach to incorporation of environmental, social, and governance (ESG) factors in credit analysis
Category Discussion and Analysis
Unit of measure
Code FN-CB-410a.2
Response

In line with “Our Fundamental Stance of Loan Business,” the Resona Group aims to contribute to the creation of a sustainable society, and, to this end is proactively assisting customers in their efforts to tackle social and environmental issues via the development and provision of products and services designed to help them address social and environmental concerns.
The Group also maintains a structure and procedures aimed at properly assessing and evaluating the environmental impact of large projects and environmental initiatives undertaken by customers.

Please see below for details.
Initiatives for Socially Responsible Investing and Lending

Leadership & Governance

Business Ethics

Accounting Metric Description of whistleblower policies and procedures
Category Discussion and Analysis
Unit of measure
Code FN-AC-510a.2 / FN-CB-510a.2
Response

The Resona Group maintains a whistleblowing system comprising both in-house and external hotlines that are accessible to all employees (including those who have resigned) and their families. The Group also prohibits the detrimental treatment of whistleblowers while taking thoroughgoing measures to ensure that the content of whistleblowing is kept secret. Furthermore, the Group is promoting the use of its whistleblowing system via posters and intranet pages designed to provide employees with the overview of the system and contacts to hotlines.

Please see below for details.
Compliance Advisory Resources

Systemic Risk Management

Accounting Metric Global Systemically Important Bank (G-SIB) score, by category
Category Quantitative
Unit of measure
Code FN-CB-550a.1
Response As of September 30, 2020, the Resona Group has not been selected as a G-SIB.
Accounting Metric Description of approach to incorporation of results of mandatory and voluntary stress tests into capital adequacy planning, long-term corporate strategy, and other business activities
Category Discussion and Analysis
Unit of measure
Code FN-CB-550a.2
Response

The Resona Group believes that in order to maintain sound and stable business operations, securing sufficient capital to cover risk is extremely important.
Based on this belief, the Group is engaged in capital management aimed at maintaining its capital adequacy ratio at a sufficient level.
In formulating management strategies, the Company clarifies the business areas in which it actively takes risks based on its social mission. Based on multifaceted and exhaustive discussions, management strategies are decided at the Board of Directors meeting of Resona Holdings, the majority of which consists of outside directors. The divisions in charge of business execution then act on such resolutions, formulating various plans associated with such matters as funding and earnings, investments and costs, staffing, risk limits, and the capital adequacy ratio.
Before each plan is finalized, these divisions also employ stress tests and other methods to establish a rationale for risk taking and the feasibility of risk control.

Please see below for details.
Capital Management

Activity Metrics

Accounting Metric (1) Number and (2) value of checking and savings accounts by segment: (a) personal and (b) small business
Category Quantitative
Unit of measure Millions of yen
Code FN-CB-000.A
Response

Since the index which SASB recommends for disclosure takes into consideration the laws and regulations of the United States, we disclose alternative quantitative data based on the laws and regulation in Japan.
Consolidated Balance Sheet Domestic Deposit (Total of group banks under Resona Holdings as of March 31, 2020) : Individual : 33,322,365 million yen / Corporate : 16,211,393 million yen

For more details please refer to "II. Loans and Bills Discounted and Other, 9. Balance of deposits and loans, <Reference> Domestic breakdown of individual, corporate and other deposits" (PII-14) of the following PDF.

Consolidated Financial Results for Fiscal Year 2019 (PDF:1.67MB)

Accounting Metric (1) Number and (2) value of loans by segment : (a) personal, (b) small business, and (c) corporate
Category Quantitative
Unit of measure Millions of yen
Code FN-CB-000.B
Response Since the index which SASB recommends for disclosure takes into consideration the laws and regulations of the United States, we disclose alternative quantitative data based on the laws and regulation in Japan. Implementation Structure
Accounting Metric (1) Number and (2) value of mortgages originated by category: (a) residential and (b) commercial
Category Quantitative
Unit of measure Millions of yen
Code FN-MF-000.A
Response

Since the index which SASB recommends for disclosure takes into consideration the laws and regulations of the United States, we disclose alternative quantitative data based on the laws and regulation in Japan.

Implementation Structure