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Participation in Initiatives

UN Global Compact

UN Global Compact was proposed by former United Nations Secretary-General Kofi Annan and launched in July 2000. Based on the 10 principles of "human rights," "labor," "environment," and "anti-corruption," it encourages companies and organizations around the world to direct and implement these principles within their sphere of influence. Resona Holdings, Inc. signed the agreement in January 2008.
As a UN Global Compact signatory company, we submit the status of our efforts to the 10 principles once a year in light of the COP* Advanced Level standards.

  • *Abbreviation for Communication On Progress. Annual activity report from UN Global Compact signatory companies and organizations to stakeholders.

The Ten Principles of the UN Global Compact

Human Rights

Principle 1

Businesses should support and respect the protection of internationally proclaimed human rights; and

Principle 2

make sure that they are not complicit in human rights abuses.

Labor

Principle 3

Businesses should uphold the freedom of association and the effective recognition of the right to collective bargaining;

Principle 4

the elimination of all forms of forced and compulsory labor;

Principle 5

the effective abolition of child labor; and

Principle 6

the elimination of discrimination in respect of employment and occupation.

Environment

Principle 7

Businesses should support a precautionary approach to environmental challenges;

Principle 8

undertake initiatives to promote greater environmental responsibility; and

Principle 9

encourage the development and diffusion of environmentally friendly technologies.

Anti-corruption

Principle 10

Businesses should work against corruption in all its forms, including extortion and bribery.

The Ten Principles of the UN Global Compact

Principles for Responsible Investment (PRI)

Resona Asset Management*1 and Resona Bank*2 sign a report on their efforts to implement the six principles and submit it to PRI every year.
Both Resona Bank and Resona Asset Management have received the highest overall rating of "A+".

Principles for Responsible Investment (PRI)

Please refer to the following on the Resona Asset Management and Resona Bank's signatory status.

Resona Asset Management

Resona Bank

  • *1Former Resona Trust & Banking became a signatory in March 2008. This signatory was succeeded by Resona Bank and then transferred to Resona Asset Management following its establishment.
  • *2Re-signed as Resona Bank in December 2019 as a result of the above *1.

Summary of the UN Principles for Responsible Investment (PRI)

  1. 1.We will incorporate ESG issues into investment analysis and decision-making processes.
  2. 2.We will be active owners and incorporate ESG issues into our ownership policies and practices.
  3. 3.We will seek appropriate disclosure on ESG issues by the entities in which we invest.
  4. 4.We will promote acceptance and implementation of the Principles within the investment industry.
  5. 5.We will work together to enhance our effectiveness in implementing the Principles.
  6. 6.We will each report on our activities and progress towards implementing the Principles.

Principles for Responsible Investment (PRI)

Sustainable Development Goals (SDGs)

Task Force on Climate-related Financial Disclosures (TCFD)

We support the final recommendations on climate-related financial disclosures issued by the Task Force on Climate-related Financial Disclosures (TCFD) established by the Financial Stability Board. In October 2018, Resona Holdings endorsed the objectives of the TCFD recommendations and will work and improve the disclosure based on the framework.

TCFD

Task Force on Climate-related Financial Disclosures (TCFD)

Climate Action 100+

Resona Asset Management participates*3 in "Climate Action 100+", which is a climate change initiative that encourages companies around the world that emit large amounts of greenhouse gas (GHG) to take important measures in line with the goals of the Paris Agreement, and pursues engagement with investee companies.

TCFD
  • *3Participated from May 2018

Climate Action 100+

CDP

We are participating in a project in which CDP is working with institutional investors around the world to require companies to disclose their climate change strategies and information on their greenhouse gas emissions.

CDP

CDP

Women’s Empowerment Principles (WEPs)

The Women’s Empowerment Principles were jointly developed by the UN Global Compact and the United Nations Development Fund for Women (UNIFEM, currently, UN Women) in March 2010 to actively promote the advancement of women. Resona Holdings signed this principles in September 2010.

Women’s Empowerment Principles (WEPs)

30% Club Japan

Chairman of Resona Holdings, Kazuhiro Higashi*4 and President and Representative Executive Officer of Resona Holdings, Masahiro Minami*5 are member of the 30% Club Japan, which has set a target to achieve female board representation of 30% among the TOPIX100 by 2030.

  • *4Joined in May 2019
  • *5Joined in April 2020
TCFD
  • *4Joined in May 2019
  • *5Joined in April 2020

EMPOWER

EMPOWER is an alliance of private companies that was agreed at the G20 Osaka Summit in June 2019 and launched in 2020.
The objective is to increase the number of women who play a major role in the economy and accelerate empowerment.

Resona Holdings signed in October 2020.

Financial Behavior Principles for the Formation of a Sustainable Society (Principles for Financial Action for the 21st Century)

Resona Holdings, Resona Bank, Saitama Resona Bank, Kansai Mirai Bank*6 and The Minato Bank are a signatory to the "Principles for Financial Action for the 21st Century" which was established as a set of guidelines for financial institutions looking to fulfill their required responsibility and roles in building sustainable society.

>Principles for Financial Action for the 21st Century
  • *6Former Kansai Urban Banking Corporation became a signatory in January 2012, and it was succeeded by Kansai Mirai Bank after its establishment

Financial Behavior Principles for the Formation of a Sustainable Society (Principles for Financial Action for the 21st Century)