SBI Shinsei Bank Group revised its fundamental policy on sustainability management, the “Group Sustainability Management Policy,” in January 2024, and redefined its sustainability management as follows:
<SBI Shinsei Bank Group’s Sustainability Management>
Aiming for a virtuous cycle between “long-term contribution to the environment, society, and customers through our business” and “sustainable growth of our group”
As a comprehensive financial group, utilizing the functions and know-how unique to us, we sincerely address environmental and social issues and create positive impacts on society, through our own efforts and support for our customers, aiming to continue to enhance the corporate value of our group. In addition, the success and growth of our employees are essential for this virtuous cycle. We emphasize the improvement of human resource value and promote creation of a sought-after organization for both current and future employees.
At our group, we have already been working on several initiatives as financial functions, such as sustainable finance, transition finance, sustainability deposits, and energy-saving housing (net Zero Energy House) funds. We have also been working on financial education and strengthening of our governance. In order to further promote sustainability management by effectively combining these initiatives, we value the following three points:
1. Create new businesses with flexible mind set and ideas without being bound by precedent
Sustainability initiatives are opportunities to create new businesses and innovations. It is important to think broadly with flexible mind set and ideas that are not bound by precedent. Therefore, we will work in collaboration with others, not just on our own.
2. Be aware of the common significance and benefits with our stakeholders
In order for value creation through each initiative, it is necessary to always be aware of the common significance and benefits with our stakeholders. In particular, our unique partners in our group’s initiatives are regional financial institutions. Working with regional financial institutions, which are the core of the regional economy, is one of the important activities in contributing sustainability.
3. Ensuring sustainability of our activities
Over what time frame will the value of the initiative be created? While considering the environment and society, and responding to the needs of our customers, we continue to consider whether the activity enhances the corporate value of our group and whether the activity is sustainable.
“Public benefit leads to private benefit” - The philosophy of SBI Group since its establishment is in line with the concept of our sustainability management. As the core banking group of the SBI Group, we consider solving environmental and social issues as one of the most important management issues and actively promote sustainability management. Looking ahead five to ten years, we aim to be a comprehensive financial group that is trusted, needed, and growing by society, through realizing a virtuous cycle between “long-term contribution to the environment, society, and customers through business” and “sustainable growth of our group.”
February 2024
Chief Sustainability Officer
Executive Officer, Head of Group Overseas Business Division
In charge of Group Corporate Planning
Yasuhiro Fujiki
