CSR Initiatives, External Evaluations, and Partnerships

The Kyushu Financial Group (KFG) actively participates in domestic and international initiatives aimed at creating sustainable societies. We also use external evaluations and stakeholder partnerships to improve our efforts to achieve UN Sustainable Development Goals (SDGs) and our environmental, social, and governance (ESG) initiatives.

Participation in and Endorsement of Initiatives



The SDGs are international goals for 2016 to 2030 set out in the 2030 Agenda for Sustainable Development adopted at a UN Summit held in September 2015. They comprise 17 goals and 169 targets for creating a sustainable world where poverty, inequality, disparities, and climate change and their effects are reduced. KFG endorses the aims of the SDGs, participates in the SDGs for Regional Revitalization Public-Private Partnership Platform, and will continue its efforts to achieve the SDGs.

Task Force on Climate-related Financial Disclosures (TCFD)


TCFD is a private-sector-led task force established by the Financial Stability Board to enhance corporate financial disclosures relating to climate change. Its final recommendations, announced in June 2017, aim to support enterprises disclosing information on climate change risks and opportunities and stabilize financial markets by facilitating a smooth transition to a low-carbon society. KFG discloses and disseminates information in accordance with TCFD recommendations. We will also strengthen our efforts to address climate-related risks in order to contribute to the creation of sustainable societies brought about by a virtuous cycle of environmental and economic activities.

Principles for Financial Action towards a Sustainable Society (Principles for Financial Action for the 21st Century)

Principles for Financial Action for the 21st Century

This is a code of conduct for financial institutions wishing to fulfill roles and responsibilities required to shape a sustainable society. KFG conducts its business operations in accordance with these principles.

Japan Business and Biodiversity Partnership

Japan Business and Biodiversity Partnership

This partnership was jointly established by Keidanren (Japan Business Federation), the Japan Chamber of Commerce and Industry, and Keizai Doyukai (Japan Association of Corporate Executives) in 2010, and aims to promote private-sector biodiversity initiatives. KFG works to preserve biodiversity by engaging in a range of environmental preservation activities.

External Evaluations and Awards

The Higo Bank, Ltd. and The Kagoshima Bank, Ltd. certified by Ministry of Health, Labour and Welfare as business operators creating environment favorable to raising children higobankkagoshimabank

These banks have been certified by the Minister of Health, Labour and Welfare as enterprises that have formulated general business operator action plans and achieved goals set out in those plans, meriting recognition as creating an environment favorable to raising children pursuant to the Act on the Advancement of Measures to Support Raising Next-Generation Children.

Higo Bank Wins 2019 Japan Quality Award (Big Business Category) higobank

2019 Japan Quality Award

The Japan Quality Award system was established by the Japan Productivity Center in December 1995 to recognize companies with excellent management systems capable of operating the entire business from a customer perspective and continuing to generate new value through self-driven innovation, in order to qualitatively transform their management structures to achieve international competitiveness. Higo Bank was the only enterprise to be honored with an award in 2019, and the first award-winner in the banking industry.

  • KFG recognized with 3-star rating in the third Nikkei Smart Work Management Survey (November 2019)
    KFG was recognized with a 3-star rating in the third Nikkei Smart Work Management Survey, which selects progressive companies striving to maximize productivity through workstyle reform. Targeting listed and big privately-held companies throughout Japan, the survey has been conducted by Nikkei Inc. since 2017. It defines “smart work management” as efforts to maximize organizational performance by achieving diverse and flexible workstyles, developing systems to create new business, and honing capability to open up markets, and also considers management fundamentals such as corporate governance before rating companies on a 5-star scale.
  • Higo Bank wins Deal of the Year prize in the seventh M&A Center Inc. Bank of the Year awards (June 2019)
    Higo Bank was awarded the Deal of the Year for contributing to the continuation and development of an enterprise struggling with succession issues in a case where it addressed business succession issues at a leading regional company.
  • Higo Bank ranked 5th in the Nikkei Dual 2019 Grand Prix for companies creating environments favorable to working parents and child-raising (May 2019)
  • Higo Bank recognized under the 2019 Certified Health and Productivity Management Organization Recognition Program (“White 500” large enterprise category) (February 2019)
    This system recognizes enterprises that consider health management for their directors and employees from a business perspective, strategically engage in health management, and implement outstanding initiatives. Higo Bank believes that the physical and mental health of its directors and employees and their families are vital to nurturing an abundance of creativity and establishing a free-spirited corporate culture where people respect one another, as set out in its corporate philosophy. On January 4, 2019, the Bank issued a Health Management Declaration.
  • Higo Bank wins award from the Cabinet Office Headquarters for Overcoming Population Decline and Vitalizing Local Economy in Japan (Hiroshi Kajiyama, Minister in charge of Regional Revitalization) (February 2018)
    The Cabinet Office Headquarters for Overcoming Population Decline and Vitalizing Local Economy in Japan considers regional revitalization initiatives undertaken by financial institutions throughout Japan and awards distinction prizes to recognize examples of successful partnership with local public bodies, etc. and pioneering initiatives. Higo Bank is the first financial institution in Kumamoto Prefecture to be recognized with such a prize.
  • Higo Bank wins Kumamoto Prefecture gender equality promotion awards
    Workplace environment award (November 2015)
    Contribution to social environment award (February 2018)
    These awards are bestowed upon business operators making proactive efforts to promote gender equality.
  • Higo Bank recognized by Kumamoto City for excellence in supporting child-raising and awarded Outstanding Company prize (January 2018)
    Through this prize system, Kumamoto City recognizes companies creating parent-friendly workplaces that enable households raising children to combine work and child-raising with peace of mind.
  • Higo Bank wins Excellence Award in second Japan Productivity Center women’s empowerment awards (February 2017)
  • Kagoshima Bank wins Kagoshima Greenhouse Gas Emission Reduction Award (February 2017)


Ministry of the Environment National Park Official Partnership Program higobankkagoshimabank

Ministry of the Environment National Park Official Partnership Program

This program is aimed at helping persons in and outside Japan to better understand natural environment preservation efforts and to vitalize areas that have national parks.
The Ministry of the Environment (MOE), companies and other organizations cooperate to publicize to the world the scenic beauty and attractions of Japanese national parks, thereby raising the number of domestic and international visitors to national parks. KFG, Higo Bank, and Kagoshima Bank are the first financial institutions in Japan to partner with MOE under the program.

Save the Forest in Japan higobankkagoshimabank

Save the Forest in Japan

Forests are essential to the lives of humans and many other creatures. They ensure clean water and bountiful rivers and oceans, mitigate disasters and global warming, and provide habitats for a diverse range of living things. They are also soothing places where people can feel at ease. We will continue working with Save the Forest Japan to inject further vigor into forest-planting activities.

The Japanese Practitioners for Banking on Values (JPBV) higobank

The Japanese Practitioners for Banking on Values (JPBV)

JPBV was launched in 2018 as a forum for learning from examples of regional finance practitioners who value relationships with customers and communities and engaging in dialogue on the nature of regional finance with a view to creating a sustainable society.
Through JPBV, we will continue to engage in effective dialogue and contribute to the creation of a sustainable society.

Keidanren 1% Club higobank

Keidanren 1% Club

This club was established by Keidanren in 1989, and its members are committed to contributing at least 1% of their recurring profits to social causes. KFG will continue to contribute to local communities.

Kagoshima Environment Partners Agreement kagoshimabank

Kagoshima Environment Partners Agreement

As part of its environmental preservation activities, Kagoshima Bank has signed the Kagoshima Environment Partners Agreement with Kagoshima Prefecture. Based on this agreement, the bank participates in a forestry project undertaken by companies nurturing the environment, which chiefly involves thinning work. By expanding the forestry project, participants will contribute to environmental preservation by enhancing the role of forests as carbon sinks as well as enhancing the many other functions they fulfill, including landslide prevention.

Yoka Boss company higobank

Yoka Boss company

The Yoka Boss initiative recognizes bosses (CEOs, etc.) who enhance their own work and lives, and support their employees in enriching their work and lives.

Iku Boss member company higobankkagoshimabank

Recognizing the need to educate bosses in an era of employee diversity, the Iku Boss network fosters bosses who actively raise awareness and change attitudes among their managers and cultivate ideal bosses for a new era.

TCFD Consortium Kyushu Financial Group, Inc.

Informed by the TCFD recommendations, this consortium discusses corporate disclosure of climate-related information and efforts by financial institutions, etc. to use disclosed information in making appropriate investment decisions, with a view to creating a virtuous cycle of environmental action and growth.

Agreement with Fukuoka Stock Exchange Kyushu Financial Group, Inc.

KFG and the Fukuoka Stock Exchange (FSE) are collaborating to more effectively promote efforts to support growth aimed at stock listings by local companies in Kyushu and Okinawa, and have concluded an agreement seeking to invigorate the regional economy (FSE and 12 major banks in Kyushu and Okinawa are parties to the agreement).

Regional tourism promotion agreement with Kumamoto and Kagoshima Prefectures higobankkagoshimabank

KFG and the two prefectural governments collaborate for the purpose of invigorating the regional economy over the medium to long term by promoting the development of tourist routes in southern Kyushu, especially Kumamoto and Kagoshima, and attracting overseas tourists.

Regional revitalization agreements higobankkagoshimabank

We have concluded partnership agreements with municipal governments aimed at cooperating in a wide range of regional revitalization efforts and contributing to regional development and human resource development while sharing ideas on regional policy issues and utilizing local resources, capabilities, etc.
Higo Bank: Kumamoto City, Aso City, Mashikimachi, Uki City, Kosamachi, Hikawacho
Kagoshima Bank: Satsumacho, Minamikyushu City, Kirishima City, Kimotsukicho, Ebino City, Ibusuki City, Izumi City

PPP agreement partner (MLIT) higobankkagoshimabank

The Ministry of Land, Infrastructure, Transport and Tourism and local companies conclude partnership agreements to increase opportunities for local public body staff and local enterprises to acquire knowledge and expertise relating to public-private partnerships and private finance initiatives. These agreements promote seminars, consulting, etc. by partner businesses.

Agreement on attracting foreign tourists (JCB, J&J Business Development Corp.) higobankkagoshimabank

Collaboration with new local electricity project in Kimotsukicho (Supported by MOE) kagoshimabank

This model construction project in Kimotsukicho, Kagoshima Prefecture, seeks to resolve a local issue (disposal of farm manure) and establish local production and consumption of energy through biomass power generation, and has been selected by MOE as an ESG regional finance promotion project. Kagoshima Bank promotes ESG finance and works to resolve various local issues.

Kagoshima Smart House Conference kagoshimabank

This conference was established to encourage the widespread construction of smart houses (dwellings utilizing renewable energy and energy-saving technologies) in Kagoshima. Kagoshima Bank will continue to support the popularization of smart houses through ESG finance.

Partnership agreements aimed at identifying and fostering next-generation venture companieshigobank

The goal of these agreements is to inject vitality into Kumamoto Prefecture by creating a start-up-friendly environment and building systems to support each step from R&D to business expansion in order to back efforts by entrepreneurs and venture companies that will lead to the creation of new growth industries, including eco-friendly industries that maximize use of Kumamoto Prefecture’s natural environment and resources.
Higo Bank: Kumamoto Prefecture, Kumamoto University, Kumamoto Industrial Federation, Leave a Nest, Co., Ltd.

Partnership agreements on regional revitalization initiativeskagoshimabank

We have concluded these agreements as part of regional revitalization efforts aimed at stimulating the local economy by fostering industries and developing human resources in Kagoshima Prefecture.
Kagoshima Bank: Kagoshima University, the International University of Kagoshima, Shigakukan University, Kagoshima Immaculate Heart University, Daiichi Institute of Technology, Kagoshima Immaculate Heart College, Kagoshima Women’s College, National Institute of Technology Kagoshima College

Comprehensive public-private collaboration agreementskagoshimabank

Under these agreements, the public and private sectors cooperate to support regional economy revitalization and promotion of industry.
Kagoshima Bank: Hioki City, Satsumasendai City, Minamisatsuma City, Tarumizu City, Kanoya City

World Natural Heritage Site Promotion Associationkagoshimabank

This association was established in August 2019 to work towards the listing of Amami Oshima and Tokunoshima as World Heritage sites, and environmental preservation and regional promotion activities in the Amami Islands. It aims to balance preservation of the natural environment with responsible use of the islands and create a sustainable local community through regional revitalization.

Agreements on utilization of infrastructure resources to promote tourismhigobank

  • Industry Promotion Bureau
  • Kyushu Electric Power Co., Inc.
  • Kumamoto DMC Co., Ltd.

Cooperative agreements on utilization of historic buildings, etc. higobank

  • Hitoyoshi City
  • Kosamachi

Agreement on utilization of disaster response wellshigobank


Cooperative agreements to expand exports of local agricultural, forestry, and fisheries products to Asiahigobank

  • Kumamoto Prefecture
  • Yamato Transport Co., Ltd.

Cooperative agreements to expand distribution channels and promote tourismkagoshimabank

(Kagoshima Prefecture, KAFF Council, Yamato Transport Co., Ltd., All Nippon Airways Co., Ltd. [ANA])

Alliance on promotion of projects to utilize vacant houseskagoshimabank

As of October 9, 2019