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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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).
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.
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
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.
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.
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.
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.
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
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
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.
(Kagoshima Prefecture, KAFF Council, Yamato Transport Co., Ltd., All Nippon Airways Co., Ltd. [ANA])
As of October 9, 2019