Going Paperless and Promoting Recycling
We are making efforts to more effectively use limited natural resources and reduce our environmental impacts to assist in the creation of a recycling-oriented society. As part of our commitment to reducing paper usage we continue to digitize prospectuses, reports, forms, and other documents.
Cutting paper use by distributing digital prospectuses and reports
Nomura Securities takes advantage of the widespread access to online services to increasingly distribute electronic prospectuses and reports to clients, thereby conserving paper and reducing waste.
This saves a lot of paper as prospectuses are mandatory for all products and contain many pages of detailed information. By the end of March 2018, clients for about 2,762,000 accounts received such documents electronically. We are also bolstering our Home Trade Service, which enables clients to check the status of transactions online. We are also continuing to expand the range of documents that are distributed electronically for our Nomura Home Trade service.
We offer Nomura Eco Discounts on account management fees and stock brokerage fees for clients who subscribe to these services.
With the consent of clients who have fund wrap accounts, from FY2017/18 we eliminated transaction reports and other documents that we used to distribute to these clients. As a result, we have reduced paper usage by 1,728,000 sheets per year.
Reducing office paper consumption
We are digitizing internal paper forms and reports through our application and approval system, which we launched in July 2008. Beginning in 2012, we provided all of our sales staff tablet devices featuring digitized sales and marketing tools to enhance the quality of our services and further reduce paper usage at the same time. We also use these devices for human resource training and internal meetings.
We are working to raise employee awareness of the amount of copy paper they use as part of our campaign to reduce paper consumption.
In FY2016/17 and FY2017/18, we introduced movable desks, Wi-Fi, laptop computers and a personal handy-phone system (PHS) in nine departments to allow employees to move around more freely in the office. We also removed wagons, drawers and other forms of storage from each employee's desk, cutting total floor storage by over 50%. By also promoting a paperless initiative, the nine departments were able to cut consumption of copy paper by an average of about 20%.
In FY2017/18, Nomura Securities used about 911 metric tons of copy paper (0.5% reduction from the previous year).
We plan to continue with our copy paper reduction initiatives and ensure that all employees are aware of the amount of copy paper they use.
Our business sites in EMEA have also committed to reducing office paper consumption. With the use of advanced MFD technology, in FY2017/18, we were able to reduce paper consumption in EMEA by on average 8%, equating to 4.25 metric tons.
We are promoting green purchasing in which we strive to minimize the environmental impact of the goods and services we purchase.
We have adopted procurement standards for paper in order to help conserve woodlands. Our office supplies request system includes designated firm's FSC or PEFC certified copy paper as environment-friendly products and we strongly encourage the use of this type of paper as opposed to other types.
We will continue to collect and disclose group-wide environmental information and strive to raise awareness of responsible procurement across the entire group.
Promoting recycling activities
The Nomura Group is deeply committed to recycling. In FY2017/18, the Nihonbashi head office of Nomura Securities recycled 100% of the copy paper used and the waste recycling ratio was 93.8%.
Our business sites in EMEA also committed to waste management. We encourage them to use renewable resources and raise recycling rates to reduce the environmental footprint.
Pledge for a 'Plastic Free City'
Nomura International plc has become one of the first businesses to sign up to the 'Plastic Free City' pledge, acting as launch partners. The pledge is wide-ranging, from stopping the use of plastic straws, cups or cutlery to registering as a water refill site.
The idea is to encourage re-usable containers and raise awareness of the damage caused by plastic litter, particularly along the City's riverfront and bridges. In a phased approach Nomura has already removed pointless plastic and paper cup consumables from the vend area to address plastic pollution.