Governing ESG Issues

Our ESG Committee is a management-level decision-making entity that plays an integral role in Nomura Group’s sustainable growth strategy and our aim to contribute to resolution of social issues.

Nomura implements ESG initiatives in collaboration with Group offices and companies in Japan, Asia ex-Japan, EMEA, and the Americas. We conduct appropriate disclosure of our various ESG initiatives through the Nomura Report and our website with the aim of raising our Group’s corporate value.

Framework

CSR Committee receives approval from Board of Directors and Executive Management Board as well as receive approval from Corporate Citizenship Department who works in close collaboration with Japan, EMEA, Americas and AEJ offices.

ESG Committee

The Nomura Group reorganized the CSR Committee chaired by an executive officer into the ESG Committee chaired by the Group CEO in FY2018/19, in an attempt to deal with issues related to ESG in ways that are more strategic than before.

In order to strengthen ESG management, the ESG Committee is aligned with members of the Executive Management Board from FY2019/20, to create a framework for the strategic promotion of ESG within the highest decision-making body at the executive level. In addition, four subcommittees were established under the ESG Committee:

  1. "Wholesale Sustainability Forum" to plan business opportunities and strategies for sustainable finance;
  2. "Climate Risk and ESG Working Group" to analyze scenarios of climate change risks and conduct stress testing (Renamed from Climate Risk Working Group in February 2021);
  3. "Working Group on Environmental Activities" to promote Nomura Group's efforts to reduce environmental impact; and
  4. "TCFD Working Group" for the Task Force on Climate-related Financial Disclosures (TCFD).

Nomura Group executives in charge of businesses and corporate affairs comprise the ESG Committee. The Committee is responsible for developing business policies on ESG-related risks and opportunities for the entire Nomura Group and approving and deciding on related activities. The activities of the ESG Committee are reported to the Board of Directors and the Executive Management Board as the occasion demands. The Committee also examines the operations of specific businesses that contribute to sustainable development goals (SDGs) set by the United Nations. Nomura Group requires the ESG Committee to hold two or more meetings each fiscal year in a rule it set to increase the frequency of governance. By holding meetings jointly with the Executive Management Board, which has the same chairman and members as the ESG Committee, a more flexible management system is in place to facilitate strategic decisions.

ESG Committee Members

Chairman Kentaro Okuda Representative Executive Officer, President and Group CEO
Members Toshio Morita Representative Executive Officer, Chief Health Officer (CHO)
Satoshi Arai Head of Retail
Junko Nakagawa Executive Managing Director, Head of Asset Management
Steven Ashley Head of Wholesale
Yutaka Nakajima Head of Global Markets
Masahiro Goto Global Head of Investment Banking
Toshiyasu Iiyama Head of China Committee
Masahiko Maekawa Head of Merchant Banking
Chie Toriumi Head of Content Company
Hajime Ikeda Head of Future Innovation Company and Brand Strategy (Joint)
Tomoyuki Teraguchi Executive Managing Director, Chief of Staff and Chief Compliance Officer (CCO)
Takumi Kitamura Executive Managing Director, Chief Financial Officer (CFO)
Sotaro Kato Executive Managing Director, Chief Risk Officer (CRO)
Toru Otsuka Chief Strategy Officer (CSO)
Jonathan Lewis Chief Administrative Officer (CAO) and CEO of Nomura Europe Holdings plc
Auditor Hisato Miyashita Director, Member of the Audit Committee

Presentations

ESG (Environmental, Social and Governance) initiatives (PDF 1,211KB)

Management Status of the Committee

Number of Meetings 2 (from April 1, 2019 to March 31, 2020)
Agenda
  • Matters concerning ESG initiatives and information disclosure
  • Matters concerning fundamental ESG policy
  • ESG risks and opportunities
  • Important ESG Issues (materiality)
  • Matters related to TCFD
  • Reports related to climate change
Outline of Discussions
  • Matters concerning Medium/Long-term CO2 Emission Reduction Target
  • Matters concerning sustainable development goals (SDGs)
  • Realignment of key ESG issues (materiality)
  • Establishment of the TCFD Working Group
  • Risks and opportunities related to climate change
  • Trends in Sustainable Finance in Japan and overseas
  • Matters related to UNEP FI PRB signing, etc.
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