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Nomura Asset Management Makes Initial Donation of $50,000 to Charity: Water
December 2, 2022
Nomura Asset Management Co., Ltd.
Tokyo, December 2, 2022 - Nomura Asset Management Co., Ltd. (NAM), the core company within the Investment Management Division of Nomura Group, today announced that its subsidiary in the UK, Nomura Asset Management U.K. Limited (NAM UK), donated US$50,000 to Charity: Water as part of a three-year commitment to support their initiatives implemented over the past 15 years.
Over the next three years, NAM UK will donate a portion of the investment management fees received by Nomura Funds Ireland plc, an Irish based UCITS fund. This initial amount will be used to help fund a school in Niger and community projects in Ethiopia.
According to Charity: Water, one in 10, or 771 million people globally still have no access to clean, safe drinking water and sanitation. Having access to clean water can save 16,000 lives a week, of which 43 percent are children under the age of five. Additionally, every £1 invested in clean water has a £4-12 return for the local economy.
Through this initiative, NAM aims to improve the transparency of ESG activities and at the same time meet the expectations of asset managers in responding to social issues.
Hiroyasu Koike, President and CEO of NAM, commented: “We are delighted to make this initial donation to support the vital work Charity: Water has been doing, and help them fulfil their commitment to making an impact and ending the water crisis. This aligns with one of our key impact goals - Global Access to Clean Drinking Water - and we are excited to be part of this journey.”
As a responsible institutional investor, NAM will continue to address ESG issues to realize a sustainable and prosperous society.
About Charity: Water
Charity: Water is a non-profit organisation set up in 2006 to help provide access to clean drinking water and sanitation to people in Africa, Asia and Central and Latin America. The charity partners with local entities to undertake projects bringing clean water to communities that do not have access to it (e.g. by drilling wells). Over the past 15 years, Charity: Water has brought clean water to 14.7 million people, through 91,414 water projects in 29 countries. The charity aims to bring clean water to another 15 million people over the next 5 years. (As of December 2022)
Nomura is a global financial services group with an integrated network spanning over 30 countries and regions. By connecting markets East & West, Nomura services the needs of individuals, institutions, corporates and governments through its three business divisions: Retail, Investment Management, and Wholesale (Global Markets and Investment Banking). Founded in 1925, the firm is built on a tradition of disciplined entrepreneurship, serving clients with creative solutions and considered thought leadership. For further information about Nomura, visit www.nomura.com.