Environmental Management

Nomura Group Environmental initiatives (Japan) We are committed to reducing our overall environmental impact Copy paper usage (YoY) -1.0% Waste emissions volume (YoY) -6.8% CO2 emissions -9.5% Water consumption -4.8% As of March 2020

The Nomura Group is working to lower its overall environmental impact. We have established an environmental management system to drive comprehensive efforts in Japan, and our business offices across the globe are taking initiatives to manage their environmental footprints. We have expanded our disclosure globally, and report group environmental targets and achievements.

Environmental Statement and Environmental Policy

The Nomura Group Code of Conduct states, "We are aware of our responsibility towards society and actively and continuously engage in a wide range of activities to contribute to the society and protect the environment, such as reducing the environmental impact of our business activities."
In 2009, we created both our Environmental Statement and Environmental Policy and, with the Environmental Activities Working Group as the core, we are proactively working to reduce the environmental impact of our business activities.

Environmental Statement

  • The Nomura Group believes a healthy environment is the foundation of stable economic and social conditions for future generations.
  • We are committed to acting in an environmentally responsible manner and should therefore approach environmental issues positively.

Environmental Policy

  • We encourage investment and constructive engagement in environmentally friendly goods and services.
  • We will assess environmental risks and continually strive to minimize pollution and improve the environment.
  • We will comply with relevant environmental laws and regulations and engage with external stakeholders on environmental issues.
  • We are committed to reducing waste and conserving energy and natural resources to minimize the impact of our footprint on the environment.
  • We will communicate this policy to all employees to raise awareness of environmental issues and encourage environmentally friendly initiatives.
  • We make this policy available for public review.

Environmental Management Structure

In Japan, we have established an environmental management system (EMS) and are implementing comprehensive environmental preservation activities to deal with environmental risks and issues. Our Environmental Activities Working Group, which is a Group-wide organization, meets once a month to monitor the progress of environmental preservation activities. Also, to make sure the plan, do, check, action (PDCA) management approach is functioning, internal environmental audits are conducted periodically. We carry out "checks of environmental initiatives" on a nationwide basis in Japan and work to increase the effectiveness of our EMS. In addition, the Head of Environmental Affairs conducts reviews of these activities, confirms and assesses progress toward reaching objectives, and aims for continuing improvements. Reports are made to the ESG Committee regarding risks and opportunities related to environmental issues. Our offices around the world are engaging in environmental initiatives. Our London headquarters building has maintained ISO 14001 certification since 2007 following an audit performed by a local accreditation body receiving recertification against 2015 standard in 2018. In addition, it obtained ISO 50001 certification, a new international standard for energy management in 2015.

Environmental performance data

Nomura Group Environmental Management Framework

Image: Nomura Group Environmental Management Framework

Environmental Targets

CO2 Emission Reduction Targets

Nomura has established group-wide medium and long-term CO2 emission reduction targets. As a global financial services group, we are committed to actively working to reduce our carbon footprint.

Nomura Group Medium/Long-Term CO2 Emission Reduction Target (Global)

* Please scroll horizontally to look at table below.

Area Target Type Base Year Target Year Level of Reduction
Global Absolute FY2012/13 Medium-Term FY2030/31 32%
Long-Term FY2050/51 65%

We will also continue to manage our regional targets.

Nomura Group Medium-Term CO2 Emission Reduction Target by Region

* Please scroll horizontally to look at table below.

Area Target Type Base Year Target Year Level of Reduction
Japan Intensity FY2009/10 FY2030/31 20%
Europe Absolute FY2020/21 FY2035/36 40%

Nomura Group Medium-Term CO2 Emission Reduction Targets and Achievements (Global)

* Please scroll horizontally to look at table below.

  FY2012/13 Achievement
(Base Year)
FY2018/19
Achievement
FY2019/20
Achievement
FY2020/21
Achievement*1
FY2030/31
Target
GHG Emissions
(Scope 1 & 2)
90,072t-CO2 67,918t-CO2 61,383t- CO2 48,535t-CO2
(46.1% reduction comparing FY2012/13)
61,249t-CO2
(32% reduction comparing FY2012/13)

1 The above figures are based on the GHG Protocol's Location-based*2 method of calculating Scope 2 emissions. With the Market-based*3 method of calculating Scope 2 emissions, on the other hand, FY2020/21 Achievement would be 40,679 t-CO2, 54.8% reduction comparing the base year FY2012/13.

2 Location-based method:

A method of calculating Scope 2 emissions based on the average emission factor for a specific location (of grids where energy consumption occurs or to which the same legal regime applies).

3 Market-based method:

A method of calculating Scope 2 emissions reflecting companies' electricity contract. As the emission factor is based on the contractual terms, if a company purchases low-carbon electricity, such as from renewable energy sources, the effect can be reflected.

To foster a deeper understanding of environmental issues including CO2 emission reduction initiatives and conduct related educational programs, we have held an annual environmental training program for all Nomura Group employees since 2009 in Japan. We also stream information over the Group intranet and host events to raise awareness of environmental matters.

In addition, our business sites in EMEA promote Nomura's environmental commitment through the onboarding program for new employees and make available an ESG awareness tool on the intranet for all stakeholders including Nomura's supply chain.

Nomura Group Environmental Objectives and Progress (Japan)

We set environmental goals for each year and closely manage the progress of our environmental preservation activities. Environmental goals are set for each region, and the Environmental Activities Working Group checks to see if these targets are met.

* Please scroll horizontally to look at table below.

FY2020/21 Targets Achievements & Assessment FY2021/22 Targets
GHG Emission Reduction Reduce the domestic Nomura Group CO2 emissions/m² of floor space by 20% or more from FY2009/10 ○

Reduction: 42.0%

Reduce the domestic Nomura Group CO2 emissions/m² of floor space by 25% or more from FY2009/10
  Reduce the CO2 emissions per mileage driven of leased vehicles of Nomura Securities from the previous year ×

Increase: 3.2%*1

Reduce the total amount of CO2 emissions from leased vehicles of Nomura Securities from FY2019/20
  Reduce the waste emissions volume at principal offices from FY2013/14 ○

Reduction: 38.3%

Reduce the waste emissions volume at principal offices from FY2013/14
Effective Use of
Resources
Have green products account for 80% of supplies request system items ×

Purchase rate: 79.3%

Have green products account for 80% of the total amount of the copy paper used
Reduction of
Paper Usage
Reduce use of copy paper (as measured by the annual volume purchased) from the previous year ○

Reduction: 35.8%

Reduce use of copy paper (as measured by the annual volume purchased) from the previous year
  Encourage the electronic document delivery service ○

Accounts accepting electronic document delivery: 3.12 million

Encourage the electronic document delivery service
Contribution to
Environment Through
Nomura's Main Businesses
Increase the number of financial products and services that help resolve social issues ○
  • Underwriting and selling of Green Bonds/Social Bonds
  • Practicing Impact Investing in Nomura Asset Management
  • Implementing and expanding Sales division’s ESG products line up and campaigns
Increase the number of financial products and services that help resolve social issues

1 The total amount of CO2 emissions from leased vehicles of Nomura Securities decreased by 54% compared to FY2019/20, due to a decrease in the number of vehicles and a change in sales methods under the COVID-19 Pandemic.

CO2 emissions: These figures are the volume of CO2 emissions accompanying the use of electricity, city gas, heavy oil, diesel fuel, kerosene, LPG, steam, and hot/cold water.

Green products account: Compiled from data in internal systems on office supplies purchased. In FY2019/20, the stricter definition of Green products was imposed.

Use of copy paper: Compiled from the volume of copy paper used (annual volume) in Nomura Securities.

Accounts accepting electronic document delivery: Compiled from the number of accounts registering e-mail statements service and the number of accounts registering online statements service.

ESG Data (Our Environment)

ESG Data (Sustainability Bonds)

Sustainable Supply Chain Initiatives

We are committed to fulfilling our social responsibility in all our activities. In keeping with this commitment, we require outsourcing providers to understand and comply with the Nomura Group Code of Conduct. We have also developed a set of Supplier CSR Guidelines, which outlines our CSR requirements when doing business with suppliers. Suppliers who provide products and services to the Nomura Group are required to sign these guidelines.

Request to Nomura Group Outsourced Service Providers

Our Stakeholders

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