Efforts on Environmental Care

Based on the Group Environmental Policy, the Concordia Financial Group recognizes that preserving and protecting the global environment isone of its important responsibilities, and is actively addressing environmental issues through its core business activities and its own corporateactivities and promoting activities to preserve local environments and ecosystems. The Group Sustainability Committee, chaired by the president, deliberates on the state of these initiatives and the Board of Directors supervises.

The Bank of Yokohama invites local companies to support its efforts to achieve SDGs and realize a decarbonized society. In commemoration of the issuance of private placement bonds by customers, Bank of Yokohama donates 0.1% of the issuance amount to Kanagawa Prefecture’s “Designated Donations for Water Source and Forest Maintenance Expenses“^*1. Through these donations, the Bank of Yokohama promotes local water source and forest maintenance efforts.

The Bank of Yokohama donates 0.3% (equivalent to the interest rate) of the amount of new customer deposits in Green Foreign Currency Time Deposits^*2 to Kanagawa Prefecture’s “Designated Donations for Water Source Forest Maintenance Expenses”^*3. Through this initiative, we contribute to solving social issues through loans to the Environmental Field using Green Foreign Currency Time Deposits as the source of funds, and promote local water source and forest maintenance efforts through donations.

The Bank of Yokohama supports the Kanagawa Reforestation 50 Year Plan, a plan to pass on the rich bounty of Kanagawa Prefecture’s forests to the next generation, and serves as a “reforestation partner”, meaning a company or organization committed to reforestation. We named the forest on the banks of Lake Tanzawa “Hamagin no Mori” and are striving to conserve the rich forest and water source environment.

The Bank of Yokohama supports the Kanagawa Zero Plastic Litter Declaration that Kanagawa Prefecture, an SDGs future city, has established to eliminate plastic waste and supports efforts to tackle microplastic issues. To commemorate the expansion of the use of the SDGs Friends Loan supporting SDGs management initiatives by local companies, we donated 5 million yen to the Kanagawa Coastal Beautification Foundation Public Interest Foundation Corporation. The donation is used for coastal cleanup and coastal beautification awareness in an effort to solve the microplastic problem.

The Group actively supports public policies related to climate change and energy consumption reduction. We are committed to reducing energy usage and GHG emissions. Additionally, we respond in accordance with laws related to climate change and energy consumption reduction, such as the "Act on Promotion of Global Warming Countermeasures" and the "Act on Rationalizing Energy use and Shifting to Non-fossil Energy”.
The Yokohama Bank of the Group is a specified business operator under the “Act on Rationalizing Energy use and Shifting to Non-fossil Energy”, and is obligated to make efforts to reduce its annual energy consumption intensity by 1% or more on average. We are actively working towards to reduce our energy consumption intensity by implementing various energy-saving measures.

Our employees and the Group’s employees voluntarily participate in activities to clean the regional beaches and rivers.

We take part in tree and flower planting activities at tree-planting ceremonies held in Minatomirai District, Sakuragi-Cho station square, and Shonan International Village Megurino Mori.