Management Message
The Concordia Financial Group aims to be “a solution company rooted in communities and selected as a partner to walk together” by developing materiality-based businesses and collaborating with stakeholders to create social and economic value. In the medium-term management plan, which was launched in FY2025, we have included sustainability as one of our basic themes, and we are working to establish sustainability management and actively promote initiatives to resolve issues facing local communities.
Since the adoption of the Paris Agreement, various countries and regions around the world have been pursuing efforts to achieve the “1.5℃ target” and the “2050 net zero target.” As a regional financial institution, we believe that “conserving and preserving the environment” is an important priority issue, and we are advancing initiatives to realize a decarbonized society and to conserve and restore natural capital.
As part of our efforts to realize a decarbonized society, we have set the goals of “becoming a carbon neutral company by FY2030” and “net zero GHG emissions in our investment and loan portfolio by 2050.” We have reduced GHG emissions by 85.4%* and in FY2024, we set interim targets for FY2030 for GHG emissions in the electricity, oil and gas, and coal sectors. In addition, we are actively supporting customers’ decarbonization efforts through expanded Sustainable Finance solutions, including Sustainability Linked Loans and Positive Impact Financing, as well as through engagement.
In addressing measures for “conserving and preserving the environment,” it is also essential to address the conservation and restoration of natural capital. At COP15 in 2022, it was decided to achieve a nature positive world until 2030 and to realize a world in harmony with nature by 2050. As a regional financial institution, we will work together with each stakeholder to contribute to the conservation and restoration of natural capital to realize a nature positive world.
Another important theme for the development of sustainable local communities and enhancement of corporate value is “human capital management and respect for human rights.” As a “solution company,” the Group is strengthening investment in human capital and “human resource development.” We are working to cultivate an organizational climate whose starting point is the well-being of each individual and develop a workplace environment where it is easy to work by building an organization in which each employee with their diverse values can reach their full potential through the promotion of diversity, equity and inclusion. We are also promoting efforts to respect the human rights of every stakeholder under the “Group Human Rights Policy.”
As a regional financial institution, our sustainability initiatives are not independent of each other, but rather directly related to each other, have a major impact on local communities and are an integral part of our management strategy. We will continue to promote initiatives to help solve social and environmental issues through our core business in order to achieve sustainable development of local communities and enhance the corporate value of our group. We look forward to your continued understanding and support.
*FY2023 results for domestic sites of the Company and its consolidated subsidiaries (compared to FY2013).
Concordia Financial Group, Ltd.
President and Representative Director
