Sustainability Promotion Structure・Materialities

Sustainability promotion structure

The Group Sustainability Committee, chaired by the President, deliberates on policies and action plans for sustainability initiatives, including global warming and climate change, and reports on the progress of these initiatives.
The deliberations of the Group Sustainability Committee are reported and discussed at the Board of Directors meeting approximately once every three months, and the Board of Directors oversees efforts related to climate change.
Climate change-related risks and opportunities, etc., based on the results of reporting and deliberations are reflected in business strategies.
In addition, from April 2022, we have established specialized departments, mainly in the planning and sales divisions, to strengthen our company-wide sustainability efforts.

Matters reported and deliberated on at the Board of Directors meetings (FY2021)

  1. Carbon neutrality for the Company
    Acceleration of the achievement date from FY2050 to FY2030, and switching of Yokohama Bank's own electricity (for manned branches) to renewable energy in real terms
  2. Status of Sustainability Initiatives
    Review of TCFD disclosures, status of carbon-related assets, and scenario analysis
  3. Sustainability Strategy
    Strengthening of policies and organizational structure by materiality
  4. Risks related to climate change
    Selection of "occurrence of major natural disasters" and "transition to a decarbonized society" as top risks

In addition, from April 2022, we have established specialized departments, mainly in the planning and sales divisions, to strengthen our company-wide sustainability efforts.

Stakeholders (Customers Shareholders Local communities Employees) ⇔ CONCORDIA Financial Group(Board of Directors' Meeting Management Conference Group Sustainability Committee Bank of Yokohama HIGASHI-NIPPON BANK)

Invitation of Outside Experts

From FY2022, external experts in the field of sustainability have been invited to serve as external members of the Group Sustainability Committee. Through regular exchanges of opinions at the Group Sustainability Committee, we utilize outside expertise in our sustainability efforts.

Kotaro Fukai, External Expert
  • Nomura Research Institute, Ltd.
  • Sustainability Business Consulting Department
  • Chief Consultant


We examine and discuss the priority level of issues to address from the perspective of the degree of impact on stakeholders and our social presence as a regional financial institution, and finally set the “Six Materialities” via the Board of Directors. Based on these materialities, the business units work together to promote business strategies.

1.Identifying issues
We have identified our management philosophy and the issues that need to be resolved to realize it, as well as analyzed the changes in the external environment and the expectations for our group.
2.Discussion of issues
Based on this identification of issues, the Board of Directors and other members discussed what issues to tackle and what value to create from the Group's advantages and resources.
3.Prioritization of issues

Furthermore, in order to evaluate the priority of the issues, we comprehensively identified social issues based on various ESG issues and issues of importance to society and stakeholders, and analyzed them based on the two axes of advantage/priority for our Group*1 and importance for our stakeholders*2.

  • *1

    Advantages and priorities for our group (evaluated from the following perspectives)

    • 1.
      Contribution to problem solving of regional companies and regional development
    • 2.
      Degree of relevance to the Group's strengths and advantages in the external environment
    • 3.
      Contribution to the enhancement of the Group's corporate value
  • *2

    Importance to stakeholders (evaluated from the following perspectives)

    • 1.
      Medium- to long-term impact on stakeholders (social and economic value)
    • 2.
      Contribution to stakeholders' contribution
4.Materiality Identification
Priority issues were organized and integrated from the perspective of the Group's management strategy and SDG goals, and discussed by the Group Sustainability Committee. Finally, after discussion at the Board of Directors, six important issues for management were identified as materiality
5.PDCA Practice
The identified materialities are incorporated into the mid-term management plan, and KPIs are set for each materiality. We will manage the progress of these activities, identify issues, and take corrective measures by implementing the PDCA cycle toward the realization of sustainability management.