The Principles for Financial Action for the 21st Century (PFA21) were formulated in October 2011 as an action guideline for financial institutions wishing to fulfill the responsibilities and roles necessary for the formation of a sustainable society, with the Ministry of the Environment working as the secretariat. Based on its business content, each signatory financial institution will base their efforts as far as possible on seven principles. One of the features is that it is positioned as a starting point for collaboration without being restricted by business type, scale, region, etc. SRM agrees with the basic approach of PFA21 and became a signatory in December 2021.
＜Seven Principles＞
[Principle 1] Basic posture
Recognizing the responsibilities and roles that financial institutions themselves play for the formation of a sustainable society, we aim to create positive impacts on the environment, society and economy, and mitigate negative impacts. Take the initiative in practicing these efforts.
[Principle 2] Contribution to a sustainable global society
We will lead the formation of a sustainable global society by developing and providing financial products and services that contribute to the creation and development of industries and businesses through innovation, toward steady and fair transitions in society.
[Principle 3] Contribution to the formation of sustainable communities
We will support the solution of environmental, social and economic issues based on regional characteristics, and lead the formation of sustainable local communities by improving the inclusiveness and resilience of the region.
[Principle 4] Human resource development
Recognize the importance of human capital in financial institutions, and develop human resources who can think for themselves and take action on environmental and social issues.
[Principle 5] Collaboration with various stakeholders
Recognizing the importance of cooperation among various stakeholders, including financial institutions, in order to form a sustainable society, we not only participate in such efforts but also play an active role.
[Principle 6] Building a sustainable supply chain
Actively tackle environmental issues such as global warming and biodiversity and social issues such as human rights, and build a sustainable supply chain through constructive engagement with business partners including investment and loan partners.
[Principle 7] Information disclosure
Recognizing that activities to enhance the sustainability of society are management issues, we will disclose our efforts to a wide range of stakeholders and make constant improvements based on domestic and international trends and disclosure frameworks.
