Established its first fund in 2012, ANRI is a seed stage focused venture capital firm in Japan with an AUM of 35 billion yen. We have led the Japanese startup industry in promoting D&I, through initiatives such as increasing the ratio of female entrepreneurs in our current running ANRI IV fund. On a personal level, I support NPOs and other social sector organizations to solve critical social issues. Investments in startups that solve environmental issues are accelerating around the world as we move toward a more decarbonized society. As environmental and social issues also emerge in Japan, we will continue to generate impact by solving these issues through our investment activities.
We are delighted to be part of the Initiative with like-minded financial institutions. In January this year, we published a corporate message as our purpose in society, “Creating a sustainable future through the power of investment”, as part of our strong commitment to integrating sustainability into our management. We believe that this is the very essence of our “impact orientation”. However, as an asset management company, it is difficult for us to take on this major challenge on our own, and it is extremely important that the entire investment chain, including asset owners and market participants, work together to develop an information disclosure platform for measuring impact. We hope that this declaration will accelerate the pace of this effort.
We believe in the potential of science and technology to make the world a better place. Through our incubation investments in technology start-ups, we have aimed to create new industries through the commercialization of technology seeds. All our portfolio companies are working every day to create a positive impact on society and the environment. Our participation in the Japan Impact-driven Financing Initiative reaffirms our ambition to work with entrepreneurs to solve social problems.
In the healthcare sector, where we invest, the market itself has a structure in which businesses must produce outcomes or they will be weeded out and will not be able to generate sustainable profits. In other words, in order to succeed in the healthcare sector, it is necessary to manage the social impact of the business, which is a prerequisite for maximizing financial returns over the medium to long term. Capital Medica Ventures is therefore pursuing impact-oriented investment activities with a long-term perspective in order to maximize profits.
Since the launch of its debt-based crowdfunding service in 2014, CROWD CREDIT has run the service under the principle which we make investment which pursues both economic return and social return. In 2018 we started to provide impact investing opportunities which we commit to measure social impact created by the investment funds and which we lend to microfinance institutions in emerging countries or renewable energy businesses which give access to electricity to people in not-yet-electrified areas, or gender lens investment opportunities. As of April 2022, nearly 20% of the investment funds run by CROWD CREDIT are social impact investment funds. CROWD CREDIT commits to keep creating investment funds which pursue to create social impact in the areas of 17 targets shown in SDGs.
Dai-Ichi Kangyo Credit Union is a financial institution that aims to contribute to sustainable regional and community development by supporting people who are engaged in local business and living in a spirit of mutual aid. Since the activities of those who are working to solve environmental and social problems are becoming increasingly important in their regions, we believe that supporting and encouraging them financially to make a difference will lead to the realization of sustainable regions and communities.This Initiative is in line with the direction we are aiming to take, and we have joined the list of signatory financial institutions in supporting its aims. We will continue to focus on the activities that we are required to carry out to create an impact on the community, and we look forward to working together with the signatory financial institutions to create a greater impact.
We have launched the Open Network Lab & ESG I Investment Limited Partnership (in short, “Earthshot Fund”) as a fund for ESG-focused startups in July 2021. Collaborating with Open Network Lab, the seed accelerator program of Digital Garage, Inc.; Earthshot Fund invests in both Japanese and international ESG-focused startups and supports the portfolio companies including their ESG management. As we further invest, nurture, and support social entrepreneurs who create global inflection points; we will work together with the signatories of this Declaration and strive to create a significant impact on solving social issues.
With the mission of “creating businesses, changing society,” DI is promoting creation of new businesses. Last year, DI established Asia’s largest social impact bond (SIB) fund and is working to solve social issues faced by local governments through a new results-based system that utilizes the know-how and funds of private companies. DI is also promoting investment in venture companies, mainly in India, that contribute to solving social issues in developing countries. Based on this declaration, DI will continue to promote investment activities that will create further environmental and social impact.
I would like to welcome the launch of the Initiative as a cross-industry impact-oriented initiative among domestic financial institutions. It is a great honor to be part of this Initiative. Since its establishment in 2006, our company has been investing in and supporting growth of venture companies that are dedicated to business creation and innovation to solve social issues in the environment and energy fields. Our 4th fund, which was established in June 2018, evaluates the social impact created by investee venture companies from both quantitative and qualitative perspectives, and issues an impact report compiled in each fiscal year. By participating in this Initiative, I hope that an opportunity to share information among not only venture capitals but also among other financial institutions will be created, domestic impact finance will be expanded, and its information be disseminated overseas.
Since its establishment in 2004, Fast Track Initiative, Inc., with its mission of “Capital for Life” has consistently worked to enrich life and wellbeing through investment in startups specializing in the bio- and health-tech fields. We strongly believe that the rapid delivery of medicines and healthcare solutions created by the startups we invest in, will contribute to global health and lead to the realization of an inclusive society where no one is left behind. By collaborating with signatory institutions that play a crucial role in the investment chain, we hope to make a significant contribution and a lasting social impact to the growing innovation ecosystem, originating in Japan.
Future Venture Capital’s mission is to ” build companies that will last 100 years”, and we aim to create a society that generates innovation for a sustainable future. Future Venture Capital’s flagship initiative, the ” Regional Revitalizing Fund “, which aims to sustain and vitalize regional economies by partnering with regional financial institutions and local governments across Japan, has a total investment value of 10.9 billion yen and has invested in approximately 290 companies. We have also seen an increase in the number of consultations on the establishment of funds with a clear theme, such as social issues or SDGs, and we believe that there is a growing momentum to provide funding to businesses that seek to solve local issues and the importance of impact as an outcome. With the signing of this initiative, we will accelerate further impact investment across Japan.
GLIN Impact Capital is an impact investment fund established with the mission of “reimagining capitalism,” with the hope of creating a society where social issues are solved autonomously along with the development of financial capitalism, and with the belief that the most effective way to achieve this goal is to promote impact investing. We will make an utmost contribution to the spread of impact investing in Japan by leveraging the knowledge of the latest overseas practices and the expansive network in the global impact investing community including Harvard University.
We are deeply grateful for the opportunity to participate in the co-creative Initiative to address social challenges with other financial institutions under the Japan Impact-driven Financing Initiative. Innovative solutions are needed to quickly address longstanding social challenges. We have invested in a number of deep-tech startups that are using the technology to solve some of the world’s biggest challenges. We’ve helped them grow and create impact by providing hands-on support from our dedicated team. In collaboration with other signatory organizations, we will continue to contribute to solving social issues more effectively through implementing IMM practices.
Based on our management philosophy “Be a trustful partner for people, always being close at hand and endeavoring to protect their well-being”, we are working to achieve the SDGs and solve social issues through warm-hearted investment and lending. Impact-oriented investment and lending is at the heart of our efforts, and by practicing it, we will fulfill our social responsibility as a life insurance company and further strengthen our ties with our stakeholders. We also look forward to working with the signatories of this initiative to develop the impact-oriented investment and lending on a self-sustaining and sustainable basis and to make it a major financial trend.
Mitsubishi UFJ Trust and Banking Corporation conducts sustainability activities, with “Trust”, to resolve environmental and social issues and create a “safe and affluent society.” We believe that by enhancing our impact investment measurement and management processes, we will be able to demonstrate a high level of expertise in the solutions for our clients’ assets. And it will also help us to act as a responsible trustee who will lead to a better future through our investment actions. Therefore, we have joined this Initiative. We will collaborate with other signatories to promote activities aimed at developing impact-oriented investments and loans, and work with a wide range of stakeholders to resolve environmental and social issues.
The promotion of impact-driven financing will help all firms to grow in the medium-to-long term. As such, it forms a central part of the role demanded of financial institutions. With more attention being paid to the environmental and social impact of corporate activities in recent years, impact visualization will serve to enhance corporate value. I am grateful that Mizuho has been given the opportunity to respond to this challenge as a member of the Initiative. Mizuho has played a pioneering role by participating in Japan’s first social impact bond issuance and by investing in social investment funds, for example. While utilizing the knowledge gained through these experiences to contribute to the Initiative, Mizuho will work hard to build a more harmonious relationship between the environment, society and business.
Through MUFG Bank’s issuance of green bonds, we have contributed to showing their effects on the environment and society and supported the creation of positive impacts. We have joined this Initiative to identify business opportunities and enhance risk management methods that contribute to solving environmental and social issues, and to fulfill our role as a financial institution as expected by society. Based on the Initiative, we will continue to pursue activities for the development of impact-oriented investing and lending in cooperation with other signatory organizations while maintaining our focus on environmental and social impact, and will aim to contribute to solving environmental and social issues in a wide range of fields.
We would like to express our sincere gratitude for signing Japan Impact-driven Financing Initiative.We will continue to work with other signatories to make our society better through finance. Since our foundation in 2000, we have been committed to funding businesses in frontiers where the access to traditional finance is difficult. It has been 20 years of gratitude, surprise, and excitement to see many Japanese individual investors investing in solving social challenges with empathy. We are confident that the participation in this Initiative will enable us to deliver our efforts, in proper way, to more investors and businesses that need funds. We will work even harder to contribute to the creation of impacts all over the world collectively with Japanese investors.
This year marks the 25th anniversary of our founding, and as a venture capital firm, we have been proud to have indirectly contributed to technological innovation and social change by supporting the success of many of our portfolio companies. However, with the acceleration of environmental and social problems such as climate change, environmental destruction, declining birthrate, aging population, and the depopulation of rural areas in Japan, we believe that a different approach will be required. This is why we decided to join the Japan Impact-driven Financing Initiative. Our efforts have just begun, but we are delighted to work with the Initiative’s signatories to promote impact-driven finance for the next 30, 50, and 100 years.
We were founded in Kyoto in 2016 with the aim of creating a flow of funds that stimulates social innovation and contributes to the formation of sustainable and flexible local communities. Through our social investment platform “en.try”, we provide a mechanism for local residents, local businesses and financial institutions to support and participate in essential local businesses through social investment. From 2020, we are also collaborating with Ritsumeikan University to establish and manage the Ritsumeikan Social Impact Fund, which totals 1.5 billion yen. We will continue to take on the challenge of creating impact in local communities and creating the necessary funding mechanisms to achieve this.
We are very delighted to sign the Japan Impact-driven Financing Initiative together with Japan’s leading financial institutions. Since the establishment of our Real Tech Fund in 2015, we have been a frontrunner in investing in and nurturing R&D-based startups that aim to solve societal and environmental issues, both domestically and internationally. In 2021, we established Japan’s first impact investment fund specializing in deep-tech. Impact investing in the startup industry is still in its infancy, and through this initiative, we are committed to increasing the number of deep-tech startup supporters as well as contributing to the development of the impact investing industry in Japan and strengthening its global presence.
Impact orientation is an approach in which a financial institution supports the innovation and good business of a company by sympathizing with the aspiration of the company in which it has invested to solve social problems. In order to promote impact orientation, we must first convey to society our own vision of what society should be and how we want it to be, learn from actual experiences through dialogue with the companies we invest in, deepen and evolve our dialogue even further, clarify the causal relationship between the business activities of the companies we invest in and the social impact they create, and ensure that their efforts to solve social issues are sustainable. Through our impact orientation, we are committed to working towards a better and more prosperous society.
If each company strives to become meaningful to society and to engage in activities with positive impact on society, then it will generate enormous energy as a whole. Shinsei Bank Group will further deepen “Redesigning Finance” initiative and impact finance by participating in this Initiative, and contribute to growth of impact-oriented finance together with financial institutions which share the same spirit.
Spurcle’s mission is to “creating a new global economic cycle”, with the aim of realizing a sustainable society in the Tohoku region, one of the most challenging regions in Japan. We invest in and support start-ups in the Tohoku region that are working to solve a wide range of social issues. The Tohoku region is facing a number of urgent issues, such as a declining population and low productivity compared to other regions, and we believe it is important to create social impact as an outcome other than financial return. With our participation in the Impact-driven Financing Initiative, we will continue to accelerate further impact investing in the Tohoku region.
Management Policy of Sumitomo Life is to contribute to the social and public welfare as our corporate purpose. Based on this, we are working to solve social issues from the perspective of both life insurance provider and institutional investor to contribute to a healthy and long-lived society. As a life insurance provider, we support the enhancement of the health of people, especially through the provision of “SUMITOMO LIFE Vitality”, a health-promotion type insurance. Additionally, as an institutional investor, we are currently promoting responsible investment and recognize that creating impact is particularly important. We will actively participate in the activities of the Initiative and aim to create even greater impact through the investment.
The Sumitomo Mitsui Trust Group aims to leverage the diverse, flexible functions of trusts along with analysis which incorporates scientific knowledge to become a crossroads for the businesses, investors, individuals, and other constituents of today’s economy, and make sustainable society a reality. We believe that this will bring about a virtuous circulation of funds, assets, and capital, stimulate asset formation of citizens and sustainable growth of businesses, and contribute to growth of the Japanese economy which has remained stagnant for so long. We believe that impact-oriented initiatives are the precise embodiment of our Group’s Purpose, which is “Creating new value with the power of trusts and let prosperous future for our clients and society bloom.”
Tajima Shinkin Bank has 28 branches in Hyogo and Kyoto prefectures, mainly in the Tajima area of northern Hyogo. The Tajima area, our main area, is a typically depopulated area where the population has been declining since 1947. While the population and industry of the region is slowly declining due to depopulation and the declining birth rate and ageing population, the recent Covid-19 disaster has put a downward pressure on the region. As a regional financial institution based in such a region, we believe that it is very important to be impact-oriented in order to create a sustainable circulation of funds that can autonomously solve social and environmental problems. With the signing of this declaration, we will further promote our efforts as a regional producer and take up the challenge of measuring and managing our impact.
taliki aims to create a world where everyone is glad to be born by increasing the number of players who solve social issues and supporting them. We have accompanied the launch of more than 190 social issue-solving businesses and invested more than 200 million yen. However, there are still many social issues that remain in this world, and provided resources to solve them are not enough. We hope that our participation in this declaration will lead to more widespread finance aimed at solving social issues.
We have revised our group vision to “Protect and improve the well-being of all ” in the new Mid-term Management Plan starting from 2021. As a key premise to achieve this vision, the realization of a sustainable society is essential, and it is necessary that more financial institutions take practical actions to solve environmental and social issues with “impact- driven” attitudes. We have been making impact investments, and will continue to expand and measure positive impacts of the investment portfolio. By sharing knowledge with those who support this Initiative, we will make a significant contribution to solving global environmental and social issues.
Kyoto Shinkin Bank was the first financial institution in Japan to introduce the concept of a “community bank” in 1971. Our goal under the SDGs is to create a prosperous society by promoting financial inclusion for local small, medium and micro enterprises and start-up businesses, and we aim to create sustainable, socially-minded communities. To this end, we have established the Social and Sustainable business standard in collaboration with the Yunus Social Business Research Center to foster and support businesses that go beyond the financial realm and work to solve a wide range of social issues. By providing engagement and support to local businesses through the certification, and by incorporating the impact of micro, small and medium-sized businesses on the local community into our lending decisions, we will work to ensure that 80% of our clients are ESG-conscious businesses within 10 years.
The Shizuoka Bank Group is committed to helping solve social issues through financial services, aiming for sustainable growth of local communities under our corporate philosophy to “expand dreams and affluence with our community”. In January 2021, Shizuoka Bank became the first bank in Japan to provide positive impact finance to small and medium- sized enterprises (SMEs) in order to support local companies that are actively involved in the SDGs. The Shizuoka Bank Group considers the creation of impact to be the next step beyond relationship banking, and will continue to contribute to the creation of a sustainable community by establishing an impact orientation in the region through finance.
T. Rowe Price was founded in 1937 in Baltimore, Maryland, USA and today we still stand by the same mission “To help our clients achieve their long-term financial goals”. With that objective, we have been delivering mid to long term financial products, understanding the long-term sustainability of the companies in which we invest, to all of our clients from individual investors to institutional investors. We also believe it is important for clients to be able to make wise financial decisions to achieve their long-term financial goals and, thus, we have been supporting various financial education initiatives under SDG#4 goal. In recent years, we have launched Impact strategies where clients can both achieve financial returns and positive impacts to environmental and social issues. T. Rowe Price will continue to strive to deliver positive impacts to our clients and our community through our investment management services.
We are a private equity fund with approximately JPY 80 billion under management, and our Healthcare New Platform fund, which we launched in September 2021, aims to solve the social challenges of expanding access to healthcare, increasing healthy life expectancy and reducing the risk of infectious diseases. We have created a company of our own, providing not only the funds but also the necessary human resources and technology, and taking the initiative in business development while being deeply involved in management. Therefore, we believe that if we develop and implement a business plan that is impact-oriented, we can maintain consistency as a company. As a fund, we have a responsibility to deliver financial returns (performance) to our investors. However, along with this financial return, we also have a responsibility to ensure that the companies we invest in have a mechanism to make decisions that are consistent with the SDGs and other social goals. Based on the hypothesis that impact investing is the best way to fulfill this responsibility, we hope to make a significant contribution to solving global environmental and social issues through impact-oriented investment activities.