The Principles for Financial Action towards a Sustainable Society (i.e., Principles for Financial Action for the 21st Century, "the Principles" hereafter) were established in Japan as the policy recommendation on formulating principles for financial institutions that are willing to take responsibility and play a necessary role in building a sustainable society. Its framework was devised in fiscal year 2011, under the appointment of the Ministry of the Environment as the Secretariat, and Ministry of Finance, Ministry of Economy, Trade, and Industry, and Ministry of Land, Infrastructure and Transportation as observers. Its aim is to set a policy across the financial industry in order to allow cooperative actions to be taken on various issues regarding environment, society and governance (ESG), directly promoting such efforts through their core business operations.
Nomura Group has worked on creating the framework of the Principles through voluntarily participating in the Drafting Committee composed of private financial institutions since its establishment in September 2010.
Nomura Asset Management has agreed to the basic concept of the Principles, and has signed on them together with Nomura Securities in January 2012, and since then has participated in activities mainly within the framework of securities firms, asset management, and investment banking working groups.