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Created on: 2017-06-27 14:53:47
Last update: 2017-07-17 12:09:58
Karen Vermeer, Forest and Equator Principles Campaigner at BankTrack
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The Norinchukin Bank (also known as Nochu Bank) is a Japanese cooperative bank, headquartered in Tokyo. It was founded in 1923 by the Japanese government to support its agricultural industry. It provides funding for over 5,612 agricultural, fishing and forestry cooperatives. The bank is also one of Japan’s largest institutional investors. The bank invests in bonds, securitisation products, stocks, private equity and real estate, also through its overseas branches in New York, London and Singapore. The bank has a reputation as being Japans largest hedge fund. At the end of March 2016 The Norinchukin Bank controlled assets worth JPY 101,182.9 billion (USD 897.8 billion).
The Norinchukin Bank adopted the Equator Principles in 2017, and is profiled as part of BankTrack's Equator Principles Track and Chase project.
13-2, Yurakucho 1-chome, Chiyoda-ku
Yoshio Kono |
CEO & President
CSR Report 2016|
Annual report 2015
Annual report 2016
The Norinchukin Bank is owned by its members: Japan agricultural cooperatives (JA), Japan fishery cooperatives (JF), Japan forestry cooperatives (JForest), and related federations, as well as other agricultural, fishery and forestry cooperative organizations that have invested in the bank. As of September 2016 the number of shareholders is 3,656.
Related Dodgy Deals
Dodgy Deals map
UK Modern Slavery Act 2015 Transparancy Statement
Voluntary initiativesThe Norinchukin Bank has committed itself to the following voluntary standards:
The Norinchukin Bank does not have any public investment policies, but see here for it's CSR webpage (Japanese only).
The Norinchukin Bank and the Equator Principles
The Equator Principles are a voluntary commitment of banks to try to avoid or minimise the social, environmental and human rights impact of projects they finance. For more information on the Equator Principles see their website here and the campaign page of BankTrack here.
The Equator Principles exist already since 2003. The Norinchukin Bank adopted the Equator Principles in 2017.
Reporting on the Equator Principles
The Norinchukin Bank must report annually on its implementation of the Equator Principles. All information is supposed to be found here.
- The Norinchukin Bank is in compliance with its reporting obligations. The Norinchukin Bank is still in its grace period.
The Norinchukin Bank is involved in financing the following Equator Principles projects that BankTrack considers controversial.