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Created on: 2017-06-27 14:53:47
Last update: 2017-08-08 11:59:14
Karen Vermeer, Forest and Equator Principles Campaigner at BankTrack
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About
Norinchukin Bank, head office Tokyo. Photo: Google Maps/Earth StreetviewThe 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 agricultural, fishing and forestry cooperatives, and 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. 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.
| Headquarters |
13-2, Yurakucho 1-chome, Chiyoda-ku
100-8420 Tokyo
Japan
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| Supervisor | |
| CEO/chair |
Yoshio Kono CEO & President |
| Annual reports |
CSR Report 2017 CSR Report 2016 Annual report 2015 Annual report 2016 |
| Website | https://www.nochubank.or.jp/en/ |
| Ownership |
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 March 2017 the number of shareholders is 3,640. |
Related Dodgy Deals
The Norinchukin Bank has been linked to the following "Dodgy Deals", e.g. as a current or past financier or through an expression of interest. Find out more about dodgy deals here. See the project or company profile for more details on the nature of the bank's link to the Dodgy Deal.
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Projects
Active
Batang Coal Power Project Indonesia
Active
Tanjung Jati-B 2 (TJB2) coal power plant Indonesia
There are no projects active for The Norinchukin Bank now.
Dodgy Deals map
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Links
Policies
Voluntary initiatives
The Norinchukin Bank has committed itself to the following voluntary standards:Investment policies
The Norinchukin Bank does not have any public investment policies, but see here for it's CSR webpage (Japanese only).
Issues
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.
Dodgy Deals
The Norinchukin Bank is involved in financing the following Equator Principles projects that BankTrack considers controversial.
Equator Principles
Implementation and reporting
Contact and complaints
Equator Principles Dodgy Deals
Good moves
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