Nissui's environmental evaluation concludes for the 'Impact Finance for Nature' loan in collaboration with Sumitomo Mitsui Trust Bank, carried out by ERM.
In a significant stride towards sustainable finance, ERM, the world's largest specialist sustainability consultancy, has completed an assessment of nature-related impact and risk management practices for Japanese seafood and food manufacturer Nissui Corporation. This assessment was undertaken as part of Nissui's use of a new financial product, "Impact Finance for Nature", developed by Sumitomo Mitsui Trust Bank, Limited.
The Nature Management Maturity Assessment Report for Nissui Corporation evaluates the maturity of the company’s practices in managing biodiversity and ecosystem impacts related to its operations. The assessment is particularly relevant to the fisheries industry, evaluating Nissui across several areas, including impact assessment and natural capital management assessment (TNFD-aligned assessment).
This type of assessment helps companies like Nissui measure and improve their contributions to sustainable resource use and biodiversity conservation. It identifies risks such as overfishing, supply chain vulnerabilities, or regulatory changes related to environmental protection. Furthermore, it enhances transparency and reporting on environmental impact to stakeholders, driving industry leadership in environmental stewardship within Japan’s seafood sector.
Kosuke Kanematsu, Sustainable Finance Partner at ERM, commented on the initiative, stating it marks a significant step forward in integrating nature-related considerations into financial decision-making. He added that the assessment aligns with the TNFD framework, a global initiative aimed at enhancing the management of nature-related risks and opportunities in the financial sector.
By applying ERM's rigorous assessment approach, developed in line with TNFD, SBTN, and ultimately the Kunming-Montreal Global Biodiversity Framework (GBF) Target 15, businesses are ensured to understand their impact on nature and take meaningful action to help shape a sustainable future that includes the protection and restoration of nature.
In addition to the assessment, ERM provided guidance on areas to focus on to advance Nissui's nature journey. This guidance will not only help Nissui but also set a precedent for other companies in the seafood and food manufacturing sector to follow suit in their commitment to sustainable practices.
The press release is related to Corporate Responsibility, Manufacturing, and Policy & Finance. Aquaculture, consumer products, and fishing are the main topics of the press release. For those interested in publishing news, events, jobs, and thought leadership related to sustainability and the seafood industry, EB Publishing offers a platform.
The global and Japanese regions are relevant to the press release. The fisheries industry is under increasing scrutiny for its impact on the environment, and initiatives like this one show a commitment to addressing these concerns and promoting sustainable practices within the industry. The impact assessment evaluates the suitability of KPIs, the adequacy or ambitiousness of target levels, and the appropriateness of response measures for the identified material nature-related impacts. The "Impact Finance for Nature" loan is designed to support businesses in reducing negative environmental impacts and contributing positively to nature.
In conclusion, the Nature Management Maturity Assessment Report for Nissui Corporation is a significant step forward in integrating nature-related considerations into financial decision-making. It not only helps Nissui but also sets a precedent for other companies in the seafood and food manufacturing sector to follow suit in their commitment to sustainable practices.
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