NREAM is a signatory to the following initiatives.
The Principles for Responsible Investment (PRI) initiative is an international network of investors working together to put six principles for responsible investment into practice. The principles, which were proposed for the financial sector in 2006 by the then UN Secretary-General, Kofi Annan, are promoted by the United Nations Environment Programme (UNEP) and the United Nations Global Compact (UNGC).
The principles call on investors to incorporate environmental, social and corporate governance (ESG) issues into investment decision-making. By including those issues in the investment process, the goal is to improve long-term investment performance and further enhance fiduciary duty.
NREAM subscribes to the fundamental principles of the PRI and became a signatory in December 2017.
Principles for Responsible Investment – Summary
The United Nations Environment Programme (UNEP) was established by the General Assembly in 1972 as an agency of the United Nations. The agency was created to implement the Declaration on the Human Environment and the related Action Plan, which were approved at the Stockholm Conference on the Human Environment in 1972.
The United Nations Environment Programme Finance Initiative (UNEP FI) was established in 1992 as a wide-ranging, close partnership between the UNEP and more than 200 banks, insurance companies, securities firms and other members from the financial sector worldwide. Since it was established, the partnership has worked with financial institutions, policymakers and regulatory authorities to create a financial system that takes into account both economic development and ESG factors.(UNEP FI)
NREAM subscribes to the fundamental principles of the UNEP FI and became a signatory in December 2017.
Japan Climate Initiative was established in July 2018 to participate in the global forefront of decarbonization from Japan based on the belief that "converting to the decarbonized society envisioned by the Paris Agreement creates opportunities for new growth and development." It is a network of non-governmental parties in Japan, various companies, municipalities, organizations and NGOs, who are proactively implementing measures against climate change.
NREAM subscribes to the fundamental priciples of JCI and became a member in October 2018.
Principles for Financial Action Towards a Sustainable Society, or Principles for Financial Action for the 21st Century (PFA21), began at the request of the Minister of Environment, and the Central Environment Council’s Expert Committee on Environment and Finance presented a policy recommendation to expand the circle of commitment for environmental financial action. The principles were then established in October 2011 as a guideline for financial institutions seeking to fulfil their roles and responsibilities in shaping a sustainable society, with the Ministry of Environment taking on the role of secretariat.
Signatory financial institutions will implement initiatives based on the seven principles, to the extent possible within their business context. It is intended to be a starting point for the like-minded to cooperate without being restricted to their specific industry, scale and geography.