35 financial institutions endorse Natural Capital Declaration – first Japanese signatory
The CEOs of Banca Monte dei Paschi di Siena, the Caisse des Dépôts group, and Sumitomo Mitsui Trust Holding, Inc., have signed the Natural Capital Declaration this week, bringing the number of endorsers to 35.
Sumitomo Mitsui Trust Banking is the first Japanese endorser of the Declaration, which is a commitment by financial institutions (lenders, investors, insurers and reinsurers) to work towards integrating natural capital considerations into their financial products and services.
Sumitomo, Caisse des Dépôts of France, and Banca Monte dei Paschi di Siena of Italy join financial institutions from Australia, Brazil, the British Isles, China, Ecuador, Italy, Mexico, the Netherlands, New Zealand, Paraguay, South Africa and the USA in endorsing the Declaration.
Kunitaro Kitamura, President of Sumitomo Mitsui Trust Holding, Inc., said, “Natural capital (the Earth’s natural assets) are the most fundamental assets which make human life possible. Damage to natural capital would inevitably prevent the conduct of sound business operations over the long term, and repairing such damage is no easy task.
Kitamura added that by becoming a signatory to the Natural Capital Declaration, Sumitomo would further advance financial products and services it has developed in order to protect natural capital, and contribute “to the realisation of a world in which humans can use natural capital in a sustainable manner.”
The Declaration, which is signed by the CEOs of financial institutions around the world, will be the focus of three events at the UN Conference on Sustainable Development (Rio+20) taking place in Brazil from 13-22 June.
The full list of signatories to date, in alphabetical order, is below:
Banco Mercantile del Norte, S.A.
Caisse des Depots
Caixa Econômica Federal
Caledonia Wealth Management
China Merchants Bank
FIRA-Banco de Mexico
Monte dei Paschi di Siena
National Australia Bank
Pax World Management Corp.
Shenzhen Development Bank
SNS Asset Management
Sumitomo Mitsui Trust Bank
Zevin Asset Management
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