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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:

 

Althelia Ecosphere

ASN Bank

Banco Mercantile del Norte, S.A.

Banco Pichincha

Caisse des Depots

Caixa Econômica Federal

Caledonia Wealth Management

Calvert Investments

China Merchants Bank

CI Banco

Cyrte Investments

Financiera Rural

FIRA-Banco de Mexico

Fundación Social

IFC

Infraprev

MN services

Mongeral Aegon

Monte dei Paschi di Siena

Mutualista Pichincha

National Australia Bank

Nedbank

Oppenheim

Pax World Management Corp.

Rabobank International

Robeco

Shenzhen Development Bank

SNS Asset Management

Sovereign

Société Forestière

Standard Chartered

Sumitomo Mitsui Trust Bank

Unicredit

Vision Banco

Zevin Asset Management

 



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