JBIC Sustainability Governanceand Management Systems

January 2024

Contents
1Message from the Governor

P.3

2

Medium-term Business Plan

P.4

3

ESG Policy

P.6

4

Human Rights Policy

P.8

5Strengthening of Sustainability Governanceand Management Systems

P.9

Contributing to Sustainability Through aVariety of Policy-based Finance Tools

P.11（Appendix） About JBIC

P.13

672Copyright© Japan Bank for International Cooperation All Rights Reserved.

１．Message from the Governor
JBIC will contribute to the realization of “the colorful world” with
our expertise and long-standing relationships with ourstakeholders as a policy-based financial institution.
In line with our corporate philosophy: “positioned at the crossroads of global business
opportunities, JBIC is opening new venues to the future for the Japanese and globaleconomy”, JBIC has been engaged in addressing global issues toward realizing
sustainable development for the global economy and society.
The world had begun to normalize social and economic activities constrained under theCOVID-19 pandemic, when the Russian invasion of Ukraine shocked the world overtly
challenging world peace and prosperity and dealing a heavy blow on the global economy.
Energy, food, and other commodities are in critical shortage. Monetary conditions havebeen drastically tightened, leaving financial markets more volatile and uncertain.
I believe that the key for countries and companies to thrust forward in this age of
uncertainty and complexity lies in the pursuit of sustainability including SDGs anddecarbonization. Under its ESG Policy announced in October 2021, JBIC has
strengthened its sustainability governance and management systems and has beenproactively promoting green finance, transition finance and social impact finance. In July
2022, JBIC established “Global Investment Enhancement Facility" to support theoverseas businesses of Japanese companies contributing toward the preservation ofglobal environment and the realization of global sustainability by leveraging their cuttingedge or unique technologies.
I envision beyond such activities what should be waiting for us is “the colorful world” thatembraces diversified spectrum and gradation of countries and people. We will accelerate
efforts to support the energy transition towards a decarbonized society throughengagement with the relevant national governments and international institutions andwill strive for the realization of global sustainable developments and “the colorful world”
with the relevant stakeholders through resolving global challenges.
HAYASHI Nobumitsu, Governor
Japan Bank for International Cooperation

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２．Medium-term Business Plan （FY2021-FY2023）
JBIC’s Fourth Medium-term Business Plan (announced in June 2021), identified theaddressing of “global issues toward realizing sustainable development for the global
economy and society” as its first key focus area.

Fourth Medium-term Business Plan
Navigator in an era of transformation （JBIC Compass 2.0）

Key Focus Areas
1.Address global issues toward realizing sustainable
development for the global economy and society.
（Business）

2. Support the strengthening of the international
competitiveness of Japan’s industries in the era ofindustrial and social transformation
3. Propel strategic initiatives to promote quality
infrastructure projects overseas
4. Execute policy-based finance functions that areadapted to changes in the economic situation（Organization）

5. Develop a business structure that can adapt tochanges in the external environment

Action Plans① Respond to energy
transformation toward therealization of a decarbonizedsocietyGreenFinanceTransitionFinance② Support projects that
contribute toward resolvingsocial issues

SocialImpactFinance

6. Manage the organization efficiently in order to
respond to the “new normal.”
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２．Medium-term Business Plan （FY2021-FY2023）
JBIC is actively working to support this global agenda through the provision of green finance,transition finance and social impact finance.
To contribute toward the creation of a new ecosystem, with a view to reducing
greenhouse gases worldwide and realizing decarbonization in Japan, support efforts toreduce greenhouse gases and popularize green innovation by financing projects.
GreenFinancerenewable energy andenergy savings

Transition
Financegreen mobility

smart cities

production, transportation,and utilization of hydrogen

While working to engage host countries to make the shift toward sustainable energy,
provide support for initiatives toward global energy transition by financing projects inorder to contribute toward expanding businesses that help to reduce environmental burden.

Energy conversion

SocialImpact
Finance

smart energy

CCUS/carbon recycling

ammonia and hydrogen co-combustion

To contribute toward efforts aimed at resolving social issues in host countries and realize
sustainable growth, such as efforts to improve health, welfare and hygiene, create
employment, and develop sustainable cities and living spaces, provide support for projects
that assist resolving social issues in the host countries.

development andenhancement of the medicalcare environment

access to basic
infrastructure

improvement in thehygiene environment

development of theliving environment

food safety andsustainable food systems

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３．JBIC ESG Policy• JBIC released its ESG Policy in October 2021, in advance of COP26. JBIC is committed topursuing ambitious and accelerated efforts to achieve net-zero emissions in its financeportfolio by 2050.
• JBIC will contribute to realizing global carbon neutrality by supporting and accelerating
the energy transition towards a decarbonized society of emerging and developing
countries through continued engagement with the relevant national governments andauthorities.
① Policies towards the realization of sustainability
 Actively support Japanese companies andthe global economic community in theirefforts to achieve decarbonization and SDGgoals
 Support through the provision of green
finance, transition finance and social
impact finance Exercise its risk-assuming function as apolicy-based financial institution and longstanding relationships with its stakeholders
and overseas networks

 Appropriately disclose sustainability-related
information to its stakeholders
 Foster a culture that harnesses the diversityof its employees, promote Work Style
Reform and support individual careerdevelopment and knowledge development② Climate change policy
Contributing to
the global implementation ofthe Paris Agreement
JBIC is committed to pursuing ambitious
and accelerated efforts to reduce its
operational emissions to net zero by2030, and to achieve net-zero emissions
in its finance portfolio by 2050.

•••

Strengthening climate changerelated finance
Enhanced climate-related
financial disclosures pursuant
to the TCFD recommendation
Environmentally and sociallyconscious financings andinvestments
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３．JBIC ESG Policy ～Disclosure of Sustainability Information～
JBIC will contribute toward global sustainable development and resolving global
challenges, to ensure the realization of sustainable societies, by actively supporting
initiatives that promote decarbonization and the SDGs. Also, in recognition of theimportance of disclosing climate-related financial information, JBIC provides information
to its stakeholders as appropriate.

JBIC haｓ added a “Sustainability” chapter to its annual report to introduce its
sustainability initiatives and provides the latest information on the “Sustainability”
page of its website. In addition, JBIC has been disclosing climate-related
information based on the TCFD recommendations every year since October 2022.
～Climate-related Disclosures based on the TCFD Recommendations～

URL:https://www.jbic.go.jp/
en/information/annualreport/image/2022E_m00_f
ull.pdf#page=34

URL:
https://www.jbic.go.jp/ja/info
rmation/news/news2023/image/TCFD_2023.pdf

7
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４．JBIC Human Rights Policy• JBIC released its Human Rights Policy in April 2023. It expresses JBIC’s commitment tohuman rights, and states that JBIC expects its clients and suppliers to respect human rights.
• In recognition of respect for human rights as an important issue to be proactivelyaddressed, JBIC will continue to respect human rights and promote the realization ofsustainability, in line with this policy.
Philosophy••

Commitment toRespect Human Rights:• Respect international humanrights standards and endeavor
to respect human rights.
• Share the philosophy behind
this policy and expect suppliersand clients to endeavor torespect human rights.

Actions••【International human rights standards】
 The Universal Declaration of Human Rights
 International Covenants on Human Rights
 ILO Declaration on Fundamental Principles
and Rights at Work

Prohibit discrimination of any kind
Zero tolerance to human rights violations, includingharassment, forced labor, child labor, or humantrafficking••

Confirm the human rights considerations undertaken
pursuant to the Guidelines※
Take appropriate measures to remedy the situation in theevent that products or services provided by JBIC are foundto have caused or contributed to adverse impacts onhuman rights and establish a complaint counter
Familiarize executives and employees with the Policy
through training etc.
Adopt objection procedures concerning the Guidelines※and appropriate disclosure Guiding Principles on Business and HumanRights※ the Japan Bank for International Cooperation Guidelines for Confirmation ofEnvironmental and Social Considerations
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8

５．Strengthening of Sustainability Governance and Management Systems
In June 2022, JBIC has established the Sustainability Advisory Committee, Sustainability
Committee as a part of its efforts toward “strengthening its sustainability governance andmanagement systems,” as set out in the ESG Policy. JBIC will accelerate sustainability
management throughout the organization.
Supervisory and Evaluative Function

Sustainability Advisory Committee

Shareholder Meeting

Board ofCorporateAuditors

Accounting Auditor

Board ofDirectors

Management Advisory andEvaluation Committee

Office ofCorporate
AuditorRisk Advisory Committee
Sustainability Advisory
Committee

Internal Audit
Committee

Executive Function
Executive Committee

Internal Audit
Department

Credit Committee
Corporate Risk
ManagementCommittee

ALM Committee

An advisory body of the Board of Directors,
comprising external experts. It provides advice onmatters such as JBIC’s policies for advancing
initiatives toward the realization of sustainability.
Committee Members
NameProfession

Prof. Yukari
Takamura

Professor, Institute for Future
Initiatives, the University ofTokyo

Prof. RachelKyte

Dean Emerita, the Fletcher
School, Tufts University

Prof. Tim
BentonDirector, Environment andSociety Centre, Chatham House

Global Head Committee
Compliance andCustomer Protection
ManagementCommittee

Sustainability Committee

Information Security and ICT
Promotion Committee

Personnel Committee

Sustainability Committee

Deliberate on JBIC’s policies for promoting
sustainability and other important matters, basedon the mandate of the Executive Committee.

【Decision Committees】【Deliberative Committees】

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9５．Strengthening of Sustainability Governance and Management Systems
Sustainability Management Department has been established under the
Corporate Planning Group to promote JBIC’s initiatives toward the realization ofsustainability.
Corporate Planning Group

Corporate Planning Department

Credit, Assessment andRisk Management Group

Legal Affairs and Compliance OfficeTreasury and Systems Group

Human Resources Management Office

Energy and Natural Resources
Finance Group

Sustainability Management Department

Infrastructure andEnvironment Finance Group

Strategic Research Department

Industry Finance Group
Equity Finance Group
10Copyright© Japan Bank for International Cooperation All Rights Reserved.

6．Contributing to Sustainability through a Variety of Policy-based Finance Tools••JBIC will contribute to addressing climate change issues and realization of sustainability in theinternational economy and society through the maximum use of its functions as a policy-based
financial institution, including various types of financing, engagement, and multilateral cooperation.
In addition to the establishment of a support menu for the realization of sustainability, such as theGREEN Operations and the Global Investment Enhancement Facility, the JBIC Act was revised inApril 2023, and JBIC is enhancing its risk-taking capacity to support the creation of innovations byJapanese companies, including start-ups, which is necessary for the realization of a sustainablesociety.
Global Investment Enhancement Facility （since July 2022）
Financing

Green Bond
Issuance

Enhancement of
JBIC functions（April 2023)

Contribution
towards therealization of adecarbonizedsociety andsustainability

Multilateral cooperation
and Collaboration withInternational Institutions

Global Value Chain Resilience Window
Sustainability Window Contribution toward preserving the global environment Renewable energy, energy savings and green mobility

Engagement

Low-carbon technologies and materials
Technologies that are expected to contribute toward
preserving the global environment**e.g. Prevention of air pollution, water pollution, and marine plastic pollution

 Enhancement of the resilience of the whole value chainsfrom upstream to downstream businesses

Enhancement of supply chain resilience
Expansion of high-quality infrastructure
Creation of markets by utilizing technologies or strengths

GREEN Operations
JBIC supports projects that are expected to have a favorable impact on theprotection of the global environment,
including construction of photovoltaic
エンゲージメント
power plants utilizing advanced environmental technologies and installation ofenergy-saving equipment through loans, equity participation and guarantees.

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11

７．Appendix : About JBIC
● ProfileName

Japan Bank for International Cooperation (JBIC)

Office4-1 Ohtemachi 1-chome, Chiyodaku, Tokyo 100-8144, Japan

Establishment
DateApril 1, 2012

HAYASHI Nobumitsu

Support Menu

Export Loans, Import Loans, Overseas Investment
Loans, Untied Loans, Equity Participations,
Guarantees, and Research and Studies.

Governor

Positioned at the crossroads of global business opportunities, JBIC is opening new venues to the future
for the Japanese and global economy.
CorporatePhilosophy

Hands‐on Policy: Pioneering new value by participating at the forefront of overseas project development,
and by engaging proactively in projects from the early stages
Customer‐1st Approach: Offering customers one‐of‐a‐kind solutions by adopting their perspectives andintegrating their views into policy development
Forward‐looking Action: Contributing to the sustainable development of Japan and the world as a whole
by deploying highly professional skills, with a view to realizing a secure and affluent future society● Overseas Network● Corporate Slogan

12Copyright© Japan Bank for International Cooperation All Rights Reserved.

７．Appendix : About JBIC
● The Mission of JBIC
JBIC’s mission is to contribute to the sound development of Japan and international
economy and society by conducting financial operation in the following four fields:

1

Promoting the overseas development andsecurement of resources which are important forJapan

3

Promoting the overseas business having thepurpose of preserving the global environment, suchas preventing global warming2

Maintaining and improving the international
competitiveness of Japanese industries

4

Preventing disruptions to international financial
order or taking appropriate measures with respect
to damages caused by such disruption

13Copyright© Japan Bank for International Cooperation All Rights Reserved.

JBIC website
Sustainability initiatives

JBIC ESG Policy Introduction
to Initiatives

You can also watch the video
about our initiatives via this link.

URL：
https://www.jbic.go.jp/en/sustainability.html

URL:
https://www.jbic.go.jp/en/image/ESG_Policy_EN.pdf