Nomura Appointed as Chair of GX League's Working Group on Disclosure and Evaluation of Climate-related Opportunities
Nomura Holdings, Inc. today announced that it was appointed as chair of “The Working Group on Disclosure and Evaluation of Climate-related Opportunities,” a GX League1 working group. Nomura also served as chair of the Working Group last year.
The Working Group is part of the GX League's efforts to develop rules for market creation. It consists of over 90 companies from a wide range of sectors, such as finance, energy, materials, heavy engineering, trading and construction, including six leading companies led by Nomura.
To help realize a carbon neutral society, the Working Group aims to establish an appropriate framework to evaluate opportunities for Japanese companies to contribute to climate change. As part of this, the Working Group will continue to discuss factors for evaluating and disclosing climaterelated opportunities from the perspective of both companies and financial institutions.
In addition, the Working Group will have in-depth discussions on avoided emissions2 , a topic which is discussed in the "Basic Guidelines for Disclosure and Evaluation in Climate-related Opportunities" issued by the Working Group in March 2023, as well as mentioned in the G7 Climate, Energy and Environment Ministers' Communiqué in April 2023, and Prime Minister Kishida's speech at PRI in Person 3 in October 2023. Discussions will include avoided emissions assessments conducted by financial institutions and recommended disclosures by companies.
Nomura will continue to encourage discussion on climate-related opportunities to ensure the efforts of companies engaged in green transformation are assessed appropriately.
In keeping with its aim to Drive Sustainability, Nomura is committed to helping resolve social issues and creating a more sustainable future. By supporting clients' sustainability initiatives and the transition to a decarbonized society, Nomura will continue to deliver high added value towards the creation of a truly prosperous society.
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