The Group recognizes that addressing climate change is an important management issue for realizing a sustainable society. Through GFANZ, which is the world's largest coalition of financial institutions with net-zero commitments (consisting of more than 550 financial institutions in 50 countries as of November 2022), we have been contributing to international rulemaking to achieve a decarbonized society.
To realize its objective of "accelerating the global net-zero transition" GFANZ works in various areas. These include supporting the development and effective implementation of net-zero transition plans across the financial industry, mobilizing capital for emerging markets and developing economies, and policy advocacy. It also focuses on responses at the regional level, having established the Asia-Pacific (APAC) Network in June 2022, the Africa Network in September 2022, and the Japan Chapter, the first GFANZ country chapter, launched as part of the APAC Network in June 2023.
Our thoughts on GFANZ
Director, Chair of the Board,Dai-ichi Life Holdings, Inc.
GFANZ Principals Group Member
GFANZ Japan Chapter
Consultative Group Chair
Seiji Inagaki
One of my favorite sayings is, "If you want to go fast, go alone. If you want to go far, go together." To achieve a sustainable future, I want to work hand-in-hand with the world's financial institutions to accelerate the global transition toward decarbonization. With this in mind, I have served as a member of the GFANZ Principals Group, which has determined the direction and priorities of GFANZ since its inception.
At Principals Group meetings, formed by the chairs of GFANZ and heads of various financial institutions, we actively discuss strategic directions for effectively accelerating the global decarbonization transition. At those meetings, I have emphasized the need to consider the characteristics of each country and region and the importance of transition finance for decarbonization in the APAC region.
It is very significant that the GFANZ APAC Network was established in June 2022 and the Japan Chapter, the first GFANZ country chapter in the world, was launched in June 2023. The Japan Chapter is essential to furthering Japan's leadership in combating climate change, and I am honored to serve as the first Chair of its Consultative Group.
I am devoted to making every effort to realize a decarbonized society and economy and to enhance the presence of Asia and Japan with the collaboration with various stakeholders including other financial institutions and government agencies.
Senior Sustainability SpecialistsInsurance Research Team
Dai-ichi Life International (Europe) Limited
Katsuki Tsuboi, Yuki Hoshihara
We take the co-leaders role of "Mainstream Transition Finance," a GFANZ workstream. This workstream promotes more financial institutions and investees to develop transition plans for achieving net-zero emissions. It also discusses what transition finance should be for accelerating net-zero in society by financing.
While a united global approach is required to achieve net-zero emissions, we should tailor our efforts to the circumstances of each country and region. The workstream includes financial institutions from a diverse range of countries and regions, including Europe, the United States, Africa, and Asia.
As a co-leader, we find it challenging, yet rewarding, to listen carefully to the voices of participating members and organize discussions on the way forward for the financial industry, taking into account the different socioeconomic conditions and industrial and energy structures in each country and region.
The Dai-ichi Life Group will accelerate its efforts to achieve net-zero emissions and lead the global efforts of the financial industry. We are at the forefront of these efforts and will contribute to the realization of the challenging global goal of achieving a net-zero society by 2050.