- Decline of traditional business models due to prolonged low interest rates
- Need to respond to changes such as the entry of companies from other industries and the expansion of online banking
- Increasing global efforts to address climate change
- Rising energy and raw material prices caused by heightened geopolitical risks
- Increase in business closures and dissolutions and a decline in business establishments in Iwate Prefecture due to population outflow, worker shortage, and lack of successors
- Transition risks related to decarbonization across various sectors
- Physical risks related to climate change, including extreme weather events
The Bank of Iwate, Ltd.
Greenhouse gas emissions & sustainability report data
In its 2023-04-01 to 2024-03-31 reporting, The Bank of Iwate, Ltd. disclosed greenhouse gas emissions of 2.8K tCO2e/year (2023). By scope: Scope 1: 1.1K tCO2e/year (2023); Scope 2: 1.8K tCO2e/year (2023); Scope 3: 1.3M tCO2e/year (2023). Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
2.8K tCO2e/year (2023)
2023-04-01 to 2024-03-31
📊 Emissions by Scope (2023-04-01 to 2024-03-31)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 1.1K tCO2e/year (2023) |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 1.8K tCO2e/year (2023) |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 1.3M tCO2e/year (2023) |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023-04-01 to 2024-03-31 | 2.8K tCO2e/year (2023) |
| 2022-04-01 to 2023-03-31 | 4.7K tCO2e/year (2022) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced Scope 1 and 2 GHG emissions from 4,660 t-CO2 to 2,825 t-CO2
- A subsidiary’s entry into the renewable energy-related business
- Participation in the “30 by 30 Alliance for Biodiversity”
- Joint promotion of Iwate Prefecture’s “Comprehensive Production Base for Food and Energy” project
- Endorsing the “Decokatsu” (a national movement to create a new rich lifestyle toward decarbonization)
🎯 Climate & Sustainability Targets
🔜 Short-term
- Achieve ¥7.0 billion in consolidated net income and an ROE of over 4.0% by FY2025
📅 Medium-term
- Achieve long-term targets of ¥10.0 billion in consolidated net income and an ROE of 5% or higher by FY2032
- Achieve over ¥1.0 billion in customer service business profit by FY2025
- Reduce OHR to 60% levels by FY2025
- Achieve 30% or more percentage of women in newly appointed manager positions by FY2030
- Achieve 100% or more percentage of male employees taking childcare leave by FY2030
🔭 Long-term
- Becoming “a company of value co-creation that will solve our customers’ issues and drive the sustainable growth of the local community” by FY2032
🌱 ESG Focus Areas
Regional development and support for the growth of regional industriesProviding services and value through the use of dataLeading and innovative responses toward the realization of a decarbonized societyBuilding an organization that maximizes the value of human resources (Human Capital Management)Enhancement of our corporate governance structure