ERM supports Nissui with development of nature-focused finance product

Global sustainability consultancy ERM has completed an assessment of nature-related impact and risk management practices for Nissui Corporation, a Japanese seafood and food manufacturer.

The assessment by ERM was undertaken as part of Nissui’s use of a new financial product, called ‘Impact Finance for Nature’, which was developed by Sumitomo Mitsui Trust Bank. This product is basically a loan for businesses that helps them reduce their negative environmental and nature impacts.

The product is aligned with Nissui’s mission to promote and support businesses that consider natural capital and the environment in their strategy. The Japanese company has designated marine biodiversity as one of its key ESG objectives, incorporating marine biodiversity conservation and sustainable resource use into management decision-making.

The Impact Finance for Nature product was supported by ERM at several stages. At the strategic level, ERM advised Nissui on its nature journey. The consulting firm also conducted an impact assessment on the product, and a so-called natural capital management assessment (TNFD-aligned assessment), which explores governance, risk and nature-related considerations in alignment with the TNFD framework.

Commenting on the project, ERM partner Kosuke Kanematsu said: “ERM is proud to support Nissui and Sumitomo Mitsui Trust Bank in pioneering nature-focused impact finance in Japan. This initiative marks a significant step forward in integrating nature-related considerations into financial decision-making.”

“By applying ERM’s rigorous assessment approach, developed in line with TNFD, SBTN, and ultimately the Kunming-Montreal Global Biodiversity Framework (GBF) Target 15, we ensure that businesses not only understand their impact on nature but also take meaningful action to help shape a sustainable future that includes the protection and restoration of nature.”