Key Players in Japan
A growing number of organizations are engaging in impact investing in Japan.
Based on the 2019 survey results of annual survey conducted by the GSG-NAB Japan, the table below summarizes the key organizations engaging in impact investing in Japan *Note 1 .
＊Note 1 The survey was conducted from October to December 2019. 523 surveys were sent out and 52 responses were collected, with a response rate of 9.9%. Of those 52, a total of 16 were acknowledged as impact investing cases according to the criteria reviewed by the GSG-NAB Japan.
|Type||Name of organization||Examples of impact investing|
|Governmental financial institutions||Japan International Cooperation Agency (JICA)||Investments and loans to overseas microfinance business and other projects including JAPAN ASEAN Women Empowerment Fund|
|Management firms||Asset Management One Co., Ltd.||Japan Equity Impact Investing|
|Sumitomo Mitsui Trust Asset Management Co., Ltd.||Japanese equity SRI fund|
|Kamakura Investment Management Co., Ltd.||Publicly Offered Investment Trust “Yui 2101” which invests in listed or unlisted companies|
|Nomura Asset Management Co., Ltd.||Nomura ACI Advance Medical Impact Fund|
|Major banks||Mizuho Bank, Ltd||Social Impact Bond for the promotion of colon cancer screening in Hiroshima Prefecture, and Japan Impact Investment II Limited Partnership|
|Sumitomo Mitsui Banking Corporation||Social Impact Bond in Kobe City for prevention of severe diabetic nephropathy (“Kobe City SIB”)|
|Insurance companies||The Dai-ichi Life Insurance Company, Limited||Investment in renewable energy, microfinance business in developing countries, extension of healthy life expectancy, employment creation, and startups which aim to solve social issues in the field of promoting a society with women’s empowerment, etc., and impact investment in listed companies, PE Fund, and SIB|
|Venture capital firms||Shinsei Corporate Investment Limited||Japan Impact Investment I Limited Partnership and Japan Impact Investment II Limited Partnership/td>|
|Digisearch and Advertising, Inc.||Investment in Social Impact Bond for the promotion of colon cancer screening in Hachioji City, Angel Investment, and Share Fund|
|Foundations||The Social Innovation and Investment Foundation||Investment in SIBs (Kobe City, Hachioji City, Hiroshima Prefecture, etc.), healthcare tech startup with a social impact measurement system, impact investment intermediaries, direct investment in ADDress Co., Ltd., and investment in Japan Impact Investment II Limited Partnership|
|Sasakawa Peace Foundatio||Investment in Blue Orchard Micro Finance Fund and Japan ASEAN Women Empowerment Fund|
|Organizations specializing in impact investing||KIBOW Foundation||Investment in enterprises operating social businesses through the KIBOW Shakai Toshi Fund|
|Plus Social Investment||SIBs (Saijo City, Higashiomi City, and Toyonaka City)|
|Other organizations||Hitachi Capital Corporation||Green Bond|
|Nanto Lease Co., Ltd.||Nanto Regional Vitality Creation Support Investment Limited Partnership|
(Source) The Current State of Impact Investing in Japan 2019