S-5. Percentage of SRI Type Securities Investment Fund Assets in Total Investment Trust Net Assets
1.Current Values
0.3%
2.Current Points (out of a perfect score of 100 by 2050)
2 points
Calculation method:
(Current value - minimum value) / (2050 target
value - minimum value) x 100
3. Explanation of Indicator
Socially responsible investing (SRI)
is the flow of socially considerate money and
the investment and lending activities that create
that flow. By encouraging corporate activities
that are ethical and contribute to sustainability
and by discouraging the opposite, SRI helps to
form not just financial capital but also the social
capital of ethical behavior and peace of mind.
SRI includes, in addition to 1) investment funds,
2) stock investments for shareholding purposes,
and 3) social ventures, community investments
and the like, but due to no reliable data at present,
our indicator is only for investment funds.
4.Target for 2050
20%
5.Ideal for the Future
100%
6. Rationale for Ideal and Target Values
The pursuit of short-term investment
returns that ignore social and environmental aspects
is at odds with sustainable value creation in
the long-term perspective. Shareholders and investors
should not simply want rights; they must also
want to fulfill the responsibilities that go with
those rights.
Investment trusts must at the very least eliminate
from their investment portfolios those companies
that have social problems, and so we have set
our ideal at 100%. The SRI working assets in the
United States SRI market, which is said to be
the most developed, total 2 trillion 175 billion
dollars (in 2003), and make up 11% of the financial
assets managed through financial institutions.
We have set the 2050 target value at 20%, a number
exceeding that, which will lead the world in SRI.
7. Source
Social
Investment Forum Japan, "Summary of SRI investment
funds in Japan" (Japanese only)
List
of SRI investment funds in Japan(Japanese only)
Investment Trusts Association Japan, "Total Net Assets
of Japanese Investment Trusts"
8. Notes
Total net assets of Japanese SRI investment
trusts are 115.7 billion yen (U.S.$ 1 billion),
and the total net assets of all investment funds
are 40 trillion, 999.7 billion yen (U.S.$ 356
billion).