In light of the United Nations Sustainable Development Goals (SDGs) and international agreements such as the Paris Agreement, there is a growing need to accelerate the discussion on sustainability and adopt a more multifaceted approach.
Nomura Institute of Capital Markets Research (NICMR) has established the Nomura Research Center of Sustainability in December 2019. The research center will focus on objective and practical research. The center strategically identify and research the fields of sustainability closely related to financial and capital markets, and provide clients with high value-added information and proposals.

In light of the SDGs (the United Nations Sustainable Development Goals) and international agreements such as the Paris Agreement, there is a growing need to accelerate the discussion on sustainability and adopt a more multifaceted approach. Recent capital market trends show that the concept of integrating ESG factors (Environment, Social, and Governance) into the investment process has taken hold and issuance of SDG bonds (green bonds, social bonds, and sustainability bonds collectively) has increased. In addition, companies are encouraged to disclose information on their climate change initiatives (e.g. recommendations by the Task Force on Climate-related Financial Disclosures〈TCFD〉, which was established by the Financial Stability Board〈FSB〉) and financial authorities require financial institutions to pay more attention to climate change risk (e.g. stress tests related to climate change done on financial institutions by central banks in the United Kingdom and the Netherlands). There is also the possibility that climate change could affect central and local governments’ ability to obtain funds for infrastructure and public facilities. As a result, investors, companies, governments and other economic entities are increasingly looking into scientific research, as well as the potential financial and non-financial impacts of sustainability issues. More clients are also looking for solutions for sustainability in the financial and capital markets.
As an independent research institute within Nomura Group, Nomura Institute of Capital Markets Research (Hereafter, “NICMR”) has been working to strengthen its sustainability initiatives. In addition to publishing research papers, in 2018 NICMR set up a dedicated, cross-collaborative research group comprising experts from industry, government and academia to focus on the sustainable development of ESG. Based on these research outcomes, NICMR has established the Nomura Research Center of Sustainability in December 2019.
The new research center will focus on objective and practical research. The center will strategically identify and conduct research into areas of sustainability closely related to the financial and capital markets and provide value-added information and proposals to clients. Specifically, NICMR plans to create an open platform to connect people within Nomura Group with people outside, including through collaboration between external advisors and specialists at the firm. NICMR will also collaborate with relevant international organizations to determine the themes and scope of its research and what forms of information to disclose.     
Under our corporate mission to enrich society through its expertise in capital markets, Nomura Group will continue to support sustainable economic growth and creation of a prosperous society by providing the best services and solutions to our clients.

Press release on December 12, 2019
Nomura Establishes Sustainability Research Center
https://www.nomuraholdings.com/news/nr/etc/20191212/nicmr20191212.pdf

Nomura Holdings, Inc.
Environmental Management Policy (Long-Term Vision for Global Warming)
https://www.nomuraholdings.com/csr/environment/management.html