Nomura Research Institute : ESG Databook 2025

ESG DATA BOOK 2025

Year ended 31 March 2025

Environment Social

Governance

ESG Databook 2025 Contents

Sustainability Management		■
	Sustainability Policy	P.1
	Stakeholders	P.6
	Materiality	P.8
	Information Disclosure	P.22

Governance		■
	Corporate Governance - Management Approach	P.25
	Corporate Governance - Data	P.27
	Risk Management - Management Approach	P.40
	Risk Management - Data	P.42
	Compliance - Management Approach	P.52
	Compliance - Data	P.53
	Supply Chain Management - Management Approach	P.59
	Supply Chain Management - Data	P.62
	Client Relationship Management - Management Approach	P.67
	Client Relationship Management - Data	P.68
	Innovation Management - Data	P.69
	Quality of Information Systems - Management Approach	P.70
	Quality of Information Systems - Data	P.71
	Information Security - Management Approach	P.79
	Information Security - Data	P.80

Environment		■
	Environmental Management - Management Approach	P.87
	Environmental Management - Data	P.90
	Climate Change (Disclosure based on TCFD)	P.94
	Greenhouse Gas Emissions - Data	P.105
	Energy Consumption - Data	P.106
	Biodiversity (Disclosure based on TNFD)	P.107
	Resource Use, Waste - Data	P.111
	NRI Green Bond (3rd Unsecured) - Data	P.112
	NRI Sustainability-Linked Bonds (8th series unsecured straight corporate bonds) - Data	P.115

Social		■
	Labor Practices, Diversity - Management Approach	P.116
	Labor Practices, Diversity - Data	P.119
	Occupational Health and Safety - Management Approach	P.134
	Occupational Health and Safety - Data	P.136
	Human Resources Development - Management Approach	P.142
	Human Resources Development - Data	P.144
	Business and Human Rights - Management Approach	P.156
	Business and Human Rights - Data	P.157
	Corporate Citizenship - Data	P.175

Independent Assurance P.180

■

Independent Assurance

GRI Standards Content Index P.191

■

GRI Standards Content Index

• Symbol legend Symbols in the table

  -	Data not available
  n/a	Not applicable

  Symbols for the data coverage

  a	NRI group
  a-	NRI group (Some ranges excluded)
  b	NRI group (Domestic)
  b-	NRI group (Domestic, some ranges excluded)
  c	NRI (Non-consolidated)
  c-	NRI (Non-consolidated, some ranges excluded)
  d	Others

  Organizations covered by this report

  Regarding disclosure of financial and non- financial information, in principle, it covers the NRI Group (Nomura Research Institute, Ltd. and its consolidated subsidiary).

  There are some non- financial information that covers a specific range, but in that case, the target scope is clearly stated separately.

  Period covered by this report

  This report primarily covers fiscal 2024 (April 1, 2024 through to March 31, 2025), but also describes some events from the past, some activities after April 1, 2025, and certain plans for future activities.

  Guidelines referenced

  • G4 Sustainability Reporting Guidelines of the Global Reporting Initiative

  • Environmental Reporting Guidelines (2018 version) of the Ministry of the Environment of Japan

  • Guiding Principles for Business and Human Rights of the

Publication date

July 2025

(the next report is scheduled for publication in July 2026).

Trademarks

All proper names, including names of companies and products, found in the web version of the Report are trademarks or registered trademarks of the respective companies.

Disclaimer

The web version of the Report contains not only past and present facts about the NRI Group but also plans and forecasts based on information available as of May 2025, the date of publication of the ESG Databook 2025 in Japanese. Changes in assumed conditions may accordingly mean that future outcomes and events for our business activities differ from these plans and forecasts.

The names of organizations, executive positions, etc., listed herein are current as of the time of the activeties or publication of this report.

■

Sustainability Policy

A01

Sustainability Management

▶NRI's founding objective and approach to solving social issues

NRI sustainability management policy

Nomura Research Institute, Ltd. (NRI) was born out of the 1988 merger between the former Nomura Research Institute, Ltd., founded in 1965 as Japan's first comprehensive private sector think tank, and Nomura Computer Systems Co., Ltd., which was established in 1966 and achieved the first business applications for commercial computers in Japan. The prospectus of the former Nomura Research Institute, Ltd., included the objective "Promoting the industrial economy and serving the general community through research." This objective is the starting point for sustainability management in the NRI Group. For us, "achieving social value along with economic value" is not something special. It is something we have been engaged in since our founding. The 1988 merger was conducted based on the idea that "in the upcoming advanced information society, neither could there exist a think-tank without system functions nor a systems company without a think-tank function," having foreseen a word truly like the one surrounding us today where the power of digital has become a requirement in every field. The spirit of challenging ourselves to resolve social issues and to create new social value through our core business has been passed down until today as the NRI Group's DNA.

Positioning of MVV and Sustainability Management

The MVV (Mission, Vision, and Values) of the NRI Group are comprised of our Corporate Philosophy (Mission & Values) and our NRI Group Vision 2030 (V2030) long-term management vision, and the concept of sustainability penetrates our entire MVV.

We will continue to promote "Building sustainable futures" and "Achieving growth strategies for the NRI Group" via value co-creation with our customers based on this MVV.

1

■

Sustainability Policy

A01

Sustainability Management

NRI Group Corporate Philosophy (Mission＆Values)

NRI Group Vision 2030 (V2030)

As we head into the future, the economic environment faced by companies is expected to change greatly, as social issues become more complex, industrial structure becomes more fluid, technologies evolve and commoditize, and values and work styles become more diverse. Despite such a business environment, the NRI Group possesses unique strengths for discerning what we want the future to look like and how we can achieve it with digital technologies. It is because the NRI Group is in the middle of this complex and unpredictable maelstrom of environmental changes that we are confident that we can utilize our strengths and thereby maximize their true value.

In the NRI Group Vision 2030 (V2030) announced in April 2023, our vision statement is given as "Envision the Value, Empower the Change" and our vision for the NRI Group in 2030 is to "Pioneer the merging of management and technology, discern the affluence after DX, and become a company that can dynamically transform the world with digital social capital." We will aim to deepen and evolve our core business and achieve further growth in our DX (digital transformation) business and global business.

2