Shinsei Bank Focuses on Corporate Sustainability.Tokyo, Japan, Sept 25, 2007 - (JCN JCN Japan Corporate News JCN Journal of Cognitive Neuroscience JCN Journal of Cardiovascular Nursing JCN Journal of Christian Nursing JCN Job Control Number JCN Journal of Child Neurology JCN joint communications network (US DoD) Newswire) - Banks today are confronted with new and complex challenges to profitability and competitiveness, ranging from climate change and resource shortages to a growing backlash against globalization globalization Process by which the experience of everyday life, marked by the diffusion of commodities and ideas, is becoming standardized around the world. Factors that have contributed to globalization include increasingly sophisticated communications and transportation . To manage these emerging environmental, social and governance risks, Shinsei Bank Shinsei Bank, Ltd. (株式会社新生銀行 , Limited (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). : 8303) today announced it has set up a division dedicated to building and sustaining corporate value in a way that will maximize profits, reflect the bank's values and meet the expectations of all stakeholders Stakeholders All parties that have an interest, financial or otherwise, in a firm-stockholders, creditors, bondholders, employees, customers, management, the community, and the government. . "A sound sustainability strategy is not a choice - it is critical to our ability to remain competitive and generate long-term value for all stakeholders," said Thierry Porte, Shinsei Bank's president and chief executive officer. "These new challenges can be turned into opportunities." Shinsei's Corporate Value Division will focus on sustaining corporate value by assessing and managing risks posed by global environmental threats and social change. Exposed to these issues through loan and investment portfolios, banks are under increasing scrutiny from stakeholders opposed to environmentally and socially harmful business practices. Leading financial institutions are building these risk factors into their risk management and brand defense strategies. But Shinsei also sees this as a valuable opportunity. Corporate sustainability practises can significantly enhance long-term profitability and corporate value by offering new ways to protect the company from environmental, social and governance risks; enhancing efficiency and productivity; allowing for development of new products and services which open new markets where business interests and society's interests intersect In a relational database, to match two files and produce a third file with records that are common in both. For example, intersecting an American file and a programmer file would yield American programmers. and by providing an improved corporate reputation, higher employee morale and increased customer goodwill. Shinsei will carefully measure and monitor the corporate value created by the sustainable practises that it introduces and will benchmark its performance against corporate sustainability best practices worldwide. The Corporate Value Division will consist of offices of corporate sustainability, corporate philanthropy philanthropy, the spirit of active goodwill toward others as demonstrated in efforts to promote their welfare. The term is often used interchangeably with charity. and brand management. Alex de Laiglesia will head the new division, moving from his current position as head of international investor relations Investor relations The process by which the corporation communicates with its investors. . About Shinsei Bank Shinsei Bank is a Japanese financial institution providing a full range of financial products and services to both institutional and retail customers based on a three pillar pillar, freestanding columnar supporting member. It is a general term, little used as an exact architectural definition except as applied to an upright support in the medieval styles, consisting of an assemblage of juxtaposed shafts and moldings; unlike the column, strategic business model comprising Institutional Banking, Consumer and Commercial Finance and Retail Banking. The Bank has total assets of US$ 92 billion on a consolidated basis (as of March 2007) and a network of 30 Shinsei Bank branches in Japan. Shinsei Bank demands uncompromising levels of integrity and transparency in all its activities to earn the trust of customers, staff and shareholders. The Bank is committed to delivering long-term profit growth and increasing value for all its stakeholders. News and other information about Shinsei Bank are available at www.shinseibank.com/english. Source: Shinsei Bank Contact: Shinsei Bank, Limited Corporate Communications Division Tel.: +81-3-5511-5111 Japan Corporate News Network. All rights reserved. |
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