Updated by the Forest Circular Economy Editorial Department on November 1, 2025, 12:05 AM JST
Editorial Board, Forest Circular Economy
Forestcircularity-editor
We aim to realize "Vision 2050: Japan Shines, Forest Circular Economy" promoted by the Platinum Forest Industry Initiative. We will disseminate ideas and initiatives to promote biomass chemistry, realize woody and lumbery communities, and encourage innovation in the forestry industry in order to fully utilize forest resources to decarbonize the economy, strengthen economic security, and create local communities.
Hokkoku Bank signed a Positive Impact Finance (PIF) agreement with Mori Mirai, a timber distribution company, on October 31. This financing analyzes the impact of corporate activities on the environment, society, and economy, and supports related initiatives. Mori Mirai's business was recognized for its positive environmental and social impacts, including the sustainable use of forest resources through revised timber procurement standards and optimized distribution, as well as improvements in working conditions.
Regarding this evaluation and impact finance implementation framework, Japan Credit Rating Agency (JCR) has obtained a third-party opinion stating that it complies with the United Nations Environment Programme's "Positive Impact Finance Principles."
This PIF agreement holds significant importance as it is led by regional financial institutions, which evaluate and provide financial backing for the operations of local companies involved in forest resources. To reduce environmental impact, promote the sustainable use of local resources, and create new value for the regional economy, the active involvement of financial institutions is crucial. Support from regional financial institutions for the sustainability management of local companies holds great potential to contribute significantly to environmental conservation and sustainable development within local communities.
Reference Links
Hokuriku Bank, Ltd. Signs Positive Impact Finance Agreement with Mori Mirai Co., Ltd.
