Nomura Real Estate Holdings Inc

Lobbying Transparency and Governance

Sign up to access all our data and the evidence and analysis underlying our overall scores. Once you've created an account, we'll get in touch with further details:

Direct Lobbying Transparency
Overall Assessment Comment Score
Limited Nomura Real Estate Holdings provides only limited insight into its climate-policy lobbying. It identifies one specific policy focus, the Japanese “炭素税” (carbon tax), and classifies this within the broader category of “Carbon pricing, taxes, and subsidies,” showing some transparency about the subject matter but not demonstrating engagement with any other measures. The company also describes the way it lobbied, noting that it held an “意見交換” (exchange of opinions) meeting with “東京都C&Tの担当者” (Tokyo C&T representatives) under the auspices of the Real Estate Association, which clarifies both the mechanism (a meeting) and the policymaking target. However, it does not describe any other forms of engagement or additional audiences. On outcomes, it merely states “Support with no exceptions” for the carbon tax and links this stance to alignment with the Paris Agreement, without setting out concrete amendments, numeric targets, or legislative changes it is trying to secure. Consequently, while the disclosure confirms the company’s involvement and basic stance, it offers few specifics on the breadth of policies, the range of lobbying channels, or the detailed results it seeks. 1
Lobbying Governance
Overall Assessment Comment Score
Moderate Nomura Real Estate Holdings has a process to align its indirect lobbying activities with its climate commitments by leveraging its leadership and internal monitoring functions: the Nomura Real Estate Holdings Board Chair and Group CEO serves as “副理事長を務めており、政府の気候変動政策や気候変動政策に対する業界団体の立場を支援している,” while the NRE-HD “経営企画部は、不動産協会の動向全般を都度確認している.” The resolutions and discussion points of the industry body “は、取締役会や経営会議等に適宜フィードバックされ、協会の方針・戦略が自社の戦略と一致しているか確認している,” demonstrating a specific individual and ongoing review mechanism for indirect engagement. However, the company does not disclose any process for governing its direct lobbying activities or a dedicated climate-lobbying review, nor is there a publicly available audit or report evaluating the alignment of its lobbying with its climate goals. 2