ORIX Corporation is a Japanese diversified financial services provider. The company operates through six segments: Corporate Financial Services, Maintenance Leasing, Real Estate, Investment and Operation, Retail and Overseas Business. ORIX has a substantial Environment and Energy Services division, too. The company operates over 2,000 locations in 37 countries and has more than 33,000 employees.
ORIX Corporation takes pride in its social contributions and environmental initiatives. The company recently introduced the ORIX Foundation, which conducts community-building and support activities in traditionally underserved areas and encourages employees to participate in charitable activities and events that it organizes. ORIX also partakes in environmental stewardship activities, including a project to restore coral reefs in Okinawa and a reforestation initiative to replaced trees damaged by typhoons. The company runs a wide range of “Eco-Service” businesses, including renewable power generation, recycling systems and waste processing, car rental and sharing, sales of tradable green power certificates and eco-friendly real estate. ORIX operates over 100 mega-solar sites across Japan, bringing the total capacity of the company’s solar investments to approximately 900MW. The company’s environmental policy states that it will maintain an understanding of its operational environmental impacts and work to reduce them. ORIX was a drafting committee member for the Japanese version of Principles for Responsible Investment, known as the Principles for Financial Action towards a Sustainable Society.
While ORIX publishes an annual Eco Resource Guide, the company does not release a corporate social responsibility report, track its key performance indicators or disclose policies and goals to reduce its footprint from operations.
To the best of our knowledge the above information is accurate and was obtained from sources we believe to be reliable. Neither the information presented above nor any opinion expressed shall be construed as an offer to sell or a solicitation to buy the security. The views expressed are those of portfolio management as of 06/30/2017 and may not reflect current opinions or subsequent events.