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Constructing a sustainable society is a major challenge of our society today. The adoption of the Sustainable Development Goals (SDGs), the Paris Agreement and other important milestones has shown that it is essential to promote sustainable finance, which encourages the society to transit to new industrial and social structures and realizes a sustainable society.
In December 2020, the Financial Services Agency, Japan (FSA) established its Expert Panel on Sustainable Finance and has discussed various measures to promote sustainable finance. The Expert Panel positioned sustainable finance as "an infrastructure supporting sustainable economic and social system". Based on these discussions, the FSA is working on measures to promote sustainable finance; Enhancing Corporate Disclosure, Capital Market Functions, and the Role of Financial Institutions.
- The JFSA's Strategy on Sustainable Finance (II-3 of "The JFSA Strategic Priorities July 2021-June 2022")
- Overview of FSA’s initiatives
- (”The Second Report by the Expert Panel on Sustainable Finance”)
Links
Domestic Policies
1. Overview
2. Enhancing Corporate Disclosure
1. Overview
- "Report by the Expert Panel on Sustainable Finance - Building A Financial System that Supports a Sustainable Society -" (June 18, 2021)
- "The Expert Panel on Sustainable Finance, FSA The Second Report - Financial systems that open up a new sustainable society -" (July 13,2022)
2. Enhancing Corporate Disclosure
- Revisions of Japan's Corporate Governance Code and Guidelines for Investor and Company Engagement (April 6, 2021)
- Working Group on Corporate Disclosure of the Financial System Council [Available in Japanese] (June 13, 2022)
- TCFD Consortium
- Sustainablity Standards Board of Japan(SSBJ) (Financial Accounting Standards Foundation)
- JPX ESG Knowledge Hub
3. Capital Market Functions
- Technical Committee for ESG Evaluation and Data Providers, etc. (February 3, 2022) (Report of the Technical Committee for ESG Evaluation and Data Providers (July 12, 2022) )
- Invitation for Public Comments regarding “the Code of Conduct for ESG Evaluation and Data Providers" (July 12, 2022)
- Working Group on Social Bonds [Available in Japanese] (Social Bond Guidelines (October 26, 2021) )
- Sub-Working Group on Impact Indicators for Social Projects [Available in Japanese]
- Publication of "Progress Report on Enhancing Asset Management Business 2022" (May 27, 2022)
- JPX Publishes English Version of First Report from Sustainable Finance Platform Development Working Group (January 31, 2022) (JPX)
- ESG Bond Information Platform (JPX)
4. The Role of Financial Institutions
5. Transition Finance
- Taskforce on Preparation of the Environment for Effective Transition Finance [Available in Japanese] ("Basic Guidelines on Climate Transition Finance" Announced (May 24, 2021) )
- Transition: Toward a Transition to Decarbonization (METI)
- GX League Basic Concept (METI)
6. Events and Symposiums organized by the FSA
- FSA-JPX seminar “TCFD Disclosure and Transition Finance" (April 28, 2021)
- FSA-JPX symposium on “Dialogue between companies and investors on TCFD" (December 20, 2019)
- Joint IIF - Embassy of Japan - JFSA Event: “Financing the Future" (March 30 and 31, 2022)
- The FSA-sponsored International Symposium “Transition to Net-Zero: The Role of Finance and Pathway toward a Sustainable Future" (May 26, 2022)
- Appointment of Chief Sustainable Finance Officer (March 15, 2019)
- Impact Investing Roundtable ("Achievement in the First Phase and Challenges Ahead" [Available in Japan] (September 30, 2021), Second Phase [Available in Japan] (May 19, 2022))
International Policies
- Participation in the TNFD Forum
- Participation in the International Platform on Sustainable Finance (November 24, 2020)
- Nomination as a member of 2019/2020 Advisory Council for ICMA's Green Bond Principles and Social Bond Principles (October 21, 2019)
- FSA joins the NGFS (June 6, 2018)
- Participation in the Sustainable Insurance Forum (May 23, 2018)
Speeches by FSA officials
- Opening Remarks by Shunichi Suzuki, Minister of State for Financial Services, at the "Transition to Net-Zero: The Role of Finance and Pathway toward Sustainable Future"(May 26, 2022) Opening Remarks [Video]
- Closing Remarks by Vice Minister for International Affairs, at the "Transition to Net-Zero: The Role of Finance and Pathway toward Sustainable Future"(May 26, 2022) Closing Remarks [Video]
- Keynote speech by Vice Minister for International Affairs, at the RI Japan 2022 (May 25, 2022) Keynote Speech
- Concluding Remarks by Commissioner, at the BOJ (Bank of Japan) International Research Workshop on Climate-related Financial Risks (March 26, 2021) Concluding Remarks
External links
- Ministry of Economy Trade and Industry “Climate Change”
- Ministry of the Environment “Green Finance Portal”
