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Japan Exchange Group, Inc. (JPX) today announces that it has endorsed the "GX (Green Transformation) League Basic Concept"* as published by the Ministry of Economy, Trade and Industry (METI).
Under its Environmental Vision, JPX has pledged to maintain and develop the capital market into one that can coexist with the environment. It has set a target to achieve carbon neutrality by switching 100% of electricity consumed across the group to renewable energy by FY2024, and going forward, it plans to spearhead efforts to decarbonize the entire securities market.
Furthermore, JPX has begun building an information platform for ESG bonds in line with the recommendations of the Sustainable Finance Platform Development Working Group, and in February began research on the possible issuance of security tokens in the form of a "Digitally Tracked Green Bond". By utilizing digital technologies, JPX will work towards the development of more transparent and effective financial products.
On the topic of carbon pricing, the GX League Basic Concept proposes the creation of a carbon credit market. JPX would like to utilize its experience and knowledge of market operations to give its full co-operation to every possible aspect of this project.
JPX will contribute to achieving carbon neutrality by 2050 while fulfilling the new demands for capital raising and fund management that derive from the decarbonization trend.
*The GX (Green Transformation) League calls for companies to actively work on GX, aims for GX through cooperation in the government, academic, and economic spheres, and acts as a forum for discussing the transformation of the overall economic and social system and creating new markets accordingly.
Please see the below METI webpage for details on the GX League Basic Concept.
