Japan mover forward disclosure on climate risks

Japanese companies have set up a consortium on September 16, 2019 to help improving the reporting of financial impacts of climate-related risks in order to enhance green investments and face climate change issues. 172 Japanese companies (including Mazda Motor, Nomura and Sony) are now supporting the Task Force on Climate-Related Financial Disclosures (TCFD) and have declared their commitment to the topic: this makes Japan the world’s largest supporter of TCFD.

“We strongly hope that Japanese companies will take global leadership in creating a mechanism that enhances climate-related disclosure and green financing to promote environmental innovation,” said Hiroshige Seko, Japan’s trade and industry minister.

The Consortium is part of wider commitment from Shinzo Abe government on a long-term climate change strategy, in contrast with USA climate change position. Japan might have become the good example to follow.


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