• Japan to study 'financed emissions' in second climate scenario analysis of banks

    10 May 2024

    The Bank of Japan (BoJ) and Financial Services Agency (FSA) are preparing to run a second climate scenario analysis of three major Japanese banks, which could include analysis of the banks' 'financed emissions'.

  • Regulating ESG ratings: Mission impossible?

    02 February 2024

    As regulators around the world seek to define good practice for ESG raters, they are discovering the complexities of doing so, writes Michael Hurley

  • Japan embraces impact investing in pursuit of a 'new form of capitalism'

    03 November 2023

    Prime minister Fumio Kishida is on a mission to harness impact investment to spur economic growth in Japan. How might it transform the market, asks Michael Hurley

  • Transition 'should be better captured in financed emissions metrics'

    20 October 2023

    Current approaches to calculate so-called 'financed emissions' risk missing the potential future emissions reductions and penalising financial institutions that provide such capital, argues Satoshi Ikeda, chief sustainable finance officer at the Financial Services Agency (FSA).

  • Japanese regulator readies guidance to spur impact investment in start-ups

    19 October 2023

    From Michael Hurley in Tokyo

  • Japanese bond investors told to maintain pressure on 'transition' issuers

    28 July 2023

    Bond investors in Japan have been recommended to review at least annually the progress of companies in high-emitting sectors, in guidance that aims to help financial institution engagement published by a Japanese regulator.

  • Japan sets timeline for disclosure standards based on ISSB work

    02 March 2023

    Japanese sustainability disclosure standards based on international efforts will be ready in draft form by April 2024, with final standards published up to a year later, according to the body tasked with developing the work.

  • Japan publishes ground-breaking ESG data, ratings 'code of conduct'

    16 December 2022

    The Japan Financial Services Agency (FSA) has published the first voluntary 'code of conduct' in the world for environmental, social and governance (ESG) data and evaluation providers...

  • FSA: NGFS climate scenarios should improve data use

    12 September 2022

    A key issue "hindering" the expansion of the NGFS climate models is their reliance on some global datasets that are not necessarily applicable to Japanese institutions...

  • FSA flags issues with climate risk pilot

    31 August 2022

    Financial institutions need to enhance the methodology behind pilot scenario analysis, Japan's Financial Services Agency (FSA) has said.