Archive

Rush to regulate ESG ratings raises risk of having to backtrack, Japan FSA chief says

The EU risks having to "backtrack" on its regulation of disclosure by providers of ESG ratings, according to a Japanese regulator.

Japan's FSA lists sustainable finance disclosures among work priorities

Risk of fragmentation of ESG ratings regulation remains despite IOSCO work, CDP warns

Differences in how countries have devised rules or voluntary codes of conduct for ESG ratings and data shows that there remains a risk of divergence between jurisdictions that raises costs for providers and users, CDP has warned.

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

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?

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'

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'

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

From Michael Hurley in Tokyo

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

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

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.