COVID-19

The use of ESG integration strategies have increased by 15.4% year on year in Japan, despite a decrease in the country’s sustainable investment balance, a Japan Sustainable Investment Forum (SIF) White Paper has found.

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Japanese electronics giant Toshiba’s chairman has been ousted from his role by shareholders at the company’s AGM held on 25 June.

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MUFG

23% of shareholders backed a resolution to align MUFG with the Paris Climate Agreement July 2, 2021 Mitsubishi UFJ Financial Group (MUFG) shareholders have defeated a proposal to better align the business with global climate change targets, but the 23% of shareholders who voted in favour of the resolution have sent a “stark climate warning” […]

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FSA, Japan

Japan’s regulator urged to toughen ESG rules June 25, 2021 Japan’s financial watchdog, the Financial Services Agency (FSA), should introduce a new code of conduct for ESG data providers and build a platform to monitor ESG-related bonds, according to an expert report commissioned by the regulator. The recommendations were made in a report from the […]

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Tokyo Stock Exchange, GPIF

Japan’s listed companies are increasing their focus on environmental, social, and governance (ESG) issues in the wake of the Covid-19 pandemic, according to a survey by the country’s Government Pension Investment Fund (GPIF).

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Toshiba auditors

Japanese company, Toshiba, which has been restructuring after admitting accounting failures in 2015 has published its annual report for 2016 after receiving a qualified opinion from its auditor, PWC Arata, which meant the firm avoided being delisted from the Tokyo Stock Exchange. Toshiba stated that the auditor gave its qualified opinion because it said it […]

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Compliance with the  Japanese corporate governance code of 2015 shows strong compliance according to research published by the  Tokyo Stock Exchange (TSE). The Code contains five general principles, 30 principles, and 38 supplementary principles and like the UK code a “comply or explain”approach has been adopted in respect of how companies comply. Analysis of compliance against the […]

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Japan stewardship code

Guidance on Stewardship Code for institutional investors in Japan to perform their duties effectively has been published by the Principles for Responsible Investment (PRI), the United Nations Environment Programme Finance Initiative (UNEP FI) and the Generation Foundation as part of its series on Fiduciary Duty in the 21st century. The Japan Roadmap outlines recent developments led by the government […]

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The Japanese Government Pension Investment Fund (GPIF) recenlty tweeted about the “excellent” integrated reporting of some of the country’s firms. However, Manifest’s analysis shows that sustainability reporting in Japan is falling short of many investors expectations. Based on analysis of the Japanese companies reviewed for Manifest’s Say on Sustainability project during the 2016 reporting season, the average percentage […]

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Japan’s Financial Services Agency has announced draft regulations aimed at improving corporate governance disclosures. With effect from March 31st 2010, companies will be required to disclose a detailed breakdown of individual pay for each executive earning more than ¥100 million ($1.1 million). Japanese companies currently voluntarily disclose the total amount of executive compensation in their […]

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