The Bank of Japan has announced that it will conduct a risk analysis in collaboration with the Financial Services Agency to see if the management of major financial institutions will deteriorate in case the industrial structure changes due to climate change.
While various companies are required to take measures such as reducing greenhouse gas emissions toward decarbonization, the Bank of Japan has put together a new funding mechanism to support investment and lending by financial institutions in response to climate change on the 16th. It was.
Furthermore, the Bank of Japan has conducted a risk analysis in collaboration with the Financial Services Agency, saying that the future development of climate change may lead to a rapid change in the industrial structure and the management of major financial institutions may deteriorate through the companies of investment and lending companies. Clarified the policy to do.
Specifically, after creating a certain scenario about the impact of climate change on the economy, we will analyze the management of major financial institutions on a trial basis and establish a risk analysis method.
In addition, we will stabilize the financial system by encouraging financial institutions to disclose further information on management strategies to prepare for climate change, based on international standards called "TCFD."