As the momentum for information disclosure about how climate change such as global warming affects corporate management and business performance is increasing internationally, the Financial Services Agency has decided to consider how information disclosure should be. ..
Financial Services Agency (FSA), in order to examine the nature of corporate information disclosure on climate change risk, was firm a policy to set up a specialized committee to prospect the autumn of this year.
While responding to climate change is becoming a global issue, in Europe and the United States, there is a movement to oblige disclosure of information on how climate change will affect corporate management and business performance, as it will be used as a basis for investment decisions. It has come out.
In Japan as well, voluntary disclosure based on the information disclosure framework called TCFD is spreading mainly among major companies, but in the new specialized subcommittee, it is described in the "Securities Report" compiled by listed companies based on the law. It is expected to be discussed, including making it obligatory.
However, there are opinions from the business community that the obligation to include in securities reports is a heavy burden on the corporate side.
For this reason, the Financial Services Agency will listen to a wide range of opinions from investors and business stakeholders and consider appropriate information disclosure methods.