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 begun full-scale examination of the ideal way of information disclosure in Japan. I did.
The Financial Services Agency has formed a working group to examine how companies should disclose information on climate change risk, and held its first meeting on the 2nd with the participation of members such as investors, university professors, and corporate executives.
In Europe and the United States, there is a movement to require disclosure of information on the impact of climate change on corporate management, etc., in order to use it as a basis for investment decisions.
Based on this situation, the participating committee members discussed at the meeting that "for investors, dealing with climate change risk is indispensable for analyzing corporate value. Listed companies will disclose it in a securities report compiled by law. It should be done. "
On the other hand, another committee member gave a cautious opinion, saying, "Mandatory disclosure in securities reports entails penalties, which imposes a heavy burden on the company side."
The Financial Services Agency will continue discussions in the working group and will consider amending laws and regulations if necessary.