NikkeiAsia recently reported that Japan would require around 4000 companies to report their greenhouse gas emissions and other related climate-related disclosures tentatively from April 2022.
Here is an excerpt from the article:
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The FSA will first require companies listed on its prime blue chip market to comply with its new disclosure rules. It will then expand its coverage to all companies that submit annual securities reports, requiring them to make necessary disclosures after fiscal 2023.
The new guidelines could help investors and financial institutions better understand the risks and profit opportunities companies face due to climate change.
The FSA will require companies to make disclosures in accordance with the Task Force on Climate-related Financial Disclosures (TCFD), a framework developed by the financial authorities of important economies.
The TCFD is structured around four thematic areas: governance, strategy, risk management, and metrics and targets. Japan’s FSA plans to encourage companies to make climate change-related disclosures in these four areas, for example, levels of greenhouse gas emissions, as well as estimates of the negative impacts of climate change — such as rising temperatures — to their businesses.
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And here is a link to the article for further reading: https://asia.nikkei.com/Spotlight/Environment/Climate-Change/Japan-to-require-4-000-companies-to-disclose-climate-risks
Link to FSA Report by Expert Panel on Sustainable Finance : https://www.fsa.go.jp/en/news/2021/20210618/04.pdf
