Japan’s financial authorities and stock exchange are putting climate on the balance sheet. TCFD-style disclosure is already expected from top-listed companies, with more changes on the horizon.
Prime Market companies listed on the Tokyo Stock Exchange
To align with international TCFD disclosures and increase climate data quality
Comply-or-explain disclosures of scope 1 and 2 emissions
Effective from April 2022
Integrated annual reports
JFSA Climate Strategy: https://www.fsa.go.jp/news/2021/20211014/20211014.html