Japanese
April 19, 2023
Financial Services Agency

Summary of results of the International Conference on Sustainability Disclosure

Capital markets are giving more attention than ever to sustainability information vis-a-vis value creation of the entity. Responding to such needs, tremendous efforts have been made towards developing sustainability disclosure standards by various standard setters and jurisdictions around the world.

In this context, G7 and G20 leaders have continuously expressed their support of the work by International Sustainability Standards Board (ISSB) to set a global baseline of sustainability disclosure. The ISSB plans to finalize its first set of standards―General Requirements for Disclosures and Climate-related Disclosures― in the first half of 2023, and it also plans to issue a request for information in the first half of 2023 to gather stakeholder views on the ISSB’s next agenda priorities for its two-year work plan.

On Friday, March 3, the Financial Services Agency (FSA)  hosted "International Conference on Sustainability Disclosure" at Otemachi Financial City Conference Center. This conference brought together companies, investors, market participants, stock exchanges, audit firms, standard-setters, regulators and policy makers to exchange views on jurisdictional approaches and the progress towards a global baseline thus far as well as next priority topics beyond climate. Approximately 1,000 people attended the event, including both on-site and online participants.

Summary of the disscussions

Japanese with English subtitles(YouTube) 

• Fumio Kishida  Prime Minister of Japan

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• Erkki Liikanen  Chair, the Trustees of the IFRS Foundation

- 14:45-15:35 Panel 1: Approaches for developing sustainability disclosure frameworks

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• Jean-Paul Servais  Chair, the International Organization of Securities Commissions (IOSCO) Board
• Ugo Bassi  Director, Financial Markets, DG for Financial Stability, Financial Services and Capital Markets Union, European Comission (EC)
• Paul Munter  Chief Accountant, the US Securities and Exchange Commission (SEC)
• Takashi Nagaoka  Deputy Commissioner for International Affairs, the Financial Services Agency, Japan
• Kris Nathanail (Moderator)  Senior Policy Advisor, IOSCO General Secretariat

   - 15:35-16:00 Special interview: Path to global baseline -current progress and looking ahead-

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• Emmanuel Faber  Chair, International Sustainability Standards Board (ISSB)
• Keiko Tashiro (Interviewer)  Trustee of the IFRS foundation, Deputy President, Corporate Executive Officer and Member of the Board, Daiwa Securities Group

   - 16:20-16:35 Keynote speech

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• Larry Fink  Chairman and Chief Executive Officer, BlackRock

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• Cambria Allen Ratzlaff  Co-chair, the Human Capital Management Coalition
• Danae Kyriakopoulou  Distinguished Policy Fellow, Grantham Research Institute on Climate Change and the Environment, London School of Economics and Political Science
• Eugene Wong  CEO, Sustainable Finance Institute Asia
• Miyuki Zeniya  Group Chief Sustainability Officer, Mitsubishi UFJ Financial Group & Chief Sustainability Officer, MUFG Bank
• Yukari Takamura (Moderator)  Professor, Institute for Future Initiatives, the University of Tokyo

   - 17:25-17:30 Closing remarks

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• Junichi Nakajima  Commissioner, the Financial Services Agency, Japan

Contact

Financial Services Agency

Tel +81-(0)3-3506-6000(main)Corporate Accounting and Disclosure division, Policy and Markets Bureau