ClientEarth comments on the revision of Japan's Corporate Goverance Code (en)

ClientEarth lawyers have submitted comments on the revision of Japan's Corporate Governance Code. ClientEarth recommends that in order to ensure that investors have the information they need, Japan’s Corporate Governance Code should:

• provide granular and comparable data to investors regarding a company’s plans to achieve net zero emissions;
• require issuers to disclose a ‘Paris-aligned’ strategy, with a credible plan for how they can achieve ‘net zero’ GHG emissions by 2050 (TCFD+);
• apply the climate disclosure principles to all issuers, not just those listed on the Prime Market;
• require the board of each company to develop a detailed climate business strategy and align the compensation system with the implementation of such strategy.