Public comments on the revision of Japan's Corporate Governance Code based on the proposal of the council

ClientEarth argues that the proposed revisions to Japan's Corporate Governance Code are insufficient and recommends requiring 'Paris-aligned' strategies, extending disclosure requirements to the Standard Market, and integrating climate expertise and training into board governance.

• ClientEarth recommends that the Corporate Governance Code require issuers to disclose a 'Paris-aligned' strategy, which includes a credible plan to achieve net zero greenhouse gas emissions by 2050, moving beyond the basic TCFD framework.
• The organization argues that climate disclosure principles should be extended to all listed issuers, including those on the Standard Market, rather than being limited to the Prime Market, because climate change affects issuers regardless of size or market capitalization.
• ClientEarth proposes that boards should be required to develop a holistic mid- to long-term climate business strategy and link executive director and officer bonus systems to the implementation of carbon emission reduction targets.
• To ensure board effectiveness in addressing climate change, ClientEarth recommends that boards include independent directors with sustainability expertise and establish a voluntary 'sustainability committee' led by these directors.
• The document suggests that companies should provide and fund education and training by external experts for directors and kansayaku to enhance their understanding of climate change implications.

APA

ClientEarth (2021). Public comments on the revision of Japan's Corporate Governance Code based on the proposal of the council. https://www.clientearth.org/media/ugcbom0e/clientearth-comments-on-japan-s-corporate-goverance-code-revisions-2021-en.pdf

Chicago

ClientEarth. Public comments on the revision of Japan's Corporate Governance Code based on the proposal of the council. 2021. https://www.clientearth.org/media/ugcbom0e/clientearth-comments-on-japan-s-corporate-goverance-code-revisions-2021-en.pdf.

Wikipedia

{{cite press release |author=ClientEarth |title=Public comments on the revision of Japan's Corporate Governance Code based on the proposal of the council |date=May 2021 |url=https://www.clientearth.org/media/ugcbom0e/clientearth-comments-on-japan-s-corporate-goverance-code-revisions-2021-en.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{clientearth2021public, author = {{ClientEarth}}, title = {{Public comments on the revision of Japan's Corporate Governance Code based on the proposal of the council}}, publisher = {ClientEarth}, year = {2021}, month = may, url = {https://www.clientearth.org/media/ugcbom0e/clientearth-comments-on-japan-s-corporate-goverance-code-revisions-2021-en.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }