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ARTICLE · 23 AUGUST 2023

Japan FSA Publishes Draft Guidelines On Impact Investment And Calls For Public Opinion

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On 30 June 2023, the Working Group on Impact Investment ("Working Group"), which was established under the Expert Panel on Sustainable Finance of the Financial Services Agency of Japan...

JapanEnvironment
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Rio Kamei
Rio Kamei
Wei Na Sim
Wei Na Sim
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On 30 June 2023, the Working Group on Impact Investment ("Working Group"), which was established under the Expert Panel on Sustainable Finance of the Financial Services Agency of Japan ("FSA"), published a report ("Report") (in English and Japanese) setting out domestic and international trends in impact investment and draft basic guidelines consisting of four key principles as discussed below ("Guidelines"). The Report seeks to fill a gap in the lack of standards regulating "impact investment", one of several sustainable finance investment methods, and noted "impact investment" market practices are still developing. In contrast, other ESG investment methods such as "integration" and "positive or negative screening" appear to be more commonly used in the market.

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