CashNews.co
This briefing summarises the amendments made to the Financial Instruments and Exchange Act (FIEA) by the Japan Financial Services Agency (FSA) in January 2023, which introduced mandatory sustainability disclosure in statutory annual reports.
The amendments were made effective from reports regarding fiscal year ending on or after 31 March 2023. Reporting entities are required to disclose their governance and risk management approach to sustainability-related issues, and where material, also report on strategy and metrics and targets – these four pillars are aligned with the TCFD recommendations.
Download the briefing below.