Japan to issue guidelines for ESG ratings

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Japan to issue guidelines for ESG ratings

Japan will soon be the first country to issue guidelines for ESG data and ratings providers as global regulators step up scrutiny of companies that measure their environmental, social and governance practices.

The Financial Services Agency FSA is going to finalize its code of conduct this month after receiving industry feedback, according to the regulators. The guidelines, first published in July, outline voluntary principles to ensure the quality of the data and processes backing these ratings.

In an interview, Hideki Takada, the director for strategy development at the FSA, said that the code of conduct will improve the transparency and fairness of ESG data and assessment services, as well as the development of the ESG market.

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