A group of industry experts, government officials and academics convened to advise on Japan’s sustainable finance strategy is expected to issue a series of recommendations some time around May, according to securities regulator the Financial Services Agency (FSA).
The group - dubbed the Expert Panel on Sustainable Finance - was appointed by the FSA at the end of last year and is envisaged to play a role similar to that of the EU’s influential High Level Expert Group on Sustainable Finance. Members of the Expert Panel met for its inaugural meeting yesterday.
The appointment of an expert advisory group on the subject mirrors similar moves by regulators in Australia, Canada and Malaysia.
The Expert Panel’s forthcoming recommendations are anticipated to centre on regulatory and supervisory measures to drive the adoption of sustainable finance, rather than voluntary initiatives. Specific themes being considered include promoting climate-related…