Sustainable finance in Japan

References

• Aden, N. 2019. Japan Is Leading on Business Climate Engagement. Will Ambitious Policies Follow? World Resources Institute. https://www.wri.org/blog/2019/06/japan-leading-business-climate-engagement-will-ambitious-policies-follow.
   Google Scholar
• Aldrich, D. P., S. Forester, and E. Horhager. 2018. “Triggers for Policy Change: The 3.11 Fukushima Meltdowns and Nuclear Policy Continuity.” Environmental Politics 00 (00): 1–22. doi:10.1080/09644016.2018.1510216.
   Google Scholar
• Aldrich, D., P. Y. Lipscy, and M. M. McCarthy. 2019. “Japan’s Opportunity to Lead.” Nature Climate Change 9 (7): 492. doi:10.1038/s41558-019-0510-0.
   Web of Science ®Google Scholar
• Bank Track. 2018. Coal Plant Developers: 2018 Research Analysis. https://www.banktrack.org/campaign/coal_plant_developers_2018_research_analysis.
   Google Scholar
• Bank Track. 2019. Banking on Climate Change: Fossil Fuel Finance Report Card 2019. Nijmegen, Netherlands. https://www.banktrack.org/download/banking_on_climate_change_2019_fossil_fuel_finance_report_card/banking_on_climate_change_2019.pdf.
   Google Scholar
• Barker, S., and E. Mulholland. 2019. Directors’ Liability and Climate Risk: Comparative Paper-Australia, Canada, South Africa, and the United Kingdom, (October). https://ccli.ouce.ox.ac.uk/wp-content/uploads/2019/10/CCLI-Directors’-Liability-and-Climate-Risk-Comparative-Paper-October-2019-vFINAL.pdf.
   Google Scholar
• Bengali, S. 2019. “China, Japan and South Korea, While Vowing to Go Green at Home, Promote Coal Abroad.” LA Times. https://www.latimes.com/world/asia/la-fg-indonesia-south-korea-coal-energy-finance-20190513-story.html.
   Google Scholar
• Bird, W. 2014. Shrinking Well: Is Depopulation Affecting Japan’s Energy, Climate Goals?” The Japan Times. https://www.japantimes.co.jp/life/2014/11/15/environment/shrinking-well-depopulation-affecting-japans-energy-climate-goals/#.Xdjx0L9S8o8.
   Google Scholar
• Blanco, C., F. Caro, and C. J. Corbett. 2016. “The State of Supply Chain Carbon Footprinting: Analysis of CDP Disclosures by US Firms.” Journal of Cleaner Production 135: 1189–1197. doi:10.1016/j.jclepro.2016.06.132.
   Web of Science ®Google Scholar
• Bos, K., and J. Gupta. 2019. “Stranded Assets and Stranded Resources: Implications for Climate Change Mitigation and Global Sustainable Development.” Energy Research and Social Science 56 (May): 101215. doi:10.1016/j.erss.2019.05.025.
   Google Scholar
• Brander, M., M. Gillenwater, and F. Ascui. 2018. “Creative Accounting: A Critical Perspective on the Market-Based Method for Reporting Purchased Electricity (Scope 2) Emissions.” Energy Policy 112 (October 2017): 29–33. doi:10.1016/j.enpol.2017.09.051.
   Google Scholar
• Brooksbank, D. 2019. “Tokyo Becomes 25th Member of UN Sustainable Financial Centres Network as Japan Steps Up on ESG.” Responsible Investor. https://www.responsible-investor.com/home/article/tokyo_fc4s/.
   Google Scholar
• Burrows, L., I. Kotani, P. Zorlu, R. Popp, A. Patuleia, and C. Littlecott. 2019. G7 Coal Scorecard 5th Edition: Coal Finance Heads for the Exit. London. https://www.e3g.org/library/g7-coal-scorecard-2019-coal-finance-heads-for-the-exit.
   Google Scholar
• Byers, E., M. Gidden, D. Leclere, J. Balkovic, P. Burek, K. Ebi, and K. Riahi. 2018. “Global Exposure and Vulnerability to Multi-Sector Development and Climate Change Hotspots.” Environmental Research Letters 13 (5), doi:10.1088/1748-9326/aabf45.
   Web of Science ®Google Scholar
• Cahen-Fourot, L., E. Campiglio, E. Dawkins, A. Godin, and E. Kemp-Benedict. 2019. Capital Stranding Cascades: The Impact of Decarbonisation on Productive Asset Utilisation. Institute for Ecological Economics Working Paper No. 18/2019, Vienna: Vienna University of Economics and Business.
   Google Scholar
• Caldecott, B., G. Dericks, D. J. Tulloch, L. Kruitwagen, and I. Kok. 2016. Stranded Assets and Thermal Coal in Japan: An Analysis of Environment-Related Risk Exposure. Oxford. https://doi.org/10.2139/ssrn.2779580.
   Google Scholar
• Carbon Tracker. 2019. Land of the Rising Sun and Offshore Wind. London: Carbon Tracker. https://www.carbontracker.org/reports/land-of-the-rising-sun/.
   Google Scholar
• Carney, M. 2015. Breaking the Tragedy of the Horizon − Climate Change and Financial Stability. Speech by Mark Carney, Governor of the Bank of England and Chairman of the Financial Stability Board, at Lloyd’s of London, London, 29 September 2015. London: Bank of England. https://www.bis.org/review/r151009a.pdf.
   Google Scholar
• Carney, M. 2019. “TCFD Summit 2019: Strengthening the Foundations of Sustainable Finance.” https://www.bankofengland.co.uk/-/media/boe/files/speech/2019/tcfd-strengthening-the-foundations-of-sustainable-finance-speech-by-mark-carney.pdf?la=en&hash=D28F6D67BC4B97DDCCDE91AF8111283A39950563.
   Google Scholar
• Carrington, D. 2019. “Climate Crisis: 11,000 Scientists Warn of ‘Untold Suffering’.” The Guardian. https://www.theguardian.com/environment/2019/nov/05/climate-crisis-11000-scientists-warn-of-untold-suffering.
   Google Scholar
• Case, M., and A. Tidwell. 2008. “Climate Impact Threatening Japan Today and Tomorrow.” WWF Climate Change Programme. Gland: WWF. https://www.wwf.or.jp/activities/lib/pdf_climate/environment/WWF_NipponChanges_lores.pdf.
   Google Scholar
• CBI. 2019. State of the Market. London: Climate Bonds Initiative.
   Google Scholar
• CDP. 2019a. CDP Japan 500 Climate Change Report 2018. Tokyo, Japan. https://6fefcbb86e61af1b2fc4-c70d8ead6ced550b4d987d7c03fcdd1d.ssl.cf3.rackcdn.com/cms/reports/documents/000/004/745/original/CDP2018-Japan-edition-climate-change-report-EN.pdf?1571065598.
   Google Scholar
• CDP. 2019b. Frequently Asked Questions: Verification. London, UK. https://b8f65cb373b1b7b15feb-c70d8ead6ced550b4d987d7c03fcdd1d.ssl.cf3.rackcdn.com/cms/guidance_docs/pdfs/000/000/490/original/CDP-and-verification-partners-FAQ.pdf?
   Google Scholar
• CDP. 2019c. Guidance: Verification. London, UK. https://www.cdp.net/en/guidance/verification.
   Google Scholar
• CDP. 2020. The A List 2019. London, UK. https://www.cdp.net/en/companies/companies-scores.
   Google Scholar
• CDSB. 2018. First Steps: Corporate Climate and Environmental Disclosure under the EU Non-Financial Reporting Directive. London, UK. https://www.cdsb.net/sites/default/files/cdsb_nfrd_first_steps_2018.pdf.
   Google Scholar
• CDSB and SASB. 2019. Japanese TCFD Implementation Guide Launches at Inaugural Summit. Tokyo, Japan. https://www.cdsb.net/task-force/969/japanese-tcfd-implementation-guide-launches-inaugural-summit.
   Google Scholar
• Chenet, H., N. Hagedorn, M. Hayne, N. Shimizu, and T. Wakiyama. 2018. Testing the Japanese Listed Equity Market Alignment with the 2°C Climate Goal – Energy Technology Diversification Assessment Relative to the IEA 2°C Scenario. https://www.iges.or.jp/jp/announcement/20180216_2.html.
   Google Scholar
• Chenet, H., L. Zamarioli, B. Kretschmer, and R. Narvaez. 2019. From Transformational Climate Finance to Transforming the Financial System for Climate. RIPPLES COP21 Horizon 2020 Project. https://www.cop21ripples.eu/wp-content/uploads/2019/09/20190830_COP21-RIPPLES_D4-3a_Transforming-the-Financial-System.pdf.
   Google Scholar
• Clark, G. L., S. McGill, Y. Saito, and M. Viehs. 2015. “Institutional Shareholder Engagement with Japanese Firms.” Annals in Social Responsibility 1 (1): 30–56. doi:10.1108/asr-12-2014-0003.
   Google Scholar
• Climate Policy Initiative. 2018. Global Climate Finance: An Updated View 2018. Climate Policy Initiative: San Francisco, CA. https://climatepolicyinitiative.org/wp-content/uploads/2018/11/Global-Climate-Finance-_-An-Updated-View-2018.pdf.
   Google Scholar
• Dechezleprêtre, A., R. Martin, and S. Bassi. 2019. “Climate Change Policy, Innovation and Growth.” In Handbook on Green Growth, 217–239. Cheltenham: Edward Elgar Publishing. https://doi.org/10.4337/9781788110686.00018; http://www.lse.ac.uk/GranthamInstitute/wp-content/uploads/2016/01/Dechezlepretre-et-al-policy-brief-Jan-2016.pdf.
   Google Scholar
• Dechezleprêtre, A., and M. Sato. 2017. “The Impacts of Environmental Regulations on Competitiveness.” Review of Environmental Economics and Policy 11 (2): 183–206. doi:10.1093/reep/rex013.
   Web of Science ®Google Scholar
• Downie, J., and W. Stubbs. 2013. “Evaluation of Australian Companies’ Scope 3 Greenhouse Gas Emissions Assessments.” Journal of Cleaner Production 56: 156–163. doi:10.1016/j.jclepro.2011.09.010.
   Web of Science ®Google Scholar
• Dupré, S. 2019. “In Response to Accusations that Enel’s SDG Bond was Greenwashing.” Environmental Finance. https://www.environmental-finance.com/content/analysis/in-response-to-accusations-that-enels-sdg-bond-was-greenwashing.html.
   Google Scholar
• Durrani, A., M. Rosmin, and U. Volz. 2019. “The Role of Central Banks in Scaling up Sustainable Finance – What do Monetary Authorities in the Asia-Pacific Region Think?” Journal of Sustainable Finance & Investment. doi:10.1080/20430795.2020.1715095.
   Web of Science ®Google Scholar
• The Economist. 2019. “Climate Change Stops Play Typhoon Hagibis Offers a Glimpse of Sport’s Stormy Future.” The Economist. https://www.economist.com/game-theory/2019/10/14/typhoon-hagibis-offers-a-glimpse-of-sports-stormy-future.
   Google Scholar
• Edelmans, A., and I. Ioannou. 2019. “Future Leaders, Take Note: Finance and Sustainability Go Together.” Financial Times. https://www.ft.com/content/54f96d4e-82ec-11e9-9935-ad75bb96c849.
   Google Scholar
• EndCoal. 2019. Global Coal Finance Tracker. Accessed September 20 2019. https://endcoal.org/finance-tracker/.
   Google Scholar
• Endo, T. 2018. To Turn Challenges into Opportunities. Speech by Toshihide Endo, The Commissioner of the Financial Services Agency of Japan at the 34th Annual General Meeting and Reception of the International Bankers Association of Japan, 28 November. https://www.fsa.go.jp/common/conference/danwa/20181128/speech.pdf.
   Google Scholar
• Environmental Finance. 2019. Just 17% of Bonds in MSCI Green Bond Index Would Satisfy EU GBS Criteria. https://www.environmental-finance.com/content/news/just-17-of-bonds-in-msci-green-bond-index-would-satisfy-eu-gbs-criteria.html.
   Google Scholar
• ESG Working Group. 2017. ESG Working Group Report. Tokyo: Working Group on Incorporating Issues Regarding Sustainability into Investment. https://www.env.go.jp/en/policy/esg/pdf/ESG_WG_report.pdf.
   Google Scholar
• European Commission. 2018. EU Action Plan: Financing Sustainable Growth. Brussels: European Commission. https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:52018DC0097.
   Google Scholar
• European Commission. 2019a. EU Taxonomy Technical Report by the TEG −June 2019. Brussels: European Commission. https://ec.europa.eu/info/sites/info/files/business_economy_euro/banking_and_finance/documents/190618-sustainable-finance-teg-report-taxonomy_en.pdf.
   Google Scholar
• European Commission. 2019b. TEG Report Proposal for an EU Green Bond Standard. Brussels: European Commission. https://ec.europa.eu/info/sites/info/files/business_economy_euro/banking_and_finance/documents/190618-sustainable-finance-teg-report-green-bond-standard_en.pdf.
   Google Scholar
• European Commission. 2019c. EU Ecolabel Criteria for Financial Products: Technical Report and Criteria Proposal (1stDraft). Brussels, Belgium. https://susproc.jrc.ec.europa.eu/Financial_products/docs/1AHWG meeting_Financial Products 04042019.pdf.
   Google Scholar
• Farsan, A., A. Chang, A. Kerkhof, B. Cserna, C. Yan, F. Rangel Villasana, and N. Labutong. 2018. Value Change in the Value Chain: Best Practices in Scope 3 Greenhouse Gas Management. London et al: Science Based Targets. https://sciencebasedtargets.org/wp-content/uploads/2018/12/SBT_Value_Chain_Report-1.pdf.
   Google Scholar
• FC4S. 2019. Tokyo Joins FC4S Network. Financial Centres for Sustainability, 4 June. https://www.fc4s.org/tokyo-joins-fc4s.
   Google Scholar
• FIR. 2016. Article 173-VI: Understanding the French Regulation on Investor Climate Reporting. Paris: Forum Pour L’Investissement Responsible. https://www.frenchsif.org/isr-esg/wp-content/uploads/Understanding_article173-French_SIF_Handbook.pdf.
   Google Scholar
• Flint, D. 2019. “Asia has a Crucial Role in the Development of Sustainable Finance.” Financial Times. https://www.ft.com/content/40943fcb-2e3d-374f-8d39-bfab486433a3.
   Google Scholar
• Frandon-Martinez, C., and M. Filkova. 2019. ASEAN Green Finance: State of the Market 2018. London: Climate Bond Initiative. https://www.climatebonds.net/files/reports/asean_sotm_18_final_03_web.pdf.
   Google Scholar
• FSB-TCFD. 2017. Final Report: Recommendations of the Task Force on Climate-Related Financial Disclosures. Basel: Task Force on Climate-related Financial Disclosures. https://www.fsb-tcfd.org/wp-content/uploads/2017/06/FINAL-TCFD-Report-062817.pdf.
   Google Scholar
• FSB-TCFD. 2019. Task Force on Climate-related Financial Disclosures: 2019 Status Report. New York, USA. https://www.fsb-tcfd.org/wp-content/uploads/2019/06/2019-TCFD-Status-Report-FINAL-053119.pdf.
   Google Scholar
• FSB-TCFD. 2020. TCFD Supporters. https://www.fsb-tcfd.org/tcfd-supporters/.
   Google Scholar
• Furuno, S. 2019. “Time for Japan to Lead Asia in Cutting off Coal Power.” Nikkei Asian Review. https://asia.nikkei.com/Opinion/Time-for-Japan-to-lead-Asia-in-cutting-off-coal-power-financing.
   Google Scholar
• Galeotti, M., S. Salini, and E. Verdolini. 2020. “Measuring Environmental Policy Stringency: Approaches, Validity, and Impact on Environmental Innovation and Energy Efficiency.” Energy Policy 136: 111052. doi:10.1016/j.enpol.2019.111052.
   Web of Science ®Google Scholar
• Global Compact Network Japan, & IGES. 2018. SDGS and Business for the Future: Actions by Private Companies in Japan. Tokyo: Global Compact Network Japan and Institute for Global Environmental Strategies. https://iges.or.jp/en/publication_documents/pub/policyreport/en/6548/GCNJ_IGES_SDGs+and+Business_2nd+Report+%28English%29.pdf.
   Google Scholar
• GPIF. 2019a. ESG Report 2018. For All Generations. Tokyo: Government Pension Investment Fund. https://www.gpif.go.jp/en/investment/190905_Esg_Report.pdf.
   Google Scholar
• GPIF. 2019b. Policy to Fulfill Stewardship Responsibilities. Tokyo: Government Pension Investment Fund. https://www.gpif.go.jp/en/investment/Policy_to_Fulfill_Stewardship_Responsibilities_201911.pdf.
   Google Scholar
• Greenhouse Gas Protocol. 2013. Corporate Value Chain (Scope 3) Accounting and Reporting Standard. Geneva: World Business Council for Sustainable Development. https://ghgprotocol.org/sites/default/files/standards/Corporate-Value-Chain-Accounting-Reporing-Standard_041613_2.pdf.
   Google Scholar
• Gros, D., P. Lane, S. Langfield, S. Matikainen, M. Pagano, D. Schoenmaker, and J. Suarez. 2016. Too Late, Too Sudden: Transition to a Low-carbon Economy and Systemic Risk. Report of the Advisory Scientific Committee No. 6. Brussels: European Systemic Risk Board. https://www.esrb.europa.eu/pub/pdf/asc/Reports_ASC_6_1602.pdf.
   Google Scholar
• GSIA. 2017. Global Sustainable Investment Review 2016. Brussels: Global Sustainable Investment Alliancehttp://www.gsi-alliance.org/wpcontent/.
   Google Scholar
• GSIA. 2019. 2018 Global Sustainable Investment Review. Brussels: Global Sustainable Investment Alliance. http://www.gsi-alliance.org/wp-content/uploads/2019/06/GSIR_Review2018F.pdf.
   Google Scholar
• Hanada, Y., Y. Ohira, and Y. Fukumoto. 2019. “Cheap Coal Swells in Southeast Asia, Foiling Global Green Push.” Nikkei Asian Review. https://asia.nikkei.com/Business/Energy/Cheap-coal-swells-in-Southeast-Asia-foiling-global-green-push.
   Google Scholar
• Holder, J., N. Kommenda, and J. Watts. 2017. The Three-Degree World: The Cities that Will be Drowned by Global Warming.” The Guardian. https://www.theguardian.com/cities/ng-interactive/2017/nov/03/three-degree-world-cities-drowned-global-warming.
   Google Scholar
• IEA. 2018a. Energy Technology Perspectives 2017. Paris: International Energy Agency.
   Google Scholar
• IEA. 2018b. World Energy Outlook 2017. Paris: International Energy Agency.
   Google Scholar
• IEA. 2019. Renewables Information 2019. Paris: International Energy Agency. https://www.oecd-ilibrary.org/energy/renewables-information-2019_fa89fd56-en.
   Google Scholar
• IGES. 2019. Summary Version Current Situation and Challenges of Green Bonds in Japan from the View Point of Promoting Repeat Issuance. Tokyo: Institute for Global Environmental Strategies. https://iges.or.jp/en/publication_documents/pub/workingpaper/en/7056/GB+reserach+paper+summary_GBpaper_0729.pdf.
   Google Scholar
• InfluenceMap. 2017. “Japan’s Energy Choices Towards 2020.” How Its Shift to Coal is Misaligned with the Strategic Interests of Japan Inc. London: InfluenceMap. https://influencemap.org/site/data/000/301/Japan_Report_September_2017.pdf.
   Google Scholar
• InfluenceMap. 2019. Thermal Coal in Asia: The Real Risks for Investors. London: InfluenceMap. https://influencemap.org/report/Thermal-Coal-in-Asia-The-Real-Risks-for-Investors-21486611c30f6e0f92cef72770194ba1.
   Google Scholar
• Innpact and UNEP FI. 2018. Luxembourg Sustainable Finance Roadmap. Luxembourg. https://gouvernement.lu/dam-assets/documents/actualites/2018/10-octobre/04-sustainable-finance/Luxembourg-Sustainable-Finance-Roadmap-WEB.pdf.
   Google Scholar
• IPCC. 2018. IPCC Special Report: Global Warming of 1.5°C. Geneva: Intergovernmental Panel on Climate Change. https://www.ipcc.ch/site/assets/uploads/sites/2/2019/06/SR15_Full_Report_High_Res.pdf.
   Google Scholar
• IPCC. 2019a. Climate Change and Land: An IPCC Special Report on Climate Change, Desertification, Land Degradation, Sustainable Land Management, Food Security, and Greenhouse gas Fluxes in Terrestrial Ecosystems. Geneva: Intergovernmental Panel on Climate Change. https://www.ipcc.ch/site/assets/uploads/2019/08/Fullreport-1.pdf.
   Google Scholar
• IPCC. 2019b. Special Report on the Ocean and Cryosphere in a Changing Climate. Geneva: Intergovernmental Panel on Climate Change. https://www.ipcc.ch/site/assets/uploads/sites/3/2019/11/SROCC_FinalDraft_FullReport.pdf.
   Google Scholar
• Ito, A. 2019. “China’s Belt and Road Initiative and Japan’s Response: From Non-Participation to Conditional Engagement.” East Asia 36 (2): 115–128. doi:10.1007/s12140-019-09311-z.
   Google Scholar
• Japanese Bankers Association. 2019. Comments on Taxonomy Technical Report Issued by the Technical Expert Group on Sustainable Finance. Tokyo: Japanese Bankers Association. https://www.zenginkyo.or.jp/fileadmin/res/en/news/news190913.pdf.
   Google Scholar
• Japan Stewardship Forum. 2019. The Study Session for Taxonomy of EU Sustainable Finance. Tokyo: Japan Stewardship Forum. http://stewardship.or.jp/wp-content/uploads/2019/02/20190204_CG_DR13.pdf.
   Google Scholar
• JBCE. 2019a. JBCE Comments on Non-Financial Reporting and the EU Taxonomy on Sustainability. Brussels: Japan Business Council in Europe. https://www.jbce.org/csr/jbce-published-its-statement-on-eu-taxonomy-for-sustainable-finance/.
   Google Scholar
• JBCE. 2019b. JBCE Statement on EU Sustainable Finance Agenda and Taxonomy. Brussels: Japan Business Council in Europe. https://www.jbce.org/get-attachment/4185/.
   Google Scholar
• JFSA. 2014. Principles for Responsible Institutional Investors ‘Japan’s Stewardship Code’. Tokyo: Japan Financial Services Agency. https://www.fsa.go.jp/en/refer/councils/stewardship/20140407.html.
   Google Scholar
• JFSA. 2019a. List of Institutional Investors Signing up to ‘Principles for Responsible Institutional Investors. Tokyo: Japan Financial Services Agency. https://www.fsa.go.jp/en/refer/councils/stewardship/20190628/en_list_01.pdf.
   Google Scholar
• JFSA. 2019b. TCFD Consortium of Japan. Tokyo: Japan Financial Services Agency. https://www.fsa.go.jp/en/news/2019/TCFDconsortiumen.pdf.
   Google Scholar
• JFSA. 2019c. TCFD Consortium of Japan. Tokyo: Japan Financial Services Agency. https://www.fsa.go.jp/en/news/2019/TCFDconsortiumen.pdf.
   Google Scholar
• JFSA. 2019d. Appointment of Chief Sustainable Finance Officer. Tokyo: Japan. https://www.fsa.go.jp/en/news/2019/20190315_CSFO.html.
   Google Scholar
• JPX. 2019. Sustainable Stock Exchanges (SSE) Initiatives: Model Guidance for Companies on Reporting on ESG Information. Tokyo: Japan Exchange Group. http://www.sseinitiative.org/about/about-the-sse/.
   Google Scholar
• JSIF. 2015a. Survey on Sustainable/ESG Investment in Japan 2015. Tokyo: Japan Sustainable Investment Forum. http://japansif.com/2015survey.pdf.
   Google Scholar
• JSIF. 2015b. White Paper on Sustainable Investment in Japan 2015. Tokyo: Japan Sustainable Investment Forum. http://japansif.com/2015whitepaper.pdf.
   Google Scholar
• JSIF. 2016. Second Sustainable Investment Survey in Japan 2016. Tokyo: Japan Sustainable Investment Forumhttp://japansif.com/161108en.pdf.
   Google Scholar
• JSIF. 2018. Third Sustainable Investment Survey in Japan. Tokyo: Japan Sustainable Investment Forumhttp://japansif.com/180103en.pdf.
   Google Scholar
• JSIF. 2019. Sustainable Investment Survey 2018. Tokyo: Japan Sustainable Investment Forumhttp://japansif.com/2018survey-en.pdf.
   Google Scholar
• Keidanren. 2018. Innovation for SDGs: Road to Society 5.0. Tokyo: Keidanren. https://www.keidanren.or.jp/en/policy/2018/059_casestudy.pdf.
   Google Scholar
• Keidanren. 2019. Recognition of Issues Surrounding Trends in Sustainable Finance. Tokyo: Keidanren. https://www.keidanren.or.jp/en/policy/2019/069.pdf.
   Google Scholar
• Kompas, T., V. H. Pham, and T. N. Che. 2018. “The Effects of Climate Change on GDP by Country and the Global Economic Gains from Complying with the Paris Climate Accord.” Earth's Future 6 (8): 1153–1173. doi:10.1029/2018EF000922.
   Web of Science ®Google Scholar
• Kyodo News. 2019. “57 Dead, 18,000 Taken to Hospitals in Week in Japan Heatwave.” The Japan Times. https://www.japantimes.co.jp/news/2019/08/06/national/57-dead-18000-taken-hospitals-one-week-amid-japan-heat-wave/#.Xdj5TL9S8o8.
   Google Scholar
• Lehr, D. 2019. “China’s Green Finance Model Shows How Saving the Planet Can also be a Savvy Investment.” South China Morning Post. https://www.scmp.com/comment/insight-opinion/united-states/article/2186814/chinas-green-finance-model-shows-how-saving.
   Google Scholar
• Mainichi Japan. 2019a. Japan to Keep Pushing Coal in Developing World Despite Criticism. https://mainichi.jp/english/articles/20191210/p2g/00m/0fp/044000c.
   Google Scholar
• Mainichi Japan. 2019b. Koizumi’s Lack of COP 25 Coal Commitments “Wins” Japan 2nd “Fossil” Award. https://mainichi.jp/english/articles/20191212/p2g/00m/0fp/050000c.
   Google Scholar
• McCurry, J. 2019. “2020 Olympics: Tokyo Accepts ‘Painful’ Decision to Move Marathon to Sapporo.” The Guardian. https://www.theguardian.com/sport/2019/nov/01/2020-olympics-tokyo-accepts-painful-decision-to-move-marathon-to-sapporo.
   Google Scholar
• METI. 2017a. Climate Change Adaptation: Good Practices by Japanese Private Sector. Tokyo: Ministry of Economy, Trade, and Industry. http://www.sc.mufg.jp/english/company/news/000014701.pdf.
   Google Scholar
• METI. 2017b. Guidance for Integrated Corporate Disclosure and Company-Investor Dialogues for Collaborative Value Creation. Tokyo: Ministry of Economy, Trade, and Industry.
   Google Scholar
• METI. 2018. Guidance on Climate-Related Financial Disclosures. Tokyo: Ministry of Economy, Trade, and Industry. https://www.meti.go.jp/english/press/2018/pdf/1225_006b.pdf.
   Google Scholar
• METI. 2019a. Background on METI's Long-Term Strategy as Growth Strategy. Tokyo: Ministry of Economy, Trade, and Industry. https://www.eu-japan.eu/sites/default/files/imce/meti.pdf.
   Google Scholar
• METI. 2019b. Key Takeaways from TCFD Summit. Tokyo: Ministry of Economy, Trade, and Industry. https://www.meti.go.jp/english/press/2019/pdf/1010_004a.pdf.
   Google Scholar
• METI. 2019c. SDGS 経営/ESG投資研究会 報告書 (SDGs Management / ESG Investment Study Group Report). Tokyo: Ministry of Economy, Trade, and Industry. https://www.meti.go.jp/press/2019/06/20190628007/20190628007_01.pdf.
   Google Scholar
• METI. 2019d. Summary of the Report of the SDG Management/ESG Investment Study Group. Tokyo: Ministry of Economy, Trade, and Industry. https://www.meti.go.jp/english/press/2019/pdf/0628_002.pdf.
   Google Scholar
• METI. 2019e. The Guide for SDG Business Management. Tokyo: Ministry of Economy, Trade, and Industry. https://www.meti.go.jp/english/press/2019/pdf/0531_001a.pdf.
   Google Scholar
• Milburn, E. 2019. “ESG Country Snapshot: Japan – Land of the Rising ESG.” Responsible Investor, 27 February.
   Google Scholar
• MOEJ. 2012. Basic Guidelines on Accounting for Greenhouse Gas Emissions Throughout the Supply Chain. Tokyo: Ministry of Environment. https://www.env.go.jp/earth/ondanka/supply_chain/gvc/en/files/GuideLine.pdf.
   Google Scholar
• MOEJ. 2015a. Supply-chain Emissions in Japan. Tokyo: Ministry of Environment. https://www.env.go.jp/earth/ondanka/supply_chain/gvc/en/files/supply_chain_en.pdf.
   Google Scholar
• MOEJ. 2015b. National Plan for Adaptation to the Impacts of Climate Change. Tokyo: Ministry of Environment. https://www.env.go.jp/en/focus/docs/files/20151127-101.pdf.
   Google Scholar
• MOEJ. 2017. ESG Working Group Report. Tokyo: Working Group on Incorporating Issues Regarding Sustainability into Investment, Ministry of Environment. https://www.env.go.jp/en/policy/esg/pdf/ESG_WG_report.pdf.
   Google Scholar
• MOEJ. 2018. Climate Change in Japan and Its Impacts. Synthesis Report on Observations, Projections and Impact Assessments of Climate Change. Tokyo: Ministry of the Environment. http://www.env.go.jp/earth/tekiou/pamph2018_full_Eng.pdf.
   Google Scholar
• MOEJ. 2019. MOEJ Releases Practical Guide for Scenario Analysis in Line with TCFD Recommendations. Tokyo: Ministry of the Environment. https://www.env.go.jp/en/headline/2396.html.
   Google Scholar
• Morishita, S. 2019. “Japan’s Efforts for Promoting the SDGs.” Presentation given at the HLPF 2019 Side Event A Whole-of-Japan Approach toward Achieving the SDGs: Aligning Domestic and International Actions. New York, 17 July. https://iges.or.jp/sites/default/files/inline-files/20190717_Presentation1.pdf.
   Google Scholar
• Nagao, R., and K. Yamada. 2019. “Bullet Train to Restore Service as JR East Faces Big Repair Bill.” Nikkei Asian Review. https://asia.nikkei.com/Business/Transportation/Bullet-train-to-restore-service-as-JR-East-faces-big-repair-bill2.
   Google Scholar
• Nakano, K. 2017. “Screening of Climatic Impacts on a Country’s International Supply Chains: Japan as a Case Study.” Mitigation and Adaptation Strategies for Global Change 22 (4): 651–667. doi:10.1007/s11027-015-9692-6.
   Web of Science ®Google Scholar
• Navigant. 2018. “Carbon Risks of the Economy and Stress Test for the Financial Sector.” https://www.navigant.com/experience/energy/2018/carbon-risks-of-the-economy.
   Google Scholar
• NGFS. 2019. A Sustainable and Responsible Investment Guide for Central Banks’ Portfolio Management. Paris: Central Banks and Supervisors Network for Greening the Financial System. https://www.dnb.nl/binaries/ngfs-a-sustainable-and-responsible-investment-guide_tcm46-385984.pdf.
   Google Scholar
• NHK World. 2020. “Koizumi Questions Japan Financing of Vietnam Plant.” NHK World. https://www3.nhk.or.jp/nhkworld/en/news/20200121_33/.
   Google Scholar
• Nikkei Asian Review. 2020. “Japan Minister Seeks Review of Coal-fired Plant in Vietnam.” Nikkei Asian Review. https://asia.nikkei.com/Spotlight/Environment/Japan-minister-seeks-review-of-coal-fired-plant-in-Vietnam.
   Google Scholar
• Ohno, I., K. Konya, H. Shiga, F. Murillo, and E. Charvet. 2019. Scaling Up Business Impact on the SDGs. Tokyo: T20 Japan. https://t20japan.org/wp-content/uploads/2019/03/t20-japan-tf1-8-scaling-up-business-impact-sdgs.pdf.
   Google Scholar
• Osaki, T. 2019. Shinjiro Koizumi’s ‘Sexy’ Fight against Climate Change is Untranslatable, Japan’s Government Says.” The Japan Times. https://www.japantimes.co.jp/news/2019/10/16/national/politics-diplomacy/shinjiro-koizumis-sexy-fight-climate-change-untranslatable-japans-government-says/#.Xd0A579S8o9.
   Google Scholar
• PRI. 2020. PRI Signatory Directory. London: UN Principles for Responsible Investment. https://www.unpri.org/signatories.
   Google Scholar
• PRI and UNEP FI. 2017. Fiduciary Duty in the 21st Century: Japan Roadmap. London: UN Principles for Responsible Investment. https://www.unpri.org/download?ac=1389.
   Google Scholar
• PRI and UNEP FI. 2019. Fiduciary Duty in the 21st Century: Final Report. London: UN Principles for Responsible Investment. https://www.unpri.org/download?ac=9700UNDP.
   Google Scholar
• Renewable Energy Institute. 2017. Business Risks of new Coal-Fired Power Plant Projects in Japan: The Decline in Capacity Factor and its Effect on the Business Feasibility. Tokyo: Renewable Energy Institute. https://www.renewable-ei.org/en/activities/reports/img/20170720/REI_Summary_20170901_CoalBusinessRisk_EN.pd.
   Google Scholar
• Renewable Energy Institute. 2019. Risk Analysis of Coal-Fired Power Plant Investment in Japan. Tokyo: Renewable Energy Institute. https://www.renewable-ei.org/pdfdownload/activities/CoalBusinessRisks_EN_1910.pdf.
   Google Scholar
• Reuters. 2018. “Japan’s Utilities Crank Up Oil-fired Power in Face of Heat Wave.” The Japan Times. https://www.japantimes.co.jp/news/2018/07/30/business/japans-utilities-crank-oil-fired-power-face-heat-wave/#.Xdj4o79S8o8.
   Google Scholar
• Reuters. 2019. “ECB Considers Putting Climate Change Risks in Future Bank Stress Tests.” Reuters. https://www.reuters.com/article/us-ecb-policy-deguindos/ecb-considers-putting-climate-change-risks-in-future-bank-stress-tests-idUSKBN1XO29W.
   Google Scholar
• Rich, M., H. Ueno, and M. Inoue. 2018. “In Japan, Deadly Heat Wave Tests Endurance of Even the Most Stoic.” The New York Times. https://www.nytimes.com/2018/07/25/world/asia/japan-heat-wave.html.
   Google Scholar
• Saito, Y. 2012. “Corporate Governance and Active Engagement in Japan: Transformation in the Face of Incremental Shareholder Value?” Journal of Sustainable Finance and Investment 2 (3–4): 179–197. doi:10.1080/20430795.2012.742633.
   Google Scholar
• Sato, T. 2020. “Japan Inc. Reports Record Cases of Faulty Bookkeeping.” Nikkei Asian Review. https://asia.nikkei.com/Business/Business-trends/Japan-Inc.-reports-record-cases-of-faulty-bookkeeping.
   Google Scholar
• Schumacher, K. 2015. “Comparative Analysis of the Environmental Impact Assessment Procedures of Japan and New Zealand.” The International Journal of Sustainability Policy and Practice 11 (2): 11–21. doi:10.18848/2325-1166/CGP/v11i02/55348.
   Google Scholar
• Schumacher, K. 2017. “Large-scale Renewable Energy Project Barriers: Environmental Impact Assessment Streamlining Efforts in Japan and the EU.” Environmental Impact Assessment Review 65 (April): 100–110. doi:10.1016/j.eiar.2017.05.001.
   Google Scholar
• Schumacher, K. 2018. “Environmental Approval Regulations: Why Investors Should Take Note.” Environmental Finance. https://www.environmental-finance.com/content/analysis/environmental-approval-regulations-why-investors-should-take-note.html.
   Google Scholar
• Schumacher, K. 2019a. “Approval Procedures for Large-Scale Renewable Energy Installations: Comparison of National Legal Frameworks in Japan, New Zealand, the EU and the US.” Energy Policy 129 (April 2018): 139–152. doi:10.1016/j.enpol.2019.02.013.
   Google Scholar
• Schumacher, K. 2019b. Japan is Catching up Slowly. Berlin: Germanwatch. https://germanwatch.org/en/16528.
   Google Scholar
• Science-Based Targets Initiative. 2019a. Raising the bar: Exploring the Science Based Targets Initiative’s Progress in Driving Ambitious Climate Action. London et al: Science-Based Targets Initiative. https://sciencebasedtargets.org/wp-content/uploads/2019/12/SBTi-Progress-Report-2019-FINAL-v1.2.pdf.
   Google Scholar
• Science-Based Targets Initiative. 2019b. Target Validation Protocol TWG-PRO-002 | Version 1.0. London et al: Science-Based Targets Initiative. https://sciencebasedtargets.org/wp-content/uploads/2019/04/target-validation-protocol.pdf.
   Google Scholar
• Science-Based Targets Initiative. 2020. Meet the Companies Already Setting Their Emissions Reduction Targets in Line with Climate Science. London et al: Science-Based Targets Initiative. https://sciencebasedtargets.org/companies-taking-action/.
   Google Scholar
• SDGs Promotion Headquarters. 2017. Japan’s Voluntary National Review, Report on the Implementation of the Sustainable Development Goals, Tokyo: Government of Japan.
   Google Scholar
• Semieniuk, G., E. Campiglio, J.-F. Mercure, U. Volz, and N. Edwards. 2020. Low-carbon Transition Risks for Finance. Mimeo. Amherst, MA: University of Massachusetts.
   Google Scholar
• Smee, B., and D. Hurst. 2019. “Energy Analysts Forecast ‘the End of Coal’ in Asia as Japanese Investors Back Renewables.” The Guardian. https://www.theguardian.com/environment/2019/mar/18/energy-analysts-forecast-the-end-of-coal-in-asia-as-japanese-investors-back-renewables.
   Google Scholar
• Stanny, E. 2018. “Reliability and Comparability of GHG Disclosures to the CDP by US Electric Utilities.” Social and Environmental Accountability Journal 38 (2): 111–130. doi:10.1080/0969160X.2018.1456949.
   Google Scholar
• Strauss, B. H., S. Kulp, and A. Levermann. 2015. Mapping Choices: Carbon, Climate, and Rising Seas: Our Global Legacy. Climate Central Research Report. Princeton, NJ. https://sealevel.climatecentral.org/uploads/research/Global-Mapping-Choices-Report.pdf.
   Google Scholar
• Temple-West, P. 2019. Japanese Companies Lead World in Disclosing Climate Risks. https://www.ft.com/content/727862e4-d760-11e9-8f9b-77216ebe1f17.
   Google Scholar
• Thomä, J., S. Dupré, M. Hayne, C. Weber, F. Hassan, and M. Fulton. 2015. Assessing the Alignment of Portfolios with Climate Goals: Climate Scenarios Translated Into a 2°C Benchmark. New York et al: 2° Investing Initiative. http://2degrees-investing.org/wp-content/uploads/2018/02/2dportfolio_v0_small.pdf.
   Google Scholar
• Tol, R. S. J. 2018. “The Economic Impacts of Climate Change.” Review of Environmental Economics and Policy 12 (1): 4–25. doi:10.1093/reep/rex027.
   Web of Science ®Google Scholar
• Trencher, G., N. Healy, K. Hasegawa, and J. Asuka. 2019. “Discursive Resistance to Phasing Out Coal-Fired Electricity: Narratives in Japan’s Coal Regime.” Energy Policy 132 (October 2018): 782–796. doi:10.1016/j.enpol.2019.06.020.
   Google Scholar
• UNDP. 2019. UNDP Funding Compendium 2018. Geneva: United Nations Development Programme. https://www.undp.org/content/dam/undp/library/corporate/Partnerships/UNDP-Funding-Compendium-2018.pdf.
   Google Scholar
• UNEP. 2019. Sustainable Finance Progress Report. Nairobi: United Nations Environment Programme. http://unepinquiry.org/wp-content/uploads/2019/03/Sustainable_Finance_Progress_Report_2018.pdf.
   Google Scholar
• UNFCCC. 2015. The Paris Agreement. Bonn: United Nations Framework Convention on Climate Change. https://unfccc.int/process-and-meetings/the-paris-agreement/the-paris-agreement.
   Google Scholar
• UNFCCC. 2018. UNFCCC Standing Committee on Finance: 2018 Biennial Assessment and Overview of Climate Finance Flows: Technical Report. Geneva. https://unfccc.int/sites/default/files/resource/2018 BA Technical Report Final Feb 2019.pdf.
   Google Scholar
• United Nations. 2015a. The 2030 Agenda for Sustainable Development. New York, USA. https://sustainabledevelopment.un.org/content/documents/21252030 Agenda for Sustainable Development web.pdf.
   Google Scholar
• United Nations. 2015b. Convention on Climate Change: Climate Agreement of Paris. New York: United Nations. 1–27. doi:10.1017/s0020782900004253.
   Google Scholar
• United Nations. 2019. Contributions Received for 2019 for the United Nations Regular Budget. https://www.un.org/en/ga/contributions/honourroll.shtml.
   Google Scholar
• Van Moerkerk, M., and W. Crijns-Graus. 2016. “A Comparison of Oil Supply Risks in EU, US, Japan, China and India Under Different Climate Scenarios.” Energy Policy 88: 148–158. doi:10.1016/j.enpol.2015.10.015.
   Web of Science ®Google Scholar
• Vermeulen, R., E. Schets, M. Lohuis, B. Kölbl, D.-J. Jansen, and W. Heeringa. 2018. “Central Bank and Prudential Supervisor of Institutions.” Occasional Studies 16 (7). https://www.dnb.nl/binaries/OS_Transition%20risk%20stress%20test%20versie_web_tcm46-379397.pdf.
   Google Scholar
• Volz, U. 2019. “Fostering Green Finance for Sustainable Development in Asia.” In Routledge Handbook of Banking and Finance in Asia, edited by U. Volz, P. Morgan, and N. Yoshino, 488–504. London: Routledge.
   Google Scholar
• Wardle, M., G. Ford, M. Mainelli, and S. Mills. 2019. The Global Green Finance Index 4. London: Z/Yen & City of London. https://www.longfinance.net/media/documents/GGFI_4_Full_Report_2019.09.27_v1.0.pdf.
   Google Scholar
• Whitley, S., J. Thwaites, H. Wright, and C. Ott. 2018. Making Finance Consistent with Climate Goals — Insights for Operationalising Article 2.1c of the UNFCCC Paris Agreement. London: Overseas Development Institute. https://www.odi.org/sites/odi.org.uk/files/resource-documents/12557.pdf.
   Google Scholar
• WMO. 2019. The State of Greenhouse Gases in the Atmosphere Based on Global Observations through 2018. WMO Greenhouse Gas Bulletin No. 15. Geneva: World Meteorological Organization. https://library.wmo.int/doc_num.php?explnum_id=10100.
   Google Scholar
• Yeandle, M., and M. Wardle. 2019. The Global Financial Centres Index 17. London: Z/Yen & City of London. https://www.longfinance.net/media/documents/GFCI_25_Report.pdf.
   Google Scholar