Policy / Systems / Technology

August 18, 2009


Ministry to Develop Japanese Principles for Environmental Finance

Keywords: Government Policy / Systems 

The Japanese Ministry of the Environment is now planning to formulate a set of principles for environmental finance, with the aim to increase eco-conscious investments and environmental finance practices. The principles are to be prepared as part of the Ministry's program to promote environmental finance in Japan.

Such principles already exist in global financial markets; for example, the Principles for Responsible Investment (PRI) developed under the auspices of the United Nations Environment Programme (UNEP) Finance Initiative. The PRI calls on institutional investors to integrate environmental, social, and corporate governance considerations into their investment activities. To further promote environmental finance in Japan, however, the Ministry believes it will be effective to formulate a Japanese version based on the nation's specific circumstances, targeting a wide range of investment and loan operations. These principles are expected to encourage the participation of many financial institutions, including those engaged solely in domestic operations.

The Ministry intends to develop the Japanese version based on the UNEP Principles for Responsible Investment.

Posted: 2009/08/18 06:00:15 AM