Companies listed on the
The move by
With environmental awareness on the rise, some companies have already begun to disclose estimates on damage costs in the event of a disaster, and specify targets for reducing carbon dioxide emissions.
The proposed revision, which aims to accelerate such disclosures, will be discussed at a meeting of experts on Wednesday, with the TSE aiming to have the new guidelines take effect as early as June.
Information to be disclosed will be based on the recommendations released in 2017 by the
Over 300 Japanese companies have already expressed their support for the proposal, according to the FSA.
The TSE is planning a major reorganization of its bourse into three sections in
The exchange is considering requiring stocks belonging to this new section, which will have stricter listing criteria than the current main board, to communicate their climate change risks in a clear manner.
The revised corporate governance code is also expected to push for increased transparency by requiring companies listed in the prime market to have independent outside directors make up at least one-third of their board.
==Kyodo
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