Principles for Responsible Institutional Investors, 2014

Japan Current 2014

In 2014 Japan’s Financial Services Authority (FSA) published a draft stewardship code, called the “Principles for Responsible Institutional Investors.” The Code exists on a voluntary comply-or-explain basis and aims to encourage long-term sustainable returns based on “seven principles to guide investors on their stewardship responsibilities.” It seeks to promote asset owner and management transparency and engagement with stakeholders on issues that affect the long-term value of shares. The principles include the expectation that “Institutional investors should have a clear policy on how they fulfill their stewardship responsibilities, and publicly disclose it”, as well as that “Institutional investors in principle should report periodically on how they fulfill their stewardship responsibilities, including their voting responsibilities, to their clients and beneficiaries.”

Scope

General sustainability/ESG/non-financial

Industry sectors covered by the instrument

Specific sector/s

Organizations covered by the instrument

Large companies (listed & unlisted) - investment institutions

Issuer type

Finance/Treasury

Type of instrument

Code of conduct or guideline

Mandatory or voluntary

Voluntary

The geographical scope

National/federal

Project Partners