ESG Investment Spreading in Japan

Economy

Tokyo, Oct. 4 (Jiji Press)--Securities investment focusing on environmental, social and governance factors is rapidly expanding in Japan amid growing attention to climate change and other issues.

The value of ESG investment in Japan quadrupled over the last two years, according to the Global Sustainable Investment Alliance. The share of Japan was only 7 pct of the global total last year, but the country had the fastest pace of growth in ESG investment over the last two years, the GSIA said.

In addition to stocks in companies tackling environmental, social and governance issues, bonds linked to projects such as renewable energy and railway construction have been drawing strong demand, Mizuho Securities Co. said.

Japanese Prime Minister Shinzo Abe sought to promote ESG investment at a U.N. meeting in New York last month.

In 2015, the United Nations adopted 17 Sustainable Development Goals, including poverty eradication.

[Copyright The Jiji Press, Ltd.]

Jiji Press