Comments on the IFRS Foundation Consultation Paper on Sustainability Reporting

The IFRS Council of Japan(*), in which the Financial Services Agency and the Financial Accounting Standards Foundation (FASF) serve as the secretariat, has submitted a comment letter on the IFRS Foundation Consultation Paper on Sustainability Reporting , published on September 30, 2020.

Comments on the Consultation Paper on Sustainability Reporting

(*) The IFRS Council of Japan is a conference body for the purpose of gathering and exchange the opinions of Japanese market participants related to International Financial Reporting Standards (IFRS) and comprises nine organizations (Japan Business Federation (JBF), Japanese Institute of Certified Public Accountants (JICPA), Japan Exchange Group/ Tokyo Stock Exchange, Inc. (JPX/TSE), Securities Analysts Association of Japan (SAAJ), Accounting Standards Board of Japan (ASBJ), Financial Accounting Standards Foundation (FASF), Financial Services Agency (FSA), Ministry of Economy, Trade and Industry (METI), and Ministry of Justice (MOJ)) For discussing and submitting the comment letter on the consultation paper, a working group was formed under the Council, and in addition to the nine organizations mentioned above, seven organizations (Government Pension Investment Fund (GPIF), Japanese Bankers Association (JBA), Japan Securities Dealers Association (JSDA), Life Insurance Association of Japan (LIAJ), General Insurance Association of Japan (GIAJ), Japan Investment Advisers Association (JIAA) , and Ministry of the Environment (MOE)) participated as observers and the Council collected their opinions.