Mr. Kengo Nishiyama, analyst of Nomura Equity Research, has submitted the report below. Summary:
No large gaps in ESG score distribution between Japan and Europe/North America
Japanese companies score highly for environment-related efforts
Although investor concerns regarding Japanese corporate governance have been growing in response to the recent incidents, ESG data and other indicators suggest that Japanese companies have put governance structures in place.
We think the key to easing investor concerns will be how effectively these structures function. In light of therecent incidents, we think companies that enhance communications with investors (such as through proactive information disclosure) and actively strengthen governance structures are likely to attract favorable attention.
The full report is on BDTI's data library : http://bit.ly/tgl3xE