As of this week I am thinking this spate of announcements may be very similar to the spate of many (i.e., 15+ different firms) that announced 偽造表示 (false labeling scandals), that suddenly happened about 5 years ago, and were announced all in the space of about one month afterwards. Here is a partial list, that […]
Month: November 2017
The Economist: “Environmental, societal, and…what? The craze for ethical investment has reached Japan”
The Economist has published two articles on ESG, one focusing on its expansion in Japan led by the GPIF and the other focusing on the impact of passive funds on the effectiveness of ESG investment overall. I was [accurately] quoted in the former – ” Nick Benes, who heads the Board Director Training Institute of Japan, an educational body, says he is “all for” the enthusiasm for ESG in Japan. But he frets that Japanese companies are focusing on environmental and social aspects at the expense of governance. “That is the real driver of sustainability,” says Mr Benes. “But here it’s a big, bold E and S, and a small, plain G.”