The government on Tuesday held the first global summit to encourage corporate disclosures on climate change, and called on investors to forge a virtuous cycle between the environment and growth.
The 2015 Paris agreement, a global pact agreed on by nearly 200 countries to fight potentially devastating climate change, has spawned a boom in responsible investments to realize a sustainable society, trade minister Isshu Sugawara said in a keynote speech at the Tokyo summit convened by the Task Force on Climate-related Financial Disclosures, or TCFD.
In particular, environmental, social and governance investing, known as ESG, has been boosted by about ¥2 quadrillion over the past six years, Sugawara added.