Overall sustainability governance

Committee:
Sustainability & Social Responsibility
status:
Some progress
Published:
Japan under former Prime Minister Suga joined other countries in announcing that Japan will be carbon neutral by 2050. While the announcement was met with fanfare at the time, some of the momentum seems to have been lost. Not only where there no immediate follow-up, but concrete implementation has been slow.

Recommendations

  • To improve the overall integration of sustainability and social responsibility requirements into its economy, Japan needs to improve accountability and display more transparency on current situations and challenges, long-term goals, and concrete plans supporting the achievement of these goals.
  • National announcements such as the Carbon Neutrality 2050 (pledged in 2021) or the more recent “New Capitalism” plan still need to be translated into actual transformative policies able to guide businesses and investments in the right direction.