Strengthening Corporate Sustainability Disclosure

Japanese companies are increasingly engaging in international sustainability disclosure frameworks such as TCFD, CDP, and, more recently, the ISSB standards. While this marks important progress in aligning with global expectations, the current focus remains largely on financial risk (“single materiality”), with limited attention to the broader environmental and social impacts of corporate activities. Additionally, while many companies now publish long-term climate or sustainability goals, there is often a lack of concrete, actionable transition plans showing how these goals will be achieved. Without clear milestones, strategies, and accountability, disclosure risks becoming a formal exercise rather than a catalyst for real transformation.