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  5. METI to Launch Study Group on Encouraging Japanese Companies to Address International Initiatives on Climate Change

METI to Launch Study Group on Encouraging Japanese Companies to Address International Initiatives on Climate Change

October 18, 2018

The Ministry of Economy, Trade and Industry (METI) considers that Japan needs to discuss approaches to encouraging Japanese companies, under existing Japanese systems, to calculate their greenhouse gas (GHG) emissions that meet international initiatives on climate change and also to acquire and claim the value of renewable energy electricity, i.e., renewable energy value. In light of this, METI will convene a Study Group on Encouraging Japanese Companies to Address International Initiatives on Climate Change. The first meeting of the study group will be held on October 29 (Mon.), 2018.

1. Outline

In recent years, international initiatives on climate change, such as CDP and RE100, have been requiring global companies to disclose information on their measures against climate change for assessment and the influence of such initiatives is growing. These initiatives have been requiring Japanese companies to address such disclosures and other requirements. These initiatives recommend companies to utilize the private standards called “GHG protocols” in calculation of and reporting on companies’ GHG emissions, and these standards are becoming global ones.

To address this situation, METI decided to convene a Study Group on Encouraging Japanese Companies to Address International Initiatives on Climate Change and with the aim to develop a guidance targeting consumers, a compilation of specific approaches for companies in calculation of GHG emissions that meet international initiatives and for acquiring and claiming the renewable energy value under the existing Japanese systems.

2. Members of the study group (in the order of the Japanese syllabary; titles omitted)

Chair:

Dr. Kenji Yamaji, Director-General, Research Institute of Innovative Technology for the Earth (RITE)

Members:

Mr. Hiroki Kudo, Director, Fossil Fuels and Electric Power Industry Unit, Institute of Energy Economics
Ms. Miki Baba, Editor, Nikkei ESG, Nikkei Business Publications, Inc.
Dr. Junichi Fujino, Senior Researcher, Institute for Global Environmental Strategies
Ms. Mari Yoshitaka, Chief Environment and Society (ES) Strategist, Environmental Strategy Advisory Division, Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.

Division in Charge

Environmental Economy Office, Industrial Science and Technology Policy and Environment Bureau