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Explanation of the SSBJ Standards, the New Guidance on Sustainability Standards, and Implications for Japanese Companies
Publication of the SSBJ Standards and its Impact on Japanese Companies
The SSBJ Standards, Japan’s first sustainability disclosure standards, will be extensively discussed, including the background of its formulation, its impact on companies, and its future prospects.
On March 5, 2025, SSBJ officially released Japan’s first sustainability disclosure standard.
The release of this standard marks an important turning point for Japanese companies, as it aims to support the sustainable growth of companies by enhancing disclosure of ESG (Environmental, Social, and Governance) related information.
This will require companies to disclose non-financial information including ESG factors alongside their financial information.
The SSBJ Standards include the “Application of Sustainability Disclosure Standards,” “General Disclosure Standards,” and “Climate-related Disclosure Standards.
These are designed to guide companies in disclosing sustainability information and to ensure international comparability.
For Japanese companies, the introduction of the SSBJ standards means increased transparency and credibility, enhanced regulatory compliance and risk management, and a contribution to sustainable growth.
Companies will need to manage ESG risks, set GHG emissions reduction targets, and integrate sustainability information with financial information.
Since each company will be required to disclose information based on the SSBJ standards in a phased manner starting in the fiscal year ending March 31, 2027, companies are required to establish a system as soon as possible.
Impact on Japanese Companies and Countermeasures
This presentation will explain the process of formulating the SSBJ Standards and its future prospects.
In particular, we will explain the background and objectives of the SSBJ Standards, challenges that companies may face, future plans and goals, expected effects, and how Japanese companies should respond to the new standards.
The presentation will also outline specific measures that LRQA can take to assist companies in meeting the expectations of customers and investors with regard to sustainability-related information disclosure.
This is an opportunity to hear from the experts. We look forward to hearing from you.