Current status and issues of the ESG investment in Japan

DOI
  • Tsujimoto Shinya
    ニッポンライフ・グローバル・インベスターズ・シンガポール CEO

Bibliographic Information

Other Title
  • 日本におけるESG投資の現状と課題

Abstract

<p>Since GPIF, one of the biggest asset owners in the world, signed PRI, ESG investment suddenly became popular in Japan. The general method in ESG investment is ESG rating. Asset managers create their own ESG ratings by using ESG research vendor information and their original research. However, they evaluate ESG and fundamental research separately. As a result it is not ESG integration. The next goal for the asset managers is a real ESG integration. Many asset managers use 3 - 5 year earnings or cash flow forecast to evaluate the companies. They are required to use ESG information for the forecasts. In addition, they might use ESG information to calculate the risk of the valuation models such as DDM and DCF. Although ESG investment has the challenges like the low level of ESG research, it might be expanded and accepted as a long term investment method. Especially, the engagement has the potential to improve company values and might contribute to the stock market and the real economy in Japan.</p>

Journal

Keywords

Details 詳細情報について

  • CRID
    1390566775149857536
  • NII Article ID
    130007870402
  • DOI
    10.34441/investorrelations.13.1_32
  • ISSN
    2435435X
    21850798
  • Text Lang
    ja
  • Data Source
    • JaLC
    • CiNii Articles
  • Abstract License Flag
    Disallowed

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