26 August 2009

Japanese Ministry of the Environment to develop Principles for Environmental Finance

From Japan for Sustainability, 18 August 2009

'The Japanese Ministry of the Environment is now planning to formulate a set of principles for environmental finance, with the aim to increase eco-conscious investments and environmental finance practices. The principles are to be prepared as part of the Ministry's program to promote environmental finance in Japan.

Such principles already exist in global financial markets; for example, the Principles for Responsible Investment (PRI) developed under the auspices of the United Nations Environment Programme (UNEP) Finance Initiative. The PRI calls on institutional investors to integrate environmental, social, and corporate governance considerations into their investment activities.

The Ministry intends to develop the Japanese version based on the UNEP Principles for Responsible Investment.'

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