We have expanded the list of climate policies we assess company engagement with to incorporate land-use related policy, referring to legislative or regulatory measures to enhance and protect ecosystems and land where carbon is being stored. Assessments under this category are currently underweighted in terms of their contribution to the overall company metrics. This weighting will be progressively increased over the next 6 months.
We adjusted the terminology used to describe the queries running down the left-hand side of our scoring matrix and added additional explanatory text to the info-boxes. This has no impact on the scores and methodology. It has been done following user feedback to improve clarity.
Climate Lobbying Overview: Japanese Bankers Association (JBA) appears to have engaged with some climate and energy policies in the recent years, although their position are mostly limited to broad communications. While it has broadly positive top-line messaging on climate change and supports GHG emissions reduction towards 2050, it has mixed position on the energy transition.
Top-line Messaging on Climate Policy: JBA appears to have broadly positive top-line messaging on climate change. JBA appears to communicate broad support towards increased GHG emissions reductions including towards 2050 Carbon Neutrality target, as stated on its tax reform demand paper published on its website in September 2021. The chair of JBA also communicated broad support towards decarbonization at a press conference held in September 2021.
Engagement with Climate-Related Regulations: JBA appears to have limited engagement with climate-related regulations. In its comments to the European Banking Authority (EBA) Consultation Paper in May 2021, JBA appears to support government regulation but qualifies this support for regulations by stating they want global regulations and/or standards before any regional or national ones can be brought in. In 2020, the chair of JBA acknowledged the effect of implementing climate regulation, but do not state a clear position towards it in his comments made at a press conference.
JBA has implemented voluntary energy efficiency standards within its sector, as stated in its sustainability report 2020-21, however it is unclear if they support legislative energy efficiency standards or targets.
JBA has set voluntary GHG emissions targets within its sector, but it is unclear whether they are supporting legislative GHG emissions targets.
Evidence based on their statements published in the tax reform demand paper of 2020 suggests JBA’s support for renewable energy legislation to allow for increased investment into renewable energy. This position was also reiterated in its tax reform demand paper of 2021.
InfluenceMap collects and assesses evidence of corporate climate policy engagement on a weekly basis, depending on the availability of information from each specific data source (for more information see our methodology). While this analysis flows through to the company’s scores each week, the summary above is updated periodically. This summary was last updated in Q4 2022.