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25 Oct 2016

Japan: Japanese companies' reporting on sustainability inadequate, says Rainforest Action Network

Rainforest Action Network has been tracking the implementation of Japan’s Corporate Governance Code which, introduced in June 2015, was heralded as a major step forward in helping to open up Japanese corporations to greater transparency and oversight. On the first anniversary of the Code, this new report by RAN exposes a lack of progress in how companies are addressing and reporting on critical sustainability issues. ... Rainforest Action Network evaluated the Code reports of ten major Japanese companies known to be directly linked to tropical deforestation and associated social risks through their supply chains or financial relationships. The report finds that while companies reported an awareness of generic sustainability issues, few identified the specific environmental and social risk factors they faced from their direct links to tropical deforestation, and none demonstrated how they are practically addressing these issues. In all cases, the companies were found to be linked to significant ongoing environmental and social conflicts. 

Company Responses

Fuji Oil View Response
Itochu View Response

No Response

Mitsubishi UFJ Financial Group

No Response

Mizuho Financial Group View Response
Oji Paper

No Response

Sumitomo Forestry View Response
Sumitomo Mitsui Financial Group View Response
Sumitomo Mitsui Trust Holdings

No Response