2020年ESG信息披露实用手册 - 日本交易所（英文版）（72页）.pdf

1、Practical Handbook for ESG Disclosure 1 Contents Introduction 3 Background to the Handbook 3 Objective of the Handbook 3 Important features of the Handbook 4 Intended audience 5 The four Steps that make up the Handbook 6 Step 1: ESG Issues and ESG Investment 8 1-1 Understanding ESG issues and ESG in

2、vestment 9 Step 2: Connecting ESG Issues to Strategy 18 2-1 ESG and its impact on strategy 20 2-2 Identifying what is material 24 Step 3: Oversight and Implementation 32 3-1 ESG in the decision-making process 33 3-2 Setting metrics and targets 36 Step 4: Information Disclosure and Engagement 42 4-1

3、Organising disclosure contents 43 4-2 Using existing frameworks 46 4-3 Further points for consideration 48 4-4 Two-way engagement with investors 50 Afterword 51 2 Appendix: Outlines of existing frameworks 52 Sustainable Stock Exchanges (SSE) Initiative: Model Guidance on Reporting ESG Information to

4、 Investors 53 Ministry of Economy, Trade and Industry (METI): Guidance for Collaborative Value Creation 55 Recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) 57 Sustainability Accounting Standards Board (SASB) Standards 60 International Integrated Reporting Council (II

5、RC): International Integrated Reporting Framework 62 Global Reporting Initiative (GRI) Standards 65 World Federation of Exchanges (WFE): ESG Guidance and Metrics 67 Insets and examples Inset 1.1: The EU sustainable finance strategy 11 Inset 1.2: An example of a company valuation using ESG informatio

6、n 13 Inset 1.3: The rise of millennials 14 Inset 1.4: TCFD and Japans Green Investment Guidance 14 Inset 1.5: A letter to the worlds CEOs from BlackRock 16 Examples 2.1: How companies disclose the relationship between ESG issues and strategy 22 Example 2.2: Materiality analysis from Japanese financi