Financial Services Agency of Japan Releases List of ESG Rating and Data Providers Adopting New Code of Conduct
Tokyo, Japan – July 25, 2025 – The Financial Services Agency (FSA) of Japan announced today the public release of its inaugural list of ESG rating and data providers that have expressed their commitment to the newly established “Code of Conduct for ESG Rating and Data Providers.” This significant development, effective as of June 30, 2025, marks a crucial step towards enhancing the credibility and transparency of the rapidly growing ESG (Environmental, Social, and Governance) investment landscape in Japan.
The “Code of Conduct for ESG Rating and Data Providers” was developed to address the increasing demand for reliable and consistent ESG information, essential for investors seeking to integrate sustainability considerations into their decision-making processes. Recognizing the vital role these providers play in facilitating sustainable finance, the FSA has proactively worked to establish a framework that promotes best practices, ethical conduct, and a high degree of professionalism within the industry.
The publication of this list signifies that the listed organizations have formally indicated their acceptance of the principles and guidelines outlined in the Code of Conduct. While not a formal certification or accreditation, this voluntary endorsement demonstrates a commitment to uphold standards related to areas such as:
- Clarity and Transparency: Providers are expected to be transparent about their methodologies, data sources, rating scales, and any potential conflicts of interest.
- Objectivity and Independence: The Code emphasizes the importance of maintaining independence and avoiding undue influence from the companies being rated.
- Accuracy and Reliability: Providers are encouraged to ensure the accuracy and reliability of the data and assessments they produce.
- Due Diligence: A commitment to conducting thorough due diligence in their evaluation processes.
- Communication: Clear communication with rated entities and stakeholders regarding their assessments.
The FSA’s initiative aims to foster greater trust among market participants, including investors, issuers, and the ESG rating and data providers themselves. By providing a clear indication of which organizations adhere to these foundational principles, the FSA seeks to empower investors with more confidence in the ESG information they utilize. Furthermore, it encourages providers to continuously improve their practices and contribute to a more robust and sustainable financial ecosystem.
The list, available on the FSA’s official website, provides a valuable resource for those seeking ESG ratings and data services in Japan. The FSA intends to regularly update this list to reflect ongoing participation and evolving industry standards. This forward-looking approach underscores Japan’s commitment to driving sustainable finance and promoting responsible investment practices at both domestic and international levels.
This announcement is a welcome development for the financial sector and stakeholders invested in sustainable growth. It is anticipated that this initiative will contribute to a more mature and dependable ESG market in Japan, ultimately supporting the transition towards a more sustainable economy.
「ESG評価・データ提供機関に係る行動規範」の受入れを表明した評価機関等リスト（令和７年６月30日時点）について公表しました。
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金融庁 published ‘「ESG評価・データ提供機関に係る行動規範」の受入れを表明した評価機関等リスト（令和７年６月30日時点）について公表しました。’ at 2025-07-25 17:00. Please write a detailed article about this news in a polite tone with relevant information. Please reply in English with the article only.