GGX x TCFD Summit

As climate-related financial disclosures become more and more important, the Ministry of Economy, Trade and Industry (METI) held the first TCFD Summit in Tokyo, based on the notion that Japan should take leadership in the international discussion for the further support for TCFD recommendations. Since then, discussions have been made on topics such as how disclosures can promote private finance towards the transition to a low-carbon economy, and on finance to realize the development and implementation of innovative technologies for decarbonizations.

The Global GX (Green Transformation) conference was held in 2022 as a forum to consider for the first time the changing nature of society to promote global carbon neutrality and link emission reductions to economic growth and development (i.e. GX).

This year, the two events, which until now have attracted participation from a wide range of sectors including global industry, finance, governments, regulators, and international organizations, will be combined and conducted as the "GGX x TCFD Summit. In order to further develop discussions on transition finance, avoided emissions, industry decarbonization, and other topics related to how business and finance contribute to decarbonization, we will promote mutual cooperation between the government, business, and financial sectors, and hold discussions to lead the international rule-making process to achieve both emission reductions and economic growth.