The Climate Bonds Initiative (CBI) and Institute for Global Environmental Strategies (IGES) have collaborated to create the Transition Strategies Toolkit – a set of guidance to promote transition finance among Japanese companies. The toolkit expands on the principles and framework of the Guidance to Assess Transition Plans issued by CBI last year, which identifies the characteristics and framework for transition-planning to help entities decarbonise. The new resource follows the International Capital Market Association’s thematic guidelines and the disclosure requirements of the Task Force on Climate-related Financial Disclosures – aiming to offer a steer for Japanese firms looking to develop and implement credible, science-based transition plans, and for investors who support decarbonisation. “The world is rapidly shifting to becoming a green economy thanks to powerful policy measures in Europe, the USA, China, and Japan … Transition-planning is essential if companies are to prosper in the changing economy,” said Sean Kidney, CEO of the CBI. “The online transition strategy toolkit is a practical and essential resource for developing credible transition plans that will attract global green capital. We’re excited to be able to collaborate with IGES in this initiative, and through that to contribute to Japan’s successful transition.”
