Overview & Welcome Message
Agenda & Resources
Speakers
Date: 12 November 2021
Event Overview
The 5th annual sustainable finance conference from the International Capital Market Association (ICMA) and the Japan Securities Dealers Association (JSDA) focused on the role of climate transition bonds, social bonds, and sustainability-linked bonds in encouraging ESG themed bond market.
Although we have seen considerable progress in the green bond market in Japan with an increasing number of issues from the private sector, as yet there has been less issuance of the newer products, transition bonds, social bonds and sustainability-linked bonds.
This event looked at the benefits of issuing these bonds, introducing case studies from global and Japanese markets, and consider the conditions needed to encourage growth in the market, including recent initiatives from the Japanese government.
A link to the event recording and the presentation materials will be made available shortly.
Japanese Event Recording / English Event Recording
Welcome Message JSDA
It is a great pleasure to announce this event that the JSDA and the ICMA co-host at its fifth year.
This year, the momentum for carbon neutrality has been sharply increasing in Japan both in terms of the number of green bonds issuance and the heightened awareness toward the importance of transition finance. In addition, the impact of the COVID-19 on our society has revealed the significance of financing social projects for socioeconomic advancement and empowerment.
Therefore, it would be meaningful to learn how our capital markets can contribute to these financial needs for a sustainable society. It is my deep hope that this event will provide great opportunities to learn from distinguished speakers’ discussions on the latest frameworks and best practices in both the Japanese and global bond markets.
Toshio Morita, Chairman and CEO, JSDA
Welcome Message ICMA
Welcome to the 5th annual sustainable finance event that the international Capital Market Association (ICMA) is once again delighted to co-host with the Japan Securities Dealers Association (JSDA).
Despite the global pandemic and dramatic changes across all regions, we have witnessed remarkable resilience in the capital markets globally, and progress and expansion in the ESG themed bond markets including green, social, sustainability linked bonds, as well as in climate transition finance, both in Europe and in Japan.
Now as we look towards the next phase of economic recovery, I am very pleased to have this opportunity to share new initiatives and experiences in this important and fast growing market and to engage in discussion about how this form of finance can be used to mitigate climate change, transform our environmental footprint and address social issues.
Bryan Pascoe, Chief Executive, ICMA
In partnership with:
Event Overview
The 5th annual sustainable finance conference from the International Capital Market Association (ICMA) and the Japan Securities Dealers Association (JSDA) focused on the role of climate transition bonds, social bonds, and sustainability-linked bonds in encouraging ESG themed bond market.
Although we have seen considerable progress in the green bond market in Japan with an increasing number of issues from the private sector, as yet there has been less issuance of the newer products, transition bonds, social bonds and sustainability-linked bonds.
This event looked at the benefits of issuing these bonds, introducing case studies from global and Japanese markets, and consider the conditions needed to encourage growth in the market, including recent initiatives from the Japanese government.
A link to the event recording and the presentation materials will be made available shortly.
Japanese Event Recording / English Event Recording
Welcome Message JSDA
It is a great pleasure to announce this event that the JSDA and the ICMA co-host at its fifth year.
This year, the momentum for carbon neutrality has been sharply increasing in Japan both in terms of the number of green bonds issuance and the heightened awareness toward the importance of transition finance. In addition, the impact of the COVID-19 on our society has revealed the significance of financing social projects for socioeconomic advancement and empowerment.
Therefore, it would be meaningful to learn how our capital markets can contribute to these financial needs for a sustainable society. It is my deep hope that this event will provide great opportunities to learn from distinguished speakers’ discussions on the latest frameworks and best practices in both the Japanese and global bond markets.
Toshio Morita, Chairman and CEO, JSDA
Welcome Message ICMA
Welcome to the 5th annual sustainable finance event that the international Capital Market Association (ICMA) is once again delighted to co-host with the Japan Securities Dealers Association (JSDA).
Despite the global pandemic and dramatic changes across all regions, we have witnessed remarkable resilience in the capital markets globally, and progress and expansion in the ESG themed bond markets including green, social, sustainability linked bonds, as well as in climate transition finance, both in Europe and in Japan.
Now as we look towards the next phase of economic recovery, I am very pleased to have this opportunity to share new initiatives and experiences in this important and fast growing market and to engage in discussion about how this form of finance can be used to mitigate climate change, transform our environmental footprint and address social issues.
Bryan Pascoe, Chief Executive, ICMA
In partnership with:

Resources
Japan's Basic Guidelines on Climate Transition Finance/クライメート・トランジション・ファイナンスに関する基本指針 English/ 日本語
・ Green Bond/グリーンボンド関連
Green Bond Principles 2021/グリーンボンド原則2021 English/ 日本語
Japan's Green Bond Guidelines Green Loan and Sustainability Linked Loan Guidelines/
Japan's Social Bond Guidelines/ソーシャルボンド ガイドライン English/ 日本語
・ Sustainability-Linked Bond/サステナビリティ・リンク・ボンド関連
Sustainability-Linked Bond Principles/サステナビリティ・リンク・ボンド原則 English/ 日本語
・ Climate Transition finance/クライメート・トランジション・ファイナンス関連
Climate Transition Finance Handbook/クライメート・トランジション・ファイナンス・ハンドブック English/ 日本語Japan's Basic Guidelines on Climate Transition Finance/クライメート・トランジション・ファイナンスに関する基本指針 English/ 日本語
・ Green Bond/グリーンボンド関連
Green Bond Principles 2021/グリーンボンド原則2021 English/ 日本語
Japan's Green Bond Guidelines Green Loan and Sustainability Linked Loan Guidelines/
・ Social Bond/ソーシャルボンド関連
Social Bond Principles 2021/ソーシャルボンド原則 2021 English/ 日本語Japan's Social Bond Guidelines/ソーシャルボンド ガイドライン English/ 日本語
・ Sustainability-Linked Bond/サステナビリティ・リンク・ボンド関連
Sustainability-Linked Bond Principles/サステナビリティ・リンク・ボンド原則 English/ 日本語
Speaker Presentations
Speaker presentation slides can be viewed below.Agenda
JST | |
16:00 |
Welcome & Opening Speech Toshio Morita, Chairman and CEO, JSDA |
16:05 |
Guest Speech I Junichi Nakajima, Commissioner, Japanese Financial Services Agency (JFSA) |
16:15 |
Guest Speech II Nathan Fabian, Chief Responsible Investment Officer, Principles for Responsible Investment (PRI) Association |
16:25 |
Panel 1: Financing climate transition to achieve carbon neutrality Moderator: Reiko Hayashi, Director and Deputy President, BofA Securities Co., Ltd.; Member, JSDA SDGs Council; Member, ICMA Board Panellists: Ventura Gonzalez, Head of Corporate Financing, Repsol Johanna Köb, Head of Responsible Investment, Zurich Insurance Company Ltd Yuta Nakamura, Nippon Yusen Kaisha (NYK Line) View slides Motoko Ogawa, Deputy Director of Environmental Economy Office, Industrial Science and Technology Policy and Environmental Bureau, Ministry of Economy, Trade and Industry, Japan (METI) View slides |
17:10 |
Keynote Speech Niall Bohan, Director, Asset and Financial Risk Management, Directorate-General for the EU Budget, European Commission View Slides |
17:20 |
Panel 2: Toward sound development of the social and sustainability linked bond markets Moderator: Akane Enatsu, Head of Nomura Research Center of Sustainability (NRCS), Nomura Institute of Capital Markets Research (NICMR) Panellists: Niall Bohan, Director, Asset and Financial Risk Management, Directorate-General for the EU Budget, European Commission Nicholas Pfaff, Managing Director, Head of Sustainable Finance at ICMA; Secretary to the GBP Juliette Macresy, Executive Director - Issuer Business, VE, part of Moody's ESG Solutions Takashi Mizutani, General Manager of CSV (Creating Shared Value), Promotion Office, Fuyo General Lease Co., Ltd. View slides |
18:05 |
Closing Remarks Bryan Pascoe, Chief Executive, ICMA |
18:10 | Close |
Speakers
- Niall Bohan, European Commission
- Akane Enatsu, Nomura Institute of Capital Markets Research (NICMR)
- Nathan Fabian, Principles for Responsible Investment (PRI) Association
- Ventura Gonzalez, Repsol
- Reiko Hayashi, BofA Securities Co., Ltd.
- Johanna Köb, Zurich Insurance Company Ltd
- Junichi Nakajima, Japanese Financial Services Agency (JFSA)
- Juliette Macresy, VE, part of Moody's ESG Solutions
- Takashi Mizutani, Fuyo General Lease Co., Ltd.
- Toshio Morita, JSDA
- Yuta Nakamura, Nippon Yusen Kaisha (NYK Line)
- Motoko Ogawa, Ministry of Economy, Trade and Industry, Japan (METI)
- Bryan Pascoe, ICMA
- Nicholas Pfaff, ICMA