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Japan Exchange Group, Inc. (JPX) today announces that it has endorsed the "GX (Green Transformation) League Basic Concept"* as published by the Ministry of Economy, Trade and Industry (METI).
Under its Environmental Vision, JPX has pledged to maintain and develop the capital market into one that can coexist with the environment. It has set a target to achieve carbon neutrality by switching 100% of electricity consumed across the group to renewable energy by FY2024, and going forward, it plans to advance discussions on decarbonizing securities market operations as a whole.
Furthermore, JPX has begun building an information platform for ESG bonds in line with the recommendations of the Sustainable Finance Platform Development Working Group, and is also proactively working on responses to societal issues, such as research begun in February on the possible issuance of security tokens in the form of a "Digitally Tracked Green Bond".
In addition, the GX League Basic Concept proposes the creation of a carbon credit market in order to successfully build a carbon pricing system. JPX would like to give its full co-operation to every possible aspect of this project, utilizing its experience and knowledge of market operations to the furthest extent possible to create the required market.
JPX will contribute to achieving the Japanese government's goal of carbon neutrality by 2050 while fulfilling the new demands for capital raising and fund management that derive from the decarbonization trend.
*The GX (Green Transformation) League calls for companies to actively work on GX, aims for GX through cooperation in the government, academic, and economic spheres, and acts as a forum for discussing the transformation of the overall economic and social system and creating new markets accordingly.
Please see the below METI webpage for details on the GX League Basic Concept.
Contact
Japan Exchange Group, Inc.　Corporate Communications
TEL:03-3666-1361 (Operator)
