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Japan
July 12, 2023

How foreign investors are forcing Japan to act on ESG

By Alex Janiaud

Mitsubishi UFJ Financial Group logo
Shareholder efforts to change how MUFG deals with ESG factors gained 17 per cent of the votes cast at its June AGM (Photo: Dai Kurokawa/EPA)

Foreign investor engagement with Japanese company boards is bringing climate and ESG issues to the fore. Yet, some analysts suggest that for many Japanese companies, ESG is still more of a marketing tool than a serious business issue. In June, Mitsubishi UFJ Financial Group blocked shareholder efforts to change how ...

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