Japanese Companies Improve ESG Performance: MSCI Report
Japanese Companies Improve ESG Performance: MSCI Report
Following decades of recession and slow growth, Japan’s Prime Minister Shinzo Abe introduced a revitalization plan in 2012 – dubbed Abenomics – to address the key barriers of economic growth. One of the initiatives impacting corporations and capital markets was the establishment of Japan’s Stewardship Code and Corporate Governance Code. Implementation of these codes has led to greater attention among Japanese companies and investors on sustainable corporate earning capabilities.
To highlight the trends in corporate governance, human capital and innovation for Japanese companies, MSCI ESG Research has released a report titled Measuring the Sustainability of Abenomics. The report analyzes the constituents of the MSCI Japan Index, which showed return on equity (ROE) growth of 13 percent compound annual growth rate (CAGR) between 2012 and 2015.
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Source and Image: MSCI