While ESG has been gathering momentum in Japan, the country languishes near the bottom on some key social indicators – Japan is ranked 116 out of 146 countries on the World Economic Forum’s Global Gender Gap Index 2022, for example.
However, Jun Tsusaka, CEO of Nippon Sangyo Suishin Kiko and chair of the firm’s ESG committee, and Kiyomi Matsuda, finance director and ESG leader, say prioritising the empowerment of women and minorities can be a key ingredient for success in the Japanese market. With the importance of ESG now beginning to gain traction, they tell Private Equity International that more Japanese firms are ready to make commitments on social and environmental action.
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