Independent Leading Corporate Governance Research

Metrical Inc

METRICAL INC. is an independent leading Corporate Governance research firm in Japan where Corporate Governance is increasingly recognized as an important element on corporate management in these days. Thus, CG research and solutions would become an essential component of global capital markets and play important to contribute to transparency of the markets and maximize shareholders’ value in Japan. 

METRICAL INC. provides Corporate Governance research and analysis including rating services, and  also offers investment research and IR services with solutions and customized profound research on CG and IR issues.

Companies' Interest in Lowering Market Cap Threshold and Timing of Scope 3 Disclosure Requirements

Facing the Fundamental Issue that Policy Shareholdings Have Delayed Management Improvement Is Key

Guarantee Program for GHG Disclosure Will Start in FY3/2028 with Limited Guarantee for Scope 1 and 2

Comparability of Disclosures Between Companies Will Enhance Content of Sustainability Information

Issues with Content of Disclosures, Not Keyword Searches in TCFD

Another Catalyst for Expected Reduction in Policy Shareholdings

Why Should Policy Shares Be Viewed as Including Deemed Shares Held?

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>Corporate Governance Code requires disclosure based on TCFD, and an ISSB-based disclosure system will be discussed in Japan. While interest in disclosing climate change-related information is growing, disclosure hasn’t progressed.</li>
<li>In the TSE survey, only one-tenth of the companies that listed Scope 1, 2, and 3 emissions in their integrated reports disclosed them in their annual reports.</li>
<li>If a company can't disclose Scope 1/Scope 2 in its annual securities report, there's concern that the company may have challenges in data collection and risk delaying management decisions.</li>
</ul>


Corporate Governance Code requires disclosure based on TCFD, and an ISSB-based disclosure system will be discussed in Japan. While interest in disclosing climate change-related information is growing, disclosure hasn’t progressed.
In the TSE survey, only one-tenth of the companies that listed Scope 1, 2, and 3 emissions in their integrated reports disclosed them in their annual reports.
If a company can't disclose Scope 1/Scope 2 in its annual securities report, there's concern that the company may have challenges in data collection and risk delaying management decisions.


Is the Emission Data of a Company that Doesn't Disclose in Annual Securities Report Reliable?

TSE Tokyo Price Index TOPIX

Is the Emission Data of a Company that Doesn't Disclose in Annual Securities Report Reliable?