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.

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

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

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>A comparison of two surveys shows progress in disclosing GHG emissions over half-year, with small increase in Scope 1 and Scope 2, while little progress was made in Scope 3.</li>
<li>Many companies are cautious about disclosing in annual securities reports, even if they are certified by a third-party certification body or stated in their own integrated reports.</li>
<li>However, FSA will require companies with over 3 trillion yen in market capitalization to disclose to Scope 3 in FY3/2027, and most companies are likely to comply with this requirement.</li>
</ul>


A comparison of two surveys shows progress in disclosing GHG emissions over half-year, with small increase in Scope 1 and Scope 2, while little progress was made in Scope 3.
Many companies are cautious about disclosing in annual securities reports, even if they are certified by a third-party certification body or stated in their own integrated reports.
However, FSA will require companies with over 3 trillion yen in market capitalization to disclose to Scope 3 in FY3/2027, and most companies are likely to comply with this requirement.


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

TSE Tokyo Price Index TOPIX

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