The first meeting of the Expert Study Group on Assurance of Sustainability-related Financial Information (of the Financial System Council) 

Purpose:

The Financial Services Agency announced the first meeting of the Expert Study Group on Assurance of Sustainability-related Financial Information, which is part of the Financial System Council. The purpose of this meeting is to bring together experts for an explanation by conference arrangement office and a discussion. This meeting aims to ensure that sustainability-related financial information is disclosed and assured in a transparent manner.

Effects on Industry:

The Expert Study Group’s first meeting may have significant effects on industries, companies, and consumers in the financial sector. The assurance of sustainability-related financial information will provide stakeholders with reliable data, enabling them to make informed decisions. This meeting’s outcomes will likely influence corporate accounting practices, disclosure regulations, and market behaviors.

Relevant Stakeholders:

The stakeholders affected by this announcement include:

• Financial institutions and companies listed on the stock exchange
• Investors and analysts relying on accurate financial information
• Regulators and policymakers overseeing the financial industry
• Environmentally conscious consumers who value transparency in sustainability reporting

Next Steps:

To comply with or respond to the update, relevant stakeholders should:

• Review existing corporate accounting practices and disclosure regulations for potential revisions
• Ensure adherence to new guidelines and standards for sustainability-related financial information
• Engage with experts from the Expert Study Group to discuss their findings and implications

Any Other Relevant Information:

Additional context includes:

• The meeting will be streamed on YouTube, allowing remote participation and access to the discussion.
• Contact information for the Corporate Accounting and Disclosure Division is provided for further inquiries or assistance.