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ACGA's response to proposed revisions to Japan’s Stewardship Code

On 19 April 2025, ACGA submitted comments to the Financial Services Agency, Japan (FSA) addressing the consultation questions outlined in the Draft Revisions for Public Consultation (dated March 21, 2025) and provided recommendations informed by global best practices and regional insights. 

ACGA commends the FSA’s efforts to balance flexibility and accountability in the revised Stewardship Code. Japan is already the regional leader on stewardship practices, and we hope these amendments will further advance stewardship practices in the market. We encourage the FSA to consider our recommendations to further align the Code with international benchmarks while preserving its unique focus on dialogue and sustainability. 

Please click here to view the letter.