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Corporate Japan steps up disclosure of climate change risks

New group to add nearly 100 companies to international transparency effort

Western Japan was flooded by a typhoon last summer that damaged and disrupted business throughout the region.   © Reuters

TOKYO -- Japanese companies are forming an alliance this month to disclose the risks posed by climate change to their businesses, taking a step toward greater transparency in an area where corporate Japan has lagged its Western peers.

The move seeks to attract long-term investment as environmental, social and governance criteria rapidly become a factor in how institutional investors in the U.S. and Europe allocate their capital.

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