Stewardship Code : 323 institutional investors have signed up to the Principles for Responsible Institutional Investors as of January 31, 2023

On 10 February 2023, the Financial Services Agency (FSA) published an update of its list of institutional investors who have notified the FSA of their intention to accept Japan’s Stewardship Code to promote sustainable growth of companies through investment and dialogue, counting 203 investment managers as of 31 January 2023.
These Principles for Responsible Institutional Investors were published as Finalization of the Japan’s Stewardship Code (Second revised version) by the Council of Experts on the Stewardship Code on 24 March 2020.
The Second Revised Code „describes in its preamble the recommended process of the publication of the list of institutional investors who accept the code. The Council expects institutional investors who accept the Code to publicly disclose on their website their intention to accept the Code, and to disclosure items based on the principles, including guidance, of the Code. The Councils also expect the Financial Services Agency to publish the information about the institutional investors who have made the disclosure in a tabular form“.
As of 31 January 2023, there were 323 institutional investors in the list (see APPENDIX below for more details), classified as follows:
Trust banks: 6
Investment managers: 203
Insurance companies: 24
Pension funds: 79
Others (Service Providers for Institutional Investors, etc.): 11
(Total): 323
„Those who newly intend to accept the Code are invited to notify the FSA“ via the email address jstewardship@fsa.go.jp of their intention. For details of disclosure items, please see the latest Finalization of the Japan’s Stewardship Code (Second revised version).