Over the past decade corporations have embraced the need for a Chief Sustainability Officer (CSO) and that is not limited to private sector. Financial Services Agency, Japanese government body which is overseeing financial sector to ensure the stability of financial system, has appointed Chief Sustainable Finance Officer (CSFO) in March 2019, with the aim to promote sustainable finance. What is the role of newly established CSFO? What does it aim to achieve through establishing the position? What is the mid-term plan? What is the strategy to achieve those goals? What is the structure and what does the team look like? What is the expectation to corporations? How do you collaborate and communicate among different stakeholders to achieve those goals? This session is part of a series that will feature CSOs from various sectors and regions in one-on-one intimate conversations with BSR leadership. With this session, we will discuss the ever-changing role of the CSO for the government agencies, the challenges and how to address them.
Additional speakers to be announced.
Chief Sustainable Finance Officer
Financial Services Agency, the Government of Japan
In March 2019, the Financial Services Agency of Japan (JFSA) decided to create the position of chief sustainable finance officer (CSFO) to plan and coordinate on promotion of sustainable finance internally and globally. Upon its creation, Satoshi Ikeda was appointed, and has been serving, as the first CSFO.
In this capacity, he covers a wide range of issues concerning sustainable finance which include, among other things, aligning private finance with the Sustainable Development Goals (SDGs), promoting TCFD disclosures by business corporations and financial institutions alike, and representing JFSA for the Network for Greening the Financial System (NGFS) as plenary member.
With more than 20 years of sustainability experience, Asako advises global technology companies as well as BSR members and partners in Japan to better integrate sustainability into core business strategies.
Prior to joining BSR, Asako was Head of the CSR Management Section at Sony Corporation, and she has more than 10 years of experience leading global sustainability strategies. She has experience in sustainability reporting, stakeholder engagement, supply chain management, and responsible mineral sourcing and human rights. She also played a key role in shaping the industry framework for the Electronic Industry Citizenship Coalition.
Asako holds dual master’s degrees in Business Administration and Science from the Ross School of Business and School of Natural Resources and Environment at the University of Michigan.
I felt this conference was life changing. I am truly inspired and am plotting both career and personal changes to live up to the great lessons I learned. Both the sessions and the networking were vital.