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May 31, 2023
Office for Startup and Global Financial City Strategy
The Tokyo Metropolitan Government (TMG) established the “Tokyo Financial Award” in FY2018, recognizing and awarding FinTech companies that are developing innovative financial products and services that contribute to solving issues, including those faced by residents in Tokyo, and businesses that are practicing outstanding initiatives in ESG investment. To solve social issues by leveraging the power of finance, it is vital to implement innovative financial services and to further promote ESG investments that take positive social and environmental impacts into consideration.
We announce today that applications are now open for companies participating in the Tokyo Financial Award 2023 as detailed below.
Applications for The Tokyo Financial Award will be accepted in 2 categories: “Financial Innovation Category” and “ESG Investment Category”.
Financial Innovation Category | ESG Investment Category | ||
ESG Investment Subcategory | SDGs Subcategory | ||
Outline | A contest for business plans to award ideas of excellent financial products and services to solve issues of residents and businesses in Tokyo. | Those businesses that implement outstanding initiatives in ESG investment or SDGs management will be awarded. | |
Target | Domestic and foreign financial business that have outstanding business ideas. | Domestic and foreign financial businesses that practice ESG investment. | Domestic and foreign businesses (including financial business operators) that practice SDGs management. |
Application |
An applicant must choose a theme to apply in each category and make an entry through our dedicated website. |
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Term | From Wednesday May 31, 2023 to Monday July 31, 2023 |
From Wednesday May 31, 2023 to Thursday August 31, 2023 | |
Award Number | 3 | Approximately 3 | |
Privileges |
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One will be awarded the “Governor's Special Prize for Green Finance.” |
Applicants can make double entry in both categories of financial innovation and ESG investment (ESG investment and SDG subcaterogies). Yet, they will be awarded only in one of the two categories (subcategories). For details, including other requirements for application, please refer to the website .
Category | Themes |
Themes shared across all financial services |
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Deposits/Withdrawals |
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Payments |
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Asset Management |
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Insurance |
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Financing |
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DX/Infrastructure |
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Category | Themes |
Proliferation and promotion of ESG investments |
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Environment (E) | Climate Change, Natural Resources, Environmental Market Opportunities |
Society (S) | Human Resources, Health and Safety / Human Rights, Consideration for Others |
Governance (G) | Corporate Governance, Corporate Behavior |
The 17 goals set out in “Transforming Our World: The 2030 Agenda for Sustainable Development” adopted by the seventieth UN General Assembly.
Financial Innovation Category | ESG Investment Category | |
Screening Committee Chair | YAMAOKA Hiromi Board Director, Chief Sustainability Officer, Future Corporation |
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Screening committee members | OE Kayo President and CEO, Office Libertas |
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UCHIYAMA Tomonori Professor, Tokyo Metropolitan University |
ARAI Masaru Chair, Japan Sustainable Investment Forum |
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MASUJIMA Masakazu Partner, Mori Hamada & Matsumoto ( law firm ) |
KATO Yasuyuki Professor, Kyoto University of Advanced science Research professor, Tokyo Metropolitan University Adjunct Professor, Kyoto University |
※committee members may be updated in the future.
This project is to promote the "Future Tokyo," Tokyo’s Long-Term Strategy.
Strategy 12: Strategy for Earning Potential in Tokyo and Innovation
Inquiries |
Strategic Projects Promotion Section, |