Revised Japan Fair Trade Commission antitrust guidelines on environmental sustainability
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Environment and sustainability
Revised Japan Fair Trade Commission antitrust guidelines on environmental sustainability
The International Chamber of Commerce (ICC) and its national committee in Japan (ICC Japan) wish to thank the Japan Fair Trade Commission (JFTC) for the opportunity to contribute comments and suggestions on the JFTC’s revised Guidelines Concerning the Activities of Enterprises, etc. Towards the Realization of a Green Society Under the Antimonopoly Act (Guidelines). The submission is made by ICC and ICC Japan as a response to the JFTC public consultation launched in February 2024.
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In ICC’s view, the Guidelines are commendable for their efforts to promote environmental sustainability while ensuring that competition is not adversely impacted. By encouraging companies to pursue green initiatives, such as reducing greenhouse gas emissions and promoting renewable energy, the Guidelines demonstrate the JFTC’s commitment to addressing pressing environmental challenges.
The proposed amendments to the JFTC’s Guidelines are intended to provide further clarity on the agency’s position in relation to situations where two principles, i.e. competition and environmental protection, may appear to clash. As such, they help companies navigate the pressure to address emerging environmental challenges and evolving market dynamics without fear of violating competition laws.
ICC’s contribution focuses exclusively on the amendments proposed by the JFTC. ICC’s comments are explained in the following section.
