Among the other countless social issues around the world which are also addressed through the SDGs, the eradication of poverty is gaining awareness as one of the primary goals to be solved. As a means to pursue this goal, Financial Inclusion for low-income people is receiving increasing attention. However, microfinance in its current form is beginning to reach its limits, and thus a new financial framework is needed in order to generate breaktroughs towards realizing the economic and social development of emerging countries.
In this paper, we describe the systems and businesses model of next-generation financial services with FinTech which was developed to enable low-income earners to step up to middle-income earners after solving the problems of conventional microfinance, and mention the newly create society.
There are many activities to improve production efficiency, such as the Toyota Production System (TPS) and the Lean Production System (LPS). These activities involve the use of many specific tools, like Kanban and Just-in-Time (JIT), and are often introduced into factories in developing and Commonwealth of Independent States (CIS) countries, although they do not necessarily result in satisfactory achievement. This is because managers and workers might introduce many TPS and LPS solution tools in parallel without considering the relationship between waste and solution tools.
Factories will have a better chance of achieving satisfactory improvements in production efficiency and quality with Kaizen when they have a fuller understanding of the relationship between “waste” and “waste solutions”, as clarified in this study. Also provided is a 4M–7W–5K checklist to elicit from managers and workers their own Kaizen ideas. Furthermore, the use of video recording of daily activities is discussed as an effective tool.
It is clear that climate change poses both risks and opportunities for business. Investors have therefore been increasingly paying attention to ESG as a proxy to assess potential risks in their financial investments. However, participants in the financial markets have not yet reached the point where they receive enough reliable financial disclosures from entities in their investment portfolios on the possible impact of climate-related risks and opportunities. These outstanding concerns have led to the establishment of the Taskforce on Climate-related Financial Disclosures (TCFD), which sets a global standard for disclosing climate-related financial information. The TCFD framework is expected to play an important role in internalizing a company’s climate-related financial disclosures, which should help build a more holistic risk valuation and contribution to financial stability.
This study examines the methodology and framework for climate-related financial disclosures, recommended by the TCFD and the degree to which climate-related financial disclosures are published by globally important banks. It also identifies the current outstanding issues and explores possible ways forward to accelerate the implementation of climate-related financial disclosures.