The response to climate change is an urgent issue, and it will be necessary to accelerate decarbonization efforts towards the creation of a sustainable city. Corporations are increasingly choosing locations for creating added value, so it is important to make efforts to evolve into the world's most advanced green city that will be selected from a global scale. There is an increasing importance on green finance that attracts both domestic and foreign funds for that purpose. Tokyo Metropolitan Government creates a virtuous cycle of the environment and the economy for the Tokyo Green Finance Initiative (TGFI) as a strategic initiative to develop Tokyo’s green finance ecosystem, while promoting the greenifying of the urban and financial systems at the same time. Through these measures, the TGFI aims to improve the quality of life of Tokyo residents and realize sustainable economic growth. Also, TMG has promoted sustainable finance through various actions, which include the award in the ESG investment category at the Tokyo Financial Award, and supporting for green bond Issuers. TMG supports green bond issuers using subsidy to cover a part of the expense. (3) Organization and Service Supporting the Vision FCT, the financial organization through public-private partnership, as one of the initiatives of the Tokyo Vision. FCT aims to boost the attractiveness of Tokyo's financial markets and raise its profile as a top-class global financial city. FCT conducts various promotional activities with members comprising TMG, financial institutions, professional firms, trade associations and financial services start-ups. promotion services (2) Promoting Tokyo Green Finance Initiative (TGFI) FinCity.Tokyo (FCT) a. In April 2019, TMG has established Green Bond Subsidy 14
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