The Mitsui & Co. Environment Fund

Introduction to Grant Projects

Tomonori Honda, Researcher, Sustainable Governance Group, The Research Institute of Science for Safety and Sustainability

Development of methods to create an environmental stock price index enabling quantitative measurement of environmental burdens, and studies into system design

Research grant

Project Description

The objective of this project is to develop an environmental stock price index based on quantitative environmental performance evaluation, which can be used as a basis for investment by a large number of investors, including institutional investors, and conduct theoretical and empirical research into this index. The index to be developed is a passive one that is adjusted to match the market average yield. We will prepare the environmental burden data required for calculations, conduct a survey of ease of use by investors, and develop a system using the index to help reduce the burden on the environment.

Climate change
Grant year
FY2010 Research Grants
Grant term
3 years
April 2011 - March 2014
Grant amount
22,640,000 yen
Activity region
Tokyo, Ibaraki Prefecture, Gifu Prefecture, Miyagi Prefecture, Japan
Economic experiment

Overview of the Organization

Tomonori Honda, Researcher
Tomonori Honda, Researcher
Specialist field
Environmental studies
Affiliated academic societies
Society for Environmental Economics and Policy Studies, The Institute of Life Cycle Assessment, Japan, Sustainable Energy Forum of Japan
Graduated from the doctoral program (Doctorate in engineering), School of Engineering, the University of Tokyo, 2005; Researcher (after being a doctoral researcher), Research Center for Life Cycle Assessment, National Institute of Advanced Industrial Science and Technology, 2005. Following restructuring in 2008, became a researcher at the Research Institute of Science for Safety and Sustainability, National Institute of Advanced Industrial Science and Technology.
WEB site
Research record
  • (1) 'Eco-material components', UNEP Eco-design Manual A Promising Guide to Sustainable Production and Consumption, 2009/08
  • (2) Eco-products Directory 2004 For Sustainable Production & Consumption (ISBN: 92-833-1144-2), Asian Productivity Organization, 2004/09
  • (3) Tomonori HONDA, Atsushi INABA: "Shakaitekisenintōshi wa Onshitsu Kouka Gasu Haishutsu o Yokusei dekite iru no ka" (Is socially responsible investment restraining greenhouse gas emissions?), Society for Environmental Economics and Policy Studies, 2008 Conference report paper, -, pp.216-217, 2008/09
  • (4) Tomonori HONDA, Kiyotaka TAHARA, "A Social Impact Assessment Framework Using AHP for Weighting of Safeguard Subjects," Environmental Information Science, 21-1, pp.327-332, 2007/11
  • (5) Tomonori HONDA, Atsushi INABA: Systematic "Classification Method of Environmental Japanese Industrial Standards for Eco-materials," Trans. MRS-J, 33-2, pp.308-311, 2007/09