Japanese transition hindered by lobbying, says Market Forces
Intense lobbying from heavy industry in Japan is hindering progress and ambition from both government and financial institutions, Market Forces said.
Japan's largest banks hit by shareholder climate action
Japan's six largest banks and energy companies have been hit by shareholder calls to disclose decarbonisation plans, over concerns that fossil fuel expansion will result in stranded assets.
Ground-breaking BlackRock public-private EM climate fund exceeds target
BlackRock has announced its flagship public-private financing Emerging Market (EM) climate infrastructure investment fund has raised more than $670 million...
Tokyu Fudosan issues sustainability-linked bond amid ground-breaking ESG finance plan
Japanese real estate firm Tokyu Fudosan has raised JPY10 billion ($90 million) from a sustainability-linked bond...
SMBC, MUFG have highest share of fees from fossil fuel investments, AFII says
Out of 20 underwriters and lenders with large global reach,the ones that made the highest share of their debt transaction fees from fossil fuels are Japanese banks SMBC and MUFG, according to non-profit the Anthropocene Fixed Income Institute (AFII).
Banks under fire for funding that threatens biodiversity
The world's largest banks have been named and shamed for continuing to fund activities that threaten the biodiversity of the planet.
Major European banks provided large-scale financial support to coal industry
European banks including Barclays, BNP Paribas and Societe Generale loaned billions of euros to coal companies across the EU in 2019, according to a report.