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.
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.
Third of investor votes back Mizuho Financial climate resolution
More than a third of Mizuho Financial investors backed a ground-breaking shareholder resolution urging the Japanese bank to disclose its climate risks and publish a plan to align investments with the Paris Agreement.
Deutsche Bank sets 'ambitious' sustainability targets
Deutsche Bank outlined targets which will see the German lender boost sustainability assets to over €200 billion ($217 billion) by 2025 and issue its first green bond.
Mizuho Financial faces first Japanese climate resolution
Mizuho Financial faces the first shareholder resolution in Japan, calling on the bank to disclose its climate risks and publish a plan to align investments to the Paris Agreement.
Bonds round-up: Raiffeisen Bank, NWB, Mitsubishi UFJ, European Energy ... and more
Raiffeisen Bank raises €750m from second green bond issue
Green Bonds round-up, 12 December
Swedish bank SEB has predicted that total green bond issuance could reach $240 billion in 2019, despite the market moving "sideways" this year.