On the Signing of the UN’s Principles for Responsible Banking by Japan’s 3 Megabank Groups and the Challenges that Remain
The UN Headquarters witnessed the signing ceremony for the Principles for Responsible Banking (PRBs) on September 22. The PRBs call on financial institutions to adopt finance and lending practices that are in line with the SDGs and the Paris Agreement. They were signed by 140 financial institutions, including Japan’s 3 Megabanks – MUFG, SMFG, and Mizuho – as well as Sumitomo Mitsui Trust Holdings. In response to this signing, 350.org Japan issued a statement.
MUFG, SMFG and Mizuho support Japan’s deadly double standard by financing coal power overseas
Mitsubishi UFJ Financial Group (MUFG), Sumitomo Mitsui Financial Group (SMFG) and Mizuho Financial Group (Mizuho) have participated in deals totaling US$16.8 billion to finance polluting power stations overseas, which pollute the air at levels that would not be accepted in Japan.
How will the climate emergency affect the Tokyo 2020 Olympics?
Close to 30 civil society organizations from 15 countries have written a letter to IOC President Thomas Bach expressing concern over the health and safety of athletes and fans at next year’s Tokyo 2020 Olympics.
Global Fossil Fuel Divestment and Clean Energy Investment Movement Crosses $11 Trillion Milestone
The global movement to divest from fossil fuel companies and invest in climate solutions announces a major milestone today, as the total assets pledged to divestment crossed Eleven Trillion Dollars (US).
Japan remains the only G7 country still pursuing new coal power plants domestically and internationally
Coal exit gathers pace, setting a point of no return for the use of coal in the power sector. However, Japan, for the fifth year running, ranked the worst performer in phasing out coal among the G7 countries. It is the only G7 country still pursuing new coal power plants domestically and internationally.