greenwash-header
GREENWASH-MOBILE-2

Three Gold Sponsors of the the Tokyo Games are involved in dirty coal investment and rainforest destruction. This is making the global climate emergency worse.

Sponsors consider the Games as a great opportunity to put the capital on the path towards sustainability and the Organising Committee says that it aims for a carbon-neutral event. But while athletes will compete for medals made of recycled metal and stand on recycled plastic podiums, these efforts do not even come close to the action needed to address the climate emergency.

Gold Sponsors

Three of the Gold Sponsors are major backers of coal in the world — lending and underwriting for coal developers. These sponsors SMBC, Mizuho and Tokio Marine continue to fund a massive fleet of coal-fired power stations in Japan and abroad. This is a catastrophe for the planet — worsening deadly air pollution and driving climate change to devastating levels. These same sponsors are funding the destruction of tropical rainforests, eliminating the best natural carbon sinks in the world.

Rainforest destruction

In a flagrant breach of the Games commitment to sustainability, wood from threatened South-East Asian rainforests has been used to build Olympic venues including the national stadium. Much of the wood was supplied by a company funded by Gold Sponsors SMBC and Mizuho and sourced from a notorious logging and palm oil company that is stealing community land and destroying rainforests in Indonesia. Not only that, some of this wood came from rainforests that were converted to coal mines. Given links between biomass and tropical deforestation, the Tokyo Games' reliance on biomass as part of their 'renewable energy' solution might very well be furthering deforestation.

Rainforest destruction

In a flagrant breach of the Games commitment to sustainability, wood from threatened South-East Asian rainforests has been used to build Olympic venues including the national stadium. Much of the wood was supplied by a company funded by Gold Sponsors SMBC and Mizuho and sourced from a notorious logging and palm oil company that is stealing community land and destroying rainforests in Indonesia. Not only that, some of this wood came from rainforests that were converted to coal mines. Given links between biomass and tropical deforestation, the Tokyo Games' reliance on biomass as part of their 'renewable energy' solution might very well be furthering deforestation.

Timber is being cleared from orangutan habitat in Borneo, and supplied to the Tokyo Olympics with financing from SMBC.

Tell Japan: stop funding coal power

Join the global campaign to stop the Japanese government and the Olympic corporate sponsors from funding more coal-fired power stations.

News

Sumitomo Releases More Rhetoric on Climate as it Doubles Down on Coal

NGOs protest the Japanese Government’s revised policy on overseas coal power projects as it still goes against Paris climate goals

Massive global shareholder backing for Mizuho climate shareholder proposal

SAVE INDONESIAN FARMERS AND FUTURE GENERATIONS FROM JAPAN-SUPPORTED DIRTY COAL ENERGY!

SMBC ignores climate concerns, pretending its business as usual

Japanese and International Civil Society Urge Mitsubishi UFJ, Mizuho and Sumitomo Mitsui for a Complete Coal Phase-out

NGOs protest Japan Ministry of Foreign Affairs decision on preparatory survey for Matarbari 2 coal-fired power plant despite climate crisis and surplus power supply

“Negative profitability” found for planned Vung Ang 2 coal-fired power plant in Vietnam by Korean government think tank: Japanese corporations and banks may risk lawsuits if they move ahead with project despite projected losses

Ten Reasons Why Sumitomo’s Matarbari Coal Plant is a Terrible Idea-A climate disaster in the form of an over-budget, behind-schedule boondoggle

Major shareholder to support first ever climate resolution in Japan

Blackrock’s next big climate call: Mizuho

Demand letter to the PM Abe: Do not support and finance the Matarbari coal-fired power plant phase 2 project in Bangladesh

Share

Say no to coal and say it loud.