Posted on 04/10/2023 5:13:41 AM PDT by Oldeconomybuyer
TOKYO, April 10 (Reuters) - A coalition of climate groups are stepping up pressure on Japan's top three banks to cut financing linked to fossil fuels, filing shareholder resolutions to be voted on at the companies' annual general meetings in June, sources said on Monday.
The groups are targeting megabanks Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group, Mizuho Financial Group, all key to financing oil and gas projects, said the sources, who declined to be identified as the information is not yet public.
The coordinated effort marks a step up from the past three years, when climate groups targeted one megabank each year, now calling simultaneously for action by the Japanese banks, seen as lagging their global peers in efforts to slash carbon emissions.
The fresh push, led by Australia's Market Forces and Japan's Kiko Network, comes as institutional investors are increasingly pressing companies to do more to fight global warming.
Tokyo Electric Power, Chubu Electric Power and trading house Mitsubishi Corp will also face shareholder proposals from the same coalition, which includes representatives of Friends of the Earth Japan and Rainforest Action Network.
Shareholder activism on climate change has been gaining momentum in Japan since 2020, when Mizuho was the first listed company in the country to hold a climate-related vote.
(Excerpt) Read more at msn.com ...
I hope Japan’s bankers are smarter than that..................
Build a Boogieman, scare people to death with constant propaganda and then manipulate them. It’s the same thing every time and people fall for it every time.
A coalition of climate groups, extreme terrorist extortionists. We need to get a handle on this folks
We used to put mental patients in sanitariums.
Nowadays we put them in elected offices......................
(Substitute “WEATHER” for “Climate Change” and these articles become as absurb as they should be).
Those that are not in The Heat.
The possessed are already in The Eternal Heat and are attempting by the organizational forced of Lucifer, to take as many as can to The Eternal Heat.
The Rich Man vs. Lazarus
Pneuma. Real. Essense
Must follow your main customer, very obedient nation.
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