Bank’s New Coal Policy Welcomed by Environmental Groups

Wednesday, July 25, 2018

Tokyo ? (PanOrient News) Sumitomo Mitsui Trust Bank said it would no longer finance new coal-fired power plants, no matter where they are located, in its annual report released July 23. Six environmental NGOs reacted positively to the news in a joint statement.

The NGOs said that the plan “has the potential to be one of the strongest policies announced by any financial institution headquartered in Asia.” The policy matches one announced earlier in July by Nippon Life Insurance Company....

NGOs Encouraged, Not Thrilled, by Mizuho’s Announcement

Saturday, June 16, 2018

By Allison Pestotnik

Tokyo - PanOrient News - Six environmental nongovernmental organizations released a statement on June 15 in response to Mizuho Financial Group’s new policy aimed at more responsible environmental and social financing practices. The NGOs’ statement concluded that, while Mizuho’s policy is a step in the right direction, it lacks the strength and detail required to meet international environmental guidelines such as the Paris Agreement.

Mizuho, one of Japan’s larg...

Double Rainbows All the Way Across

Friday, July 29, 2016

A Double rainbows look down on Urayasu city, Chiba prefecture, Japan, today (Thursday 28 July, 2016.)