Mizuho faces shareholder climate resolution, in first for Japan [Reuters (UK)]
Mizuho Financial Group, Inc. Sponosred ADR (Japan) (MFG)
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mizuho-fg.com/investors/index.html
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Source: Reuters
Mizuho faces shareholder climate resolution, in first for Japan - Reuters 3 Min Read TOKYO, March 16 (Reuters) - Mizuho Financial Group will face a shareholder motion urging it to outline a plan and set targets so that its business practices are more in line with the Paris Agreement, the global pact to fight climate change. It marks the first time a Japanese publicly traded company has faced a shareholder climate change resolution, Kiko Network, an activist group and shareholder in the bank, said. The shareholder motion comes amid growing pressure on banks and other financial firms to rein in lending to coal companies and do more to combat climate change, and the strategy is increasingly used by climate change activists. Mizuho’s coal lending is “putting the company at great risk of exposure to businesses that face devaluation in a transition to (a) decarbonised economy,” Kiko Network said in a statement. Kiko Network and other non-profit organisations describe Mizuho as the world’s b
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