Your email has been successfully added to our mailing list.

×
0 0 0 0 0 0 0 0
Stock impact report

Japan's SMFG to end lending for new coal-fired power plants [Reuters]

Sumitomo Mitsui Financial Group Inc Unsponsored American Depositary Shares (Japan) (SMFG) 
US:NYSE Investor Relations: smfg.co.jp/english/investor
Company Research Source: Reuters
Japan's SMFG to end lending for new coal-fired power plants TOKYO (Reuters) - Japan’s Sumitomo Mitsui Financial Group Inc (SMFG) said on Thursday it would no longer lend to new coal-fired power plants from May 1, a day after peer Mizuho Financial Group Inc said it would stop financing new coal power projects. The policy change comes as the sector faces pressure from activist investors and environmental groups to help tackle climate change. SMFG said in a satement that the movement toward decarbonization has been progressing globally since the Paris climate accord, adding it “would not provide financial support in principle to new coal-fired power plants.” Japanese banks are among the few major lenders who have stuck to backing coal projects even as other banks worldwide have cut their exposure to coal. The country’s three major banks - SMFG, Mizuho and Mitsubishi UFJ Financial Group (MUFG) - are among the world’s top five lenders to coal power and mining over the last five years, acco Show less Read more
Impact Snapshot
Event Time:
SMFG
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
Last price at news event
Since Event
Multi-day stock performance from the time of the news release
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST
PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
Last Price
VWAP
High:
Max Up
High:
Low:
Max Down
Low:
%
Post news range
%
Price change

Price Change Percentage


S&P 500
(SPX)

%

Volume ratio
%

Volume
Ticks

Avg transaction size

Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Opt-in for SMFG alerts
Opt-in for
SMFG alerts

from News Quantified
Opt-in for
SMFG alerts

from News Quantified