Fair Finance Japan launches 11th policy assessment
Fair Finance Guide Japan (FFGJ) released its 11th policy assessment assessing ESG policies of Japanese financial institutions. Among six Japanese major banks (*1), Mizuho scored the highest with 39/100, followed by Norinchukin Bank which scored 35. MUFG is in the third position scoring 34. European banks scored an average of 65 using the same methodology, therefore, Japanese banks are falling behind in the race significantly.
This latest assessment highlights that all six banks disclosed their financed emissions in the power sector, as well as interim targets for 2030 as part of their overall goals to achieve net zero greenhouse gas (GHG) emissions by 2050.
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