MUFG, Japan's largest bank and the world’s top LNG financier from 2021 to 2023, has brazenly stepped into the role of financial advisor for the controversial Papua LNG project. This venture, led by Total Energies, ExxonMobil, Santos, and ENEOS (JX Nippon), has already...
Japan
Communities and CSOs worldwide send an open letter to JPX and investors on JERA’s disregard for community stakeholders
MEDIA RELEASE (英文に続き、日本語表記がございます) 22 October 2024: Market Forces, communities, and civil society organisations worldwide have sent an open letter to the Japan Exchange Group (JPX) and to asset managers to raise concerns about thermal power producer JERA's governance,...
Asia’s corporate giants face climate responsibility perfect storm
OPINION | Dr Sachiko Suzuki, Asia Climate and Energy Analyst at Market Forces Dr Suzuki is a sustainable finance expert and has previously worked for the Japan International Cooperation Agency (JICA), posted in South East Asia. Companies in Asia have been getting away...
Global week of action targets MUFG’s fossil fuel financing
MEDIA RELEASE Wednesday 29 May: Environment groups from several countries worldwide are launching a global week of action against Japan’s largest bank, Mitsubishi UFJ Financial Group (MUFG) under the theme "Banking Betrayal: MUFG is Funding our Demise." This...
Japan should lead the way on disclosure of climate risk
Profusion of standards has allowed companies to obscure potential financial impact
アジア新興国の活動家がJERAに変化球を投球
English 今週行われた、プロ野球セントラル・リーグの試合会場にて、バングラデシュ、インドネシア、フィリピンの活動家たちが、セ・リーグのタイトルスポンサーでもあるJERAが、大規模な汚染を引き起こし、化石燃料ベースの汚染技術をアジア中に広めていると訴えました。 JERA、およびJERAの株主である東京電力、中部電力、さらにこの3社への投資家は、現地コミュニティの反対を受けて、自社の評判が低下するリスクについて留意する必要があります。 球場内でのアクションの様子 球場前でのアクションの様子...
Emerging Asia activists throw JERA a curveball
Japanese This week, at a major Central League baseball game, activists from Bangladesh, Indonesia and the Philippines called out JERA, a massive polluter and sponsor of the league, for spreading its dirty, fossil fuel-based technologies across Asia. JERA, and its...
Japan’s largest power company JERA faces complaint for failing to disclose fossil fuel risks
Media Release Wednesday 15 February: A complaint has been lodged with the Singapore Exchange outlining how Japan’s largest power company JERA has failed to disclose critical information on financial and legal risks in relation to a US$300 million bond issued in April...
Pressure on Asian companies reaches boiling point for climate action
OPINION | Koh Matsuki CEO, Proxy Watcher Some of Japan’s biggest energy and resources companies are pushing full steam ahead to expand fossil fuel projects across Asia. But banks across Asia and corporate Japan – including Mitsubishi, Mizuho Bank and J-Power – are...
“How Shareholders Can Promote Corporate Decarbonisation” – address to the Foreign Correspondents’ Club of Japan
On 27 June 2022, Market Forces Executive Director Julien Vincent made an address to the Foreign Correspondents' Club of Japan with a speech titled "How Shareholders Can Promote Corporate Decarbonisation". A recording of the press conference and Julien's introductory...