Despite its "zero emissions" branding, Japan's Asia Zero Emissions Community (AZEC) is increasingly seen as a vehicle for prolonging Asia dependence on fossil fuels, rather than fostering a true transition to renewable energy in the region.
Investors voted in favor of world-first shareholder proposals demanding Japan’s megabanks and Chubu Power disclose how their Board Directors manage increasing climate and financial risks.
A coalition of environmental organisations and shareholders have filed climate-related shareholder resolutions targeting Japan’s largest banks and Chubu Electric Power. The resolutions call for greater disclosure by the companies on how they will meet their net-zero commitments.
Civil society organizations issued a statement calling on Prime Minister Kishida to join the leaders of the United States and the Philippines in conveying to the world his strong commitment to climate action, rather than hindering real decarbonization efforts.