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7 Apr, 2021 Author Yuzo Yamaguchi
More institutional investors in Japan will likely join Nippon Life Insurance Co. in dialing up pressure on their portfolio companies to go greener more aggressively, experts say, after the nation s largest life insurer went as far as threatening to off-load investments that are not tackling emissions adequately.
Nippon Life, also the third-largest Asian institutional investor by assets under management, said in February that companies in its ¥10 trillion domestic portfolio must achieve net-zero emissions by 2050, or risk being divested. The insurer also said it would start investing in companies actively tackling emissions from the current fiscal year beginning April 1.
Major Japan life insurers shun investing in nuclear weapons-linked firms
14 Dec 20, Four major Japanese life insurers do not invest in or extend loans to producers of nuclear weapons or companies related to them, Kyodo News learned Saturday, as part of their efforts toward socially responsible investing.The revelation comes as various lenders in Japan, Europe and the United States have refrained from investing in companies involved in the nuclear weapons industry.It also precedes the entry into force in January of a United Nations treaty that will ban such weapons.
The four life insurers which managed a combined ¥151 trillion in assets in fiscal 2019 Nippon Life Insurance Co., Dai-ichi Life Insurance Co., Meiji Yasuda Life Insurance Co. and Fukoku Mutual Life Insurance Co. did not disclose lists of targeted companies.
Major Japan life insurers shun investing in nuke weapon-linked firms
Four major Japanese life insurers do not invest in or extend loans to producers of nuclear weapons or companies related to them, Kyodo News learned Saturday, as part of their efforts toward socially responsible investing.
The revelation comes as various lenders in Japan, Europe and the United States have refrained from investing in companies involved in the nuclear weapons industry.
It also precedes the entry into force in January of a U.N. treaty that will ban such weapons.
A U.S. forces B-2 stealth bomber is being refueled in July 2006. (UPI/Kyodo)
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