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The three largest Japanese banks—Mizuho, MUFG, and SMBC—are criticized for slow progress toward net-zero goals, specifically for continuing to finance companies expanding coal, oil, and gas capacities despite their membership in the Net-Zero Banking Alliance.

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  • Mizuho, MUFG, and SMBC are members of the Net-Zero Banking Alliance (NZBA), but their progress in improving fossil fuel policies is considered too slow.
  • The three banks only exclude certain new coal projects from their financial services, while the majority of support for the coal sector is provided through corporate financing.
  • The banks have made no firm commitments regarding the oil and gas sector and continue to provide unrestricted financing to companies with coal expansion projects.

Cite the original document

APA
Martin, L. (2022). Les mégabanques japonaises : pas d'ambition net-zero. Reclaim Finance. https://reclaimfinance.org/site/2022/08/24/les-megabanques-japonaises-pas-dambition-net-zero/
Chicago
Martin, Léo. Les mégabanques japonaises : pas d'ambition net-zero. Reclaim Finance, 2022. https://reclaimfinance.org/site/2022/08/24/les-megabanques-japonaises-pas-dambition-net-zero/.
Wikipedia
{{cite press release |last1=Martin |first1=Léo |title=Les mégabanques japonaises : pas d'ambition net-zero |publisher=Reclaim Finance |date=24 August 2022 |url=https://reclaimfinance.org/site/2022/08/24/les-megabanques-japonaises-pas-dambition-net-zero/ |access-date=23 October 2026 |via=Climate Insights Directory}}
BibTeX
@misc{martin2022les, author = {Martin, Léo}, title = {{Les mégabanques japonaises : pas d'ambition net-zero}}, publisher = {Reclaim Finance}, year = {2022}, month = aug, url = {https://reclaimfinance.org/site/2022/08/24/les-megabanques-japonaises-pas-dambition-net-zero/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }

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