Japanese insurers rated for green investment
Saturday, 07 28 2018, Category: Nature, Country: Asia
Four Japanese environmental organisations have rated the investment and lending policies of the country’s eight leading insurers in a Fair Finance Guide report, with the highest score going to MS&AD Insurance Group.
A statement by the Unfriend Coal campaign said that while some Japanese insurers have made modest efforts to adopt more environmentally friendly investment policies, these firms have a long way to go. Out of a maximum score of 10, the rated insurers only got an average score of 1, with the highest score being 2.4.
According to the statement, Japanese public and private financiers are among the largest providers of funding for new coal projects around the world.
Source: Insurance Business