How Shareholders Can Promote Corporate Decarbonization
Julien Vincent, 2022 Goldman Environmental Prize Winner
15:00-16:00, Monday, June 27, 2022
Language: The speech and Q & A will be in English
Can shareholders turn Japan's corporations green? A group of non-governmental organizations (NGOs) is trying. Market Forces, an Australian environmental NGO, and local partners have submitted shareholder resolutions calling on four Japanese corporations to adopt business plans that align with the Paris Agreement goal to limit global warming to 1.5 degrees Celsius.
The resolutions will be voted on later this month during the annual shareholder meetings of Mitsubishi Corp., Tokyo Electric Power Co., Chubu Electric Power Co., and Sumitomo Mitsui Financial Group.
Market Forces Executive Director Julien Vincent will be in Japan to press the case for the resolutions. Thanks to Market Forces campaigns, Australia's four largest banks agreed to stop funding coal projects by 2030, and the country's major insurance companies agreed to cease underwriting new coal projects. In recognition of his activism, Vincent was awarded a Goldman Environmental Prize earlier this year. At the FCCJ, he will discuss the shareholder resolutions, their chances of success, and the global trend toward corporate decarbonization.
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