JFE Steel Corporation is making a significant move towards carbon-neutral steel production with a $2.2 billion investment in a new high-efficiency electric arc furnace at its Kurashiki facility in West Japan. This ambitious project, supported by a government grant of up to $690 million, aligns with Japan’s national decarbonizati...
Mizuho Joins NextGen CDR Facility: First Japanese Bank to Commit to Tech-Based Carbon Removal Credits
Mizuho Financial Group has taken a pioneering step in the financial sector by becoming the first Japanese bank to commit to long-term purchases of technology-based carbon dioxide removal (CDR) credits. The bank’s participation in the NextGen CDR Facility, a joint venture between Mitsubishi Corporation and South Pole, is aim...
Japan Unveils First-Ever Sustainability Disclosure Standards: “Aligning with Global Reporting Frameworks”
Japan’s Sustainability Standards Board (SSBJ) has launched its inaugural set of sustainability disclosure standards, marking a pivotal step toward enhancing corporate transparency in line with international ESG expectations. The new standards align closely with the International Financial Reporting Standards (IFRS) Sustain...
Japan’s New Climate Plan Targets 60% Emission Cuts by 2035
Japanese government has approved a comprehensive strategy aimed at drastically reducing greenhouse gas emissions and reshaping its energy landscape through 2040. The plan sets ambitious goals, with a target of cutting emissions by 60% by 2035 and 73% by 2040 from 2013 levels, positioning the country as a major player in the glob...
JPX Launches AI-Powered ESG Tool for TSE Companies: “Streamlining Sustainability Disclosures”
The Japan Exchange Group (JPX) has launched a beta version of its new “JPX Sustainability Information Search Tool,” designed to improve access to Environmental, Social, and Governance (ESG) data for companies listed on the Tokyo Stock Exchange (TSE). The tool is intended to simplify t...
ADB Boosts Climate Finance by $7.2B with U.S. and Japan Guarantees
The Asian Development Bank (ADB) is set to increase its climate-related lending by up to $7.2 billion, thanks to sovereign guarantees from the United States and Japan. This groundbreaking move marks a significant step in scaling up financing for climate projects, allowing ADB to provide more support...