The first climate proposal to be put to a Japanese company has been supported by a healthy 34% of shareholders today at Mizuho Financial Group’s annual meeting in Tokyo.
Filed by Japanese non-profit Kiko Network (“climate network”), it called on the financial group, which is known to be one of the world’s biggest coal financiers, to disclose its climate risks and publish a plan to align its financial activities with the Paris climate accord.
Earlier this week, several European asset owners – including Sweden’s AP7 and Danish pension funds PKA and MP Pensions – announced that they would support the proposal at Mizuho, Reuters reported.
The Office of New York City Comptroller, which oversees the City’s five public pension funds, revealed that it also supported the proposal in its proxy disclosure as did Californian public pension giant CalSTRS.
Both big US proxy advisors ISS and Glass Lewis are also thought to have sup