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Mizuho investors reject shareholder climate resolution

Mizuho Financial Group Inc. investors rejected a shareholder climate resolution at a annual general meeting Thursday that had placed Japan’s third-largest bank in the spotlight for its financing of coal power projects.
Eric Pedersen, head of responsible investments at Nordea Asset Management. | Photo: PR/Nordea
Eric Pedersen, head of responsible investments at Nordea Asset Management. | Photo: PR/Nordea
By Aaron Clark / BLOOMBERG

The resolution, which its sponsor said was the first of its kind in Japan, would have required Mizuho to disclose climate risks and publish a plan to ensure its investments are aligned with the Paris Agreement.

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