Organization (Extended):6/22 WED 8:00AM JST

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Organization Petition

Calling on the 3 Japanese Megabanks to End Fossil Fuel Finance 

We are already living through the climate crisis. For years, scientists have warned that the longer we delay a fundamental reform of our fossil fuel-dependent systems and the reliance on deforestation, the narrower our window to stop the climate crisis becomes. We must act now to mitigate the worst human and ecosystem impacts caused by the climate crisis.

In recent years, climate change risks have increasingly been associated with financial risks. Investors, young people, scientists, citizens, and other stakeholders are looking to financial institutions to take the lead in climate action by ruling out fossil fuels in their financing and investment portfolios and managing climate-related risks over the short, medium and longer term.

While the banks have improved their response to climate change in recent years, with the accelerating crisis, these efforts are simply not enough. To limit the rise in average global temperatures to 1.5 degrees compared to pre-industrial levels, and to halve greenhouse gas (GHG) emissions within nine years and to achieve zero emissions at the latest by 2050, banks must take bold actions now.

There is already a directive in place that coal-fired power plants, which emit the most GHGs during power generation, should be completely abolished by 2030 in OECD countries and by 2040 worldwide. In May 2021, the International Energy Agency (IEA) announced that, in order to achieve net zero emissions by 2050, there should be no more investment in new fossil fuel development projects, with existing facilities gradually phased out. The IEA also recommended that electric power generation should be decarbonized in developed countries by 2035 and worldwide by 2040. Although there are issues associated with the IEA’s roadmap, this announcement is highly significant because of its influence on the future direction of global energy policy.

Your targets to curb financed GHG emissions do not meet these requirements. Moreover, your policies on coal power, coal mining, oil and gas, and forest-related sectors remain insufficient and must go further. Japan’s three megabanks, including your bank, are the world’s top three lenders to the coal industry and the world’s principal financiers of fossil fuel companies. On this basis you are one of the major contributors of the worsening climate crisis.

We call upon your bank to demonstrate leadership towards a carbon-free society through responsible financial actions described as below. This way, your bank will contribute to solving, not worsening, the climate crisis.

Addresses for Appeals:
Mr. Hironori Kamezawa, President & Group CEO, Mitsubishi UFJ Financial Group
Mr. Jun Ohta, President & Group CEO, SMBC Group
Mr. Tatsufumi Sakai, President & Group CEO, Mizuho Financial Group

DEMANDS*:

* Please refer to “Principles for Paris-Aligned Financial Institutions” for more details.

Organizing Groups

SIGNED ORGANIZATION LIST

Total Organization

149
Name of Organization (in English) / グループ・団体名(英語表記)Country / 国
350.org Japan日本 (Japan)
Japan Center for a Sustainable Environment and Society (JACSES)日本 (Japan)
Kiko Network日本 (Japan)
Friends of the Earth Japan日本 (Japan)
Rainforest Action Network日本 (Japan)
Mekong Watch日本 (Japan)
Greenpeace Japan日本 (Japan)
WALHI West Java ( Friends of the Earth Indonesia )Indonesia
Green South FoundationThailand
Asian Energy Network (AEN)Philippines
Fridays For Future Hiroshima日本 (Japan)
Mighty EarthUnited States
Fridays For Future Dazaifu日本 (Japan)
Protect Our Winters Japan日本 (Japan)
Oil Change InternationalUnited States
The Law and Policy of Sustainable Development Research CenterVietnam
350 AsiaOther
350 PilipinasPhilippines
Youth Advocates for Climate Action PhilippinesPhilippines
Center for Environmental Concerns - Philippines Inc. Philippines
Fridays For Future Sapporo 日本 (Japan)
Kalikasan People's Network for the Environment (Kalikasan PNE)Philippines
350.org IndonesiaIndonesia
350 TaiwanTaiwan
African Stars FoundationGhana
Friends of the Earth IndonesiaIndonesia
Mom Loves Taiwan AssiciationTaiwan
No Coal Yokosuka日本 (Japan)
GEYK(Green Environment Youth Korea)Korea South
Oyu Tolgoi WatchMongolia
Friends of the Earth FranceFrance
Air Clean Taiwan Taiwan
Citizen of the Earth, TaiwanTaiwan
International Climate Development Institute (ICDI)Taiwan
Bench coffee co.日本 (Japan)
fossil-free.ch SwitzerlandSwitzerland
Bucks Environmental Action United States
Future instead of coal SwitzerlandSwitzerland
Climate City ZurichSwitzerland
Centre for Environmental JusticeSri Lanka
Christian AidUnited Kingdom
Anti-air pollution alliance of southern TaiwanTaiwan
350 BrazilBrazil
350 ArgentinaArgentina
BankTrackNetherlands
Alliance for Empowering Rural Communities Ghana
ATTAC Japan日本 (Japan)
SODEGAURA SIMINNGA NOZOMU SEISAKU KENNKYUUKAI日本 (Japan)
going my way+日本 (Japan)
Green People’s Power日本 (Japan)
Asian Environmental Youth NetworkChina
350 Eigo日本 (Japan)
Blue earthnet Hiroshima日本 (Japan)
Environics TrustIndia
AvaazOther
Rural Development Policy InstitutePakistan
Citizens' Climate Lobby Japan日本 (Japan)
EKOenergy ecolabelOther
350 EuropeUnited Kingdom
Australian Conservation FoundationAustralia
Fridays For Future Niigata日本 (Japan)
CEE Bankwatch NetworkOther
350.orgOther
Taiwan Youth Climate CoalitionTaiwan
350volunteer chushikoku network日本 (Japan)
Art Island Center日本 (Japan)
poco a poco ~Attaka miraiwo tukurukai~ from Hiroshima日本 (Japan)
Fridays For Future Tokyo日本 (Japan)
Friends of the Earth MalaysiaMalaysia
Centre for Research and Advocacy, Manipur India
fridays for future iwate日本 (Japan)
fridays for future fukuoka 日本 (Japan)
Fridays For Future Kagoshima日本 (Japan)
Fridays For Future Kyoto日本 (Japan)
350Tokyo日本 (Japan)
NPO Seven Generations日本 (Japan)
Student Executive Board Universitas IndonesiaIndonesia
Climate Action Network Japan (CAN-Japan)日本 (Japan)
Student Association of Faculty of Mathematic and Natural Science University of IndonesiaIndonesia
Friday For Future IndonesiaIndonesia
Pepe movie Hk日本 (Japan)
Greens Japan日本 (Japan)
Klima Action Malaysia (KAMY)Malaysia
Fridays For Future Shiga日本 (Japan)
350 New ENEration日本 (Japan)
Green TEAOther
Fridays for Future Osaka日本 (Japan)
Climate Action Malaysia (KAMY)Malaysia
Citizens Alliance for Saving the Atmosphere and the Earth (CASA)日本 (Japan)
Alliance of Indonesia Student Executive Board (BEM SI)Indonesia
Save VirungaCongo {Democratic Rep}
Student Executive Board Diponegoro UniversityIndonesia
Fridays For Future Yamaguchi日本 (Japan)
350 for ClimateTurkey
350.org GermanyGermany
Fossil Free University of IndonesiaIndonesia
Inclusive Development InternationalUnited States
Lambung Mangkurat University Student Executive BoardIndonesia
350.org USUnited States
Student Executive Board of Universitas PGRI Mahadewa IndonesiaIndonesia
NPO.EE.Harmony日本 (Japan)
Pakistan Fisherfolk ForumPakistan
Japan Congress against A- and H-Bombs(GENSUIKIN)日本 (Japan)
Japan Association of Environment and Society for 21th century日本 (Japan)
350 PacificFiji
350Africa.orgOther
Environmental Rights FoundationTaiwan
Community Empowerment and Social Justice Network (CEMSOJ)Nepal
Student Government of University of Sumatra UtaraIndonesia
BEM TANRI ABENG UNIVERSITY Indonesia
Climate Emergency Action Fujisawa日本 (Japan)
Student body of FKB TELKOM UNIVERSITY Indonesia
Student Executive Board of Universitas Pembangunan Nasional Veteran JakartaIndonesia
Student Executive Board Esa Unggul UniversityIndonesia
UrgewaldGermany
Fridays For Future Kobe日本 (Japan)
地球救出アクション97(Save the Earth! Action97)日本 (Japan)
SDGs shikoku 88日本 (Japan)
Bangladesh Working Group on Extenral Debt (BWGED)Bangladesh
CLEAN (Coastal Livelihood and Environmental Action Network)Bangladesh
Fridays for future Kumamoto日本 (Japan)
Proliance Japan Co. Ltd日本 (Japan)
Niseko Eco Project 日本 (Japan)
EAS-Y Green日本 (Japan)
Asian Peoples Movement on Debt & DevelopmentPhilippines
Philippine Movement for Climate JusticePhilippines
Spiral Club日本 (Japan)
Friends of the Earth AustraliaAustralia
Workers corporation Shibayama Agreen日本 (Japan)
Zero Emission Bunkyo日本 (Japan)
Friends of the Earth Asia PacificMalaysia
Reclaim FinanceFrance
Powershift Suginami日本 (Japan)
All Party System Co.Ivory Coast
peoples' power network日本 (Japan)
Legal Right and Natural Resources CenterPhilippines
Peoples Energy Chiba日本 (Japan)
PV-Net(PV owners Network)日本 (Japan)
ママノチョコレート(株式会社コータロー)日本 (Japan)
URAEUS 日本 (Japan)
350 SG Singapore
Fridays For Future Furano日本 (Japan)
Fridays For Future Sendai日本 (Japan)
NPO Nakano Citizens Environmental Foundation日本 (Japan)
NPO法人原子力資料情報室日本 (Japan)
Happy eco chiba日本 (Japan)
SD Creation INC United States
350 Shizuoka日本 (Japan)
350 OrgOther

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