TOKYO -- Lawson, Ajinomoto and other Japanese corporations are phasing out the use of fluorocarbon refrigerants, a class of greenhouse gases, in order to both comply with stiffer regulations and attract investors concerned about the environment.
Institutional investors around the globe are increasingly taking environmental measures into account when screening investments. Such socially responsible asset management has reportedly climbed to $62 trillion. The Paris Agreement aimed at reducing greenhouse gases has gone into effect, and a separate accord calls for cuts in fluorocarbon production beginning in 2019. For business groups, environmentally friendly strategies are becoming an important part of raising funds and conducting business.
