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Finance

Development Bank of Japan to boost ESG funding up to 80% to $50bn

Exclusive: Environment, social and governance to drive 40% of state lender's five-year plan

A hydrogen energy project in Japan's Fukushima Prefecture. (Photo by Keisuke Kurotaki)

TOKYO -- The government-backed Development Bank of Japan plans to increase funding based on environmental, social and corporate governance factors to 5.5 trillion yen ($50.4 billion) over the next five years, Nikkei has learned, aligning with Tokyo's goal of achieving net-zero greenhouse gas emissions by 2050.

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