Japan's largest farm lender to pour $90bn into ESG projects

Norinchukin Bank pushes businesses to cut greenhouse gas emissions by 50%

20210525N Japanese rice paddies

Norinchukin will pour money into projects that will help mitigate climate change. © Reuters

TAIZO WADA, Nikkei staff writer

TOKYO -- Norinchukin Bank, Japan's largest agricultural lender, will spend 10 trillion yen ($91.8 billion) in investments and loans for projects promoting environmental, social and corporate governance goals over the next decade. 

This comes to roughly 1 trillion yen a year on ESG funding through the fiscal year ending March 2031, up 70% from the 600 billion yen spent in fiscal 2020.

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