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Climate Change

Shareholders push corporate Japan for tougher climate goals

Showdowns loom at financial and power companies' annual meetings

Shareholders hold banners in front of the headquarters of Sumitomo Mitsui Financial Group, demanding the bank step up action to combat climate change. (Photo courtesy of Japan)

TOKYO -- Some of Japan's largest companies will get investors' judgment on their climate goals at a string of shareholder meetings in the coming days as the push for greater action from the corporate sector expands beyond environmental campaigners. 

Five major companies -- three power utilities and two financial groups -- face votes calling for new information or tougher targets on carbon emissions. One of the proposals has been submitted by individual investors, in a first for Japan. Another has been submitted by foreign asset managers -- also a first. 

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