Ditching net zero is a dangerous gamble for Japan's megabanks

MUFG and SMBC's UN climate exit signals a troubling retreat from sustainability

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20250326 MUFG and SMBC

MUFG and SMBC must reaffirm their net-zero commitments and translate these pledges into actionable policies and targets aligned with climate science and the Paris Agreement. (Source photos by Yuki Nakao)

Eri Watanabe is a senior Japan energy finance campaigner at Market Forces, a clean energy finance advocacy group working across Asia and Australia.

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