Asia's Dirty Companies
The ADC campaign puts a spotlight on private companies that invest in coal and fossil fuels, and the banks and financial institutions that fund them despite calls for keeping the Earth’s temperature at livable levels. We call on companies that continue to invest in dirty energy to make a #TotalCoalExitNow.
Jump to briefer on:
- The DIRTY BIT: The Asia’s Dirty Companies (ADC) campaign
- The FINE PRINT: How Japanese Financial Institutions fare vis-à-vis their commitments to end coal
- J-POWER (Japan Electric Power Development Co., Ltd.)
- KEPCO (Korea Electric Power Corporation)
- MARUBENI Corporation
- MITSUBISHI Corporation
- MIZUHO (Mizuho Financial Group, Inc.)
- MUFG (Mitsubishi UFJ Financial Group, Inc.)
- SMBC (Sumitomo Mitsui Banking Corporation)
- SUMITOMO Corporation
The Asia’s Dirty Companies (ADC) campaign
Asia’s Dirty Companies is an ongoing campaign of Asian movements that puts a spotlight on private companies that invest in energy derived from coal and fossil fuels, and the private banks and other financial institutions that keep them thriving despite calls for reduced emissions and other efforts to keep the Earth’s temperature at livable levels. We call on these companies to stop investing in coal in favor of clean and renewable energy sources.
How Japanese Financial Institutions fare vis-à-vis their commitments to end coal
For years, climate and energy groups have sounded the alarm on what seems to be Japan’s addiction to coal as an energy source. By extending huge sums of finance for coal power construction, Japanese institutions have betrayed the call to keep global temperatures from rising to levels that could bring irreparable damage to human and environmental health. In fact, between January 2017 and September 2019, three of these institutions rank the highest in terms of underwriting loans for coal projects.
Japan Electric Power Development Co., Ltd. (J-Power or formerly Denpatsu) was first established in postwar Japan in 1952 as a public electric utilities company. The company deals with supplying and generating power overseas and in Japan, as well as providing consulting services related to electric power-related business.
Korea Electric Power Corporation (KEPCO) is the largest electric utility in South Korea. It is involved in the development of electric power resources, electric power generation, transmission, transformation and distribution inside and outside of Korea.
Founded in 1958 with Tokyo, Japan as its headquarters, Marubeni Corporation is involved in the business of importing and exporting, food materials, chemicals, resources, transport machinery, offshore trading and energy. They are also engaged in power projects, infrastructure and plants, and industrial machinery.
Mitsubishi Corporation, one of Japan’s top general trading companies, is engaged in many business areas, from the energy sector to mobility, food, urban development, and more. Its power generation business is active both in Japan and overseas.
Mizuho Financial Group, Inc. (MHFG) or Mizuho1 is a merger of Dai-ichi Kangyo Bank, Fuji Bank and the Industrial Bank of Japan established in 2001. Headquartered in Tokyo, Japan, it is considered to be one of the three Japanese megabanks and offers services such as banking, trust banking and securities and other financial services.
The Mitsubishi UFJ Financial Group, Inc. (MUFG) is a Japanese bank with headquarters in Tokyo. It was formed upon the merger of Mitsubishi Tokyo Financial Group (MTFG) and United Financial of Japan (UFJ) Group in October 2005.
Sumitomo Mitsui Banking Corporation (SMBC) is Japan’s largest trust company and fifth-largest bank by assets. SMBC and its group companies offer financial services in the form of leasing, securities, credit card, investment and other credit related businesses.
Sumitomo Corporation is one of the top three largest Japanese general trading companies worldwide. The company was incorporated in 1919 and is a member company of the Sumitomo Group.