Japanese insurers committed to protecting the environment

Dai-ichi Life Insurance has decided not to finance coal-powered electric plants anymore. Nippon Life Insurance has also unveiled its decision not invest anymore in these polluting industrial sites.

In Japan, initiatives designed to protect the environment originate solely from insurers. Japanese banks continue to finance this kind of projects like Mitsubishi UFJ Financial Group, Mizuho FG and Mitsui Sumitomo which have respectively invested 4.4 billion USD, 3.3 billion USD and 900 million USD in coal-powered plants during the last three years.

At the international level, several insurance and reinsurance companies such as Allianz, Axa, SCOR and Zurich have decided not to propose covers for polluting sites anymore.

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• SCOR is committed to the environment