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ECONOMY

Financial Services Agency to urge banks to adopt CO2 reduction measures

The Financial Services Agency (FSA) will formulate guidelines to encourage financial institutions to adopt climate change countermeasures. The sustainable finance expert panel met on May 28 and included the policy in its draft report. By encouraging financial institutions to make efforts to achieve a carbon-free economy, the FSA hopes to spread the CO2 reduction trend to corporations that receive loans.

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