In the global petition led by 350.org Japan and supporting groups, the three financial major groups including SMFG are requested to:

1. Disclose lending and investments in the most carbon-intensive sectors in line with the Task Force on Climate Related Financial Disclosures (TCFD) recommendations;

2. Publicize a business strategy and goals and metrics that are consistent with keeping global warming below 1.5-2℃;

3. Stop financing new coal-fired power plants and thermal coal mining projects and companies associated with new coal development to meet the goals of the Paris Agreement.

We call upon Japan’s major financial groups starting with SMFG to swiftly adopt and announce a progressive finance policy on coal that adheres to the Paris Agreement.