5 major Japanese firms launch coalition to combat global warming

Five major Japanese companies said Thursday they have jointly launched an organization to fight global warming by creating a sustainable low carbon society.

Aeon Co., the Bank of Tokyo-Mitsubishi UFJ, Fujitsu Ltd., Tokio Marine & Nichido Fire Insurance Co. and Ricoh Co. have founded the Japan Climate Leader’s Partnership, or Japan-CLP, which they said supports the idea of halving global greenhouse gas emissions by 2050.

The launching of the joint body, unique among Japanese businesses, comes ahead of a key UN climate change conference to be held in Copenhagen in December aimed at creating a global framework to replace the 1997 Kyoto Protocol on fighting global warming.

“We have founded Japan-CLP to urge the industrial community to develop a sound sense of urgency on the issue of climate change and to initiate more proactive actions, “the five companies said, adding Japan-CLP will provide support for “helping emissions to peak out at the earliest possible stage.”

“The transformation to a sustainable low-carbon society will also open up new business opportunities driven by appropriate policies and frameworks, and the proactive engagement of corporations,” they said in a statement.