Carbon Neutrality Initiative 2024 (Full) [723 KB]
The Japanese Bankers Association (Chairperson: Masahiko Kato, President and CEO of Mizuho Bank) compiled its 2024 Carbon Neutrality Initiative (hereinafter referred to as the JBA 2024 Initiative) at its Board of Directors meeting held on March 14.
The JBA 2024 Initiative was compiled following a thorough review of activities in 2023 that were based on our Carbon Neutrality Initiative (*) , which was compiled in December 2021 and partly revised in February 2023.
In 2023, the Act on Promotion of a Smooth Transition to a Decarbonized Growth-Oriented Economic Structure (GX Promotion Act) was enacted and put into force in Japan. The year saw the country step forward to achieve GX investment of more than 150 trillion yen over the next ten years in the public and private sectors.
There is also progress in international efforts, including the agreement on "transitioning away from fossil fuels" in the 28th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP28), which was held in November and December 2023.
The year 2024 marks the third anniversary of the compilation of the JBA Initiative in 2021. The JBA will continue to contribute to the realisation of carbon neutrality and net zero emissions in Japan through the steady implementation of this initiative in collaboration with various stakeholders, including customers, relevant ministries and agencies, and related economic organisations.
Appendix 1: Carbon Neutrality Initiative 2024 (Full)
Appendix 2: Carbon Neutrality Initiative 2024 (Overview)
