As the movement toward decarbonization is accelerating worldwide, Sumitomo Mitsui Trust Bank plans to invest a total of 500 billion yen in the next 10 years to companies with technologies that contribute to the realization of a decarbonization society. I decided.

Investment “decarbonization shifts” are underway among financial institutions.

Sumitomo Mitsui Trust Bank has decided to invest a total of 500 billion yen in companies and projects with technologies that will contribute to the realization of a carbon-free society in the next 10 years.

A specialized team familiar with technologies such as hydrogen and fuel cells will invest after analyzing the impact of the target company and project on society, but the bank itself will make an investment that bears the risk of loss. Become.

Regarding this, Kazuya Oyama, president of Sumitomo Mitsui Trust Bank, said, "Climate change projects are a field that no one has experienced, and if we refrain from investing until we understand the risks, the funds will never go around. Wants to make an investment of 2 trillion yen and create a virtuous cycle in which investment calls for investment. "

In addition, the “decarbonization shift” of investment is progressing among financial institutions, such as the establishment of a fund for investing in renewable energy businesses jointly with NTT and others by Bank of Tokyo-Mitsubishi UFJ.