AIR+13 Sep 2021

New ESG initiative by Japanese insurers in collaboration with Asian Development Bank

| 13 Sep 2021

The insurance sector has important roles to play in environmental conservation as well as the carbon-free society. A new ESG initiative by Japanese insurers in collaboration with the Asian Development Bank (ADB) to secure the blue ocean has been announced. Two Japanese insurers, Meiji Yasuda Life and Dai-ichi Life, invested around $300m in ADB's first ever blue bonds which will finance ocean-related projects in Asia and the Pacific.

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