Adidas Ignites Passion with 2024 Athlete Pack Including 49 Footwear Models 
Sony Pictures, Apollo Global Reportedly In Talks to Jointly Bid for Paramount 
Samsung Targets Beijing’s EV Semiconductor Market at Auto China 2024 
Tesla's Elon Musk Teases Full Self-Driving Launch in China, Postpones India Visit 
Kia Unveils $15,000 EV2, Spearheading Affordable Electric Vehicle Drive 
Digital trade protocol for Africa: why it matters, what’s in it and what’s still missing 
Canada Set to Enforce OECD Crypto Tax Standards by 2026 
The yen plunges to 34-year low despite interest rate hike 
Google Fired Workers Protesting Over Cloud Contract Deal With Israel 
Narendra Modi’s economy isn’t booming for India’s unemployed youth 
SPC Group’s Paris Baguette Inaugurates First Bakery Shop in the Philippines 
How cuts to marginal income tax could boost the UK’s stagnant economic growth 
Samsung Implements Emergency 6-Day Work Week to Combat Slowing Growth 
Sumitomo Corp shareholders defeated a resolution requiring the firm to align its business with international climate change targets at their annual general meeting.
The Japanese trading house's board is against the proposal.
Sumitomo is involved in two coal power projects in Asia, Vietnam's Van Phong 1 station and Bangladesh's Matarbari plant.
Companies and banks are being discouraged from investing in or financing fossil fuel projects like coal power plants, which is still strongly supported in Japan.
Eric Christian Pedersen, head of responsible investments at Danish fund manager Nordea Asset Management, noted that the proposal help investors correctly assess the company's transition risk and ambition level in addressing climate change.
The 2015 Paris Agreement requires countries to limit temperature rises to within 1.5-2 degrees Celsius of pre-industrial levels by curbing emissions.
Sachi Suzuki, senior engager at EOS at Federated Hermes, said they are not convinced that Sumitomo's net-zero commitment for 2050 and policy updates are not sufficiently aligned to limit global warming to 1.5C as it allows various exceptions and would not affect the plants already under construction.
A similar proposal was put before shareholders of Mizuho Financial Group last year and defeated by a margin of around 65-35, the bank said at the time.
