Some Sumitomo shareholders back resolution on climate change

Some Sumitomo shareholders back resolution on climate change

Logos of Sumitomo Corp are seen after the company’s initiation ceremony at its headquarters in Tokyo, Japan April 2, 2018. REUTERS/Toru Hanai

TOKYO, June 18 (Reuters) – Some Sumitomo Corp (8053.T) shareholders, including Nordea Asset Management and Legal & General Investment Management, say they will back a resolution calling on the Japanese trading house to align its business with international targets on climate change.

The resolution will be put to shareholders at the company’s annual general meeting in Tokyo that starts at 0100 GMT on Friday.

Activist investors are increasingly turning…

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Some Sumitomo shareholders back resolution on climate change

 

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