In Focus: Transition finance trending among life insurers

Japan's Nippon Life Insurance recently announced guidelines for extending transition finance loans to steelmakers and utilities, which it hopes will serve as a benchmark for domestic lenders and businesses. "As Japanese utilities and steelmakers operate globally, their transition strategies have come under scrutiny on whether they are green or not. We hope the guidelines can serve as a tool for them to explain their approach to investors," Yasutoshi Miyamoto, general manager at…