"Press Release: Five major insurers and asset managers say they are doing engagement with Mitsubishi Corporation NGOs call for greater efforts to make Mitsubishi Corp. withdraw from new coal-fired power plant project in Vietnam", 2 Feb 2021

Five Japanese environmental organizations wrote jointly in December 2020 to 98 major shareholders of Mitsubishi Corporation ...urging them to conduct shareholder engagement with the company, which is proceeding with new coal-fired power generation projects in Vietnam, and to divest from the company if necessary...As of January 28, 2021, the organizations had received 15 responses, some of which were simply an acknowledgment of receipt, although five major life insurance or asset management companies did state that they were conducting engagement with Mitsubishi Corporation. This was the second letter from the environmental groups to shareholders of Mitsubishi Corporation formally urging divestment...

The request letter from NGOs called upon institutional investors, as shareholders, to urge Mitsubishi Corporation to withdraw from Vung Ang 2, and more specifically, to submit a shareholder proposal to the company’s general shareholders’ meeting requesting that the company withdraw from the project; and if, even after shareholder engagement, Mitsubishi Corporation does not withdraw from the coal power project, to divest from the company.

None of the responses received to date stated that the respondent was proceeding with or considering divestment, but five companies did state that they were conducting engagement with Mitsubishi Corporation...