Japanese banks offer advice on disaster-risk mitigation

Major Japanese banks are helping corporate clients prepare for the threat of natural disasters. That's as global warming accelerates the frequency of climate-related events.

Mitsubishi UFJ Trust and Banking started offering its service last month.
It teamed up with a firm that specializes in drawing up hazard maps.

The bank analyzes the risk from threats such as flooding from torrential rains and ground liquefaction caused by earthquakes.
It then assesses the potential impact on offices, factories and stores.
It gives clients advice on how to prepare, and may recommend they transfer operations to safer places.

The bank also offers tips on risk disclosure, as investors are demanding more information about climate-related threats.

Taira Koichi of Mitsubishi UFJ Trust and Banking says, "Companies can no longer do business without taking steps to prepare for emergencies and mitigate against natural disasters. We think it's important to offer a service that identifies such risks."

Sumitomo Mitsui Banking launched a similar service in May.