We welcome Sompo's pioneering efforts and would like to urge other financial institutions to urgently develop policies at the same level or higher." Minyoung Shin, Asia Coordinator of the Insure Our Future campaign, added: "Sompo's enhanced coal policy is a statement that the company is serious about its net zero commitment." "The UN-backed Race to Zero campaign has made it clear that you can't commit to net zero while continuing to support the development of new fossil assets. We urge all Asian insurers to enhance their fossil fuel policies in line with the global standard."