Press Releases

Mizuho Bank begins providing Mizuho Eco Finance services to Yamaha Motor

December 25, 2019

Mizuho Bank, Ltd. (President & CEO: Koji Fujiwara) today began providing Mizuho Eco Finance1 services to Yamaha Motor Co., Ltd. (President, Chief Executive Officer and Representative Director: Yoshihiro Hidaka).

Mizuho Eco Finance is a financial product tied to environmental assessment, by which we provide financing to clients who meet a certain minimum score based on our scoring system, and is one way that we are taking action alongside our clients to advance the shift to a low–carbon society. The scoring system utilizes an environmental assessment model developed by Mizuho Information & Research Institute, Inc. to evaluate client initiatives and benchmarks via a globally accepted environmental verification and evaluation program.

Mizuho has recognized Yamaha Motor for becoming a supporter of the Task Force on Climate–related Financial Disclosures in May 2019, committing to setting Science Based Targets2 in May 2018, disclosing the CO2 emissions from its entire supply chain, and developing a plan to reduce its CO2 emissions from production, logistics, and the use of its products by 2050.

Also, by conducting a feasibility study on the Green Climate Fund3 for the Ministry of Economy, Trade and Industry in FY2018, Mizuho Information & Research Institute supported the global rollout of the Yamaha Clean Water Supply System, a compact water purification system which contributes to climate change adaptation. The increase in flood disasters due to climate change exacerbates the pollution of water sources. Unsanitary drinking water is detrimental to the health of people in affected regions, and consequently hinders the development of society and the economy. This technology makes it possible to supply clean, safe water to people in regions with limited access to drinking water.

At Mizuho, we are working as a unified group to further incorporate sustainability initiatives into our business strategy. We will draw on our expertise as a financial services group to proactively provide a wide range of solutions, including advisory and capital financing support, to businesses that are contributing to the shift to a low–carbon society.

  • 1:About Mizuho Eco Finance
    See our press release dated June 28, 2019: “Announcing the launch of Mizuho Eco Finance
     
  • 2:Science Based Targets (SBT): Targets set under an initiative which encourages companies to engage in science–based target setting for the reduction of greenhouse gas emissions in order to meet the goals established in the Paris Agreement.
  • 3:Green Climate Fund (GCF): A global fund created to support the efforts of developing countries to address and adapt to the impacts of climate change, helping such countries limit, reduce, absorb and mitigate greenhouse gas emissions.

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