Mizuho Bank, Ltd. (President & CEO: Koji Fujiwara) has concluded a Mizuho Eco Finance* deal with Ricoh Company, Ltd. (President and CEO: Yoshinori Yamashita).
At Mizuho, our proactive dialogue (engagement) with clients has allowed us to develop a deep understanding of our clients’ challenges and needs. We actively provide a diverse range of solutions to support clients’ SDG- and ESG-related initiatives and innovations.
Mizuho Eco Finance is an environmental assessment-based financial product through which we take action alongside our clients to advance the shift to a low-carbon society. The financing provided by Mizuho Bank is linked to the achievement of a certain minimum score under the environmental assessment model developed by Mizuho Research & Technologies, Ltd., which scores clients’ initiatives and benchmarks based on globally trusted environmental accreditation and assessment criteria among other factors.
Mizuho has evaluated Ricoh highly based on the high levels achieved on our environmental evaluation model, which included factors such as Ricoh’s endorsement of the Task Force on Climate-related Financial Disclosures in August 2018, the Science Based Targets initiative approval they received for their “1.5°C Goal” in March 2020, their 2030/2050 targets for reducing CO2 emissions, and their disclosure of the CO2 emissions by fiscal year for their entire supply chain.
At Mizuho, we are strengthening our initiatives (“Sustainability Action”) toward realizing a sustainable society, including responding to climate change and the transition to a low-carbon society. We will draw on our expertise as a financial services group to proactively provide financing support, including sustainable finance and environmental finance, as well as advice and solutions for strengthening and shifting businesses towards decarbonization.
*Mizuho Eco Finance:
See our press release dated June 28, 2019: “Announcing the launch of Mizuho Eco Finance”