Mizuho issues €750 million green bond

August 28, 2023

On August 28, 2023, Mizuho Financial Group, Inc. (President & CEO: Masahiro Kihara) issued the green bond (EUR 750 million).

The new medium-term business plan, starting from FY2023 puts forth Mizuho's long-term vision for the world, centering on personal well-being and the achievement of a sustainable society and economy to support it. We used backcasting to determine our aim for the world in 10 years and then identified the strategies that should be the focus of our attention in order for us to attain our long-term vision. The response to climate change is positioned as the most important issue among one of our core business themes, Sustainability & Innovation. To realize a low-carbon society, we will   contribute to the structural transformation of economy and industry, and the establishment of next-generation technologies by connecting industry-government-academia and providing the necessary financing for them. In terms of financing, we will increase money flow aimed at solving social issues, including the transition to a low-carbon society by increasing our sustainable finance target to JPY 100 trillion, which includes JPY 50 trillion in environment and climate change-related finance.

In order to increase the financing for the transition to a low-carbon society further, this green bond we have issued serves as a portion of funds for environmental and climate change-related finance and responds to the needs of investors who have a high level of interest in the environmental field. We have issued and managed green bonds based on a green bond framework we renewed in February 2023, which is in line with the International Capital Market Association's Green Bond Principles 2021. The framework has obtained a second-party opinion from Sustainalytics, a third-party certification organization.

We will provide the funds we raise through the issuance of this green bond to our subsidiary Mizuho Bank, Ltd. (President & CEO: Masahiko Kato), which will use them to finance environmentally-friendly projects, including renewable energy (hereinafter "green projects").

At Mizuho, we are strengthening our initiatives to realize sustainable society. We make challenges for SX (Sustainability Transformation) with our customers by providing not only sustainable finance to create money flow to solve environmental and social issues but also solutions leveraging our knowledge and capabilities beyond financings.

Click here to view a summary of the green bond >>>

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