Today, Mizuho Financial Group, Inc. (President & CEO: Masahiro Kihara) published our TCFD Report 2022, which details our latest initiatives related to climate change in line with the Recommendations of the Task Force on Climate-related Financial Disclosures (TCFD).
At Mizuho, we have supported the intent and aims of the TCFD Recommendations since 2017. Based on our awareness that climate change is one of the most crucial global issues with the potential to impact the stability of financial markets, we have positioned addressing environmental issues and climate change as a key part of our corporate strategy, and we are endeavoring to strengthen our initiatives. In FY2020, we became the first financial services group in Japan to publish a TCFD Report, and this is the third year we have published the report.
The TCFD Report 2022 covers aspects of the stronger sustainability action1 we announced in May 2022. It includes further details on our enhanced responses to address climate change (e.g. our efforts towards net-zero emissions), as well as new information on the strengthening of our climate change response structure, the process and results of the transition risk scenario analysis we performed using the 1.5°C scenario, and the results of our measurement of greenhouse gas emissions from our financing and investment (Scope 3 emissions).
We will continue to focus our efforts on supporting our clients’ climate change countermeasures and transitions to a low-carbon society. In doing so, we will positively contribute to the achievement of a low-carbon society and the development of a climate change resilient society by 2050.
Reference: Future sustainability-related disclosure plans
Human Rights Report (July), Integrated Report (July), ESG Databook (August), and SASB Index (September).
(Dates listed are for Japanese versions. Release dates for English versions may be later.)
Link to the TCFD Report 2022:
https://www.mizuho-fg.co.jp/csr/mizuhocsr/report/pdf/tcfd_report_2022.pdf (Japanese version)
The English edition of the TCFD Report 2022 is scheduled for release at around the end of June 2022.
1. See our press release “Strengthening our sustainability action”, dated May 17, 2022: