Environmental Policies and Targets

 

Environmental Policy

Mizuho's Approach to Achieving Net Zero by 2050

Environmental Targets

Environmental Burden Reduction Targets FY2019 FY2020 FY2021
CO2

GHG emissions (Scope 1 and 2) for Seven group companies1: Carbon neutral by FY2030 (Carbon neutrality to be maintained thereafter)

 – 164,380tCO2
(–8.5% compared to FY 2019)		 150,987*tCO2
(–15.6% compared to FY 2019)
Paper Green purchasing ratio for paper of 85% or more at Mizuho domestic group companies 2 –99.9% 99.9% 99.9%
Paper Recycling Ratio target of 95% or more in FY2020 at major domestic offices 93.1% 92.1% 87.0%
Reduce 6 group companies' 2 paper usage in Japan by 1% compared to the previous fiscal year –16.7% –21.9% –10.2%

* Provisional value

1:Mizuho Financial Group, Mizuho Bank, Mizuho Trust & Banking, Mizuho Securities, Mizuho Research & Technologies3, Asset Management One, and Mizuho America. Up to FY2021, for 8 group companies, including former Mizuho Private Wealth Management4.

2:Mizuho Financial Group, Mizuho Bank, Mizuho Trust & Banking, Mizuho Securities, Mizuho Research & Technologies3, Asset Management One. Up to FY2021, for 6 group companies, including former Mizuho Private Wealth Management4.

3:Former Mizuho Research Institute and former Mizuho Information & Research Institute

4: Completed the liquidation on March 23, 2022, and Mizuho Bank took over the functions of the Company.

 

Net Zero Transition Plan

Net–zero GHG emissions
  • Scope 1 & 2: Mizuho group GHG emissions to be carbon neutral by FY2030.
  • Scope 3: GHG emissions resulting from our financing and investment.
    • Begin process of setting mid–term targets (to be reached by FY2030) in order to achieve net zero by FY2050.
    • Enhance measurement and disclosure of financed emissions.
Strengthen low–carbon business
  • Strengthen our support for the transition to a low–carbon society by engaging with clients and providing financial and non–financial solutions.
    • Implement sustainable finance (total of JPY 25 trillion by FY2030).
    • Improve our ability to provide value chain / entire supply chain solutions.
    • Support innovation that contributes to decarbonization.
Enhance climate–related risk management
  • Continually enhance risk management frameworks and policies that aim to create a business base resilient to climate change–related developments.
    • Continually review our carbon–related sector risk exposure control policy and our Environmental and Social Management Policy for Financing and Investment Activity, and make efforts toward risk quantification.
Strengthen our stance
  • Strengthen our stance on achieving net zero.
  • Participate in international initiatives and strengthen coordination with diverse stakeholders.

Third–Party Verification

With regard to direct energy consumption and indirect energy consumption, 80.1% of performance data was subject to third–party audits in November 2021.

We are also undergoing third-party verification for Scope3 (business trip).

Third party verification report

Education for our Executive Officers and Employees

Mizuho provides education, training, and information to ensure our executive officers and employees comply with all relevant regulations and processes. We also provide training programs, internal communication tools, and study sessions with related companies and departments to deepen understanding about environmental and human rights issues with the objective of promoting awareness throughout our organization so all executive officers and employees will conduct their duties conscientiously.

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