ESG Evaluation

The ESG initiatives that Mizuho has carried out thus far have received high evaluations, and Mizuho has been a part of social responsibility investment indices both inside and outside Japan.

Social responsibility indices which include Mizuho (as of March 2024)

	FTSE4Good Index FTSE Russell, a London Stock Exchange Group member company, has developed the FTSE4Good Index, which consists of stocks that have met global standards related to ESG practices.1
	FTSE Blossom Japan Index The FTSE Blossom Japan index was designed by FTSE Russell, a member company of the London Stock Exchange Group, and consists of the stocks of Japanese companies that excel in meeting standards for ESG practices in and outside of Japan.1
	FTSE Blossom Japan Sector Relative Index The FTSE Blossom Japan Sector Relative Index is designed as a sector neutral benchmark that reflects the performance of large, mid and small cap companies demonstrating strong environmental, social and governance practices (ESG) in Japan.1
	MSCI Japan ESG Select Leaders Index An index created by U.S. company MSCI, comprising stocks of companies that excel in meeting standards for ESG practices. MSCI Japan ESG Select Leaders Index is one of the ESG indexes utilized by GPIF2.
	MSCI Japan Empowering Women Index (WIN) This index has been developed by U.S. company MSCI and consists of the stocks of companies that have received high scores for gender diversity as calculated based on their data disclosed under the Act on Promotion of Women's Participation and Advancement in the Workplace2.
	Morningstar Japan ex-REIT Gender Diversity Tilt Index (GenDi J) An index created by Morningstar that evaluates companies' gender diversity initiatives. The constituent companies are divided into five gender priority groups based on Equileap’s evaluation, and Mizuho Financial Group was classified as "Group 1", the highest rated of the five3.
	2023 Bloomberg Gender–Equality Index This index, developed by Bloomberg, includes stocks of companies in 45 countries worldwide that are actively undertaking initiatives to create workplace environments that feature gender equality and have policies and a record of accomplishments in information disclosure.

1:   FTSE Russell (the trading name of FTSE International Limited and Frank Russell Company) confirms that Mizuho Financial Group has been independently assessed according to the FTSE4Good criteria, and has satisfied the requirements to become a constituent of the FTSE4Good Index Series. Created by the global index provider FTSE Russell, the FTSE4Good Index Series is designed to measure the performance of companies demonstrating strong Environmental, Social and Governance (ESG) practices. The FTSE4Good indices are used by a wide variety of market participants to create and assess responsible investment funds and other products.

2:   THE INCLUSION OF MIZUHO FINANCIAL GROUP, INC. IN ANY MSCI INDEX, AND THE USE OF MSCI LOGOS, TRADEMARKS, SERVICE MARKS OR INDEX NAMES HEREIN, DO NOT CONSTITUTE A SPONSORSHIP, ENDORSEMENT OR PROMOTION OF MIZUHO FINANCIAL GROUP, INC. BY MSCI OR ANY OF ITS AFFILIATES. THE MSCI INDEXES ARE THE EXCLUSIVE PROPERTY OF MSCI. MSCI AND THE MSCI INDEX NAMES AND LOGOS ARE TRADEMARKS OR SERVICE MARKS OF MSCI OR ITS AFFILIATES.

3:   Morningstar, Inc., and/or one of its affiliated companies (individually and collectively, “Morningstar”) has authorized Mizuho Financial Group to use of the Morningstar® Japan ex-REIT Gender Diversity Tilt Logo (“Logo”) to reflect the fact that, for the designated ranking year, Mizuho Financial Group ranks within the top group of companies comprising the Morningstar® Japan ex-REIT Gender Diversity Tilt IndexSM (“Index”) on the issue of gender diversity in the workplace. Morningstar is making the Logo available for use by Mizuho Financial Group solely for informational purposes. Mizuho Financial Group’s use of the Logo should not be construed as an endorsement by Morningstar of Mizuho Financial Group or as a recommendation, offer or solicitation to purchase, sell or underwrite any security associated with Mizuho Financial Group. The Index is designed to reflect gender diversity in the workplace in Japan, but Morningstar does not guarantee the accuracy, completeness or timeliness of the Index or any data included in it. Morningstar makes no express or implied warranties regarding the Index or the Logo, and expressly disclaims all warranties of merchantability or fitness for a particular purpose or use with respect to the Index, any data included in it or the Logo. Without limiting any of the foregoing, in no event shall Morningstar or any of its third party content providers have any liability for any damages (whether direct or indirect), arising from any party’s use or reliance on the Index or the Logo, even if Morningstar is notified of the possibility of such damages. The Morningstar name, Index name and the Logo are the trademarks or services marks of Morningstar, Inc. Past performance is no guarantee of future results.