Organizational Framework

For important sustainability-related matters, we ensure supervision by the Board of Directors and Risk Committee following discussions at the business execution line, e.g., the Sustainability Promotion Committee and Executive Management Committee. Constructive discussions are held with outside directors who have experience and expertise in sustainability, as well as with external experts in attendance at Risk Committee and Sustainability Promotion Committee meetings. The resulting feedback is used in establishing policy and promoting our initiatives.

At Mizuho, responsibility for strategy planning and promotion concerning sustainability lies with the Group Chief Sustainability Officer (Group CSuO), who promotes sustainability initiatives throughout the Mizuho group and directly reports to the Group CEO. We have also built a system for conducting centralized sustainability-related risk management under the direction of the Group Chief Risk Officer (Group CRO).

Board of Directors: Approves the basic matters relating to sustainability in the Mizuho group

President & Group CEO: Oversees sustainability initiatives.

Risk Management Committee：Deliberates on and coordinates and reports on risk management

Sustainability Promotion Committee: Deliberates on and coordinates sustainability matters

Group CSuO: In charge of planning and promotion of sustainability initiatives. As necessary reports to the Board of Directors, the Audit Committee, the Executive Management Committee, and the President & CEO on the status of sustainability initiatives, and related matters.

Group CRO: planning and operation of risk management

Sustainable Business Promotion Department: Focuses on sustainable business planning

Sustainability Planning Department: Focuses on policy establishment for entire Mizuho group

Risk Management Department　 Sustainability Risk Management Office：Manages sustainability risk

Overview of the Sustainability Promotion Committee (business execution line) (established in 2022)

Reason for establishment	Discuss and coordinate sustainability–related matters based on external experts’ advice towards further promoting sustainability across the group
Composition	Chairman	President & Group CEO
	Members	Group CSO, Group CRO, Group CFO, Group CSuO, other executive officers (including those from Mizuho group companies), depending on content
	External experts	External experts are invited in line with the topics of discussion –Meeting no. 1: Masako Konishi (Expert Director (Conservation and Energy), WWF Japan) –Meeting no. 4, 20: Ashleigh Owens (Financial Institutions Lead, Shift) –Meeting no. 14: Hirotaka Hideshima (Counsellor on Global Strategy to President, Norinchukin Bank / the Board of Directors member of the Taskforce on Nature-related Financial Disclosures (TNFD))

Meetings (topics discussed)

FY2024 (10 meetings in total)

Meeting no. 19	Concept and direction of engagement Visualization of performance against sector-specific medium-term targets for Scope 3 (financed GHG emissions)
Meeting no. 20	Initiatives to promote respect for human rights
Meeting no. 21	Revision of Scope 3 targets Engagement strategy Review of definition and utilization of Status of Transition Risk Responses
Meeting no. 22	Compliance with sustainability information disclosure regulation Advanced climate risk management
Meeting no. 23	Further promotion of sustainable business strategy
Meeting no. 24	Review of the Human Rights Issues Map Policy and disclosure on carbon-related exposure control for FY2025
Meeting no. 25	Initiatives pertaining to natural capital and circular economy Engagement with sectors covered by Scope 3 targets and grand design
Meeting no. 26	Revision of the Environmental and Social Management Policy for Financing and Investment Activity Perceived new operational direction of carbon-related exposure control for FY2026 and beyond
Meeting no. 27	Progress and future actions on the Net Zero Transition Plan
Meeting no. 28	Response to the recommendations of the participatory working group in the Mizuho Group-wide SX Project Disclosure of sustainability progress

Sustainability Promotion Measures

Mizuho is taking steps to promote understanding of and popularize sustainability group–wide by offering training programs, award programs, in–house communication tools, study sessions, lectures, and other learning opportunities across group companies and divisions.

Sustainability training sessions for all employees

Date	Themes	Participants
FY2024	External Environment Mizuho's Initiatives Sustainability Action	All Mizuho employees in and outside Japan
FY2023	External Environment Mizuho's Initiatives Sustainability Action
FY2022	External Environment Mizuho's Initiatives
FY2021	Changes in the external environment about climate change and human rights Mizuho's strengthening of sustainability initiatives

Study sessions and lectures about individual themes related to sustainability

Date	Themes	Participating employees
FY2024	Mizuho Diversity & Inclusion Month (M-DIM) Sustainable fashion Food loss	Approx. 500 in Japan
FY2023	Mizuho Diversity & Inclusion Month (M-DIM) Parents and Kids — Let’s Think about the Wonder of Living Creatures (Biodiversity)	Approx. 300 in Japan
FY2023	Executive dialogue Dialogue with Kihara Group CEO and Paul Polman, former CEO of Unilever and a leading expert on sustainability management	Approx. 480, both in and outside Japan
FY2022	Mizuho Diversity & Inclusion Month (M-DIM) Extreme weather events and biodiversity: What's happening? What can we do?	Approx. 250 in Japan
FY2021	Mizuho Diversity & Inclusion Month (M-DIM) Making sustainability a core part of Mizuho's brand To be a social intorepreneur	Approx. 570 in Japan
	Our approach to tax matters and Mizuho group's tax operation management	Approx. 26,000, both in and outside Japan
	ESG and Sustainable Financing	Approx. 300 outside Japan

Please click here for more information about internal communication and employee-driven initiatives.

Raising employee awareness and consolidating their capabilities

Please click here for more information about trainings and awareness for strengthening support for sustainable businesses.

Strengthening support for sustainable businesses

Please click here for more information about trainings and awareness for human rights education.

Human Rights Awareness Promotion and Activities