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Mizuho Advances Climate Initiatives with Green Project Support and Emission Targets for Key Sectors

ESGMizuho Advances Climate Initiatives with Green Project Support and Emission Targets for Key Sectors

Tokyo-based banking and financial services company Mizuho has announced a series of climate-focused initiatives, including a new framework to actively support green projects in high-risk areas within carbon-related sectors. This follows the introduction earlier in the year of a transition support framework to assist the company in financing clients’ business structure transformations. The updated green project framework expands support for projects meeting criteria recommended by the Loan Market Association’s Green Loan Principles. Additionally, Mizuho has set interim financed emissions reduction targets for the automotive and maritime transport sectors, aiming to reduce emissions from the automotive sector by 38% by 2030 and achieve climate alignment for the maritime transport sector by 2030, focusing on vessel operation. The company has already set targets for the power, oil and gas, and thermal coal sectors and plans to set targets for the steel and real estate sectors in the coming year.ed that it will vigorously contest the accusations, emphasizing its commitment to accurate disclosure of its investment practices and approach to proxy voting. The lawsuit reflects the broader political debate and criticism BlackRock has faced over its ESG positions in the U.S.

By FCCT Editorial Team

Disclaimer: The views expressed in this article are independent views solely of the author(s) expressed in their private capacity.

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