Environmental Policies and Targets
Mizuho has issued Policies for Environmental Initiatives to ensure that it undertakes our environmental initiatives uniformly, consistently, and comprehensively within the framework of its CSR Promotion on a group–wide basis. These initiatives include achieving economic growth and environmental preservation simultaneously.
Policies for Environmental Initiatives
- The Mizuho Financial Group believes that environmental initiatives are an essential element for both our subsistence and business activities as well as recognizes this as both a risk and an opportunity. As a global financial group, we contribute to the sustainable development of society by undertaking environmental initiatives voluntarily and proactively while taking in perspective a precautionary approach. These include addressing climate change issues, building a low–carbon society, promoting the sound material cycle society, and preserving biodiversity and other issues.
- Mizuho is aware that collaboration with various stakeholders is important in creating a sustainable society and, therefore, encourages appropriate collaboration and cooperation.
- Mizuho proactively discloses information regarding our corporate stance toward environmental initiatives and our actual activities. In addition, Mizuho will continue to improve these initiatives, by encouraging close communication with society through dialogue with stakeholders to ensure that our corporate activities conform to social standards and expectations.
- Drawing on its knowledge as a global financial group, Mizuho will develop and offer financial products and services that encourage society to promote environmental considerations.
- Mizuho will comply with environmental laws and regulations.
- Mizuho will take initiatives to reduce the use of resources and energy, and manage waste disposal in its business activities.
- Mizuho will provide support to environmental initiatives of its customers and environmental protection groups.
- Mizuho will provide support to activities that increase environmental awareness and environmental initiatives of its management and employees.
- Mizuho will collaborate and cooperate with a diverse range of stakeholders, such as customers, suppliers, competitors, local communities, and government organizations, and will encourage environmental considerations to its value chain through its business activities.
- In its responsibilities and roles as a global financial group, Mizuho will undertake initiatives to promote environmental considerations in society.
- The Mizuho Financial Group will actively promote its initiatives and that of its main subsidiaries.
- Mizuho will set targets to reduce its environmental impact, reviews these periodically, and continues to make improvements.
- Regarding direct and indirect energy consumption, about 30% was verified by third parties based on the "System for Responsibility for Reducing Total Greenhouse Gas Effect Emissions and Emission Volume Transactions" of the Tokyo Metropolis.
|Environmental Burden Reduction Targets||FY2015||FY2016|
|CO2||For Mizuho Financial Group and principal companies (hereinafter, Mizuho): CO2 emissions basic unit* (CO2 emissions / total floor area)
Long–term target: Reduce by 19.0% as of FY2030 compared to FY2009
Medium–term target: Reduce by 10.5% as of FY2020 compared to FY2009
|Paper||Green purchasing ratio for paper of 85% or more at Mizuho domestic group companies||99.8%||99.7%|
|Paper Recycling Ratio target of 95% or more in FY2020 at major domestic offices||94.7%||95.0%|
Approach to Environmental Risk and Opportunities
Understanding of the External Environment
In Mizuho's Policies for Environmental Initiatives, environmental initiatives are an essential condition for corporate existence and business activities. Moreover, Mizuho is aware that these initiatives have risks and opportunities. Therefore, based on a precautionary approach toward addressing climate change issues, building a low–carbon society, promoting the sound material cycle, preserving biodiversity, and other issues, Mizuho has determined it will take voluntary and proactive initiatives.
Under the "Sustainable Development Guidelines" (SDGs) of the United Nations and the Paris Agreement, which provides a new framework for addressing climate change, "common global objectives" have been set aimed at attaining sustainable development of society. Along with this, companies are expected to play a role in solving these environmental and social issues, including climate change issues.
In addition, financial authorities, institutional investors, and other parties in major industrial nations have become increasingly aware of the impact that climate change has on business (company risks, opportunities, and actions in response). In conjunction with this, the Financial Stability Board established the "Task Force on Climate–related Financial Disclosures (TCFD), and in June 2017 the TCFD submitted a report offering opinions concerning the disclosure of climate–related financial information.
Mizuho recognizes the impact that climate change and other environmental issues have on business as well as the related risks and opportunities. As a financial institution, Mizuho will take appropriate action in response while also taking into consideration factors such as international concerns and trends.
Risks and Opportunities for Mizuho
As a result of the growing seriousness of climate change, natural disasters are occurring, and, depending on their magnitude, may have a damaging impact on Mizuho's offices, computer centers, and other facilities both in Japan and overseas. If economic conditions deteriorate, many companies may experience weak performance, and this may have a detrimental effect on the Group's performance and financial position. In addition, there is a possibility that the cost of responding to tightening of regulations regarding environmental pollution and greenhouse gas emissions may rise, and, if corporations do not respond appropriately, this may have a negative effect on corporate reputations and thus lead to the risk of losses for the Group.
On the other hand, climate change may also lead to opportunities for the development of products and services that contribute to the reduction of greenhouse gas emissions and the greater use of renewable energy.
Mizuho has positioned global issues related to the environment and energy as matters to be addressed in its Group CSR Initiatives for the period from fiscal 2016 through fiscal 2018, which include "Developing Industries that Address Global Issues Related to the Environment and Energy," "Promoting Responsible Lending and Investing," and "Promoting Reduction in the Environmental Burden of Corporate Activities."