Organizational Framework

For important sustainability–related matters, our system consists of discussions at the business execution line, e.g., the Sustainability Promotion Committee and Executive Management Committee, and supervision by the Board of Directors and Risk 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.

In fiscal 2021, we aimed to strengthen our framework by establishing the Sustainability Promotion Committee, and by forming and expanding specialist departments for promoting sustainable business. Moreover, based on thorough discussions by our business execution and supervisory lines and with attention to both opportunity and risk, we strengthened initiatives related to climate change responses, respect for human rights, environmentally and socially responsible financing and investment activity, and sustainable business.

In addition, in September 2022, we established the new position of Group Chief Sustainability Officer (Group CSuO) to promote sustainability initiatives throughout the Mizuho group. The Group CSuO will not be affiliated with any specific in–house company, unit, or group, but rather report directly to the Group CEO, and will plan and promote sustainability initiatives for the entire Mizuho group. Further, under the Group Chief Risk Officer (Group CRO), we strengthen our system for conducting centralized sustainability-related risk management.

Overview of the Sustainability Promotion Committee (business execution line) (established in Jan 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: Ashleigh Owens (Deputy Director for Financial Institutions, Shift)
Meetings (topics discussed)	Meeting no. 1	Mizuho's Approach to Achieving Net Zero by 2050 Approach to setting targets for greenhouse gas emissions from our finance portfolio (Scope 3 targets) Setting of electric power sector targets and work towards achieving those targets
	Meeting no. 2	Climate–related risk management system Environmental and Social Management Policy for Financing and Investment Activity Risk control policy for carbon–related sectors
	Meeting no. 3	Enhancing climate change response promotion structure Publication of TCFD Report 2022
	Meeting no. 4	Evaluations and issues concerning initiatives for respecting human rights Publication of Human Rights Report 2022
	Meeting no. 5	Approach to transition support for carbon-related sectors
	Meeting no. 6	Growth strategy (sustainability)
	Meeting no. 7	Setting and advancement of Scope 3 targets
	Meeting no. 8	Enhancement of climate action
	Meeting no. 9	Climate risk management the sustainable finance target
	Meeting no. 10	Publication of TCFD Report 2023 Advanced risk management with scenario analysis Disclosure of sustainability items in security report
	Meeting no. 11	Grand design of domestic electricity sector
	Meeting no. 12	Advanced transition risk management Publication of Human Rights Report 2023

 

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
FY2022	External Environment Mizuho's Initiatives	All Mizuho employees in and outside Japan
FY2021	Changes in the external environment about climate change and human rights Mizuho's strengthening of sustainability initiatives
FY2020	Overview of recent developments in the field of sustainability The status and external assessment of Mizuho's initiatives

Study sessions and lectures about individual themes related to sustainability

Date	Themes	Participating employees
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
FY2020	SDG (ESG investment) trends	66 in Japan
	Mizuho Sustainability Day (SDGs and marketing workshop aimed at making sustainability more relatable)	Approx. 140 in Japan

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