Fujitsu, Mizuho Bank partner to improve ESG data

January 31, 2023

Fujitsu and Mizuho Bank have collaborated to focus on the development of services for corporate customers to manage ESG and SDG related data.

The deal will combine Mizuho Bank’s customer networks and knowledge of environmental and energy solutions with Fujitsu’s cloud services for visualising CO2 emissions across the entire supply chain.

By working together, they hope to support customers with de-carbonisation and improve sustainability management strategies.

Within the joint project, the companies will leverage Mizuho Bank’s customer networks and insights in customers’ environmental management issues and needs with Fujitsu’s services, including SaaS-based sustainability management information.

This will allow the two companies to calculate, visualise and analyse greenhouse gas emissions to support customers in reducing their carbon footprint. By making it possible to manage various ESG data, including energy consumption, waste management, occupational health and safety and CSR activities, companies will be able to meet regulatory requirements, such as the Japanese Law Concerning the Rational Use of Energy.

The duo will also explore other collaborative initiatives to develop further services and solutions.

Mizuho Bank will continue to promote sustainability action to realise a sustainable society. Similarly, Fujitsu will continue to promote “Sustainable Manufacturing.”

In other ESG news, the US Federal Reserve released details for its first climate scenario analysis exercise for the country’s six largest banks. This exercise will assess the banks’ climate-related risk management practices and their resilience of climate outcomes.

Additionally, a report from FIS found that c-suite executives plan to invest significantly into Web3, ESG frameworks and embedded finance during 2023.

Of the respondents, 84% see both ESG and embedded finance having a major or moderate impact on the FinTech space this year. The report also found that 56% of financial services firms in the US believe ESG offers an opportunity to improve competitiveness in the market.