Tokyo-based Mizuho commits to low carbon transition with €750m green bond

August 31, 2023

Tokyo’s renowned banking and financial services institution, Mizuho, has recently publicised its release of a €750m ($820m) green bond.

This endeavour is aligned with their strategic plan to finance transformative initiatives that pave the way for a carbon-neutral society.

The substantial financial backing comes from esteemed investors intrigued by Mizuho’s sustainability objectives. Their involvement underscores their collective support for projects aiming at the larger goal of environmental conservation.

Diving deeper into Mizuho’s core operations, this establishment centres its activities around fostering a society and economy rooted in sustainability. Their green bond is not a standalone initiative; it is an integral part of the firm’s recent medium-term business strategy. This blueprint revolves around the dual objectives of individual well-being and the evolution of a self-sustaining society. Out of the many thematic business areas that Mizuho engages in, “Sustainability & Innovation” reigns supreme, with the challenge of climate change identified as its paramount concern.

With the fresh injection of funds from the green bond, Mizuho Bank will be endowed with the required resources to spearhead a plethora of green projects.

Elaborating on the firm’s mission, a statement from Mizuho clarified their position: “At Mizuho, we are strengthening our initiatives to realise a sustainable society. We make challenges for SX (Sustainability Transformation) with our customers by providing not only sustainable finance to create money flow to solve environmental and social issues but also solutions leveraging our knowledge and capabilities beyond financings.”

This ambitious green bond issuance succeeds Mizuho’s prior declaration last month. The financial giant has set its sights on facilitating JPY 100 trillion ($USD 700bn) in sustainable finance from 2019 to 2030. This includes an impressive JPY 50 trillion dedicated solely to environmental and climate change-centric finance.

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