Mizuho Financial Group and Lombard Odier have embarked on a new journey with their sustainability alliance.
This partnership is not only a continuation but an expansion of their existing collaboration since 2023, with a strong emphasis on promoting sustainable practices in Japan.
The primary motivation behind this enhanced alliance is to integrate and advance sustainability within the financial sectors of both firms, particularly focusing on the Japanese market.
By collaborating, Mizuho aims to broaden its sustainability initiatives and align its sustainable investment offerings with international standards. This strategic move is designed to position Mizuho as a trailblazer in sustainable finance practices.
Mizuho, known for its comprehensive financial services across multiple sectors, plays a crucial role in this partnership by bringing its substantial market knowledge and network within Japan. The company is focused on refining its sustainability-driven products and services to meet the rising demands of its clientele.
On the other hand, Lombard Odier, with its rich heritage in sustainable investment, serves as a strategic advisor and consulting partner. The firm brings its global sustainability expertise to the table, aiming to establish robust sustainability systems and enhance investment solutions for affluent clients in Japan.
This alliance also allows Lombard Odier to gain valuable insights into the Japanese sustainability market, which can be leveraged to tailor their global strategies and further their market presence. This symbiotic relationship is geared towards developing innovative sustainability-focused investment strategies that are mutually beneficial.
Additional insights into the partnership reveal that since their initial strategic alliance agreement, Mizuho has utilized Lombard Odier’s resources to bolster its product offerings and foster talent development through various training programs. This collaboration has proven to be a cornerstone in Mizuho’s medium-term business plan, which envisions a future geared towards personal well-being and a sustainable society and economy.
“At Mizuho Financial Group, we are delighted to partner with Lombard Odier to advance sustainability initiatives in Japan’s financial sector. By leveraging Lombard Odier’s extensive capabilities and expertise in sustainability research, we are confident in our ability to deliver innovative solutions that meet the evolving needs of our clients, underscoring our commitment to driving positive environmental impact through sustainable financial practices,” Atsuhiro Morishima, Deputy Head of Retail & Business Banking Company at Mizuho Financial Group said.
Jean-Pascal Porcherot, Managing Partner at Lombard Odier, highlighted the broader economic impact of this shift: “At Lombard Odier, we believe that system changes resulting from the transition to a more sustainable economy will result in profound changes in business models, value chains, and profit pools. As a high-end investment firm, we have strong sustainability research and investment expertise to help identify the opportunities and risks that are emerging from this transition. We are delighted to partner with Mizuho Financial Group to support clients in Japan who are seeking sustainable long-term value.”
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