Mizuho introduces new medium-term targets for financed emmissions

The new targets are in the automotive and maritime transport sectors.

Mizuho Financial Group has included responding to climate change as a key pillar of its business strategy, and has introduced new medium-term targets for financed emissions.

The Japanese banking giant has named new targets for the automotive and maritime transport sectors for FY2030.

Mizuho plans to roll-out its targets for the steel and real estate sectors by the end of FY2023.

The bank also clarified its risk control measure to identify and monitor high-risk areas in carbon-related sectors.

Under its  "transition support framework"-- where Mizuho assists its clients in high-risk areas to transform their business structures– the bank’s support has formerly been centering on clients whose transition strategies' credibility and transparency we can confirm. 

Moving forward, Mizuho will provide more active support for projects that can be confirmed as green projects, the bank said.