APSAA 亞太永續行動獎(Asia-Pacific Sustainability Action Awards )-Sustainability Action Award SDG8:Bronze
Mizuho Bank, Ltd. Taipei Branch 日商瑞穗銀行股份有限公司台北分公司
Mizuho contributes to achieve environmental and social sustainability and financial inclusion
Achieving net zero in 2050 and pursuing the 1.5 degree target of the Paris Agreement are goals and attitudes for Mizuho. Mizuho has taken a leadership role in Japan's industrial growth strategy, GX (green transformation), and transitions in Asia. We actively strive to participate broadly in discussions about the policies on energy and industry in Japan toward the realization of a low-carbon society and involved in the practical application of new technologies through industry-academia collaboration. Recognizing the role of Asia in global decarbonization, we also support transitions in Asia through public-private partnerships, such as participating in the Just Energy Transition Partnerships (JETP). Mizuho will continue to leverage our domestic and international networks and customer base to spread our decarbonization initiatives in and outside Japan.
In order to demonstrate our intermediary financial functions to create money flow aimed at solving environmental and social issues, Mizuho has set a sustainable finance target of JPY 100 trillion for the cumulative period from FY 2019 to FY 2030, and is focusing on providing the necessary money to address the SDGs to customers who are taking on the challenge of decarbonization. The results are as follows: FY 2022 results: JPY 3.3 trillion, cumulative results: JPY 16.4 trillion.
It is important not only for large companies but also for small and medium-sized companies to make efforts toward sustainable finance. We also believe that efforts not only in Japan but throughout the Asia-Pacific region are essential.
To facilitate the use of sustainable finance by small- and medium-sized companies, Mizuho has developed an evaluation and financing framework that emphasizes versatility and developed unique loan products. Developed the Mizuho Sustainability-Linked Loan Pro, which reduce borrower's burden (acquisition of Second Party Opinion) when setting up a Sustainability Linked Loan (SLL), and the SDGs Promotion Support Loans, which aim to create an opportunity to raise awareness of and address the importance of the SDGs. We accompany efforts by SMEs to address the SDGs, and promote financial inclusion in the area of sustainable finance.
Also, to contribute to the financial inclusion in Asia, Mizuho invested in "Online Mobile Services Joint Stock Company," a digital payments operator in Vietnam, and "Tonik Financial Pte. Ltd," a digital bank in the Philippines. By providing new digital financial services in Asia, starting with Vietnam and the Philippines, we have contributed to the further development of financial inclusion and the retail financial industry in Asia.
In addition, funding for the discontinuous development of technologies in the public and private sectors, as well as for the social implementation of new technologies, is important for achieving carbon neutrality. From a long-term perspective, Mizuho has developed a transition investment facility on its own account with the aim of providing risk money. We believe that supporting customers with equity investments in new challenges that contribute to the realization of a sustainable society, and aim to co-create social value with our customers through the risk sharing of technologies and business models that are in the demonstration and start-up stages, utilizing our industrial and environmental technology knowledge. We began the operation in April 2022, and aims to invest JPY 50 billion over the next 10 years. In fiscal 2022, we made 3 equity investments. (1) Synplogen (Japan), (2) DUAL MOVE (Japan), and (3) MCi Carbon (Australia). By connecting the investee and our bank client, we will lead to the social implementation of new technologies, the creation of business opportunities in our bank, and increasing the investees’ enterprise value.
In order to demonstrate our intermediary financial functions to create money flow aimed at solving environmental and social issues, Mizuho has set a sustainable finance target of JPY 100 trillion for the cumulative period from FY 2019 to FY 2030, and is focusing on providing the necessary money to address the SDGs to customers who are taking on the challenge of decarbonization. The results are as follows: FY 2022 results: JPY 3.3 trillion, cumulative results: JPY 16.4 trillion.
It is important not only for large companies but also for small and medium-sized companies to make efforts toward sustainable finance. We also believe that efforts not only in Japan but throughout the Asia-Pacific region are essential.
To facilitate the use of sustainable finance by small- and medium-sized companies, Mizuho has developed an evaluation and financing framework that emphasizes versatility and developed unique loan products. Developed the Mizuho Sustainability-Linked Loan Pro, which reduce borrower's burden (acquisition of Second Party Opinion) when setting up a Sustainability Linked Loan (SLL), and the SDGs Promotion Support Loans, which aim to create an opportunity to raise awareness of and address the importance of the SDGs. We accompany efforts by SMEs to address the SDGs, and promote financial inclusion in the area of sustainable finance.
Also, to contribute to the financial inclusion in Asia, Mizuho invested in "Online Mobile Services Joint Stock Company," a digital payments operator in Vietnam, and "Tonik Financial Pte. Ltd," a digital bank in the Philippines. By providing new digital financial services in Asia, starting with Vietnam and the Philippines, we have contributed to the further development of financial inclusion and the retail financial industry in Asia.
In addition, funding for the discontinuous development of technologies in the public and private sectors, as well as for the social implementation of new technologies, is important for achieving carbon neutrality. From a long-term perspective, Mizuho has developed a transition investment facility on its own account with the aim of providing risk money. We believe that supporting customers with equity investments in new challenges that contribute to the realization of a sustainable society, and aim to co-create social value with our customers through the risk sharing of technologies and business models that are in the demonstration and start-up stages, utilizing our industrial and environmental technology knowledge. We began the operation in April 2022, and aims to invest JPY 50 billion over the next 10 years. In fiscal 2022, we made 3 equity investments. (1) Synplogen (Japan), (2) DUAL MOVE (Japan), and (3) MCi Carbon (Australia). By connecting the investee and our bank client, we will lead to the social implementation of new technologies, the creation of business opportunities in our bank, and increasing the investees’ enterprise value.