Materiality

Mizuho is advancing sustainability initiatives as a unified group by identifying and including key sustainability areas in its 5–year Business Plan and business plans for specific areas.

Materiality

How we define materiality areas

Areas that include medium-to long-term priority issues for the sustainable growth and development of Mizuho, our clients, our employees, the economy, society, and other stakeholders

image

Close up

Process for identifying materiality

Efforts Related to the Sustainable Development Goals

Sustainability Targets and KPIs

Business (Target/KPI) Results in FY 2022
Industry development & innovation 
Sound economic growth
Environment & Social
  • Sustainable finance/ Environment and climate-related finance
    JPY100 trillion total from FY2019 to FY2030 (of which, JPY50 trillion in environment and climate-related finance)
  • Credit balance for coal–fired power generation providers based on our Environmental and Social Management Policy for Financing and Investment Activity
    By FY2030, reduce by 50% compared to FY2019, and by FY2040 reduce to a balance of zero.
  • Scope 3 (emissions from financing and investment)
    -Electric power sector
    FY2030: 138 to232 kgCO2/MWh
    -Oil and gas sector
    (Scope 1 and 2)FY2030 4.2gCO2/MJ
    (Scope 3) ▲12 to ▲29%(compared to FY2019)
    -Thermal coal mining sector
    FY2030 OECD countries: Zero balance
    FY2040 Non-OECD countries: Zero balance
  • Exposure to high–risk areas within transition risk sectors
    Reduce over the medium to long term
  • Sustainable finance JPY 21.2 trillion
    Total for FY2019 to FY2022
    (of which, JPY 8.1 trillion in environment and climate-related finance)
  • Total for FY2019 to FY2022
    21.4% reduction
    (JPY235.5 billion)
  • FY2021: 353 kgCO2/MWh
    FY2021: 6.52gCO2/MJ
    FY2021: 43.2MtCO2(▲29%)
    FY2021: 1.7MtCO2
  • JPY 1.6 trillion
Declining birthrate and aging
  • Net increase in investment products (Individual investors)
  • Total number of individual customer who use investment products
  • Net increase in publicly offered investment trust assets under management
  • JPY 2508 billion
  • 3.057million customers
  • JPY 438.8 billion
Industry development & innovation
  • Number of clients provided with consulting
  • Number of startup companies supporting
  • 1,830clients
  • 1,645clients

 

Corporate foundations[Target]
Human Resources
Item Target Target
time frame		 Achievement
(March 2023)
Percentage of management positions filled by women General manager equivalent 1,2 14% FY 2025 9%
30% Early 2030s
general manager and manager equivalent 1,2 21% FY2025 19%
30% Early 2030s
Item Level to be achieved continuously Achievement
(FY 2022)
Percentage of management positions outside Japan filled by employees hired outside Japan 3 83% 84%
(March 2023)
Percentage of management positions filled by mid-career hires 4 Current level or above 16%
(March 2023)
Percentage of women in new graduates hired 1 30% 31%5
Percentage of paid annual leave taken by employees 1 70% 78%
Percentage of eligible male employees who take childcare leave 1 100% 104%

1: Japan (Total of Mizuho Financial Group, Mizuho Bank, Mizuho Trust & Banking, Mizuho Securities, and Mizuho Research & Technologies)

2: Each equivalent positions are calculated based on internal job level classification.

3: Ex–Japan (Total of Mizuho Bank, Mizuho Trust & Banking, and Mizuho Securities)

4: Total of Mizuho Financial Group, Mizuho Bank, Mizuho Trust & Banking, Mizuho Securities, and Mizuho Research & Technologies

5: April 2023
Environment & Social
Item・Target Results in FY 2022
  • GHG emissions (Scope 1 and 2) for Seven group companies 6: Carbon neutral by FY2030 (Carbon neutrality to be maintained thereafter)
  • 106,344 tCO2
    (provisional value)
    (–40.8% compared to FY 2019)
  • Green purchasing ratio target for paper of at least 85% 7
  • 100%
  • Reduce 6 group companies7 paper usage in Japan by 1% compared to the previous fiscal year
  • -7.3%

6: Mizuho Financial Group, Mizuho Bank, Mizuho Trust & Banking, Mizuho Securities, Mizuho Research & Technologies, Asset Management One, Mizuho Americas

7: Mizuho Financial Group, Mizuho Bank, Mizuho Trust & Banking, Mizuho Securities, Mizuho Research & Technologies, Asset Management One
Item・Target Total for FY2019 to FY2022
Total financial education participants of 60,000 or more from FY2019 to FY2023 54,023 participants

 

Process for Identifying Materiality

When designating "Materiality" at Mizuho, we consider the expectations of society: expectations various stakeholders maintain towards Mizuho in regard to the social impact and importance for Mizuho: medium– to long–term impact on our corporate value and compatibility with Mizuho's strategies and business areas.

In general, the company shall confirm the necessity of revising the Materiality on a yearly basis.

Image

 

Back to top