Mizuho Bank

Mizuho Bank, a financial intermediation services provider headquartered in Japan, reported its latest available emissions data for 2024. In that year, the bank's Scope 1 emissions were approximately 10.4 million kg CO2e, its market-based Scope 2 emissions were around 48 million kg CO2e, and its location-based Scope 2 emissions were about 138.3 million kg CO2e. Key Scope 3 emissions included approximately 636.7 million kg CO2e from capital goods, 29.2 million kg CO2e from fuel and energy-related activities, and 17.7 million kg CO2e from downstream leased assets.

Mizuho Bank has set ambitious climate commitments. The bank aims to achieve carbon neutrality for its Scope 1 and Scope 2 greenhouse gas (GHG) emissions by FY2030. Furthermore, it intends to reduce its Scope 3 GHG emissions from its finance portfolio to net-zero by 2050. Mizuho Bank also targets a 50% reduction by FY2030 in the outstanding credit balance for coal-fired power generation facilities, based on its Environmental and Social Management Policy for Financing and Investment Activity, with a goal of achieving a zero outstanding credit balance by FY2040. The bank also aims for net-zero GHG emissions from international shipping by around 2050. It is important to note that Mizuho Bank's CDP data is sourced from Mizuho Financial Group, Inc.