Mizuho Financial

Overall approach

0/16
- Overarching commitment on deforestation
  
  0/14
- Company must have anti-corruption policy
  
  0/2
Commodity score

17/64
- Beef & Leather
  
  5/64
  - Commitment Strength
    
    5/42
    - Commodity-specific financing policy
      
      0/9.6
      - Commitment details
        No
        
        0/8
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        None
        
        0/0.4
    - Companies must be legally operated
      
      0/5.6
      - Commitment details
        No
        
        0/4
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        None
        
        0/0.4
    - Companies must protect priority forests or globally important landscapes
      
      0/9.6
      - Commitment details
        No
        
        0/8
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        None
        
        0/0.4
    - Assurance mechanism to ensure compliance
      
      0/5.6
      - Commitment details
        No
        
        0/4
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        None
        
        0/0.4
    - Companies must have a grievance mechanism
      
      5.2/5.6
      - Commitment details
        Yes - Require
        
        4/4
        
        Commitment details
        
        Yes - Require
        
        4/4
        
        "Clients are expected to meet requirements in response to Project classification of A, B or C, decided based on the degree of impact on environment. [...] Projects with potential significant adverse environmental and social risks and/or impacts that are diverse, irreversible or unprecedented. [...] Establish a grievance mechanism"
        
        Open source document
      - Policy applies to all operations and financing
        All
        
        0.4/0.4
        
        Policy applies to all operations and financing
        
        All
        
        0.4/0.4
        
        "Clients are expected to meet requirements in response to Project classification of A, B or C, decided based on the degree of impact on environment. [...] Projects with potential significant adverse environmental and social risks and/or impacts that are diverse, irreversible or unprecedented. [...] Establish a grievance mechanism"
        
        Open source document
      - Policy applies to all deals
        All
        
        0.4/0.4
        
        Policy applies to all deals
        
        All
        
        0.4/0.4
        
        "Clients are expected to meet requirements in response to Project classification of A, B or C, decided based on the degree of impact on environment. [...] Projects with potential significant adverse environmental and social risks and/or impacts that are diverse, irreversible or unprecedented. [...] Establish a grievance mechanism"
        
        Open source document
      - Policy applies to all companies
        No
        
        0/0.4
        
        Policy applies to all companies
        
        No
        
        0/0.4
        
        "Clients are expected to meet requirements in response to Project classification of A, B or C, decided based on the degree of impact on environment. [...] Projects with potential significant adverse environmental and social risks and/or impacts that are diverse, irreversible or unprecedented. [...] Establish a grievance mechanism"
        
        Open source document
      - Policy applies to all stages of the supply chain
        Producers; Processors; Traders; Manufacturers; Retailers
        
        0.4/0.4
        
        Policy applies to all stages of the supply chain
        
        Producers; Processors; Traders; Manufacturers; Retailers
        
        0.4/0.4
        
        "Clients are expected to meet requirements in response to Project classification of A, B or C, decided based on the degree of impact on environment. [...] Projects with potential significant adverse environmental and social risks and/or impacts that are diverse, irreversible or unprecedented. [...] Establish a grievance mechanism"
        
        Open source document
    - Commitments must be timebound
      
      0/5.6
      - Commitment details
        No
        
        0/4
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        None
        
        0/0.4
  - Social Considerations
    
    0/22
    - Company must ensure Free, Prior and Informed Consent
      
      0/5.6
      - Commitment details
        No
        
        0/4
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        None
        
        0/0.4
    - Company must respect labour rights
      
      0/5.6
      - Commitment details
        No
        
        0/4
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        None
        
        0/0.4
    - Company must address gender equality issues
      
      0/5.6
      - Commitment details
        No
        
        0/4
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        None
        
        0/0.4
    - Companies must encourage the inclusion of small-scale farmers
      
      0/5.6
      - Commitment details
        No
        
        0/4
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        None
        
        0/0.4
- Palm oil
  
  29/64
  - Commitment Strength
    
    26/42
    - Commodity-specific financing policy
      
      9.6/9.6
      - Commitment details
        Yes
        
        8/8
        
        Commitment details
        
        Yes
        
        8/8
        
        Type of policy: Deforestation-free
        
        "Further, we urge our clients in these sectors to formulate sustainable environmental policy, such as No Deforestation, No Peat, and No Exploitation (NDPE), and to respect Free, Prior, and Informed Consent (FPIC) in relation to local communities."
        
        Open source document
      - Policy applies to all operations and financing
        All
        
        0.4/0.4
        
        Policy applies to all operations and financing
        
        All
        
        0.4/0.4
        
        "Further, we urge our clients in these sectors to formulate sustainable environmental policy, such as No Deforestation, No Peat, and No Exploitation (NDPE), and to respect Free, Prior, and Informed Consent (FPIC) in relation to local communities."
        
        Open source document
      - Policy applies to all deals
        All
        
        0.4/0.4
        
        Policy applies to all deals
        
        All
        
        0.4/0.4
        
        "Further, we urge our clients in these sectors to formulate sustainable environmental policy, such as No Deforestation, No Peat, and No Exploitation (NDPE), and to respect Free, Prior, and Informed Consent (FPIC) in relation to local communities."
        
        Open source document
      - Policy applies to all companies
        All
        
        0.4/0.4
        
        Policy applies to all companies
        
        All
        
        0.4/0.4
        
        "Further, we urge our clients in these sectors to formulate sustainable environmental policy, such as No Deforestation, No Peat, and No Exploitation (NDPE), and to respect Free, Prior, and Informed Consent (FPIC) in relation to local communities."
        
        Open source document
      - Policy applies to all stages of the supply chain
        Producers; Processors; Traders; Manufacturers; Retailers
        
        0.4/0.4
        
        Policy applies to all stages of the supply chain
        
        Producers; Processors; Traders; Manufacturers; Retailers
        
        0.4/0.4
        
        "Further, we urge our clients in these sectors to formulate sustainable environmental policy, such as No Deforestation, No Peat, and No Exploitation (NDPE), and to respect Free, Prior, and Informed Consent (FPIC) in relation to local communities."
        
        Open source document
    - Companies must be legally operated
      
      2.6/5.6
      - Commitment details
        Own operations - Encourage
        
        1/4
        
        Commitment details
        
        Own operations - Encourage
        
        1/4
        
        "In the event that we identify any unlawful act during the term of a transaction, we urge the client to take immediate remedial measures. In the event that the client has not taken appropriate measures to address social issues, we undertake engagement with the client to promote remedial measures and, if the client’s remedial measures are unsatisfactory, we suspend new financing and investment."
        
        Open source document
      - Policy applies to all operations and financing
        All
        
        0.4/0.4
        
        Policy applies to all operations and financing
        
        All
        
        0.4/0.4
        
        "In the event that we identify any unlawful act during the term of a transaction, we urge the client to take immediate remedial measures. In the event that the client has not taken appropriate measures to address social issues, we undertake engagement with the client to promote remedial measures and, if the client’s remedial measures are unsatisfactory, we suspend new financing and investment."
        
        Open source document
      - Policy applies to all deals
        All
        
        0.4/0.4
        
        Policy applies to all deals
        
        All
        
        0.4/0.4
        
        "In the event that we identify any unlawful act during the term of a transaction, we urge the client to take immediate remedial measures. In the event that the client has not taken appropriate measures to address social issues, we undertake engagement with the client to promote remedial measures and, if the client’s remedial measures are unsatisfactory, we suspend new financing and investment."
        
        Open source document
      - Policy applies to all companies
        All
        
        0.4/0.4
        
        Policy applies to all companies
        
        All
        
        0.4/0.4
        
        "In the event that we identify any unlawful act during the term of a transaction, we urge the client to take immediate remedial measures. In the event that the client has not taken appropriate measures to address social issues, we undertake engagement with the client to promote remedial measures and, if the client’s remedial measures are unsatisfactory, we suspend new financing and investment."
        
        Open source document
      - Policy applies to all stages of the supply chain
        Producers; Processors; Traders; Manufacturers; Retailers
        
        0.4/0.4
        
        Policy applies to all stages of the supply chain
        
        Producers; Processors; Traders; Manufacturers; Retailers
        
        0.4/0.4
        
        "In the event that we identify any unlawful act during the term of a transaction, we urge the client to take immediate remedial measures. In the event that the client has not taken appropriate measures to address social issues, we undertake engagement with the client to promote remedial measures and, if the client’s remedial measures are unsatisfactory, we suspend new financing and investment."
        
        Open source document
    - Companies must protect priority forests or globally important landscapes
      
      5/9.6
      - Commitment details
        Globally important - Required
        
        4/8
        
        Commitment details
        
        Globally important - Required
        
        4/8
        
        "In recognition of the serious risks to and adverse impacts on the environment and society, we refuse to engage in transactions related to the following types of projects:  Projects with an adverse impact on wetlands designated as Wetlands of International Importance under the Ramsar Convention.  Projects with an adverse impact on UNESCO World Heritage sites, excluding projects that have received prior consent from the relevant national government and UNESCO.  Projects violating the Convention on International Trade in Endangered Species of Wild Fauna and Flora (Washington Convention), excluding cases permitted under any country’s reservation(s) to the convention."
        
        Open source document
      - Policy applies to all operations and financing
        All
        
        0.4/0.4
        
        Policy applies to all operations and financing
        
        All
        
        0.4/0.4
        
        "In recognition of the serious risks to and adverse impacts on the environment and society, we refuse to engage in transactions related to the following types of projects:  Projects with an adverse impact on wetlands designated as Wetlands of International Importance under the Ramsar Convention.  Projects with an adverse impact on UNESCO World Heritage sites, excluding projects that have received prior consent from the relevant national government and UNESCO.  Projects violating the Convention on International Trade in Endangered Species of Wild Fauna and Flora (Washington Convention), excluding cases permitted under any country’s reservation(s) to the convention."
        
        Open source document
      - Policy applies to all deals
        All
        
        0.4/0.4
        
        Policy applies to all deals
        
        All
        
        0.4/0.4
        
        "In recognition of the serious risks to and adverse impacts on the environment and society, we refuse to engage in transactions related to the following types of projects:  Projects with an adverse impact on wetlands designated as Wetlands of International Importance under the Ramsar Convention.  Projects with an adverse impact on UNESCO World Heritage sites, excluding projects that have received prior consent from the relevant national government and UNESCO.  Projects violating the Convention on International Trade in Endangered Species of Wild Fauna and Flora (Washington Convention), excluding cases permitted under any country’s reservation(s) to the convention."
        
        Open source document
      - Policy applies to all companies
        No
        
        0/0.4
        
        Policy applies to all companies
        
        No
        
        0/0.4
        
        "In recognition of the serious risks to and adverse impacts on the environment and society, we refuse to engage in transactions related to the following types of projects:  Projects with an adverse impact on wetlands designated as Wetlands of International Importance under the Ramsar Convention.  Projects with an adverse impact on UNESCO World Heritage sites, excluding projects that have received prior consent from the relevant national government and UNESCO.  Projects violating the Convention on International Trade in Endangered Species of Wild Fauna and Flora (Washington Convention), excluding cases permitted under any country’s reservation(s) to the convention."
        
        Open source document
      - Policy applies to all stages of the supply chain
        Producers; Processors
        
        0.2/0.4
        
        Policy applies to all stages of the supply chain
        
        Producers; Processors
        
        0.2/0.4
        
        "In recognition of the serious risks to and adverse impacts on the environment and society, we refuse to engage in transactions related to the following types of projects:  Projects with an adverse impact on wetlands designated as Wetlands of International Importance under the Ramsar Convention.  Projects with an adverse impact on UNESCO World Heritage sites, excluding projects that have received prior consent from the relevant national government and UNESCO.  Projects violating the Convention on International Trade in Endangered Species of Wild Fauna and Flora (Washington Convention), excluding cases permitted under any country’s reservation(s) to the convention."
        
        Open source document
    - Assurance mechanism to ensure compliance
      
      3.4/5.6
      - Commitment details
        Encourage
        
        2/4
        
        Commitment details
        
        Encourage
        
        2/4
        
        Certification scheme (if applicable): Other
        
        Verification method: Certification Scheme
        
        If Other, specify here: Not clarified
        
        "we take into consideration whether the client/project has received certification for the production of sustainable palm oil or whether they have been certified for responsible forest management."
        
        Open source document
      - Policy applies to all operations and financing
        All
        
        0.4/0.4
        
        Policy applies to all operations and financing
        
        All
        
        0.4/0.4
        
        "we take into consideration whether the client/project has received certification for the production of sustainable palm oil or whether they have been certified for responsible forest management."
        
        Open source document
      - Policy applies to all deals
        All
        
        0.4/0.4
        
        Policy applies to all deals
        
        All
        
        0.4/0.4
        
        "we take into consideration whether the client/project has received certification for the production of sustainable palm oil or whether they have been certified for responsible forest management."
        
        Open source document
      - Policy applies to all companies
        All
        
        0.4/0.4
        
        Policy applies to all companies
        
        All
        
        0.4/0.4
        
        "we take into consideration whether the client/project has received certification for the production of sustainable palm oil or whether they have been certified for responsible forest management."
        
        Open source document
      - Policy applies to all stages of the supply chain
        Producers; Processors
        
        0.2/0.4
        
        Policy applies to all stages of the supply chain
        
        Producers; Processors
        
        0.2/0.4
        
        "we take into consideration whether the client/project has received certification for the production of sustainable palm oil or whether they have been certified for responsible forest management."
        
        Open source document
    - Companies must have a grievance mechanism
      
      5.2/5.6
      - Commitment details
        Yes - Require
        
        4/4
        
        Commitment details
        
        Yes - Require
        
        4/4
        
        "Clients are expected to meet requirements in response to Project classification of A, B or C, decided based on the degree of impact on environment. [...] Projects with potential significant adverse environmental and social risks and/or impacts that are diverse, irreversible or unprecedented. [...] Establish a grievance mechanism"
        
        Open source document
      - Policy applies to all operations and financing
        All
        
        0.4/0.4
        
        Policy applies to all operations and financing
        
        All
        
        0.4/0.4
        
        "Clients are expected to meet requirements in response to Project classification of A, B or C, decided based on the degree of impact on environment. [...] Projects with potential significant adverse environmental and social risks and/or impacts that are diverse, irreversible or unprecedented. [...] Establish a grievance mechanism"
        
        Open source document
      - Policy applies to all deals
        All
        
        0.4/0.4
        
        Policy applies to all deals
        
        All
        
        0.4/0.4
        
        "Clients are expected to meet requirements in response to Project classification of A, B or C, decided based on the degree of impact on environment. [...] Projects with potential significant adverse environmental and social risks and/or impacts that are diverse, irreversible or unprecedented. [...] Establish a grievance mechanism"
        
        Open source document
      - Policy applies to all companies
        No
        
        0/0.4
        
        Policy applies to all companies
        
        No
        
        0/0.4
        
        "Clients are expected to meet requirements in response to Project classification of A, B or C, decided based on the degree of impact on environment. [...] Projects with potential significant adverse environmental and social risks and/or impacts that are diverse, irreversible or unprecedented. [...] Establish a grievance mechanism"
        
        Open source document
      - Policy applies to all stages of the supply chain
        Producers; Processors; Traders; Manufacturers; Retailers
        
        0.4/0.4
        
        Policy applies to all stages of the supply chain
        
        Producers; Processors; Traders; Manufacturers; Retailers
        
        0.4/0.4
        
        "Clients are expected to meet requirements in response to Project classification of A, B or C, decided based on the degree of impact on environment. [...] Projects with potential significant adverse environmental and social risks and/or impacts that are diverse, irreversible or unprecedented. [...] Establish a grievance mechanism"
        
        Open source document
    - Commitments must be timebound
      
      0/5.6
      - Commitment details
        No
        
        0/4
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        None
        
        0/0.4
  - Social Considerations
    
    3/22
    - Company must ensure Free, Prior and Informed Consent
      
      3.4/5.6
      - Commitment details
        Yes - Encourage
        
        2/4
        
        Commitment details
        
        Yes - Encourage
        
        2/4
        
        "Further, we urge our clients in these sectors to formulate sustainable environmental policy, such as No Deforestation, No Peat, and No Exploitation (NDPE), and to respect Free, Prior, and Informed Consent (FPIC) in relation to local communities."
        
        Open source document
      - Policy applies to all operations and financing
        All
        
        0.4/0.4
        
        Policy applies to all operations and financing
        
        All
        
        0.4/0.4
        
        "Further, we urge our clients in these sectors to formulate sustainable environmental policy, such as No Deforestation, No Peat, and No Exploitation (NDPE), and to respect Free, Prior, and Informed Consent (FPIC) in relation to local communities."
        
        Open source document
      - Policy applies to all deals
        All
        
        0.4/0.4
        
        Policy applies to all deals
        
        All
        
        0.4/0.4
        
        "Further, we urge our clients in these sectors to formulate sustainable environmental policy, such as No Deforestation, No Peat, and No Exploitation (NDPE), and to respect Free, Prior, and Informed Consent (FPIC) in relation to local communities."
        
        Open source document
      - Policy applies to all companies
        All
        
        0.4/0.4
        
        Policy applies to all companies
        
        All
        
        0.4/0.4
        
        "Further, we urge our clients in these sectors to formulate sustainable environmental policy, such as No Deforestation, No Peat, and No Exploitation (NDPE), and to respect Free, Prior, and Informed Consent (FPIC) in relation to local communities."
        
        Open source document
      - Policy applies to all stages of the supply chain
        Producers; Processors
        
        0.2/0.4
        
        Policy applies to all stages of the supply chain
        
        Producers; Processors
        
        0.2/0.4
        
        "Further, we urge our clients in these sectors to formulate sustainable environmental policy, such as No Deforestation, No Peat, and No Exploitation (NDPE), and to respect Free, Prior, and Informed Consent (FPIC) in relation to local communities."
        
        Open source document
    - Company must respect labour rights
      
      0/5.6
      - Commitment details
        No
        
        0/4
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        None
        
        0/0.4
    - Company must address gender equality issues
      
      0/5.6
      - Commitment details
        No
        
        0/4
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        None
        
        0/0.4
    - Companies must encourage the inclusion of small-scale farmers
      
      0/5.6
      - Commitment details
        No
        
        0/4
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        None
        
        0/0.4
- Soy
  
  5/64
  - Commitment Strength
    
    5/42
    - Commodity-specific financing policy
      
      0/9.6
      - Commitment details
        No
        
        0/8
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        None
        
        0/0.4
    - Companies must be legally operated
      
      0/5.6
      - Commitment details
        No
        
        0/4
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        None
        
        0/0.4
    - Companies must protect priority forests or globally important landscapes
      
      0/9.6
      - Commitment details
        No
        
        0/8
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        None
        
        0/0.4
    - Assurance mechanism to ensure compliance
      
      0/5.6
      - Commitment details
        No
        
        0/4
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        None
        
        0/0.4
    - Companies must have a grievance mechanism
      
      5.2/5.6
      - Commitment details
        Yes - Require
        
        4/4
        
        Commitment details
        
        Yes - Require
        
        4/4
        
        "Clients are expected to meet requirements in response to Project classification of A, B or C, decided based on the degree of impact on environment. [...] Projects with potential significant adverse environmental and social risks and/or impacts that are diverse, irreversible or unprecedented. [...] Establish a grievance mechanism"
        
        Open source document
      - Policy applies to all operations and financing
        All
        
        0.4/0.4
        
        Policy applies to all operations and financing
        
        All
        
        0.4/0.4
        
        "Clients are expected to meet requirements in response to Project classification of A, B or C, decided based on the degree of impact on environment. [...] Projects with potential significant adverse environmental and social risks and/or impacts that are diverse, irreversible or unprecedented. [...] Establish a grievance mechanism"
        
        Open source document
      - Policy applies to all deals
        All
        
        0.4/0.4
        
        Policy applies to all deals
        
        All
        
        0.4/0.4
        
        "Clients are expected to meet requirements in response to Project classification of A, B or C, decided based on the degree of impact on environment. [...] Projects with potential significant adverse environmental and social risks and/or impacts that are diverse, irreversible or unprecedented. [...] Establish a grievance mechanism"
        
        Open source document
      - Policy applies to all companies
        No
        
        0/0.4
        
        Policy applies to all companies
        
        No
        
        0/0.4
        
        "Clients are expected to meet requirements in response to Project classification of A, B or C, decided based on the degree of impact on environment. [...] Projects with potential significant adverse environmental and social risks and/or impacts that are diverse, irreversible or unprecedented. [...] Establish a grievance mechanism"
        
        Open source document
      - Policy applies to all stages of the supply chain
        Producers; Processors; Traders; Manufacturers; Retailers
        
        0.4/0.4
        
        Policy applies to all stages of the supply chain
        
        Producers; Processors; Traders; Manufacturers; Retailers
        
        0.4/0.4
        
        "Clients are expected to meet requirements in response to Project classification of A, B or C, decided based on the degree of impact on environment. [...] Projects with potential significant adverse environmental and social risks and/or impacts that are diverse, irreversible or unprecedented. [...] Establish a grievance mechanism"
        
        Open source document
    - Commitments must be timebound
      
      0/5.6
      - Commitment details
        No
        
        0/4
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        None
        
        0/0.4
  - Social Considerations
    
    0/22
    - Company must ensure Free, Prior and Informed Consent
      
      0/5.6
      - Commitment details
        No
        
        0/4
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        None
        
        0/0.4
    - Company must respect labour rights
      
      0/5.6
      - Commitment details
        No
        
        0/4
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        None
        
        0/0.4
    - Company must address gender equality issues
      
      0/5.6
      - Commitment details
        No
        
        0/4
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        None
        
        0/0.4
    - Companies must encourage the inclusion of small-scale farmers
      
      0/5.6
      - Commitment details
        No
        
        0/4
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        None
        
        0/0.4
- Timber, Pulp & Paper
  
  29/64
  - Commitment Strength
    
    26/42
    - Commodity-specific financing policy
      
      9.6/9.6
      - Commitment details
        Yes
        
        8/8
        
        Commitment details
        
        Yes
        
        8/8
        
        Type of policy: Deforestation-free
        
        "Further, we urge our clients in these sectors to formulate sustainable environmental policy, such as No Deforestation, No Peat, and No Exploitation (NDPE), and to respect Free, Prior, and Informed Consent (FPIC) in relation to local communities."
        
        Open source document
      - Policy applies to all operations and financing
        All
        
        0.4/0.4
        
        Policy applies to all operations and financing
        
        All
        
        0.4/0.4
        
        "Further, we urge our clients in these sectors to formulate sustainable environmental policy, such as No Deforestation, No Peat, and No Exploitation (NDPE), and to respect Free, Prior, and Informed Consent (FPIC) in relation to local communities."
        
        Open source document
      - Policy applies to all deals
        All
        
        0.4/0.4
        
        Policy applies to all deals
        
        All
        
        0.4/0.4
        
        "Further, we urge our clients in these sectors to formulate sustainable environmental policy, such as No Deforestation, No Peat, and No Exploitation (NDPE), and to respect Free, Prior, and Informed Consent (FPIC) in relation to local communities."
        
        Open source document
      - Policy applies to all companies
        All
        
        0.4/0.4
        
        Policy applies to all companies
        
        All
        
        0.4/0.4
        
        "Further, we urge our clients in these sectors to formulate sustainable environmental policy, such as No Deforestation, No Peat, and No Exploitation (NDPE), and to respect Free, Prior, and Informed Consent (FPIC) in relation to local communities."
        
        Open source document
      - Policy applies to all stages of the supply chain
        Producers; Processors; Traders; Manufacturers; Retailers
        
        0.4/0.4
        
        Policy applies to all stages of the supply chain
        
        Producers; Processors; Traders; Manufacturers; Retailers
        
        0.4/0.4
        
        "Further, we urge our clients in these sectors to formulate sustainable environmental policy, such as No Deforestation, No Peat, and No Exploitation (NDPE), and to respect Free, Prior, and Informed Consent (FPIC) in relation to local communities."
        
        Open source document
    - Companies must be legally operated
      
      2.6/5.6
      - Commitment details
        Own operations - Encourage
        
        1/4
        
        Commitment details
        
        Own operations - Encourage
        
        1/4
        
        "In the event that we identify any unlawful act during the term of a transaction, we urge the client to take immediate remedial measures. In the event that the client has not taken appropriate measures to address social issues, we undertake engagement with the client to promote remedial measures and, if the client’s remedial measures are unsatisfactory, we suspend new financing and investment."
        
        Open source document
      - Policy applies to all operations and financing
        All
        
        0.4/0.4
        
        Policy applies to all operations and financing
        
        All
        
        0.4/0.4
        
        "In the event that we identify any unlawful act during the term of a transaction, we urge the client to take immediate remedial measures. In the event that the client has not taken appropriate measures to address social issues, we undertake engagement with the client to promote remedial measures and, if the client’s remedial measures are unsatisfactory, we suspend new financing and investment."
        
        Open source document
      - Policy applies to all deals
        All
        
        0.4/0.4
        
        Policy applies to all deals
        
        All
        
        0.4/0.4
        
        "In the event that we identify any unlawful act during the term of a transaction, we urge the client to take immediate remedial measures. In the event that the client has not taken appropriate measures to address social issues, we undertake engagement with the client to promote remedial measures and, if the client’s remedial measures are unsatisfactory, we suspend new financing and investment."
        
        Open source document
      - Policy applies to all companies
        All
        
        0.4/0.4
        
        Policy applies to all companies
        
        All
        
        0.4/0.4
        
        "In the event that we identify any unlawful act during the term of a transaction, we urge the client to take immediate remedial measures. In the event that the client has not taken appropriate measures to address social issues, we undertake engagement with the client to promote remedial measures and, if the client’s remedial measures are unsatisfactory, we suspend new financing and investment."
        
        Open source document
      - Policy applies to all stages of the supply chain
        Producers; Processors; Traders; Manufacturers; Retailers
        
        0.4/0.4
        
        Policy applies to all stages of the supply chain
        
        Producers; Processors; Traders; Manufacturers; Retailers
        
        0.4/0.4
        
        "In the event that we identify any unlawful act during the term of a transaction, we urge the client to take immediate remedial measures. In the event that the client has not taken appropriate measures to address social issues, we undertake engagement with the client to promote remedial measures and, if the client’s remedial measures are unsatisfactory, we suspend new financing and investment."
        
        Open source document
    - Companies must protect priority forests or globally important landscapes
      
      5/9.6
      - Commitment details
        Globally important - Required
        
        4/8
        
        Commitment details
        
        Globally important - Required
        
        4/8
        
        "In recognition of the serious risks to and adverse impacts on the environment and society, we refuse to engage in transactions related to the following types of projects:  Projects with an adverse impact on wetlands designated as Wetlands of International Importance under the Ramsar Convention.  Projects with an adverse impact on UNESCO World Heritage sites, excluding projects that have received prior consent from the relevant national government and UNESCO.  Projects violating the Convention on International Trade in Endangered Species of Wild Fauna and Flora (Washington Convention), excluding cases permitted under any country’s reservation(s) to the convention."
        
        Open source document
      - Policy applies to all operations and financing
        All
        
        0.4/0.4
        
        Policy applies to all operations and financing
        
        All
        
        0.4/0.4
        
        "In recognition of the serious risks to and adverse impacts on the environment and society, we refuse to engage in transactions related to the following types of projects:  Projects with an adverse impact on wetlands designated as Wetlands of International Importance under the Ramsar Convention.  Projects with an adverse impact on UNESCO World Heritage sites, excluding projects that have received prior consent from the relevant national government and UNESCO.  Projects violating the Convention on International Trade in Endangered Species of Wild Fauna and Flora (Washington Convention), excluding cases permitted under any country’s reservation(s) to the convention."
        
        Open source document
      - Policy applies to all deals
        All
        
        0.4/0.4
        
        Policy applies to all deals
        
        All
        
        0.4/0.4
        
        "In recognition of the serious risks to and adverse impacts on the environment and society, we refuse to engage in transactions related to the following types of projects:  Projects with an adverse impact on wetlands designated as Wetlands of International Importance under the Ramsar Convention.  Projects with an adverse impact on UNESCO World Heritage sites, excluding projects that have received prior consent from the relevant national government and UNESCO.  Projects violating the Convention on International Trade in Endangered Species of Wild Fauna and Flora (Washington Convention), excluding cases permitted under any country’s reservation(s) to the convention."
        
        Open source document
      - Policy applies to all companies
        No
        
        0/0.4
        
        Policy applies to all companies
        
        No
        
        0/0.4
        
        "In recognition of the serious risks to and adverse impacts on the environment and society, we refuse to engage in transactions related to the following types of projects:  Projects with an adverse impact on wetlands designated as Wetlands of International Importance under the Ramsar Convention.  Projects with an adverse impact on UNESCO World Heritage sites, excluding projects that have received prior consent from the relevant national government and UNESCO.  Projects violating the Convention on International Trade in Endangered Species of Wild Fauna and Flora (Washington Convention), excluding cases permitted under any country’s reservation(s) to the convention."
        
        Open source document
      - Policy applies to all stages of the supply chain
        Producers; Processors
        
        0.2/0.4
        
        Policy applies to all stages of the supply chain
        
        Producers; Processors
        
        0.2/0.4
        
        "In recognition of the serious risks to and adverse impacts on the environment and society, we refuse to engage in transactions related to the following types of projects:  Projects with an adverse impact on wetlands designated as Wetlands of International Importance under the Ramsar Convention.  Projects with an adverse impact on UNESCO World Heritage sites, excluding projects that have received prior consent from the relevant national government and UNESCO.  Projects violating the Convention on International Trade in Endangered Species of Wild Fauna and Flora (Washington Convention), excluding cases permitted under any country’s reservation(s) to the convention."
        
        Open source document
    - Assurance mechanism to ensure compliance
      
      3.4/5.6
      - Commitment details
        Encourage
        
        2/4
        
        Commitment details
        
        Encourage
        
        2/4
        
        If Other, specify here: Not clarified
        
        Certification scheme (if applicable): Other
        
        Verification method: Certification Scheme
        
        "we take into consideration whether the client/project has received certification for the production of sustainable palm oil or whether they have been certified for responsible forest management."
        
        Open source document
      - Policy applies to all operations and financing
        All
        
        0.4/0.4
        
        Policy applies to all operations and financing
        
        All
        
        0.4/0.4
        
        "we take into consideration whether the client/project has received certification for the production of sustainable palm oil or whether they have been certified for responsible forest management."
        
        Open source document
      - Policy applies to all deals
        All
        
        0.4/0.4
        
        Policy applies to all deals
        
        All
        
        0.4/0.4
        
        "we take into consideration whether the client/project has received certification for the production of sustainable palm oil or whether they have been certified for responsible forest management."
        
        Open source document
      - Policy applies to all companies
        All
        
        0.4/0.4
        
        Policy applies to all companies
        
        All
        
        0.4/0.4
        
        "we take into consideration whether the client/project has received certification for the production of sustainable palm oil or whether they have been certified for responsible forest management."
        
        Open source document
      - Policy applies to all stages of the supply chain
        Producers; Processors
        
        0.2/0.4
        
        Policy applies to all stages of the supply chain
        
        Producers; Processors
        
        0.2/0.4
        
        "we take into consideration whether the client/project has received certification for the production of sustainable palm oil or whether they have been certified for responsible forest management."
        
        Open source document
    - Companies must have a grievance mechanism
      
      5.2/5.6
      - Commitment details
        Yes - Require
        
        4/4
        
        Commitment details
        
        Yes - Require
        
        4/4
        
        "Clients are expected to meet requirements in response to Project classification of A, B or C, decided based on the degree of impact on environment. [...] Projects with potential significant adverse environmental and social risks and/or impacts that are diverse, irreversible or unprecedented. [...] Establish a grievance mechanism"
        
        Open source document
      - Policy applies to all operations and financing
        All
        
        0.4/0.4
        
        Policy applies to all operations and financing
        
        All
        
        0.4/0.4
        
        "Clients are expected to meet requirements in response to Project classification of A, B or C, decided based on the degree of impact on environment. [...] Projects with potential significant adverse environmental and social risks and/or impacts that are diverse, irreversible or unprecedented. [...] Establish a grievance mechanism"
        
        Open source document
      - Policy applies to all deals
        All
        
        0.4/0.4
        
        Policy applies to all deals
        
        All
        
        0.4/0.4
        
        "Clients are expected to meet requirements in response to Project classification of A, B or C, decided based on the degree of impact on environment. [...] Projects with potential significant adverse environmental and social risks and/or impacts that are diverse, irreversible or unprecedented. [...] Establish a grievance mechanism"
        
        Open source document
      - Policy applies to all companies
        No
        
        0/0.4
        
        Policy applies to all companies
        
        No
        
        0/0.4
        
        "Clients are expected to meet requirements in response to Project classification of A, B or C, decided based on the degree of impact on environment. [...] Projects with potential significant adverse environmental and social risks and/or impacts that are diverse, irreversible or unprecedented. [...] Establish a grievance mechanism"
        
        Open source document
      - Policy applies to all stages of the supply chain
        Producers; Processors; Traders; Manufacturers; Retailers
        
        0.4/0.4
        
        Policy applies to all stages of the supply chain
        
        Producers; Processors; Traders; Manufacturers; Retailers
        
        0.4/0.4
        
        "Clients are expected to meet requirements in response to Project classification of A, B or C, decided based on the degree of impact on environment. [...] Projects with potential significant adverse environmental and social risks and/or impacts that are diverse, irreversible or unprecedented. [...] Establish a grievance mechanism"
        
        Open source document
    - Commitments must be timebound
      
      0/5.6
      - Commitment details
        No
        
        0/4
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        None
        
        0/0.4
  - Social Considerations
    
    3/22
    - Company must ensure Free, Prior and Informed Consent
      
      3.4/5.6
      - Commitment details
        Yes - Encourage
        
        2/4
        
        Commitment details
        
        Yes - Encourage
        
        2/4
        
        "Further, we urge our clients in these sectors to formulate sustainable environmental policy, such as No Deforestation, No Peat, and No Exploitation (NDPE), and to respect Free, Prior, and Informed Consent (FPIC) in relation to local communities."
        
        Open source document
      - Policy applies to all operations and financing
        All
        
        0.4/0.4
        
        Policy applies to all operations and financing
        
        All
        
        0.4/0.4
        
        "Further, we urge our clients in these sectors to formulate sustainable environmental policy, such as No Deforestation, No Peat, and No Exploitation (NDPE), and to respect Free, Prior, and Informed Consent (FPIC) in relation to local communities."
        
        Open source document
      - Policy applies to all deals
        All
        
        0.4/0.4
        
        Policy applies to all deals
        
        All
        
        0.4/0.4
        
        "Further, we urge our clients in these sectors to formulate sustainable environmental policy, such as No Deforestation, No Peat, and No Exploitation (NDPE), and to respect Free, Prior, and Informed Consent (FPIC) in relation to local communities."
        
        Open source document
      - Policy applies to all companies
        All
        
        0.4/0.4
        
        Policy applies to all companies
        
        All
        
        0.4/0.4
        
        "Further, we urge our clients in these sectors to formulate sustainable environmental policy, such as No Deforestation, No Peat, and No Exploitation (NDPE), and to respect Free, Prior, and Informed Consent (FPIC) in relation to local communities."
        
        Open source document
      - Policy applies to all stages of the supply chain
        Producers; Processors
        
        0.2/0.4
        
        Policy applies to all stages of the supply chain
        
        Producers; Processors
        
        0.2/0.4
        
        "Further, we urge our clients in these sectors to formulate sustainable environmental policy, such as No Deforestation, No Peat, and No Exploitation (NDPE), and to respect Free, Prior, and Informed Consent (FPIC) in relation to local communities."
        
        Open source document
    - Company must respect labour rights
      
      0/5.6
      - Commitment details
        No
        
        0/4
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        None
        
        0/0.4
    - Company must address gender equality issues
      
      0/5.6
      - Commitment details
        No
        
        0/4
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        None
        
        0/0.4
    - Companies must encourage the inclusion of small-scale farmers
      
      0/5.6
      - Commitment details
        No
        
        0/4
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        None
        
        0/0.4
Reporting & Implementation

5/20
- Policy is reviewed and updated
  
  3/5
  
  Policy review
  
  Commit to update policy - Timeline unclear
  
  3/5
  
  "Relevant governing bodies within Mizuho such as our Executive Management Committee and/or Business Policy Committee will regularly review whether our measures related to the risks, sectors, and other factors covered under this policy are appropriate and sufficient, with consideration to changes in the external environment and the results of implementation. Following these reviews, our governing bodies may revise or otherwise make changes to our measures to enhance their implementation."
  
  Open source document
- Companies must disclose subsidiaries in commodity supply chains
  
  0/5
- Monitoring and non-compliance process
  
  0/5
- Reporting on implementation of the policy
  
  3/5
  
  Reporting
  
  Yes - Less than Annually or ad hoc
  
  3/5
  
  Numbers: 25% outside Japan,
  
  "Sustainable finance & Environmental finance results FY2019 results total: ¥2.4trillion (of which, ¥1.1 trillion in environmental finance)" The definition of environmental finance "Finance for clients where the intended use of funds is environmental and/or social projects Financing to support and facilitate clients’ response to ESG/SDG-related areas, including financing requiring clients to meet certain related conditions, and providing consulting and assessment of clients’ response to ESG/SDG-related areas"
  
  Open source document
Commitment strength

15/42

Avg. score
Social considerations

2/22

Avg. score

Profile

Mizuho Financial Group Inc. are a financial services group headquartered in Japan serving private, corporate and institutional clients. Their services include banking, securities, trust and asset management, credit cards, private banking, research and venture capital. As of 2017, Mizuho Financial Group Inc.'s total assets amount to over 200 trillion Yen with over 78 trillion Yen in loans. They are among the top 10 lenders to Forest 500 companies, with loans amounting to more than 40 billion USD across a broad range of forest risk sectors. They are also an important shareholder in Forest 500 companies, ranking among the top 60 with shares worth nearly 7 billion USD.

Japan

Financial institution type

Asset management, Bank

How we assess the Forest 500

Investors and lenders need to adopt and implement strong deforestation policies that ensure their investments are not funding the destruction of forests.

All assessments use policies published on financial institution websites, some links may have changed or been removed since the time of assessment.

Full finance sector performance data Forest 500 assessment methodology

More financial institutions

KKR

Jefferies Financial Group, Inc.

Landesbank Baden-Württemberg (LBBW)

28%

National Australia Bank

East West Banking Corporation

Lincoln National Corp.

Disclaimer

This assessment has been carried out following the methodology developed for the Forest 500 project, available here. Please see our disclaimer applicable to all information contained within this site and our terms and conditions for use of data presented on this site.

All assessments use policies published on company and financial institution websites, and while we endeavor to keep them updated some links may have changed or been removed since the time of assessment.

Please contact us with any concerns or feedback about this or other assessments included in the Forest 500.