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Select an assessment year:

  • Overall approach
    0/10
    • Overarching commitment on deforestation
      0/6
    • Deforestation as a business risk
      0/2
    • Target to reduce emissions in scope 1/2
    • Company must have anti-corruption policy
      0/2
  • Commodity score
    27/90
    • Beef & Leather
      5/90
      • Commitment Strength
        0/31
        • Commodity-specific deforestation financing policy
          0/9.6
          • Commitment details
            No commitment
            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
          0/4.6
          • Commitment details
            No commitment
            0/3
          • 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 monitor operations
          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 conduct risk assessments
          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 specify a cut-off date
          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
        5/27
        • 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
        • Companies must have a grievance mechanism
          5.6/5.6
          • Commitment details
            Required
            4/4
            Commitment details
            Required
            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"
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            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"
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            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"
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            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"
          • 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"
        • 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
        • Companies must resolve land conflicts
          0/1.6
          • Commitment details
            No
          • 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 and Implementation
        0/31
        • Commitments must be timebound
          No
          0/5
        • Companies must disclose subsidiaries in commodity supply chains
          No
          0/4
        • Companies must disclose locations
          No
          0/4
        • Policy is reviewed and updated
          No
          0/2
        • Monitoring and non-compliance process
          No
          0/5
        • Engagement with non-compliant companies
          No
          0/5
        • Reporting on implementation of the policy
          No
          0/6
        • Ethical product in portfolio
          No
    • Palm oil
      40/90
      • Commitment Strength
        21/31
        • Commodity-specific deforestation financing policy
          7.6/9.6
          • Commitment details
            Zero-gross deforestation
            6/8
            Commitment details
            Zero-gross deforestation
            6/8
            "We urge our clients in these sectors to formulate sustainable environmental and human rights 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...We require that all plantations be certified by the Roundtable on Sustainable Palm Oil (RSPO). When a client needs more time to have all their plantations certified by the RSPO, we ask that they formulate a plan with a set deadline to receive the certification. When the client does not have any plans to be certified by the RSPO, we ask that they take measures equivalent to those required for the certification and periodically report the status of said measures. When the client needs more time to establish such measures, we ask that they formulate a plan with a set deadline to do so"
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
            "We urge our clients in these sectors to formulate sustainable environmental and human rights 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...We require that all plantations be certified by the Roundtable on Sustainable Palm Oil (RSPO). When a client needs more time to have all their plantations certified by the RSPO, we ask that they formulate a plan with a set deadline to receive the certification. When the client does not have any plans to be certified by the RSPO, we ask that they take measures equivalent to those required for the certification and periodically report the status of said measures. When the client needs more time to establish such measures, we ask that they formulate a plan with a set deadline to do so"
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "We urge our clients in these sectors to formulate sustainable environmental and human rights 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...We require that all plantations be certified by the Roundtable on Sustainable Palm Oil (RSPO). When a client needs more time to have all their plantations certified by the RSPO, we ask that they formulate a plan with a set deadline to receive the certification. When the client does not have any plans to be certified by the RSPO, we ask that they take measures equivalent to those required for the certification and periodically report the status of said measures. When the client needs more time to establish such measures, we ask that they formulate a plan with a set deadline to do so"
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "We urge our clients in these sectors to formulate sustainable environmental and human rights 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...We require that all plantations be certified by the Roundtable on Sustainable Palm Oil (RSPO). When a client needs more time to have all their plantations certified by the RSPO, we ask that they formulate a plan with a set deadline to receive the certification. When the client does not have any plans to be certified by the RSPO, we ask that they take measures equivalent to those required for the certification and periodically report the status of said measures. When the client needs more time to establish such measures, we ask that they formulate a plan with a set deadline to do so"
          • 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
            "We urge our clients in these sectors to formulate sustainable environmental and human rights 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...We require that all plantations be certified by the Roundtable on Sustainable Palm Oil (RSPO). When a client needs more time to have all their plantations certified by the RSPO, we ask that they formulate a plan with a set deadline to receive the certification. When the client does not have any plans to be certified by the RSPO, we ask that they take measures equivalent to those required for the certification and periodically report the status of said measures. When the client needs more time to establish such measures, we ask that they formulate a plan with a set deadline to do so"
        • Companies must be legally operated
          3.1/4.6
          • Commitment details
            Companies own operations - Required
            1.5/3
            Commitment details
            Companies own operations - Required
            1.5/3
            "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"
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            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"
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            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"
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            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"
          • 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"
        • Companies must monitor operations
          5.4/5.6
          • Commitment details
            Required
            4/4
            Commitment details
            Required
            4/4
            Type of policy: Assurance mechanism

            Certification scheme (if applicable): RSPO
            "We require that all plantations be certified by the Roundtable on Sustainable Palm Oil (RSPO). When a client needs more time to have all their plantations certified by the RSPO, we ask that they formulate a plan with a set deadline to receive the certification. When the client does not have any plans to be certified by the RSPO, we ask that they take measures equivalent to those required for the certification and periodically report the status of said measures. When the client needs more time to establish such measures, we ask that they formulate a plan with a set deadline to do so"
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
            "We require that all plantations be certified by the Roundtable on Sustainable Palm Oil (RSPO). When a client needs more time to have all their plantations certified by the RSPO, we ask that they formulate a plan with a set deadline to receive the certification. When the client does not have any plans to be certified by the RSPO, we ask that they take measures equivalent to those required for the certification and periodically report the status of said measures. When the client needs more time to establish such measures, we ask that they formulate a plan with a set deadline to do so"
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "We require that all plantations be certified by the Roundtable on Sustainable Palm Oil (RSPO). When a client needs more time to have all their plantations certified by the RSPO, we ask that they formulate a plan with a set deadline to receive the certification. When the client does not have any plans to be certified by the RSPO, we ask that they take measures equivalent to those required for the certification and periodically report the status of said measures. When the client needs more time to establish such measures, we ask that they formulate a plan with a set deadline to do so"
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "We require that all plantations be certified by the Roundtable on Sustainable Palm Oil (RSPO). When a client needs more time to have all their plantations certified by the RSPO, we ask that they formulate a plan with a set deadline to receive the certification. When the client does not have any plans to be certified by the RSPO, we ask that they take measures equivalent to those required for the certification and periodically report the status of said measures. When the client needs more time to establish such measures, we ask that they formulate a plan with a set deadline to do so"
          • 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 require that all plantations be certified by the Roundtable on Sustainable Palm Oil (RSPO). When a client needs more time to have all their plantations certified by the RSPO, we ask that they formulate a plan with a set deadline to receive the certification. When the client does not have any plans to be certified by the RSPO, we ask that they take measures equivalent to those required for the certification and periodically report the status of said measures. When the client needs more time to establish such measures, we ask that they formulate a plan with a set deadline to do so"
        • Companies must conduct risk assessments
          5.2/5.6
          • Commitment details
            Required
            4/4
            Commitment details
            Required
            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. [...] Prepare an environmental and social impact assessment report (ESIA)" 
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            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. [...] Prepare an environmental and social impact assessment report (ESIA)" 
          • Policy applies to all deals
            No
            0/0.4
            Policy applies to all deals
            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. [...] Prepare an environmental and social impact assessment report (ESIA)" 
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            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. [...] Prepare an environmental and social impact assessment report (ESIA)" 
          • 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. [...] Prepare an environmental and social impact assessment report (ESIA)" 
        • Companies must specify a cut-off date
          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
        11/27
        • Company must ensure Free, Prior and Informed Consent
          5.6/5.6
          • Commitment details
            Required
            4/4
            Commitment details
            Required
            4/4
            "palm oil...Further, we urge our clients in these sectors to formulate sustainable environmental and human rights 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"
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
            "palm oil...Further, we urge our clients in these sectors to formulate sustainable environmental and human rights 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"
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "palm oil...Further, we urge our clients in these sectors to formulate sustainable environmental and human rights 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"
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "palm oil...Further, we urge our clients in these sectors to formulate sustainable environmental and human rights 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"
          • 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
            "palm oil...Further, we urge our clients in these sectors to formulate sustainable environmental and human rights 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"
        • Companies must have a grievance mechanism
          5.6/5.6
          • Commitment details
            Required
            4/4
            Commitment details
            Required
            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"
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            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"
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            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"
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            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"
          • 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"
        • 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
        • Companies must resolve land conflicts
          0/1.6
          • Commitment details
            No
          • 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 and Implementation
        8/31
        • Commitments must be timebound
          Required
          5/5
          Commitments must be timebound
          Required
          5/5
          What is the length of time the portfolio companies are given to meet their time-bound plans?: Set deadline defined by companies themselves 
          "We require that all plantations be certified by the Roundtable on Sustainable Palm Oil (RSPO). When a client needs more time to have all their plantations certified by the RSPO, we ask that they formulate a plan with a set deadline to receive the certification. When the client does not have any plans to be certified by the RSPO, we ask that they take measures equivalent to those required for the certification and periodically report the status of said measures. When the client needs more time to establish such measures, we ask that they formulate a plan with a set deadline to do so."
        • Companies must disclose subsidiaries in commodity supply chains
          No
          0/4
        • Companies must disclose locations
          No
          0/4
        • Policy is reviewed and updated
          Timeline for review unclear or review conducted less frequently than annually
          1/2
          Policy is reviewed and updated
          Timeline for review unclear or review conducted less frequently than annually
          1/2
          "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."
        • Monitoring and non-compliance process
          No
          0/5
        • Engagement with non-compliant companies
          No
          0/5
        • Reporting on implementation of the policy
          Reports number/proportion of portfolio companies covered by the deforestation policy
          2/6
          Reporting on implementation of the policy
          Reports number/proportion of portfolio companies covered by the deforestation policy
          2/6
          Type of reporting: Financial 

          Proportion of $/portfolio:  ¥2.4trillion (of which ¥1.1 trillion in environmental finance)
          "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"
        • Ethical product in portfolio
          No
    • Soy
      27/90
      • Commitment Strength
        13/31
        • Commodity-specific deforestation financing policy
          7.6/9.6
          • Commitment details
            Zero-gross deforestation
            6/8
            Commitment details
            Zero-gross deforestation
            6/8
            "We recognize that development of large-scale agriculture of soybeans and similar crops (agriculture covering 10,000 ha or more) may entail environmental issues such as deforestation (including forest burning) and damage to biodiversity, in addition to potential human rights abuses such as the violation of indigenous peoples’ rights or the use of child labor... We urge our clients in these sectors to formulate sustainable environmental and human rights 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"
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
            "Large-scale agriculture (soybeans and similar)...Our decisions involve a thorough examination of the client’s measures to address environmental and social issues. We urge our clients in these sectors to formulate sustainable environmental and human rights 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"
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "Large-scale agriculture (soybeans and similar)...Our decisions involve a thorough examination of the client’s measures to address environmental and social issues. We urge our clients in these sectors to formulate sustainable environmental and human rights 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"
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "Large-scale agriculture (soybeans and similar)...Our decisions involve a thorough examination of the client’s measures to address environmental and social issues. We urge our clients in these sectors to formulate sustainable environmental and human rights 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"
          • 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
            "Large-scale agriculture (soybeans and similar)...Our decisions involve a thorough examination of the client’s measures to address environmental and social issues. We urge our clients in these sectors to formulate sustainable environmental and human rights 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"
        • Companies must be legally operated
          0/4.6
          • Commitment details
            No commitment
            0/3
          • 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 monitor operations
          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 conduct risk assessments
          5.6/5.6
          • Commitment details
            Required
            4/4
            Commitment details
            Required
            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. [...] Prepare an environmental and social impact assessment report (ESIA)" 
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            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. [...] Prepare an environmental and social impact assessment report (ESIA)" 
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            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. [...] Prepare an environmental and social impact assessment report (ESIA)" 
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            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. [...] Prepare an environmental and social impact assessment report (ESIA)" 
          • 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. [...] Prepare an environmental and social impact assessment report (ESIA)" 
        • Companies must specify a cut-off date
          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
        11/27
        • Company must ensure Free, Prior and Informed Consent
          5.6/5.6
          • Commitment details
            Required
            4/4
            Commitment details
            Required
            4/4
            "Large-scale agriculture (soybeans and similar)...Further, we urge our clients in these sectors to formulate sustainable environmental and human rights 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."
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
            "Large-scale agriculture (soybeans and similar)...Further, we urge our clients in these sectors to formulate sustainable environmental and human rights 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."
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "Large-scale agriculture (soybeans and similar)...Further, we urge our clients in these sectors to formulate sustainable environmental and human rights 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."
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "Large-scale agriculture (soybeans and similar)...Further, we urge our clients in these sectors to formulate sustainable environmental and human rights 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."
          • 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
            "Large-scale agriculture (soybeans and similar)...Further, we urge our clients in these sectors to formulate sustainable environmental and human rights 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."
        • Companies must have a grievance mechanism
          5.6/5.6
          • Commitment details
            Required
            4/4
            Commitment details
            Required
            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"
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            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"
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            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"
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            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"
          • 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"
        • 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
        • Companies must resolve land conflicts
          0/1.6
          • Commitment details
            No
          • 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 and Implementation
        3/31
        • Commitments must be timebound
          No
          0/5
        • Companies must disclose subsidiaries in commodity supply chains
          No
          0/4
        • Companies must disclose locations
          No
          0/4
        • Policy is reviewed and updated
          Timeline for review unclear or review conducted less frequently than annually
          1/2
          Policy is reviewed and updated
          Timeline for review unclear or review conducted less frequently than annually
          1/2
          "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."
        • Monitoring and non-compliance process
          No
          0/5
        • Engagement with non-compliant companies
          No
          0/5
        • Reporting on implementation of the policy
          Reports number/proportion of portfolio companies covered by the deforestation policy
          2/6
          Reporting on implementation of the policy
          Reports number/proportion of portfolio companies covered by the deforestation policy
          2/6
          "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"
        • Ethical product in portfolio
          No
    • Timber, Pulp & Paper
      37/90
      • Commitment Strength
        15/31
        • Commodity-specific deforestation financing policy
          3.6/9.6
          • Commitment details
            Protects globally important landscapes (including UNESCO World Heritage Sites RAMSAR wetlands IUCN category 1-4 areas protected areas)
            2/8
            Commitment details
            Protects globally important landscapes (including UNESCO World Heritage Sites RAMSAR wetlands IUCN category 1-4 areas protected areas)
            2/8
            "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 UNESCO World Heritage sites, excluding projects that have received prior consent from the relevant national government and UNESCO... While we recognize that palm oil, lumber, pulp, and other forest products are essential commodities for maintaining our lifestyles and infrastructure, we are also aware of the ... environmental issues such as deforestation (including forest burning) and damage to biodiversity. In order to avoid becoming involved in such projects which may inflict ... environmental destruction, ... and we take into consideration whether the client/project ... have been certified for responsible forest management."
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            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 UNESCO World Heritage sites, excluding projects that have received prior consent from the relevant national government and UNESCO. ... While we recognize that palm oil, lumber, pulp, and other forest products are essential commodities for maintaining our lifestyles and infrastructure, we are also aware of the ... environmental issues such as deforestation (including forest burning) and damage to biodiversity. In order to avoid becoming involved in such projects which may inflict ... environmental destruction, ... and we take into consideration whether the client/project ... have been certified for responsible forest management."
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            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 UNESCO World Heritage sites, excluding projects that have received prior consent from the relevant national government and UNESCO. ... While we recognize that palm oil, lumber, pulp, and other forest products are essential commodities for maintaining our lifestyles and infrastructure, we are also aware of the ... environmental issues such as deforestation (including forest burning) and damage to biodiversity. In order to avoid becoming involved in such projects which may inflict ... environmental destruction, ... and we take into consideration whether the client/project ... have been certified for responsible forest management."
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            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 UNESCO World Heritage sites, excluding projects that have received prior consent from the relevant national government and UNESCO. ... While we recognize that palm oil, lumber, pulp, and other forest products are essential commodities for maintaining our lifestyles and infrastructure, we are also aware of the ... environmental issues such as deforestation (including forest burning) and damage to biodiversity. In order to avoid becoming involved in such projects which may inflict ... environmental destruction, ... and we take into consideration whether the client/project ... have been certified for responsible forest management."
          • 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 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 UNESCO World Heritage sites, excluding projects that have received prior consent from the relevant national government and UNESCO. ... While we recognize that palm oil, lumber, pulp, and other forest products are essential commodities for maintaining our lifestyles and infrastructure, we are also aware of the ... environmental issues such as deforestation (including forest burning) and damage to biodiversity. In order to avoid becoming involved in such projects which may inflict ... environmental destruction, ... and we take into consideration whether the client/project ... have been certified for responsible forest management."
        • Companies must be legally operated
          2.6/4.6
          • Commitment details
            Companies own operations - Encouraged
            1/3
            Commitment details
            Companies own operations - Encouraged
            1/3
            "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."  
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            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."  
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            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."  
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            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."  
          • 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."  
        • Companies must monitor operations
          3.6/5.6
          • Commitment details
            Encouraged
            2/4
            Commitment details
            Encouraged
            2/4
            Type of policy: Assurance mechanism
            "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 UNESCO World Heritage sites, excluding projects that have received prior consent from the relevant national government and UNESCO. ... While we recognize that palm oil, lumber, pulp, and other forest products are essential commodities for maintaining our lifestyles and infrastructure, we are also aware of the ... environmental issues such as deforestation (including forest burning) and damage to biodiversity. In order to avoid becoming involved in such projects which may inflict ... environmental destruction, ... and we take into consideration whether the client/project ... have been certified for responsible forest management."
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            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 UNESCO World Heritage sites, excluding projects that have received prior consent from the relevant national government and UNESCO. ... While we recognize that palm oil, lumber, pulp, and other forest products are essential commodities for maintaining our lifestyles and infrastructure, we are also aware of the ... environmental issues such as deforestation (including forest burning) and damage to biodiversity. In order to avoid becoming involved in such projects which may inflict ... environmental destruction, ... and we take into consideration whether the client/project ... have been certified for responsible forest management."
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            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 UNESCO World Heritage sites, excluding projects that have received prior consent from the relevant national government and UNESCO. ... While we recognize that palm oil, lumber, pulp, and other forest products are essential commodities for maintaining our lifestyles and infrastructure, we are also aware of the ... environmental issues such as deforestation (including forest burning) and damage to biodiversity. In order to avoid becoming involved in such projects which may inflict ... environmental destruction, ... and we take into consideration whether the client/project ... have been certified for responsible forest management."
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            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 UNESCO World Heritage sites, excluding projects that have received prior consent from the relevant national government and UNESCO. ... While we recognize that palm oil, lumber, pulp, and other forest products are essential commodities for maintaining our lifestyles and infrastructure, we are also aware of the ... environmental issues such as deforestation (including forest burning) and damage to biodiversity. In order to avoid becoming involved in such projects which may inflict ... environmental destruction, ... and we take into consideration whether the client/project ... have been certified for responsible forest management."
          • 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 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 UNESCO World Heritage sites, excluding projects that have received prior consent from the relevant national government and UNESCO. ... While we recognize that palm oil, lumber, pulp, and other forest products are essential commodities for maintaining our lifestyles and infrastructure, we are also aware of the ... environmental issues such as deforestation (including forest burning) and damage to biodiversity. In order to avoid becoming involved in such projects which may inflict ... environmental destruction, ... and we take into consideration whether the client/project ... have been certified for responsible forest management."
        • Companies must conduct risk assessments
          5.6/5.6
          • Commitment details
            Required
            4/4
            Commitment details
            Required
            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. [...] Prepare an environmental and social impact assessment report (ESIA)" 
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            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. [...] Prepare an environmental and social impact assessment report (ESIA)" 
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            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. [...] Prepare an environmental and social impact assessment report (ESIA)" 
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            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. [...] Prepare an environmental and social impact assessment report (ESIA)" 
          • 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. [...] Prepare an environmental and social impact assessment report (ESIA)" 
        • Companies must specify a cut-off date
          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
        8/27
        • Company must ensure Free, Prior and Informed Consent
          3.4/5.6
          • Commitment details
            Encouraged
            2/4
            Commitment details
            Encouraged
            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." 
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            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." 
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            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." 
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            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." 
          • 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." 
        • Companies must have a grievance mechanism
          5.6/5.6
          • Commitment details
            Required
            4/4
            Commitment details
            Required
            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"
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            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"
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            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"
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            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"
          • 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"
        • 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
        • Companies must resolve land conflicts
          0/1.6
          • Commitment details
            No
          • 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 and Implementation
        13/31
        • Commitments must be timebound
          Encouraged
          2.5/5
          Commitments must be timebound
          Encouraged
          2.5/5
          What is the length of time the portfolio companies are given to meet their time-bound plans?: Immediate
          "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."
        • Companies must disclose subsidiaries in commodity supply chains
          No
          0/4
        • Companies must disclose locations
          No
          0/4
        • Policy is reviewed and updated
          Timeline for review unclear or review conducted less frequently than annually
          1/2
          Policy is reviewed and updated
          Timeline for review unclear or review conducted less frequently than annually
          1/2
          "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."
        • Monitoring and non-compliance process
          Check at time of onboarding
          2.5/5
          Monitoring and non-compliance process
          Check at time of onboarding
          2.5/5
          "In order to avoid becoming involved in such projects which may inflict human rights abuses or environmental destruction, our business decisions involve a thorough examination of whether there are any potential conflicts involving indigenous peoples or local communities, and we take into consideration whether the client/project has received international certifications such as those for responsible forest management. 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."
        • Engagement with non-compliant companies
          Engage with non-compliant companies with a time-bound threat of divestment
          5/5
          Engagement with non-compliant companies
          Engage with non-compliant companies with a time-bound threat of divestment
          5/5
          "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."
        • Reporting on implementation of the policy
          Reports number/proportion of portfolio companies covered by the deforestation policy
          2/6
          Reporting on implementation of the policy
          Reports number/proportion of portfolio companies covered by the deforestation policy
          2/6
          Proportion of $/portfolio: ¥2.4trillion (of which, ¥1.1 trillion in environmental finance

          Type of reporting: Financial
          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"
        • Ethical product in portfolio
          No
  • Commitment strength
    12/31
    Avg. score
  • Reporting and Implementation
    6/31
    Avg. score
  • Social considerations
    9/28
    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 lenders and shareholders to Forest 500 companies, across a broad range of forest risk sectors.

HQ
HQ 
Japan
Financial institution type
Financial institution type 
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.

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.