Message from the Group CEO
Mizuho revised our Corporate Identity in May 2023. The new Corporate Philosophy is based on the enduring goal of Mizuho's founders: serving the public interest and pursuing prosperity of our clients, the economy and society. We believe that respect for human rights is an essential for achieving this goal. The impact on human rights through companies' business activities have become extremely complex, due to qualitative change of globalism, the emergence of environmental and social issues, and social transformation accompanying rapid technological
developments. With such changes, human rights due diligence has become even more
important to prevent negative human rights risks and mitigate its impacts.
In carrying out our human rights due diligence based on the revised Human Rights Policy, we have revisit the risk characteristics, the pathway of risk detection and the range of human rights issues spreading across our business. We then further identified the items to be improved in
order to increase effectiveness of our actions and take appropriate measures depending on the
level of risk.
Further, we actively engage with our clients, suppliers, investors and human rights experts and try to enhance our understanding of their policies, practices and expectations. Through this process, we recognized the mutual understanding and co-working with various stakeholders is important to respond to human rights
issues.
In light of our recognition of these challenges and stakeholder perceptions, we will continue to enhance the literacy and ability to take responsive actions of our officers and employees with regards to human rights. And also, we will strengthen various initiatives as we go forward. We will continue to engage in dialogue and collaboration with our stakeholders and contribute to building a better society in which human rights are fully respected.
Masahiro Kihara President & Group CEO Mizuho Financial Group, Inc.
Table of contents
Introduction
Overview of the Mizuho Group | P.4 |
Our Initiatives So Far | P.5 |
Main Areas of Progress since FY2022 | P.6 |
Mizuho's Policy on Respect for Human Rights
Policies and Rules on Respect for Human Rights | P.7 |
Human Rights Policy | P.8 |
Relationship between the Policy and International Standards | P.12 |
Human Rights Policy Development Process | P.13 |
Major Human Rights Issues
Identifying and Assessing Human Rights Issues | P.14 |
Chart for Evaluating Human Rights Issues | P.15 |
Promoting the Respect for Human Rights
System for Promoting Respect for Human Rights | P.16 |
Materiality | P.18 |
Human Rights Due Diligence and Stakeholder Communication
Human Rights Due Diligence Approach | P.19 | |
Responsible Financing and Investment | P.20 | |
Measures in the Provision of Financial Services | P.27 | |
Responsible Procurement | P.29 | |
Efforts to Respect Human Rights of Employees | P.30 | |
Human Rights Awareness Promotion | P.32 | |
Stakeholder Communication | P.33 | |
Grievance Mechanism | ||
Receiving and Responding to Feedbacks / Complaints | P.34 | |
Internal Reporting / Consultation Systems | P.35 | |
Conclusion | ||
Activities and Enhancements since FY2022 | P.36 | |
Future Prospects | P.37 | |
Appendix | ||
Comparison Table of the UN Guiding Principles Reporting Framework | P.38 | |
Environmental and Social Management Policy for Financing and Investment Activity | P.39 | |
Procurement Policy | P.44 | |
Anti-Slavery Statements | P.45 | 3 |
Introduction | Policies | Major human rights issues | Promoting respect for | Human rights due | Grievance mechanism | Conclusion | ||||||
human rights | diligence | |||||||||||
Overview of the Mizuho Group
Mizuho's business domains include banking, trust banking, securities, asset management, research and consulting, and other services. We have established five in-house companies, which determine and promote group-wide strategies across banking, trust banking, securities, and other business areas according to customer segment, as well as two units that support all of the in-house companies. By leveraging these strengths, we will promptly provide clients with services that match their needs.
Mizuho Financial Group
Banking | Trust | |||
(BK) | (TB) | |||
In-house Companies
Retail & Business Banking
Corporate & Investment Banking
Securities | Other | |||
(SC) | ||||
Individual22M customers
Securities1.7M accounts
SME | 94K | |
borrowers, etc. | ||
Global Corporate & Investment Banking
Global Markets
Asset Management
Units
Global Transaction
Research & Consulting
Asset
Management
One
Mizuho
Research &
Technologies
Coverage of listed companies in Japan
Forbes Global 200
(Non-Japanese corporate
clients)*1
No. of offices
No. of employees
80%
90%
Japan:745
Outside Japan:110
(36 countries & regions)
64K
(As of March 2023, round figures)
*1 Top 200 corporations from Forbes Global 2000. | 4 |
Introduction | Policies | Major human rights issues | Promoting respect for | Human rights due | Grievance mechanism | Conclusion | ||||||
human rights | diligence | |||||||||||
Our Initiatives So Far
- Established the Human Rights Policy
- Revised Mizuho Code of Conduct
- Established Policies for Specific Sectors
(Current: Environmental and Social Management Policy for Financing and Investment Activity)
- Began engagement with clients based on the above policies
- Adopted Equator Principles
(Mizuho Bank)
- Singed PRI
(Asset Management One)
- Established the Environmental Policy
- Revised to the Environmental and Social Management Policy for Financing and Investment (Former: Policies for Specific Sectors)
- Set targets for sustainable finance
- Implemented the fourth revision of the Equator Principles (EP4) (Mizuho Bank)
- Revised the Corporate Identity
- Revised DEI Commitment (Former D&I Commitment)
- Introduced grievance mechanism operated by a third-party expert
2003 | 2006 | 2013 | 2016 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
Published D&I Statement | Established the Procurement Policy |
(Current: DEI Commitment) | Joined the 30% Club Japan |
- Signed UN Global Compact
- Signed UNEP FI
- Signed PRI
(Mizuho Trust & Banking)
- Signed PRB (Principles for Responsible Banking)
- Designated key sustainability areas (materiality)
- Established the Basic Policy on Sustainability Initiatives
- Revised the Human Rights Policy
- Reinforced policies and operations in each business in light of the revised Human Rights Policy
- Revised D&I Commitment (Former: D&I Statement)
5
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Disclaimer
Mizuho Financial Group Inc. published this content on 31 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 August 2023 07:47:05 UTC.