Mizuho Financial Group, Inc. (Group Chairman and Chief Executive Officer: Masahiro Kihara) defines “sustainability”, in terms of what it means to Mizuho, as “the sustained and steady growth of Mizuho, preservation of the environment and the sustainable development and prosperity of the economy, industry, and society in Japan and around the world”, and based on this definition, we integrate related initiatives into the group-wide in our overall business strategy.
The environment surrounding sustainability is changing at a rapid pace, and the challenges faced by Mizuho and our customers are becoming increasingly complex and diverse. We believe that to effectively deal with this situation, we must leverage our technical and industry knowledge, organically linking various centers of excellence within the Mizuho Group, and respond to the changing environment in a flexible and rapid manner. .
As a natural progression of this approach, we have decided to further improve our ability to promote sustainability initiatives across the group, as detailed below.
1. Creation and appointment of a Chief Sustainability Officer (Group CSuO)
We recently created the position of Chief Sustainability Officer (Group CSuO) to promote sustainability initiatives across the Mizuho Group. Mr. Yasuhiko Ushikubo (current position: Head of Research and Advisory Unit) will assume this position from September 1st.
The Group CSuO will not be affiliated with any specific company, unit or internal group, but will report directly to the Group CEO and be responsible for planning and promoting sustainability initiatives for the entire Mizuho Group.
2. Creation of transversal departments linked to sustainable development
We are setting up two new cross-functional departments as of September 1, the Sustainable Business Promotion Department, which will focus on sustainable business planning, and the Sustainability Planning Department, which will focus on establishment of policies. The two new departments will drive sustainability initiatives across the Mizuho Group, consolidating and reorganizing existing sustainability-related planning functions within the Mizuho Group, and will report to the newly created CSuO Group.
In the future, the newly established departments will consolidate and strengthen various medium and long-term knowledge centers and initiatives within the Mizuho Group, and further stimulate future-oriented initiatives to help customers solve problems. related to which they are confronted.
We remain committed to linking common functions within the Mizuho Group, including our banking, fiduciary, securities, research and advisory, asset management and leasing entities, and to providing information financial and non-financial throughout the value chain, from upstream to downstream, in order to contribute to the sustainable growth and creation of value for our customers, the economy and society as a whole .
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