{"id":14786,"date":"2023-12-19T14:46:30","date_gmt":"2023-12-19T14:46:30","guid":{"rendered":"https:\/\/www.esgtoday.com\/?p=14786"},"modified":"2023-12-19T14:46:32","modified_gmt":"2023-12-19T14:46:32","slug":"mizuho-launches-framework-to-support-green-projects-in-high-risk-carbon-transition-sectors","status":"publish","type":"post","link":"https:\/\/www.esgtoday.com\/mizuho-launches-framework-to-support-green-projects-in-high-risk-carbon-transition-sectors\/","title":{"rendered":"Mizuho Launches Framework to Support Green Projects in High Risk Carbon Transition Sectors"},"content":{"rendered":"<!--themify_builder_content-->\n<div id=\"themify_builder_content-14786\" data-postid=\"14786\" class=\"themify_builder_content themify_builder_content-14786 themify_builder tf_clear\">\n    <\/div>\n<!--\/themify_builder_content-->\n\n\n<p>Tokyo-based banking and financial services company Mizuho announced a series of climate-focused initiatives, including introducing a new framework aimed at more actively supporting green projects for clients in high-risk areas in carbon-related sectors, and expanding its interim financed emissions reduction targets to the automotive and maritime transport sectors.<\/p>\n\n\n\n<p>The new green project framework, forming part of Mizuho\u2019s response policy for high-risk areas, follows the introduction early this year of a <a href=\"https:\/\/www.esgtoday.com\/mizuho-launches-framework-to-assess-credibility-of-client-climate-transition-strategies\/\">new transition support framework<\/a> aimed at helping the company more proactively supply financing to support clients\u2019 business structure transformation.<\/p>\n\n\n\n<p>While the initial framework focused on enabling support for clients by verifying that their transition strategies met Mizuho\u2019s credibility and transparency criteria, the update expands the framework to allow for more active support for projects that can be confirmed as \u201cgreen projects.\u201d Confirmation criteria to assess green projects include elements recommended through the Loan Market Association\u2019s Green Loan Principles, and include use of loan proceeds, having a process to determine the eligibility of environmental targets and projects, management and tracking of loan proceeds, reporting and transparence, and the client\u2019s policy for addressing transition risks.<\/p>\n\n\n\n<p>Mizuho\u2019s new financed emissions goals include targets to reduce Scope 1 and 2 emissions from the automotive sector by 38% by 2030 on a 2021 basis, and Scope 3 \u201cuse of sold products\u201d emissions from the sector by 31% &#8211; 43%, and to achieve a climate alignment score of 0% or less, with the whole portfolio aligned with a decarbonization trajectory by 2030 for the maritime transport sector, focused on vessel operation, which accounts for the significant majority of the sector\u2019s emissions footprint.<\/p>\n\n\n\n<p>The firm has already set interim financed emissions reduction targets for the power, oil and gas, and thermal coal sectors. Mizuho stated that it also aims to set targets for the steel and real estate sectors this year, to be disclosed in early 2024.<\/p><span class=\"et_bloom_bottom_trigger\"><\/span>","protected":false},"excerpt":{"rendered":"<p>Tokyo-based banking and financial services company Mizuho announced a series of climate-focused initiatives, including introducing a new framework aimed at more actively supporting green projects for clients in high-risk areas in carbon-related sectors, and expanding its interim financed emissions reduction targets to the automotive and maritime transport sectors. The new green project framework, forming part [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":14787,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[30],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Mizuho Launches Framework to Support Green Projects in High Risk Carbon Transition Sectors - ESG Today<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.esgtoday.com\/mizuho-launches-framework-to-support-green-projects-in-high-risk-carbon-transition-sectors\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mizuho Launches Framework to Support Green Projects in High Risk Carbon Transition Sectors - ESG Today\" \/>\n<meta property=\"og:description\" content=\"Tokyo-based banking and financial services company Mizuho announced a series of climate-focused initiatives, including introducing a new framework aimed at more actively supporting green projects for clients in high-risk areas in carbon-related sectors, and expanding its interim financed emissions reduction targets to the automotive and maritime transport sectors. The new green project framework, forming part [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.esgtoday.com\/mizuho-launches-framework-to-support-green-projects-in-high-risk-carbon-transition-sectors\/\" \/>\n<meta property=\"og:site_name\" content=\"ESG Today\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ESGToday\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-12-19T14:46:30+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-12-19T14:46:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.esgtoday.com\/wp-content\/uploads\/2023\/12\/Mizuho.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"949\" \/>\n\t<meta property=\"og:image:height\" content=\"572\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Mark Segal\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@EsgToday\" \/>\n<meta name=\"twitter:site\" content=\"@EsgToday\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mark Segal\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.esgtoday.com\/mizuho-launches-framework-to-support-green-projects-in-high-risk-carbon-transition-sectors\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.esgtoday.com\/mizuho-launches-framework-to-support-green-projects-in-high-risk-carbon-transition-sectors\/\"},\"author\":{\"name\":\"Mark Segal\",\"@id\":\"https:\/\/www.esgtoday.com\/#\/schema\/person\/cca7a2b05e3a06d096e5740fb1433a01\"},\"headline\":\"Mizuho Launches Framework to Support Green Projects in High Risk Carbon Transition Sectors\",\"datePublished\":\"2023-12-19T14:46:30+00:00\",\"dateModified\":\"2023-12-19T14:46:32+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.esgtoday.com\/mizuho-launches-framework-to-support-green-projects-in-high-risk-carbon-transition-sectors\/\"},\"wordCount\":318,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.esgtoday.com\/#organization\"},\"articleSection\":[\"Sustainable Finance\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.esgtoday.com\/mizuho-launches-framework-to-support-green-projects-in-high-risk-carbon-transition-sectors\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.esgtoday.com\/mizuho-launches-framework-to-support-green-projects-in-high-risk-carbon-transition-sectors\/\",\"url\":\"https:\/\/www.esgtoday.com\/mizuho-launches-framework-to-support-green-projects-in-high-risk-carbon-transition-sectors\/\",\"name\":\"Mizuho Launches Framework to Support Green Projects in High Risk Carbon Transition Sectors - 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