November 11, 2022
LSEG and Mizuho to Collaborate on the Development of Sustainability Solutions
LSEG (London Stock Exchange Group) and Mizuho Financial Group, Inc. (“Mizuho”), one of Japan’s leading global financial institutions, today announced an agreement to collaborate in providing sustainability solutions to the bank’s corporate clients.
The agreement will enable Mizuho to strengthen its offering to customers by combining LSEG’s expertise in innovative ESG and other sustainability solutions with Mizuho’s extensive network and knowledge as a comprehensive financial group. Sustainability, including that related to climate change, the environment, governance and human rights, has become an increasingly important management issue for its clients.
In the first example of this collaboration, Mizuho will support customers in addressing governance and human rights issues by introducing services such as “World-Check One” (*1) and “Due Diligence reports” (*2) in response to Japan's “Guidelines for Respecting Human Rights in Responsible Supply Chains” that the government released in September this year. This will enable its customers to confirm whether or not their suppliers and other business partners have a history of negative human rights impacts, and to efficiently identify and assess the risk of human rights violations in their business activities. It will also help prevent and mitigate such risks.
David Schwimmer, CEO, LSEG said:
“Mizuho is a long-standing valued customer and we are delighted to expand our relationship. We look forward to collaborating with Mizuho as a strategic partner by providing our broad range of sustainability solutions and data to help expand its services.”
Masahiro Kihara, President & Group CEO, Mizuho Financial Group Inc. said:
“We are very pleased to be working with LSEG as a strategic partner. As sustainability becomes a global trend, we are confident that our collaboration with LSEG, which has accumulated a wealth of data and developed solutions on a global basis, will further strengthen Mizuho’s support for our clients’ efforts toward sustainability transformation.”
Mizuho is strengthening its sustainability action efforts to realise a sustainable society. Leveraging its expertise as a comprehensive financial services group, Mizuho is proactively developing and providing a variety of solutions that contribute to the sustainability transformation of its customers.
LSEG is a leading global financial markets infrastructure and data provider, playing a vital social and economic role in the world’s financial system. With trusted expertise and global scale, it enables the sustainable growth and stability of its customers and their communities. At the centre of global financial markets, LSEG is a strategic enabler of sustainable economic growth, by accelerating the just transition to net zero, growing the green economy, and creating inclusive economic opportunity.
(*1) World-Check One: Refinitiv™World-Check® One is a screening platform designed to support, simplify and accelerate your customers’ due diligence needs. It simplifies screening for money laundering, sanctions and terrorist financing, enables detailed monitoring of Politically Exposed Person (PEP) relationships and networks, and is customizable to identify a variety of specific third-party risks.
(*2) Due Diligence reports: Refinitiv Due Diligence reports can provide automated insights, standard and enhanced due diligence. They are suitable for any sector or business size, situated in any location in the world. Based on your organization’s risk-based approach and internal policies you can rate your suppliers and third parties.
About London Stock Exchange Group
LSEG (London Stock Exchange Group) is a leading provider of financial markets infrastructure and a global supplier of data and analytics, news and index products.
We help businesses and economies fund innovation, manage their risk and create jobs by supporting customers at every point in the trade lifecycle – from making pre-trade decisions and executing those trades to raising capital and settlement.
With 23,000 people in 70 countries, we draw on 300 years of knowledge and experience to help drive financial stability, empower economies and enable sustainable growth.
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