Mizuho, Lombard Odier Partner on Sustainable Finance

Mizuho Financial Group and Lombard Odier expand their collaboration with a new focus on sustainability. This builds on their existing alliance for private banking, established in 2023.

The partnership will provide Mizuho with access to Lombard Odier's sustainability expertise. This includes:

• Tailored sustainability strategies for Mizuho's clients

• Aligning Mizuho's sustainable investment offerings with international standards

• Positioning Mizuho as a leader in sustainable finance practices in Japan

Lombard Odier will act as a strategic advisor and consulting partner, leveraging their global experience to:

• Help Mizuho establish strong sustainability practices

• Develop enhanced sustainability solutions for Japan's high-net-worth clients

Growing Demand for Sustainable Investments

Japanese investors are increasingly interested in sustainable investing, aligning with a global trend. Mizuho is responding to this demand by strengthening its sustainability initiatives. Their medium-term business plan, launched in 2023, highlights a long-term vision of a sustainable future for society and the economy.

Building on a Successful Partnership

Since the initial alliance, Mizuho has benefited from Lombard Odier's global network and expertise. This has allowed them to:

• Develop more sophisticated products and services for clients

• Enhance talent development through training and capacity building

Atsuhiro Morishima, Deputy Head of Retail & Business Banking Company at Mizuho Financial Group said, "We are delighted to partner with Lombard Odier to advance sustainability initiatives in Japan's financial sector. By leveraging Lombard Odier's extensive capabilities and expertise in sustainability research, we are confident in our ability to deliver innovative solutions that meet the evolving needs of our clients, underscoring our commitment to driving positive environmental impact through sustainable financial practices."

Jean-Pascal Porcherot, Managing Partner at Lombard Odier, said "At Lombard Odier, we believe that system changes resulting from the transition to a more sustainable economy will result in profound changes in business models, value chains and profit pools. As a high-end investment firm, we have strong sustainability research and investment expertise to help identify the opportunities and risks that are emerging from this transition. We are delighted to partner with Mizuho Financial Group to support clients in Japan who are seeking sustainable long-term value."

Vincent Magnenat, Limited Partner, Asia Regional Head and Global Head of Strategic Alliances at Lombard Odier, said "We are excited to strengthen our relationship with Mizuho Financial Group and further advance sustainability in the Japanese market. Our role as a wealth and asset manager is to assist clients in navigating the risks associated with the transition to sustainability as the economy transforms from one that is Wasteful, Idle, Lopsided and Dirty (WILD) to an economy that is Circular, Lean, Inclusive and Clean (CLIC®). By fostering knowledge sharing, we aim to empower Mizuho Financial Group to lead the way in sustainable finance practices in Japan."

Looking Ahead

Mizuho and Lombard Odier are committed to working together to achieve a sustainable future. They will offer innovative products and services to meet the evolving needs of Japanese high-net-worth clients.

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Source: Mizuho