Mizuho Financial Group
Primary Climate Goal
Mizuho Financial Group's target annual Scope 1 + 2 emissions for 2031 should be equal to 92 Kt = 50% * 183 Kt, according to the company's stated climate goal.
In order to achieve this goal, Mizuho Financial Group would need to reduce its emissions at least by -7.8 Kt per annum over the period from 2022 to 2031:
-7.8 Kt = ( 92 Kt - 169 Kt ) / (2031 - 2021)
This translates into a -4.6% reduction in 2022.
The projected range shown on the chart is based on the Exerica's algorithm which takes account of both the company's stated goal and its past performance.
Mizuho Financial Group aims to reduce Scope 1 + 2 by 50% by 2031 from a base year 2020
Science Based Targets initiative In October 2021 SBTi developed and launched world's first net zero standard, providing framework and tools for companies to set science-based net zero targets and limit global temperature rise above pre-industrial levels to 1.5 °C.
In October 2021 SBTi developed and launched world's first net zero standard, providing framework and tools for companies to set science-based net zero targets and limit global temperature rise above pre-industrial levels to 1.5 °C.
GHG emissions and Carbon intensity
Mizuho Financial Group reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 March 2021 at 169 Kt (-14 /-7.7% y-o-y).
Mizuho Financial Group's Scope 3 emissions tumbled to 1.4 Kt (
The company is committed to reducing Scope 1 + 2 by 50% by 2031 from a base year 2020, which translates into the estimated reduction of -7.8 Kt per annum over the period of FY2022 - FY2031. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.
Mizuho Financial Group aims to achive carbon neutrality across its operations (Scope 1 + 2) in 2040. Companies normally become carbon neutral with the help of the acquisition of carbon offsets rather than absolute reductions in their own greenhouse emissions. Also, carbon neutrality does not include non-CO2 GHG emissions.