TOKYO, Jan 26, 2023 - (JCN Newswire) - Fujitsu Limited (Fujitsu) and Mizuho Bank, Ltd. (Mizuho Bank) today announced a collaboration focused on the development of services for corporate customers to manage ESG and SDG related data including greenhouse gas emissions.
Figure: Image of the joint project
The joint effort will combine Mizuho Bank's customer networks and knowledge of environmental and energy solutions with Fujitsu's cloud services for visualizing CO2 emissions across the entire supply chain, supporting customers in their efforts towards de-carbonization and to improve the efficiency of their sustainable management strategies.
Responding to the call for urgent climate action
Environmental management represents an increasingly important issue in corporate activities. In addition to financial information, the proactive disclosure of non-financial information, related to environmental and social tasks, has become an important factor in corporate evaluations. At the conclusion of the United Nations Climate Change Conference held in 2021 (COP 26), countries agreed on the "goal of limiting the increase in the global average temperature to well below 2 degrees C above pre-industrial levels and pursuing efforts to limit it to 1.5 degrees C."(1) As countries worldwide are accelerating their de-carbonization efforts, companies are being required to enhance their responses to practical issues including the calculation of GHG emissions.
Mizuho Bank positions initiatives addressing climate change as an important part in its management strategy and is actively engaging in constructive dialogue with its customers in response to their unique challenges and needs. Mizuho Bank is further developing and providing financial products and services to support its customers' efforts to combat climate change and to contribute to the realization of a carbon-free society.
Fujitsu, too, is focusing on climate related issues and is actively working towards the decarbonization of its own operations by utilizing technologies and services that support digital innovation. Fujitsu provides its customers and society with the know-how and technical capabilities gained through its efforts to go carbon neutral via consulting and service solutions that contribute to climate change mitigation and adaptation.
Outline of the joint initiative
Within the joint project, the two companies will leverage Mizuho Bank's customer networks and insights in customers' environmental management issues and needs with Fujitsu's services, including the SaaS based sustainability management information service provided by Fujitsu Japan Co., Ltd. as well as Fujitsu's Manufacturing Industry Solution COLMINA Factory Optimization Dashboard. This will allow the two companies to calculate, visualize and accurately and efficiently analyze GHG emissions to support customers in reducing their carbon footprint.
By making it possible to comprehensively manage various ESG data (non-financial information), including energy consumption, waste management, occupational health and safety and CSR activities, the new service will enable companies to respond to the Japanese Law Concerning the Rational Use of Energy (Energy Conservation Act) and also promptly and accurately disclose information for global reporting standards including CDP(2), TCFD(3), SBT(4) and RE 100(5). In this way, the two companies will contribute to solving customers' environmental management issues and ultimately support clients in enhancing their corporate reputation and attract ESG investment.
Fujitsu and Mizuho Bank will additionally continue cooperation with the aim to develop further services and solutions to support customers in their business.
Mizuho Bank will continue to proactively promote sustainability action to realize a sustainable society. As a comprehensive financial institution, Mizuho Bank provides advisory services and solutions, including financing support through sustainable and environmental finance, that help customers to strengthen their business and transition towards de-carbonization.
Fujitsu will continue to promote "Sustainable Manufacturing," one of the Key Focus Areas of Fujitsu Uvance, to achieve growth through the coexistence of people and the earth.
(1) Goal of limiting the increase in the global average temperature to well below 2 degrees C above pre-industrial levels and pursuing efforts to limit it to 1.5 degrees C
International non-profit organization representing institutional investors that encourages companies to disclose their environmental impact and to take measures to mitigate those impacts.
"Task Force on Climate-related Financial Disclosures"; Disclosure in line with the recommendations of the Task Force on Climate-related Financial Disclosures. Established by the Financial Stability Board (FSB) to examine how to conduct climate-related disclosure and respond to financial institutions.
"Science Based Targets"; In 2015, the Science Based Targets Initiative (SBTi), a joint initiative of organizations including the United Nations Global Compact and the World Resources Institute (WRI), identified targets.
(5) RE 100:
An initiative run in partnership with CDP by The Climate Group, an international NGO. Made up of companies aiming to use 100% renewable energy.
Fujitsu's purpose is to make the world more sustainable by building trust in society through innovation. As the digital transformation partner of choice for customers in over 100 countries, our 124,000 employees work to resolve some of the greatest challenges facing humanity. Our range of services and solutions draw on five key technologies: Computing, Networks, AI, Data & Security, and Converging Technologies, which we bring together to deliver sustainability transformation. Fujitsu Limited (TSE:6702) reported consolidated revenues of 3.6 trillion yen (US$32 billion) for the fiscal year ended March 31, 2022 and remains the top digital services company in Japan by market share. Find out more: www.fujitsu.com.
About Mizuho Bank
Mizuho Bank is a wholly-owned subsidiary of Mizuho Financial Group, Inc., one of the largest, full-service financial institutions in the world, with approximately 60,000 employees in 35 countries/regions outside of Japan, nearly 150 years of banking experience, and assets of almost USD 2 trillion. Mizuho Bank has one of the largest customer bases in Japan, and a global network of financial and business centers.
Public and Investor Relations Division
Corporate Communications Department
Copyright 2023 JCN Newswire. All rights reserved. www.jcnnewswire.com