Mizuho Financial Group partners with asset management firms to drive sustainable finance in Japan
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Tokyo-based banking and financial services company Mizuho Financial Group and global wealth and asset manager Lombard Odier have signed a new sustainability alliance agreement.
The new alliance extends the collaboration between Mizuho and Lombard Odier forged in 2023. According to a press release, the partnership aims to drive sustainability advancements in Japan.
Under the new sustainability alliance, Lombard Odier, specializing in sustainability investing, will serve as a strategic advisor and consulting partner to Mizuho. It plans to introduce sustainability frameworks and advanced solutions for high-net-worth clients in Japan.
The press release adds that Lombard Odier will benefit from Mizuho’s robust network and market insights to collaborate on sustainability-focused investment strategies and bolster its footprint in the Japanese market.
Read more: Japan’s Mizuho to invest $13 billion to develop hydrogen technologies
Jean-Pascal Porcherot, Managing Partner at Lombard Odier, said, “We believe that system changes resulting from the transition to a more sustainable economy will profoundly change 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.”
Aligned with worldwide trends, Japanese clients have shown a growing interest in sustainability concerns.
Atsuhiro Morishima, Deputy Head of Retail and Business Banking at Mizuho Financial Group, said, “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.”
Since the initial agreement, the financial group has enhanced its talent development approach and acquired private banking insights through Lombard Odier’s training and capacity-building programs.
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