Rainforest Action Network along with 350.org Japan, Friends of the Earth Japan, and Japan Center for Sustainable Environment and Society are ramping up pressure on big banks who continue to finance companies putting people, climate and forests at risk.
Mizuho Bank is one of the leading financiers of rainforest destruction in Southeast Asia, the number one financier of fossil fuel companies in Japan, and a major financier of coal power worldwide. Mizuho’s financing of fossil fuels and rainforest destruction are fueling climate change and endangering both people and the planet.
In the last five years, Mizuho provided billions of dollars in loans and underwriting to companies that are burning some of the most carbon-intensive fossil fuels or converting rainforests into palm oil and pulp & paper. Mizuho’s lending practices are even linked to human rights abuses like child labor on palm oil plantations in Indonesia and Indigenous rights violations for the Dakota Access Pipeline. To make matters worse, unlike other international banks, Mizuho has made no meaningful commitment to address these risks by adopting social and environmental safeguard policies.
Will you stand in solidarity with communities, rainforests and the climate?
Sign the Petition
Tell Mizuho: Stop bankrolling climate change, rainforest destruction and human rights abuses
Read or download the full report:
(English): 2016 ESG Performance Report of Mizuho Financial Group June 2017
(日本語): みずほフィナンシャルグループに関する2016年 ESG 評価レポート
Read the press release:
(June 22): Japanese Banks Failing to Respond to Climate Risks, New Reports Find
(June 23): Mizuho Bank Presented with “2017 Irresponsible Bank Japan Award” in front of Annual Shareholder Meeting
More information on RAN’s finance work:
Banking on Climate Change: Fossil Fuel Finance Report Card 2017