Key Impact Points:

• New MOU between Mizuho and Lombard Odier enhances sustainability collaboration.
• Mizuho gains access to Lombard Odier’s sustainability strategies.
• Joint efforts to drive sustainable finance practices in Japan.

Expanding Collaborative Efforts

Mizuho Financial Group and Lombard Odier Trust have signed a new memorandum of understanding (MOU) to bolster their sustainability initiatives. This MOU extends their existing strategic alliance, emphasizing a mutual commitment to advancing sustainability in Japan.

The expanded collaboration will provide Mizuho with access to Lombard Odier’s comprehensive range of sustainability strategies, tailored solutions for clients, and alignment with international standards. “We are delighted to partner with Lombard Odier to advance sustainability initiatives in Japan’s financial sector,” said Atsuhiro Morishima, Deputy Head of Retail & Business Banking at Mizuho.

Leveraging Global Expertise

As part of this alliance, Lombard Odier will act as a strategic advisor and consulting partner to Mizuho, bringing its global sustainability expertise to the Japanese market. This partnership aims to establish robust sustainability systems and enhance solutions for high-net-worth clients. Jean-Pascal Porcherot, Managing Partner at Lombard Odier, stated, “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.”

Commitment to Sustainability

The new sustainability alliance is a significant step in Mizuho’s long-term vision to realize personal well-being and a sustainable society and economy, as articulated in its medium-term business plan. “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,” Morishima added.

Vincent Magnenat, Limited Partner and Asia Regional Head at Lombard Odier, highlighted the importance of this collaboration: “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.“

Related Article: Mizuho and London Stock Exchange Group Partner to Foster Growth in Carbon Credit Market

Looking Ahead

Mizuho and Lombard Odier will continue working towards realizing a sustainable economy, society, and environment. They aim to offer products and services that meet the diverse needs of Japanese high-net-worth clients and their families, ensuring that both firms remain at the forefront of sustainable finance practices.