Mizuho expands mid-term finance emission targets

The targets are aimed to be met by FY2030.

Mizuho Financial Group (MFG) has revised its medium-term targets for financed emissions in the oil and gas sector.

In a press release, the Japanese megabank said that it has added companies and projects whose primary business is gas liquefaction and oil refining in its target. 

Previously, it only covered companies and projects whose primary business is in upstream production.

This will allow coverage for nearly all major emissions sources in the value chain, Mizuho said.

The medium-term targets are aimed for FY2030, with FY2019 as the base year.