Beyond their current Strategic Alliance Agreement for private banking, Mizuho Financial corporation, and Lombard Odier Trust (Japan), the Japanese arm of the Swiss corporation Lombard Odier, have expanded their fields of cooperation to include sustainability in a new memorandum of understanding (MOU).

As an extension of the partnership that was established in 2023 between Mizuho and Lombard Odier, the new sustainability alliance demonstrates a dedication to advancing sustainability in Japan. 

With this fresh agreement, Mizuho will broaden its collaboration with Lombard Odier in sustainability and receive access to Lombard Odier’s entire spectrum of sustainability strategies with customised options for clients.

Furthermore, the sustainability alliance will assist Mizuho in refining its sustainable investment services in accordance with worldwide standards, as well as establishing Mizuho as an expert in sustainable finance practices.

Lombard Odier, a worldwide wealth, and asset manager with a strong emphasis on sustainability investment, will serve as Mizuho’s strategic adviser and consulting partner as part of the new sustainability alliance.

In order to create sustainable systems and improve environmental solutions for wealthy consumers in Japan, Lombard Odier will introduce its global sustainability experience to the Japanese market.

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In exchange, Lombard Odier will make use of Mizuho’s extensive network and industry expertise to learn about sustainability in the Japanese market, participate on the creation of investment plans pertaining to sustainability, and increase its nmarket share.  

Japanese customers are becoming more interested in sustainability-related concerns, in keeping with worldwide trends.

Mizuho has been stepping up its sustainability-related projects in order to take advantage of this chance.

In the medium-term business strategy that was unveiled at the start of FY2023, Mizuho has stated its long-term goals for the future, which include achieving individual well-being and a sustainable economy and society.

Since the formation of the first Strategic Alliance agreement, Mizuho has taken advantage of Lombard Odier’s extensive worldwide network, resources, and knowledge to create and provide its customers increasingly advanced goods and services.

Mizuho has improved its talent development strategy through information sharing, while Lombard Odier’s training and capacity-building initiatives have given it insights into private banking.

Atsuhiro Morishima, deputy head of retail & business banking company at Mizuho Financial Group stated: “We are delighted to partner with Lombard Odier to advance sustainability initiatives in Japan’s financial sector. 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.”

Jean-Pascal Porcherot, managing partner at Lombard Odier, said: “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. 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. We are delighted to partner with Mizuho Financial Group to support clients in Japan who are seeking sustainable long-term value.”

Vincent Magnenat, limited partner, Asia regional head and global head of strategic alliances at Lombard Odier, added: “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 as the economy transforms from one that is Wasteful, Idle, Lopsided and Dirty (WILD) to an economy that is Circular, Lean, Inclusive and Clean (CLIC®). By fostering knowledge sharing, we aim to empower Mizuho Financial Group to lead the way in sustainable finance practices in Japan.”