Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]Mizuho established a new Sustainability Promotion Committee within our business execution line to discuss and coordinate sustainability-related matters based on outside experts' advice towards further promoting sustainability across the group. The committee met two times in FY2021. The President & Group CEO, Group Chief Strategy Officer, Group Chief Risk Officer, and Group Chief Financial Officer; heads of related companies, units, and groups; and the presidents of principle group companies (Mizuho Bank, Mizuho Trust & Banking, Mizuho Securities) were in attendance and took part in discussions. Also, as mentioned above, we welcomed an outside expert to join and share information at the first meeting of the committee. The topics discussed are detailed below, and include Mizuho's Approach to Achieving Net Zero by 2050 and our climate-related risk management system. Deliberation and decision-making at various committees that takes into account discussions at the Sustainability Promotion Committee.
In addition, at Board of Directors and Risk Committee meetings, constructive discussions are held with outside directors and committee members who have experience and expertise in the fields of sustainability and climate change. Status of oversight discussions related to climate change (Feedback from outside directors and Risk Committee members) are below.
-Regarding Japan's efforts to address climate change risk, and taking into account global standards, it is essential to engage not only with corporate clients but also with governmental agencies and other stakeholders.
-We must carefully consider the impact of engagement, and effective measures must be taken.