November 5, 2024
Mizuho Financial Group, Inc.
Mizuho Bank, Ltd.

Strategic partnership formed between Mizuho and Pollination

Mizuho Bank, Ltd. (President & CEO: Masahiko Kato) and Pollination Global Holdings Limited (Founder & CEO: Martijn Wilder AM; "Pollination") have agreed to form a strategic partnership to support our clients' efforts to implement decarbonisation steps. As part of the agreement, Mizuho Bank has invested USD 20 million for a partial equity stake in Pollination.

1. Purpose of the strategic partnership

Pollination is a specialist climate change investment and advisory firm working to accelerate the transition to a net zero, nature positive future. Launched in 2019, Pollination is a global firm that works with financial institutions, large companies, and governments implementing ambitious transition strategies. It brings together world leaders across a diverse range of fields, including finance, investment, corporate governance and strategy, technology, law, and policy, to unlock sustainable solutions.

The partnership will focus on supporting clients to implement their climate and nature transition strategies. This will include providing strategy and advisory support, access to investment opportunities and assets in transition sectors, and working together to create new approaches to transition and sustainable finance. The partnership will look to specifically support clients as they expand their work and investment on nature, including TNFD readiness, natural capital and biodiversity strategy, and participation in carbon markets.

For decarbonisation and other sustainability issues, Mizuho supports clients in transforming their organizations and social implementation of next-generation technologies, both in the financial and non-financial fields, with an eye toward achieving sustainable growth, increasing corporate value, and strengthening industrial competitiveness. By combining Pollination's global expertise in the climate change advisory area and Mizuho's customer base and industry expertise together with its ability to provide financial solutions, Mizuho will enhance its ability to support clients in development and implementation strategies to address the increasingly globalized and complex issues and needs of clients dealing with climate change.

Mizuho will in collaboration with Pollination strengthen its client support system on a global basis in the area of sustainability.

2. Comments by both companies

• Pollination Global Holdings Limited Founder & CEO Martijn Wilder AM
  Mizuho Bank is a highly sophisticated partner in sustainable finance. This investment is a significant vote of confidence in our business, marking the beginning of a powerful strategic partnership that will accelerate our reach and impact.
   
• Pollination Global Holdings Limited Founder & Executive Chair Tony O'Sullivan
  Given the critical role of finance in unlocking climate change solutions, particularly across Asia, we are delighted to have established such a significant partnership.
   
• Mizuho Financial Group's Group Chief Sustainability Officer Yasuhiko Ushikubo
  Our clients around the world are encountering a broad spectrum of sustainability-related requirements against the backdrop of accelerating change. Supporting them with proven expertise and strategies, applied with a global perspective, is essential. Through this alliance and close partnership with Pollination, we will help our clients develop and implement tactics to navigate these nuanced challenges while helping contribute to resolving climate change issues and realizing a nature-positive future in Asia and the rest of the world.

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