Mizuho Financial Group's response to BHRC's new report on remedy in Saudi Arabia
Regarding your inquiry, we would like to respond as follows.
Due to confidentiality obligations, we cannot respond to questions regarding individual transactions.
Mizuho applies the “Equator Principles” when participating in projects that involve large-scale development or construction. In addition, Mizuho has established and is implementing the “Environmental and Social Management Policy for Financial Activities” for investment and financing in companies and projects that are expected to have a negative impact on the environment and society.
Furthermore, Mizuho has put in place a framework to promote initiatives for respecting human rights in line with the UNGPs. Specifically, under the policy, Mizuho has established a human rights due diligence (HRDD) process and grievance mechanism, implements the identification and assessment of salient human rights issues, prevents and mitigates adverse impacts, implements monitoring of the response status, and ensures transparency through public disclosure.
For details, please refer to the following...