Mizuho Financial Group — Ethics Grade C-

Mizuho Financial Group receives an overall ethics grade of C- (44/100) on CancelCo's corporate accountability database. Sector: Financial Services. Market cap: Large Cap.

Category scores

• labor: 65
• privacy: 45
• consumer: 35
• environment: 30
• humanRights: 50

Documented incidents (3)

• Lending to Organized Crime (high, 2013) — Japan's financial regulator penalized Mizuho for failing to stop loans to members of Yakuza crime syndicates and covering up the awareness of these loans.
• Systemic Banking Outages (medium, 2021) — A series of critical technical glitches caused thousands of ATMs to swallow cards and delayed millions of transfers, leading to regulatory reprimands for poor management.
• Financing Coal Expansion (high, 2022) — Targeted by shareholder resolutions for being one of the world's largest lenders to coal power developers despite Japan's net-zero commitments.

Documented good deeds

• Sustainable Finance Target — Increased its sustainable finance target to 100 trillion yen to be achieved by 2030.

Ethical alternatives

• MUFG Bank — Better IT infrastructure stability and more aggressive climate transition plans than Mizuho.