One of Japan’s leading global financial institutions Mizuho Financial Group, Inc. and London Stock Exchange Group (LSEG) announced a collaboration to support growth in the carbon credit market.
A Voluntary Carbon Market (VCM) has been established by LSEG for designating funds to companies that invest in decarbonization projects expected to generate carbon credits. The generated carbon credits can be issued as dividends allowing investors listed under VCM to secure a long-term supply of carbon credits.
LSEG and Mizuho will work on unlocking opportunities for Mizuho clients to access investment funds and companies that have been listed under VCM. They will also engage in activities such as providing information about carbon credits to Mizuho clients. Mizuho and LSEG view carbon credits as a funding mechanism that can accelerate decarbonization efforts, and through this collaboration, they aim to contribute to global decarbonization initiatives.