LSEG and the Mizuho Financial Group have announced an agreement to collaborate in providing sustainability solutions to the bank’s corporate clients.
LSEG says the agreement will enable Mizuho to strengthen its offering to customers by combining LSEG’s expertise in innovative ESG with Mizuho’s extensive network and knowledge as a comprehensive financial group.
In the first example of this collaboration, Mizuho will support customers in addressing governance and human rights issues by introducing services such as “World-Check One” (*1) and “Due Diligence reports” (*2) in response to Japan’s “Guidelines for Respecting Human Rights in Responsible Supply Chains” that the government released in September this year. This will enable its customers to confirm whether or not their suppliers and other business partners have a history of negative human rights impacts, and to efficiently identify and assess the risk of human rights violations in their business activities. It will also help prevent and mitigate such risks.
(*1) World-Check One: Refinitiv™World-Check® One is a screening platform designed to support, simplify and accelerate your customers’ due diligence needs. It simplifies screening for money laundering, sanctions and terrorist financing, enables detailed monitoring of Politically Exposed Person (PEP) relationships and networks, and is customizable to identify a variety of specific third-party risks.
(*2) Due Diligence reports: Refinitiv Due Diligence reports can provide automated insights, standard and enhanced due diligence. They are suitable for any sector or business size, situated in any location in the world. Based on your organization’s risk-based approach and internal policies you can rate your suppliers and third parties.