Their value creation process can be seen below (Figure E).
Figure E: Mizuho’s Value Creation Process for Impact Business 109
Mizuho Financial Group works closely with subsidiaries Mizuho Securities and Mizuho Bank. This collaboration requires intrapreneurship to build internal support for a thoughtful sustainable finance and commitment to risk-taking to address climate change and regional revitalization. The Mizuho Securities team has been exploring ways to support local enterprises, particularly in blue-green economies and biodiversity. Saori Odera, Vice President, Sustainability Promotion Department, also believes that building local partnerships with NPOs is important and acknowledges that this collaboration is new for many nonprofits and corporations. 110 Odera feels an important first step in working at a local level is to analyze stakeholders and better understand their needs and opportunities for collaboration. She explains, “I think it’s very important to identify first your targeted stakeholders, local people in community. This will allow everyone to describe the positive impact that can be created based on real needs and issues. An outside corporation cannot determine that alone. I think we need to enhance the quality of these partnerships by making them more strategic to achieve real impacts.
193
Ten Years in the Making
Powered by FlippingBook