Japan’s Mizuho Financial Group wants to cater to the growing demand for international carbon credits among Japanese companies.
Mizuho Financial Group will invest into Climate Impact X (CIX), the Singapore-based global carbon marketplace and exchange. The Japan’s firm will join CIX founding shareholders namely DBS, SGX, Standard Chartered and GenZero.
Through this investment, CIX aims to facilitate cross-border trading and connectivity between Japan and Singapore, according to an announcement. «We aim to provide our customers with reliable and high-quality carbon credits in partnership with CIX, and contribute to the expansion of the carbon credit market in Asia and beyond,» Masahiro Kihara, president and group CEO at Mizuho, said.
The investment is subject to shareholder, corporate and regulatory approvals.
