Fundamental Concept of Social Contribution
Financial institutions have a responsibility to stabilize and maintain the financial system and contribute to the sound growth of society. To this end, we fulfill our social mission as a foundation of society and are striving to contribute to the realization of a sustainable society by solving social issues through financial services.
We will carry out social contribution activities in the following priority areas: "Initiatives to Combat the spread of COVID-19", "Supporting future generations (Education・Sports・Environment)", "Disaster relief" and "Support through the activities of MUFG employees", such as donations and volunteer work, in fields where it is difficult to contribute through financial services or where there is a critical need for society.
Framework for Social Contribution Activities
MUFG has established and operates a framework for providing funds to social contribution activities (such as donations) for an amount equivalent to 0.5% of the Group's net business profit(note1) of the previous fiscal year. The total of the Group companies' contributions related to social contribution activities and this framework amounts to approximately 1% of the Group's net business profit.(note2)
In FY 2020, the Group as a whole contributed 9.16 billion yen. Amid the COVID-19 pandemic, MUFG again strongly recognized the importance of social stability and provided various kinds of support for medical care and students. MUFG will continue to provide more agile and flexible support for areas where it is difficult to contribute through financial services and areas that are truly necessary for society.
- Net business proits after deduction of credit-related costs, etc.
- Donations and support for the control of COVID-19 made this year are included in this framework.