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Future Action Plan

Future Action Plan

MUFG will continue its efforts to achieve net-zero GHG emissions from its investment and financing portfolio by 2050, as committed in the MUFG Carbon Neutrality Declaration, and will lead the way in addressing climate change, one of the most serious issues that the world faces.

Furthermore, based on the TCFD recommendations, MUFG will continue to address risks and opportunities related to climate change under the supervision of the Board of Directors and disclose the status of such efforts in a timely, appropriate, and proactive manner.

Action Plan for Initiatives to Address Climate Change
Items recommended for disclosure Action plan (during FY2023)
Governance
  • ・The Sustainability Committee deliberates the status of initiatives to address climate change, issues, information disclosure, etc., based on the TCFD recommendations, and then reports to the Executive Committee, which in turn reports to the Board of Directors where the matters are reviewed
  • ・Study of measures based on advice from outside directors and external advisors regarding initiatives to achieve carbon neutrality
Strategy
  • ・Formulation and release of transition plan in line with GFANZ guidance
  • ・Acceleration of efforts including risk management, engagement, and human resource development in line with the transition plan
  • ・Through the publication of the MUFG Transition White Paper 2.0, list key technologies and supply chains for advancing carbon neutrality for electricity and heat in Japan, and enhance the predictability of investments for Japan's initiatives
  • ・Deeper engagement and provision of a variety of solutions based on engagement
  • ・In addition to climate change, enhance initiatives toward biodiversity, natural capital, etc.
  • ・Execution of measures for reduction of GHG emissions from own operations through energy conservation initiatives, switching to renewable energy, etc.
Risk management
  • ・Continuous revision of the finance policy (MUFG Environmental and Social Policy Framework)
  • ・Study of framework for customer evaluation and project decision-making processes, engagement policy, etc. aimed to further strengthen climate change-related risk management
Metrics and Targets
  • ・Additional disclosure of interim targets by sector, as stipulated by the NZBA
  • ・Study of enhancement of Scope 3 (Financed Emissions) disclosure
(As of November 2023)

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