[ Main contents start here ]

[Strategy] MUFG Carbon Neutrality Declaration

MUFG Carbon Neutrality Declaration

To better contribute to building a sustainable environment and society, MUFG has selected 10 priority environmental and social issues with an eye on better fulfilling society’s expectations in areas where MUFG’s strengths can be applied. One of the priorities we especially focus on is climate change measures and environmental protection. MUFG has taken another step forward by announcing the MUFG Carbon Neutrality Declaration in May 2021. Guided by this declaration, MUFG is implementing group-wide environmental measures globally, aiming to achieve net zero GHG emissions from the financed portfolio by 2050 and net zero GHG emissions from our own operations by 2030.
MUFG Carbon Neutrality Declaration

Approach to Achieving Carbon Neutrality

MUFG aims to achieve its priority goals of net-zero emissions and achievement of the 1.5˚C target in 2050 by supporting a smooth transition to a decarbonized society and contributing to a virtuous cycle for the environment and the economy. To achieve these goals, we believe that not only net-zero emissions from our own group but also decarbonization by customers will be indispensable. We further believe that it is important that we share information on issues with customers through engagement and take steps together toward decarbonization, under an accurate understanding of regional and business characteristics. 
Approach to Achieving Carbon Neutrality

Roadmap for Achieving Carbon Neutrality

In order to achieve carbon neutrality, we are advancing initiatives toward net-zero GHG emissions in our financed portfolio, decarbonization through financing, and net-zero emissions from our own operations, as we take action to meet our targets for 2030, 2040, and 2050.
＜Key Progress in FY2022＞
Key Progress in FY2022

Formulation of a Transition Plan

In FY2023, we plan to develop and release a transition plan in line with the Glasgow Financial Alliance for Net Zero (GFANZ) guidance framework released in November 2022. In addition to our existing activities, we will accelerate initiatives involving risk management, engagement, and human resource development.
Guidance
  • ・GFANZ published the transition planning guidance in Nov 2022
  • ・Voluntary recommendations for developing the net-zero transition plan for financial institutions to achieve 1.5℃target by 2050, consisting of 5 elements and 10 items
  •  

GFANZガイダンスのフレームワーク
Future initiatives
  • ・Accelerate the following initiatives. Organize the overall in the GFANZ guidance framework and announce it
  1. ①Risk management：In addition to the qualitative framework(note), planning to incorporate risk quantification and management models
  2. ②Engagement：Planning to strengthen the structure for integrated management of business risk and incorporating escalation policies, etc.
  3. ③Human resource development：Strengthen ability and skill development at each level. Accelerate culture-building toward net-zero
  1. A framework to check customers' progress toward transition. For progress evaluation, transition strategy, execution capability and feasibility, governance, etc. will be checked.
(As of November 2023)

TOP