Sustainability Management

MUFG has launched a medium-term business plan covering the next three years from FY2024. We have integrated the contribution to address social issues into our management strategies and positioned this as one of the three pillars of the medium-term business plan, and will further strengthen our initiatives in this area.

MUFG has previously established priority issues in our sustainability management to realize a sustainable environment and society. We have revised such priority issues considering environmental changes, expectations from society, and importance to our business. (April 2024)

Pursuing economic and social values is the key to improving corporate value. We identified ten priority issues under the subheads “Sustainable Society,” “Vibrant Society,” and “Resilient Society” and set specific targets as KPIs to strongly promote initiatives for solution of social issues.

In the review of priority issues from FY 2024, we broadly extracted sustainability issues and then narrowed them down by assessing their materiality to both our stakeholders and MUFG. Furthermore, we incorporated opinions from external advisors, investors, employees, and other stakeholders, and made decisions after building up discussions at the management level.

MUFG Bank and Mitsubishi UFJ Trust and Banking have been selected as counterparties of Funds-Supplying Operations to Support Financing for Climate Change Responses (Climate Response Financing Operations)at the Bank of Japan. The following include the criteria for eligible investment or loans for Climate Response Financing Operations by MUFG Bank and MUFG Trust and Banking.

MUFG is the only issuer in Japan with a track record of issuing green, social, and sustainability bonds as one of the largest financial institutions in Japan. The proceeds from bonds issued by MUFG will be used for sustainability-related financing.

 

Green, Social, and Sustainability Bonds

In these rapidly changing times, all of our stakeholders are overcoming challenges to f­ind a way to the next stage, toward sustainable growth. We at MUFG will make every effort to help realize these goals. This will be our unchanging purpose now, and into the future.

MUFG will continue to actively engage in constructive dialogs with stakeholders in order to gain new insights and deepen mutual understanding. We strive to build a relationship of trust and cooperation with our stakeholders by responding appropriately to their concerns and issues, and to help MUFG achieve sustainable growth and enhance its corporate value over the medium to long term.

The ideal state is for MUFG to embody our purpose, and it should be consistent across the mid- to long-term.

MUFG group companies also have the unique ability to build meaningful bridges connecting our diverse stakeholder communities. With these abilities, MUFG intends to play a cohesive societal role by bringing various stakeholder communities together through financial empowerment. This concept is central to embodying our purpose through our new MTBP.

MUFG is focusing on employee capability building and is developing various measures for each employee group. In FY2023, we provided training programs for a total of around 2,000 front office representatives in charge of major corporations to improve their knowledge and expertise, with a focus on climate change, in order to enhance client engagement capabilities. We will continue to support the growth of our employees.

In FY2023, we held internal seminars, communicated sustainability initiatives via our internal website, and launched an internal social media platform to ensure that each MUFG employee has a basic understanding of sustainability and awareness to take action on their own.