MUFG’s recognition |
Those who are now students will shape the next generation and, therefore, constitute the foundation of future society. Among them may also be our potential colleagues. Therefore, supporting them is of great importance. |
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Proper education is at the base of social stability and sustainable economic growth. Thus, educational shortfalls can result in a negative heritage of inequality that will be passed down to future generations. The lack of educational opportunity due to economic disadvantage therefore deserves major public attention and needs to be tackled. |
Main Initiatives
Establishing the Ashinaga MUFG Scholarship
Since 2020, MUFG has donated to the Ashinaga Foundation. To create a more meaningful framework for our donations, MUFG established the Ashinaga MUFG Scholarship. This fund provides a lump-sum payment of 300,000 yen to cover expenses required for entrance examinations and enrollment for third-year high school students who aim to enter university, and a benefit of 40,000 yen per month until graduation for university students studying the sciences who face a large tuition burden.
Together with the Ashinaga Foundation, which has provided support for over half a century to children who have lost parents due to illness, disaster, or other causes and children from families with parents unable to engage in sufficient work due to disabilities, we will offer scholarships to motivated students who would otherwise have to abandon their studies and educational advancement for economic reasons. We will work to improve these students' rate of advancement to university education.
Supporting Charities that aim to empower girls in South Africa
MUFG EMEA contributes to solving challenges faced by communities where they operate. This is done through engaging employees to volunteer and fundraise in support of charity partners across the region. One of the major annual fundraisers is the annual Fitprints for Good month-long campaign, which brings together employees across the EMEA region through participating in sporting activities. The campaign helps to raise much-needed funds for local charity partners in effort to support in increasing their positive impact in the local community.
In fiscal year 2022, some of the Fitprints for Good funds were donated to the charitable organisation House Group in Johannesburg. The House Group seeks to empower vulnerable girls aged 12 to 18 who have experienced gender-based violence through providing residential care, medical attention, and training in skills development needed to gain sustainable employment.
The funds were allocated to the establishment of an in-house bakery in the House Group. The project seeks to provide the girls with practical opportunities to build on their work experience, develop skillsets and raise their aspirations for their brighter and successful futures. The bakery has also been beneficial for the wider local community in providing food to over 100 children at a local school, therefore also addressing child poverty and hunger which remains a significant challenge within the region.