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MUFG Green Bond Reporting (Issue Date 19-Jul-19)

Allocation of funds (as of the end of March 2020)

The aggregate amount of loans outstanding as of March 31, 2020 to Eligible Green Projects that were funded by the net proceeds from the sale of the MUFG Green Bonds issued in July 2019 was US$714 million (for a total of  projects). By type of electricity generation project, solar photovoltaic power, wind power (offshore), and wind power (onshore) accounted for 18%, 59%, and 23%, respectively. In terms of geographical distribution, United Kingdom represented the largest portion, followed by Japan and Netherlands. (See the charts below for details for your reference.) The foregoing amounts are U.S. dollar equivalent amounts calculated based on the exchange rate between the U.S. dollar and other currencies and as of March 31, 2020.
Allocation of funds by type of electricity generation project
Allocation of funds by geographical distribution

Environmental Impacts (As of the end of March 2020)

The annual energy generation from Eligible Green Projects to which proceeds from the MUFG Green Bonds issued in July 2019 is 16,632 million kWh per year with avoided annual CO2 emissions of 8.38 million tons. MUFG bank's estimated proportion of the CO2 avoidance is 0.74 million tons, which can be obtained as an aggregate amount of multiplying MUFG Bank's share of financing for each eligible green project by CO2 emissions avoided of the project. The annual energy production is calculated based on the below formula with the average capacity factor published by the International Renewable Energy Agency.

 

Annual energy generation (kWh) = capacity of energy generation (kW) × Hours of operation × Average capacity factor (%)

 

The estimated CO2 avoidance is calculated based on the average emission factor published by the International Finance Corporation as below.

 

CO2 emission reductions= Annual energy production (kWh) × Average emission factor (gCO2 / kWh) 

Category Sub category Annual energy generation
(kWh)		 Annual CO2 emissions avoided
(t-CO2)
Renewable Energy Solar photovoltaic power 455,840,266 229,743
(MUFG Bank's proportion
55,003)
Wind (Offshore) 14,351,508,000 7,233,160
(MUFG Bank's proportion
557,197)
Wind (Onshore) 1,824,478,488 919,537
(MUFG Bank's proportion
125,461)
Total 16,631,826,754 8,382,441
(MUFG Bank's proportion
737,662)

Disclosure Policy (conducted in June 2020)

MUFG has received a report on the allocation of amounts equivalent to the net proceeds from the sale of its Green Bond issued in July 2019 from Sustainalytics in the Netherlands, and the CFO of MUFG has provided management assertions with respect to such allocation.

Formosa I Wind Power Co., Ltd

Formosa I consists of 128 MW offshore wind power generation facility and related infrastructure located 2-6km off the coast of Chunan Town, Miaoli County in  Taiwan.
A 20-year power purchase agreement was signed with Taiwan Power Company for power off-take based on the feed-in tariff scheme. The Sponsors include Macquarie Group Ltd., Orsted Investco Ltd., Swancor Holding and JERA.
Formosa I Wind Power Co., Ltd
Formosa I Wind Power Co., Ltd
(As of June 2020) 
Green, Social, and Sustainability Bonds

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