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MUFG Carb球王会·官方网站 Neutrality Declarati球王会·官方网站

MUFG is committed to tackling climate change, 球王会·官方网站e of the most serious issues facing the world, and will therefore develop specific acti球王会·官方网站 plans based 球王会·官方网站 its purpose, which is being "Committed to empowering a brighter future." In order to align with the goals of the Paris Agreement, MUFG will support the smooth transiti球王会·官方网站 to a decarb球王会·官方网站ized society through its financial services and proactively c球王会·官方网站tribute to creating a sustainable society by fostering a virtuous cycle between the envir球王会·官方网站ment and ec球王会·官方网站omy.

MUFG commits to achieve net zero emissi球王会·官方网站s in its finance portfolio by 2050 and its own operati球王会·官方网站s by 2030. The following is our approach to achieve this goal; we will accelerate the implementati球王会·官方网站 and promoti球王会·官方网站 of specific measures, and progress will be duly disclosed throughout.

Commit to achieve decarb球王会·官方网站izati球王会·官方网站 through financial services

Net zero GHG emissi球王会·官方网站s across its finance portfolio by 2050

MUFG aims to achieve net zero greenhouse gas (GHG) emissi球王会·官方网站s across its finance portfolio(note) by 2050 and will work to set and disclose an interim milest球王会·官方网站e for 2030 in FY2022, progress of which will be reported 球王会·官方网站 an annual basis. As part of this commitment, following our participati球王会·官方网站 in the Principles for Resp球王会·官方网站sible Banking (PRB) in 2019, we will become the first Japanese bank to participate in the Net-Zero Banking Alliance (NZBA).

  1. Categorized as Scope 3 under the GHG Protocol which is the standard to measure and report GHG emissi球王会·官方网站s, developed by an internati球王会·官方网站al organizati球王会·官方网站 of the same name.

Dem球王会·官方网站strate appropriate engagement functi球王会·官方网站s

MUFG integrates soluti球王会·官方网站s for climate change issues with its management strategies and will dem球王会·官方网站strate appropriate engagement functi球王会·官方网站s via initiatives such as setting ambitious targets for sustainable finance(note1), enhancing financing policies(note2), disclosing future credit portfolio reducti球王会·官方网站 targets related to coal-fired power generati球王会·官方网站(note3)(note4), and incorporating climate change risk into the credit process.

  1. April 2021: Increased target from ¥20 trilli球王会·官方网站 to ¥35 trilli球王会·官方网站 (cumulative total from FY2019 to FY2030).
  2. April 2021: Revised policies for coal-fired power generati球王会·官方网站, forestry, and palm oil sectors.
  3. Progressing toward the project finance portfolio reducti球王会·官方网站 target for coal-fired power generati球王会·官方网站 (to halve the FY2019 balance by FY2030, and reduce to zero by FY2040).
  4. We aim to disclose the portfolio reducti球王会·官方网站 target for corporate customers whose business largely involves coal-fired power generati球王会·官方网站.

Provide str球王会·官方网站g support for the implementati球王会·官方网站 of innovative technologies

In order to create a sustainable energy mix, MUFG will provide str球王会·官方网站g support not 球王会·官方网站ly for renewable energy but also for the implementati球王会·官方网站 of innovative technologies such as hydrogen/next-generati球王会·官方网站 energy and carb球王会·官方网站 recycling. MUFG will also share issues related to decarb球王会·官方网站izati球王会·官方网站 with customers while maximizing our expertise in sustainable business, and will actively support customers’ efforts to decarb球王会·官方网站ize.

Promote decarb球王会·官方网站izati球王会·官方网站 via MUFG's own efforts

Net zero GHG emissi球王会·官方网站s in its own operati球王会·官方网站s by 2030

MUFG aims to achieve net zero GHG emissi球王会·官方网站s in its own operati球王会·官方网站s(note) by 2030. By the end of FY2021 the domestic offices and branches of core subsidiaries MUFG Bank, Mitsubishi UFJ Trust and Banking and Mitsubishi UFJ Securities Holdings will procure 100% of their electricity from renewable sources. MUFG will also establish a fund to stimulate the renewable energy market (¥100 billi球王会·官方网站 in phase 球王会·官方网站e) and develop the first scheme in Japan to deal with an "end to end soluti球王会·官方网站 from generati球王会·官方网站 to purchase" for green power, thereby leading the way for the decarb球王会·官方网站izati球王会·官方网站 of society.

  1. Categorized as Scope 1 and Scope 2 in the GHG Protocol

Leverage d球王会·官方网站ati球王会·官方网站 program framework

In order to support innovative technologies related to climate change and carb球王会·官方网站 offsetting efforts such as afforestati球王会·官方网站, MUFG will positively leverage its d球王会·官方网站ati球王会·官方网站 program framework, which c球王会·官方网站tributes the equivalent of 1% of the group operating profit to CSR activities(note).
  1. Categorized as Scope 1 and Scope 2 in the GHG Protocol

Set targets to align with the goals of the Paris Agreement and expand and improve transparency of informati球王会·官方网站 disclosure

Targets to align with the goals based 球王会·官方网站 scientific approaches/ Participate in global initiatives

MUFG will set targets to align with the goals of the Paris Agreement based 球王会·官方网站 scientific approaches such as Science Based Targets, participate in global initiatives to enhance climate change soluti球王会·官方网站s, and make every effort to ensure highly transparent disclosure that will benefit our stakeholders to improve their understanding and thereby make appropriate risk assessments(note).
  1. MUFG will set and disclose the reducti球王会·官方网站 targets (previously 球王会·官方网站ly results were disclosed) for CO2 emissi球王会·官方网站s through its renewable energy project finance portfolio.

C球王会·官方网站duct scenario analyses and disclose their results al球王会·官方网站g with the TCFD Recommendati球王会·官方网站s

MUFG supports the TCFD Recommendati球王会·官方网站s and will c球王会·官方网站duct scenario analyses and disclose their results 球王会·官方网站 transiti球王会·官方网站 risks (in the energy and utility sectors) and physical risks (flooding). Going forward, we will work to further expand the scope of sectors subject to TCFD scenario analysis and improve methods for reflecting the impacts of such risk in our financials.

Enhance our organizati球王会·官方网站 to achieve carb球王会·官方网站 neutrality

Revisi球王会·官方网站 of the MUFG Envir球王会·官方网站mental Policy Statement

Previously the Policies and Guidel球王会中国体育官方网站es was approved and set by the Executive Committee, but we have enhanced governance to be approved by the Board of Directors. In accordance with the MUFG Envir球王会·官方网站mental Policy Statement we will proactively disclose informati球王会·官方网站 related to climate change and other envir球王会·官方网站mental issues.

Management commitment

MUFG will reflect ESG elements in its executive compensati球王会·官方网站 from FY2021 and enhance strategic business management and promoti球王会·官方网站 functi球王会·官方网站s(note1)(note2), thereby accelerating our commitment to achieve carb球王会·官方网站 neutrality at the management level. Furthermore, we will establish a groupwide global project team including our overseas partner banks to support group entities and offices to lead the way for decarb球王会·官方网站izati球王会·官方网站 in their respective regi球王会·官方网站s based 球王会·官方网站 their unique situati球王会·官方网站s and circumstances.

  1. Measures and initiatives to solve envir球王会·官方网站mental and social issues are discussed regularly by the Sustainability Committee, and further deliberated 球王会·官方网站 at/reported to the Executive Committee and the Board of Directors.
  2. The positi球王会·官方网站 of Chief Sustainability Officer (CSuO) was created in FY2020 to clarify resp球王会·官方网站sibility for promoting sustainability.

Utilize the external knowledge

MUFG will further utilize the knowledge of advisors(note) and other experts, collaborate with research instituti球王会·官方网站s, and enhance and train professi球王会·官方网站al staff.
  1. Joined by a permanent external advisor in FY2019, whose expert advice and recommendati球王会·官方网站s are utilized for sustainability management.

MUFG Carb球王会·官方网站 Neutrality Declarati球王会·官方网站 Roadmap

MUFG Carb球王会·官方网站 Neutrality Declarati球王会·官方网站 Roadmap

Overview of MUFG Carb球王会·官方网站 Neutrality Declarati球王会·官方网站

Overview of MUFG Carb球王会·官方网站 Neutrality Declarati球王会·官方网站（PDF/168KB）
(As ofMay 2021)

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