Mitsubishi Ufj Financial
Mitsubishi UFJ Financial Group, often referred to as MUFG, is a leading financial institution headquartered in Tokyo, Japan. Established in 2000 through the merger of Mitsubishi Tokyo Financial Group and UFJ Holdings, MUFG has since become a prominent player in the global banking industry, with significant operations across Asia, the Americas, and Europe. As a comprehensive financial services provider, MUFG offers a wide range of products, including commercial banking, trust banking, securities, and asset management. Its unique integration of services allows for tailored financial solutions that meet diverse client needs. With a strong market position, MUFG is recognised for its robust capital base and innovative approach, consistently ranking among the largest financial groups in the world.
DitchCarbon Score
How does Mitsubishi Ufj Financial's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Mitsubishi Ufj Financial's score of 38 is higher than 88% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Mitsubishi Ufj Financial's reported carbon emissions
In 2023, Mitsubishi UFJ Financial Group (MUFG) reported total carbon emissions of approximately 175,000,000 kg CO2e globally, with 54,000,000 kg CO2e attributed to its operations in Japan. These emissions fall under Scope 1 and 2 categories, which encompass direct emissions from owned or controlled sources and indirect emissions from the generation of purchased electricity, respectively. MUFG has set ambitious climate commitments, aiming for a 22% reduction in absolute emissions by 2030 from 2019 levels for both Scope 1 and Scope 2 emissions. Additionally, the company has pledged to achieve net zero emissions in its own operations by 2030 and in its finance portfolio by 2050, as part of its Carbon Neutral Declaration announced in May 2021. The financial institution is also targeting a significant reduction of domestic emissions by two-thirds by fiscal 2025 and aims to reduce global emissions by 50% by fiscal 2026. These initiatives reflect MUFG's commitment to addressing climate change and reducing its carbon footprint in alignment with global sustainability goals.
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| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 11,421,000 | 00,000,000 | 00,000,000 | 0,000,000 | - | - | - | - |
| Scope 2 | 212,282,000 | 000,000,000 | - | - | - | - | - | - |
| Scope 3 | 11,487,000 | 00,000,000 | 00,000,000 | 0,000,000 | - | - | - | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Mitsubishi Ufj Financial is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
