Mitsubishi Ufj Financial

Mitsubishi UFJ Financial, a financial intermediation services company based in JP, reported its Scope 1, 2, and 3 emissions for 2024. Its Scope 1 emissions were 26,807,000 kg CO2e, market-based Scope 2 emissions were 132,605,000 kg CO2e, and Scope 3 emissions totalled 3,497,333,000 kg CO2e. Key categories within Scope 3 included purchased goods and services at 2,579,021,000 kg CO2e, and capital goods at 844,418,000 kg CO2e.

Looking back, in 2023, the company's Scope 1 emissions were 27,424,000 kg CO2e, market-based Scope 2 emissions were 147,968,000 kg CO2e, and Scope 3 emissions were 1,427,088,000 kg CO2e. For 2022, Scope 1 emissions were 31,051,000 kg CO2e, market-based Scope 2 emissions were 158,342,000 kg CO2e, and Scope 3 emissions amounted to 1,150,221,000 kg CO2e.

Mitsubishi UFJ Financial is committed to climate action. It aims to achieve net-zero greenhouse gas emissions in its own operations (Scope 1 and 2) by 2030, a commitment reiterated in several documents from 2021 to 2024. Additionally, the company has a near-term absolute reduction target to cut Scope 3 emissions by 15% to 28% by the end of 2030, compared to 2019 levels. For its own operations, specific targets include a 22% absolute reduction in Scope 1 and Scope 2 emissions from 2019 levels by 2030. Historically, the company achieved a 32% reduction in absolute Scope 1 and Scope 2 greenhouse gas emissions from a 2013 baseline by 2017.