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 89% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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 for its global operations, with an additional 54,000,000 kg CO2e for its Japan-based activities. The emissions breakdown includes Scope 1 and 2 emissions, which totalled 175,000,000 kg CO2e globally and 54,000,000 kg CO2e in Japan. Historically, MUFG's emissions have fluctuated, with total emissions recorded at about 209,689,000 kg CO2e in 2016, peaking at 224,439,000 kg CO2e in 2017 before declining to 175,244,000 kg CO2e in 2020. The company has not set specific reduction targets under the Science Based Targets initiative (SBTi) nor has it made any formal climate pledges. MUFG's emissions profile includes significant contributions from Scope 2 emissions, primarily from purchased electricity, which accounted for the majority of their carbon footprint in previous years. The bank's commitment to addressing climate change is evident in its reporting and transparency regarding emissions, although specific reduction initiatives or targets have not been disclosed. Overall, while MUFG has made strides in emissions reporting, further commitments and concrete reduction strategies would enhance its climate action profile.
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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 | 0,000,000 | 00,000,000 | 00,000,000 | - |
| Scope 2 | 212,282,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 00,000,000 | 000,000,000 | - |
| Scope 3 | 11,487,000 | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 00,000 | 0,000,000,000 | - |
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 committed to any reduction initiatives 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.
