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 commitment to innovation, making it a trusted partner for individuals and businesses alike.
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.
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.
Mitsubishi Ufj Financial's score of 38 is higher than 80% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2022, Mitsubishi UFJ Financial Group (MUFG) reported total carbon emissions of approximately 1.9 million tonnes CO2e. This figure includes about 31 million tonnes from Scope 1 emissions, which are direct emissions from owned or controlled sources, and around 158 million tonnes from Scope 2 emissions, related to purchased electricity. Notably, their Scope 3 emissions were significantly higher, estimated at approximately 1.3 billion tonnes CO2e, primarily from business travel. Over recent years, MUFG has made strides in reducing its carbon footprint. From 2021 to 2022, the company achieved a reduction in total emissions, reflecting its commitment to sustainability. In 2021, total emissions were reported at about 107.8 million tonnes CO2e, indicating a downward trend. MUFG has set various climate commitments, including participation in the CDP (formerly Carbon Disclosure Project) and achieving a score of A- in 2022, which reflects their ongoing efforts to enhance transparency and accountability in their environmental impact. The company is actively working towards aligning its operations with global climate goals, although specific reduction targets have not been detailed in the available data. Overall, MUFG's emissions data and climate commitments illustrate a proactive approach to addressing climate change, with a focus on reducing both direct and indirect emissions across its operations.
Access structured emissions data, company-specific emission factors, and source documents
Add to project2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |
---|---|---|---|---|---|---|---|
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 |
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 committed to some 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.