Mitsubishi Ufj Financial Sustainability Profile
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 36 is higher than 56% 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 greenhouse gas emissions of approximately 175,000,000 kg CO2e from Scope 1, while Scope 1 and 2 emissions in Japan reached about 54,000,000 kg CO2e. The company has set ambitious climate commitments, aiming for net-zero greenhouse gas emissions from its own operations (Scope 1 and 2) by 2030. Additionally, MUFG targets a 15% to 28% reduction in absolute Scope 3 emissions by the end of 2030, based on 2019 levels. Historically, MUFG achieved a 32% reduction in absolute greenhouse gas emissions from 2013 levels by 2017, demonstrating its commitment to sustainability. The company also aims for a 22% reduction in absolute GHG emissions in the steel sector by 2030, compared to 2019 levels. Furthermore, MUFG has committed to reducing domestic emissions by two-thirds by fiscal 2025 and global emissions by 50% by fiscal 2026. These initiatives reflect MUFG's proactive approach to addressing climate change and its alignment with global sustainability goals. The emissions data and reduction targets are sourced from Mitsubishi UFJ Financial Group, Inc., ensuring a comprehensive understanding of the organisation's environmental impact and commitments.
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| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 11,344,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | - | - | - | 000,000,000 |
| Scope 2 | 209,604,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | - | - | - | - |
| Scope 3 | 11,792,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | - | - | - | - |
How Carbon Intensive is Mitsubishi Ufj Financial's Industry?
How Carbon Intensive is Mitsubishi Ufj Financial's Location?
Mitsubishi Ufj Financial's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Mitsubishi Ufj Financial has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
