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 42 is higher than 64% 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 globally, comprising 27,000,000 kg CO2e from Scope 1 and 148,000,000 kg CO2e from Scope 2. In Japan, the company’s emissions for Scope 1 and 2 were about 54,000,000 kg CO2e. This reflects a decrease from 2022, when Japan's emissions were approximately 60,000,000 kg CO2e. MUFG has set ambitious climate commitments, aiming for net-zero greenhouse gas emissions from its own operations (Scope 1 and 2) by 2030. Additionally, the company has pledged to reduce absolute greenhouse gas emissions by 15% to 28% by the end of 2030, based on 2019 levels, specifically targeting Scope 3 emissions. Interim targets include a 22% reduction in Scope 1 emissions by 2030 and a 50% reduction in global emissions by fiscal 2026. The company has previously achieved a 32% reduction in absolute greenhouse gas emissions from FY2013 by FY2017, demonstrating its commitment to sustainability. MUFG's climate strategy is supported by its Carbon Neutral Declaration, which outlines its pathway to achieving these targets. Overall, MUFG is actively working towards significant emissions reductions while aligning with global climate 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 | - | - | - | 00,000,000 |
| Scope 2 | 212,282,000 | 000,000,000 | 000,000,000 | 000,000,000 | - | - | - | 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.
