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 90% 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 scope 1 and 2 emissions contributing to this figure. In Japan, the company recorded scope 1 and 2 emissions of about 54,000,000 kg CO2e. Over the years, MUFG has demonstrated a commitment to reducing its carbon footprint. In 2022, the total emissions were around 190,000,000 kg CO2e globally, indicating a focus on managing and potentially reducing emissions. However, specific reduction targets or initiatives, such as those aligned with the Science Based Targets initiative (SBTi), have not been disclosed. The company’s emissions profile includes significant contributions from scope 1, which accounted for approximately 31,051,000 kg CO2e in 2022, and scope 2 emissions, which were about 158,342,000 kg CO2e. Scope 3 emissions, while not detailed in the latest data, are also a critical area for financial institutions like MUFG, given their extensive supply chains and business travel activities. MUFG's ongoing efforts reflect a broader industry trend towards sustainability and climate responsibility, although specific commitments or pledges remain unspecified. The financial sector is increasingly recognising the importance of addressing climate change, and MUFG's emissions data highlights its role in this transition.
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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.
