Mitsubishi Ufj Financial

Mitsubishi Ufj Financial's reported carbon emissions

Mitsubishi UFJ Financial (MUFG) is a financial intermediary services provider headquartered in Japan. For the reporting year 2024, MUFG reported total emissions of approximately 3.66 billion kg CO2e. This total comprises approximately 26.8 million kg CO2e for Scope 1, approximately 132.6 million kg CO2e for Scope 2 (market-based), and approximately 3.5 billion kg CO2e for Scope 3. The breakdown of Scope 3 emissions includes approximately 844.4 million kg CO2e for capital goods and 73.9 million kg CO2e for business travel, with purchased goods and services accounting for the largest portion at approximately 2.58 billion kg CO2e. In 2023, MUFG's total emissions were approximately 3.0 billion kg CO2e. This included approximately 27.4 million kg CO2e for Scope 1, approximately 148 million kg CO2e for Scope 2 (market-based), and approximately 1.43 billion kg CO2e for Scope 3. Within Scope 3, capital goods were approximately 855 million kg CO2e, business travel was approximately 49.1 million kg CO2e, and purchased goods and services were approximately 523 million kg CO2e. MUFG has established several climate commitments. By 2030, the company aims to achieve net-zero greenhouse gas (GHG) emissions from its own operations, encompassing Scope 1 and Scope 2 emissions. Furthermore, MUFG is committed to reducing the absolute volume of its Scope 3 total emissions by 15% to 28% by the end of 2030, using 2019 as a baseline. An interim target for 2030 involves a 22% reduction in absolute Scope 2 emissions from the 2019 level. The company also has a long-term goal to achieve net-zero GHG emissions from its financed portfolio by 2050. Historical data indicates achievements such as a 32% reduction in absolute GHG emissions from FY13 to FY17 for both Scope 1 and Scope 2.