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Public Profile
Financial Intermediation
US
updated 2 months ago

MUFG Union Bank, National Association Sustainability Profile

Company website

MUFG Union Bank, National Association, headquartered in the United States, is a prominent player in the banking industry, offering a comprehensive range of financial services. Established in 1864, the bank has evolved significantly, marking key milestones such as its integration with Mitsubishi UFJ Financial Group, which has bolstered its global presence. With a strong operational focus in major regions including California and the Pacific Northwest, MUFG Union Bank provides core products such as commercial banking, wealth management, and investment services. Its commitment to customer-centric solutions and innovative financial products sets it apart in a competitive market. Recognised for its stability and reliability, MUFG Union Bank continues to maintain a solid market position, serving a diverse clientele with tailored financial strategies.

DitchCarbon Score

How does MUFG Union Bank, National Association'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.

43

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.

29

Industry Benchmark

MUFG Union Bank, National Association's score of 43 is higher than 66% of the industry. This can give you a sense of how well the company is doing compared to its peers.

66%

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MUFG Union Bank, National Association's reported carbon emissions

Inherited from U.S. Bancorp

MUFG Union Bank, National Association currently does not have specific carbon emissions data available for the most recent year. The bank's emissions data is cascaded from its parent company, U.S. Bancorp, at a level 1 relationship. As such, any climate commitments or emissions performance metrics would be reflective of U.S. Bancorp's initiatives and targets. At this time, MUFG Union Bank has not established specific reduction targets or climate pledges. The absence of documented reduction initiatives suggests that the bank may still be in the process of developing its climate strategy. As part of the broader financial services industry, MUFG Union Bank is expected to align with emerging climate standards and practices, particularly as stakeholders increasingly demand transparency and accountability regarding carbon emissions. The bank's future commitments may evolve as it integrates more robust sustainability measures and aligns with industry benchmarks.

Unlock detailed emissions data

Access structured emissions data, company-specific emission factors, and source documents

20142017201820192020202120222023
Scope 1
60,412,000
00,000,000
00,000,000
00,000,000
00,000,000
00,000,000
00,000,000
00,000,000
Scope 2
354,799,000
-
-
000,000,000
000,000,000
00,000,000
0,000,000
0,000,000
Scope 3
114,415,000
-
-
-
00,000,000
00,000,000
00,000,000
000,000,000

How Carbon Intensive is MUFG Union Bank, National Association's Industry?

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. MUFG Union Bank, National Association's primary industry is Financial intermediation services, except insurance and pension funding services (65), which is very low in terms of carbon intensity compared to other industries.

How Carbon Intensive is MUFG Union Bank, National Association's Location?

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for MUFG Union Bank, National Association is in US, which has a low grid carbon intensity relative to other regions.

MUFG Union Bank, National Association's Scope 3 Categories Breakdown

MUFG Union Bank, National Association's Scope 3 emissions, which increased by 163% last year and increased by approximately 21% since 2014, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 76% of total emissions under the GHG Protocol, with "Employee Commuting" being the largest emissions source at 41% of Scope 3 emissions.

Top Scope 3 Categories

2023
Employee Commuting
41%
Business Travel
28%
Downstream Leased Assets
15%
Waste Generated in Operations
13%
Upstream Leased Assets
3%

MUFG Union Bank, National Association'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.

MUFG Union Bank, National Association 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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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Where does DitchCarbon data come from?

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