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 67% 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 carbon emissions of approximately 54,000,000 kg CO2e for its operations in Japan, while globally, the total emissions reached about 175,000,000 kg CO2e. These figures encompass Scope 1 and Scope 2 emissions, indicating the direct and indirect emissions from their operations. 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 bank has pledged to reduce absolute greenhouse gas emissions by 15% to 28% by the end of 2030, using 2019 levels as a baseline. This includes a specific target of a 22% reduction in absolute emissions from the steel sector by 2030. Historically, MUFG achieved a significant 32% reduction in absolute greenhouse gas emissions from fiscal year 2013 by 2017, demonstrating its commitment to sustainability. The bank is also focused on reducing emissions from its financed portfolio, with a target of achieving net-zero emissions by 2050. Overall, MUFG's climate strategy reflects a proactive approach to addressing climate change, with clear targets and a commitment to transparency in its emissions reporting.
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| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 4,416,230 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | - | - | - | - |
| Scope 2 | 31,685,560 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | - | - | - | - |
| Scope 3 | 11,140,220 | 00,000,000 | 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.
