Annual Review of MUFG Green Deposit Framework Completed
NEW YORK, NY, (July 19, 2022) – Mitsubishi UFJ Financial Group ( MUFG) today announced that it has updated its Green Deposit Framework in collaboration with Morningstar Sustainalytics, a leading global provider of Environmental, Social, and Governance (ESG) research, ratings, and data. The goal of the Framework is to ensure that the criteria for financing green assets aligns with the current market practice. In addition, following the February 2021 launch in the United States, Green Deposits are now available for MUFG commercial and corporate clients in Australia, China, Hong Kong, and Japan.
Green Deposits enable MUFG clients to support sustainable projects that benefit the environment. With Green Deposits, clients can place deposits knowing their investments support lending for ESG initiatives. MUFG uses the deposited funds to finance green projects such as energy efficiency, renewable energy, green transport, sustainable food, and greenhouse gas reduction, among many others.
On an annual basis, MUFG’s eligible assets and Green Deposit portfolios are reviewed by Morningstar Sustainalytics to ensure alignment with industry best practices and standards. The first MUFG Green Deposits Framework review for the calendar year 2021 was completed in April 2022.
“As information on environmental matters evolve, MUFG is committed to reviewing the Green Deposit Framework each year, with support from Sustainalytics, to evaluate and determine if any changes need to be made to qualifying activities,” said Olu Adebiyi, Liquidity Product Head, Transaction Banking Americas. “We are pleased to receive independent validation that our Green Deposit Framework meets industry standards. Interest in Green Deposits remains strong, and we continue to expand this offering into new geographies.”
To learn more about MUFG’s Green Deposits, visit https://mufgamericas.com/what-we-do/transaction-banking .
About Mitsubishi UFJ Financial Group, Inc.’s U.S. Operations including MUFG Americas Holdings Corporation
The U.S. operations of Mitsubishi UFJ Financial Group, Inc. (MUFG), one of the world’s leading financial groups, has total assets of $332.4 billion at March 31, 2022. As part of that total, MUFG Americas Holdings Corporation (MUAH), a financial holding company, bank holding company, and intermediate holding company, has total assets of $159.2 billion at March 31, 2022. MUAH’s main subsidiaries are MUFG Union Bank, N.A. and MUFG Securities Americas Inc. MUFG Union Bank, N.A. provides a wide range of financial services to consumers, small businesses, middle-market companies, and major corporations. As of March 31, 2022, MUFG Union Bank, N.A. operated 297 branches, consisting primarily of retail banking branches in the West Coast states. MUFG Securities Americas Inc. is a registered securities broker-dealer which engages in capital markets origination transactions, domestic and foreign debt and equities securities transactions, private placements, collateralized financings, and securities borrowing and lending transactions. MUAH is owned by MUFG Bank, Ltd. and Mitsubishi UFJ Financial Group, Inc. MUFG Bank, Ltd., a wholly owned subsidiary of Mitsubishi UFJ Financial Group, Inc., has offices in Argentina, Brazil, Chile, Colombia, Peru, Mexico, and Canada. Visit www.unionbank.com or www.mufgamericas.com for more information.
Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the world’s leading financial groups. Headquartered in Tokyo and with over 360 years of history, MUFG has a global network with approximately 2,500 locations in more than 50 countries. The Group has about 170,000 employees and offers services including commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing. The Group aims to “be the world’s most trusted financial group” through close collaboration among our operating companies and flexibly respond to all of the financial needs of our customers, serving society, and fostering shared and sustainable growth for a better world. MUFG’s shares trade on the Tokyo, Nagoya, and New York stock exchanges. For more information, visit https://www.mufg.jp/english.