Climate Change Data

Mitsubishi UFJ Financial Group, Inc.

Climate Impact & Sustainability Data (2023-04 to 2024-03)

Reporting Period: 2023-04 to 2024-03

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Climate change
  • Sustainability

Environmental Achievements

  • Divested strategic shareholdings worth approximately ¥216.0 billion (simple sum of the Bank and the Trust Bank on an acquisition-cost basis), bringing the cumulative total amount of strategic shareholdings divested over the three-year period from fiscal year 2021 to fiscal year 2023 to approximately ¥539.0 billion, and achieved the divestment target of ¥500.0 billion under the previous Medium-term Business Plan.

Social Achievements

  • Not disclosed

Governance Achievements

  • Established and disclosed policies and processes for nominating directors and evaluating the board’s effectiveness that ensure the management of climate-related business risks and opportunities is embedded in the Company’s core management strategy.

Climate Goals & Targets

Long-term Goals:
  • To be the world’s most trusted financial group.
Medium-term Goals:
  • Achieve approximately 9% ROE by FY2026.
  • Divest strategic shareholdings worth ¥350.0 billion from FY2024 to FY2026.
  • Reduce the ratio of the balance of strategic shareholdings to consolidated net assets on a market value basis to below 20% during the period of the next Medium-term Business Plan (beginning in fiscal year 2027).
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Climate-related financial risks, given its significant involvement in carbon-intensive sectors such as fossil fuels.
  • Declining birth rate, an aging society and a shrinking population in Japan.
  • Low growth normalized throughout the world.
  • Rapid changes in the business environment due to technological advancements, shifts in social and economic structures, and increased geopolitical risks.
Mitigation Strategies
  • Established an appropriate governance structure with sustainability positioned at the core of its new Medium-term Business Plan.
  • Annually evaluates and discloses the effectiveness of the Board of Directors.
  • Continues to work on enhancing information disclosure.
  • Formulated seven key strategies for “Expand & Refine Growth Strategies” and four key strategies for “Accelerate Transformation & Innovation” to address the challenges.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Not disclosed

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Regulatory changes, market shifts
Opportunities
  • Development of energy-efficient products

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed