Mitsubishi UFJ Financial Group's response to RAN report
We are optimistic that the next three decades will see industries which are currently reliant on nonrenewable energy transition towards more environmentally-friendly options, and we are working to support our clients who are putting ESG at the heart of their business strategies. In addressing climate change and environmental protection, our efforts will involve the dual aspects of business opportunities and risk management. We also see possibilities for mutually reinforcing growth in economic activities and the environment; to support this, we have identified renewable energy, hydrogen and next-generation energy, and carbon recycling as areas for targeted support. We had set a cumulative target of providing 20 trillion yen in sustainable finance by FY2030, but have raised this target to 35 trillion yen.