Mitsubishi UFJ Financial Group

Member of UN Global Compact

Headquarters in Japan

Mitsubishi UFJ website  

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17 April 2020

Report finds continued increase in fossil fuel financing by major banks despite calls for climate action

In March 2020, a group of NGOs led by Rainforest Action Network published the Banking on Climate Change 2020 report. The report finds that 35 private-sector banks have provided USD $2.7 trillion for fossil fuel projects in the four years since the...

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Company response
3 April 2020

MUFG's response

Author: MUFG

We are optimistic that the next three decades will see industries which are currently reliant on non-renewable energy transition towards more environmentally-friendly options, and we are working to support our clients who are putting ESG at the heart...

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Story
26 November 2019

BankTrack Human Rights Benchmark 2019 shows 4 out of 5 banks are failing on human rights

Published on 26 November 2019, the third iteration of BankTrack's Human Rights Benchmark assesses 50 of the largest global banks on their progress towards implementing the UN Guiding Principles on Business and Human Rights (UNGPs). It finds that nearly...

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Story
31 May 2019

Report alleges major banks contribute to climate change through increased funding of fossil fuels

In May 2019, a group of NGOs led by Rainforest Action Network published research findings that suggest some of the biggest banks around the world are financing fossil fuels more than ever before. Since the Paris Agreement took effect in 2016, 33 of the...

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Company non-response
15 September 2018

Mitsubishi UFJ Financial Group did not respond

Business & Human Rights Resource Centre invited Mitsubishi UFJ Financial Group to respond to a report mentioning the bank as a co-financier of the companies involved in the construction of the collapsed dam that forms part of the Xe-Pian Xe-Namnoy...

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Article
2 September 2018

Commentary: Banks' coal policies ineffective; Standard Chartered can lead peers by committing to renewable-energy projects

Author: Julien Vincent, Asia Times

"The power of finance to slow new coal plants", 29 August 2018...

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Story
24 August 2018

Laos: Groups demand accountability from companies as well as insurers for collapse of Xe Pian-Xe Namnoy dam

On 23 July 2018, a dam in the Xe Pian-Xe Namnoy hydropower project collapsed and released massive amount of water that resulted to disastrous flooding in districts of southern Laos....

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7 July 2018

Japan: Environmental NGOs respond to statement by Sumitomo Mitsui Financial Group CEO on restricting coal-fired power financing

Author: 350.org Japan, FOE Japan, Greenpeace Japan & Japan Center for a Sustainable Environment and Society

In the global petition led by 350.org Japan and supporting groups, the three financial major groups including SMFG are requested to:...

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Story
7 July 2018

Japan: NGOs urge Japanese mega-banks to stop funding coal projects, banks respond

Four Japanese environmental organisations, 350.org Japan, FOE Japan, Greenpeace Japan, and the Japan Center for a Sustainable Environment and Society, urged the three Japanese mega-banks (Sumitomo Mitsui Financial Group, Mitusbishi UFJ Financial Group...

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7 July 2018

Japan: “A small step forward, but not nearly enough”- Environmental NGOs Respond to Release of New MUFG Environmental, Social and Human Rights Policy

Author: 350.org Japan, JACSES, Rainforest Action Network(RAN), Kiko Network, FoE Japan

MUFG’s publication of comprehensive environmental and social safeguards for its loans and underwriting is a first among Japan’s megabanks, which consist of MUFG, Mizuho Financial Group and Sumitomo Mitsui Financial Group. We are paying close attention...

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