MUFG Bank and Mitsubishi UFJ Trust and Banking will pursue activities for the development of impact-oriented investing and lending
MUFG's headquarters. (Credit: Kakidai/Wikipedia.)
MUFG’s consolidated subsidiaries MUFG Bank and Mitsubishi UFJ Trust and Banking today announced that as part of their environmental and social initiatives they have become founding signatories to the Japan Impact-driven Financing Initiative[1] (the Initiative), a declaration promoting impact-driven financing to solve social and environmental issues through measuring and managing the changes created by investments and lending in society and the environment.
The Initiative is a new framework initiated by the Social Innovation and Investment Foundation and impact-oriented financial institutions with the aim of enabling the Japanese financial industry to autonomously and sustainably develop impact-oriented investments and lending. Today, 21 financial institutions signed this Initiative as founding members. The signatory organizations position the creation of positive impacts as the objective of the organization, and will measure and manage the impacts created, promote impact-oriented investments and lending, and cooperate with other signatory organizations in their activities for the development of impacts in the Japanese market.
MUFG defines its purpose as being “Committed to empowering a brighter future.” Our business activities are driven by the determination to make every effort to empower all stakeholders to advance to the next stage. To realize this purpose, MUFG works to preserve the Earth’s environment and realize a society where diversity is respected. MUFG has been supporting initiatives that contribute to solving environmental and social issues, such as renewable energy and energy conservation projects, by issuing green bonds, social bonds, and sustainability bonds, as well as managing impact investment funds, and contributing both to showing the effects of impacts on the environment and society and the creation of impacts per se.
MUFG Bank and Mitsubishi UFJ Trust and Banking have signed this Initiative to identify business opportunities and enhance risk management methods that contribute to solving environmental and social issues, and to fulfill the Group’s role as a financial institution as expected by society.
Based on the Initiative, MUFG Bank and Mitsubishi UFJ Trust and Banking will continue to pursue activities for the development of impact-oriented investing and lending in cooperation with other signatory organizations while maintaining our focus on environmental and social impacts. We will aim to contribute to solving environmental and social issues in a wide range of fields to achieve the UN Sustainable Development Goals (SDGs) by 2030 and carbon neutrality by 2050.
Source: Company Press Release