Page 6 - MUFG Corporate Social Responsibility Report 2019

We are currently updating Environmental, Social, and Governance (ESG) policies throughout the bank’s operational locations and supply chain to ensure transparency through standardized metrics and frameworks. Additionally, we will conduct a materiality assessment this year with reference to the Sustainability Accounting Standards Board (SASB).
The MUFG Americas ESG and CSR teams also work with the organization’s Reputational Risk Committee and business lines to develop products and services that serve the burgeoning green bonds market, sustainability linked loans, and other offerings to enable efficient and effective low- carbon infrastructure. Additionally, we are working with our
real estate partner CBRE Group to effectively aggregate our energy data and expand our carbon-tracking efforts across all MUFG offices in the Americas.
We also engage with clients on ESG-related risks and opportunities. We are proud to invest in renewable energy, green technologies and practices, and in our clients who actively engage in waste minimization solutions as a part of our overall environmental initiatives. We believe these investments generate positive returns for our stakeholders while yielding positive benefits to the environment overall.
In August 2019, MUFG launched the Sustainable Business Office (SBO) in Tokyo to actively support clients in this context. The SBO held a global conference on sustainability in February 2020. Beth Waters of MUFG Americas (project finance) and Todd Gray of MUFG Securities Americas (debt capital markets) were appointed by the SBO to contribute their expertise and lead.
A new Sustainability Working Group in the Americas also aims to increase awareness and collaboration among colleagues, clients, investors, and ratings agencies—all of whom are key partners in achieving our sustainability goals.
“Our approach to ESG not only provides clarity and transparency, but also outlines the parameters for how we identify, measure, monitor, and control business risks related to these environmental and social issues.”
— Tobi Petrocelli
Director of Environmental and Sustainability Management, MUFG Americas
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