Page 7 - MUFG Corporate Social Responsibility Report 2019

Our Environmental Goals
In May 2019, MUFG announced it is aiming to achieve
100% utilization of renewable energy sources for its in-house electricity needs by 2030. Aligned with this goal, MUFG Americas has reduced our greenhouse gas emissions from our own operations by 28% from our 2013 baseline. Looking ahead, we are working to do our part to transition 100% to clean energy and contribute net zero emissions across our operations, which includes carbon tracking for all MUFG Americas offices by 2030.
Since April 2019, MUFG has completed installation of
LED lighting in 17 of its locations, including its New York headquarters for the Americas and several retail branches in California, which is reducing our electricity use at the annual rate of approximately 1.8 million kWh, resulting in the avoidance of about 3.7 million pounds of carbon dioxide per year.
Our water use for FY2019 decreased by 22.5% from FY2018 to FY2019 due to our water conservation efforts, including installing ‘smart watering systems’ that reduce the amount of watering required for landscaping, upgrading evaporative cooling towers, and assessing landscape requirements.
We also recently hit a milestone of of being ranked in the top tier of global lending for clean energy. More than half of overall power financing for MUFG Americas is for clean power.
For our clients, MUFG aims to provide a cumulative ¥20 trillion in sustainable finance by 2030. Of this, ¥8 trillion
is for environment projects between FY2019 and FY2030 to help build a sustainable society and attain Sustainable Development Goals (SDGs) through our client services. This builds on well over a decade of MUFG being ranked in the top tier of global leadership in lending for clean energy.
In 2019, MUFG Americas achieved its USD $25 billion, five-year environmental finance goal—one year ahead of schedule—for projects including green affordable housing, solar and wind-energy projects, agricultural operations that conserve natural resources, green and social bonds, sustainability-linked bonds and loans, mass-transit systems, and public water infrastructure.
We also partner with nonprofit organizations contributing to the development of clean tech startups, green job creation and training, green housing, smart growth, and environmental conservation and education, including those that:
• Contribute to revitalizing local communities and alleviating poverty.
• Provide emergency relief and strategic assistance for long-term, sustainable recovery from natural disasters such as hurricanes and wildfires that are intensified by climate change.
Service Type – United States
FY2018
FY2019
Business Flights [miles]
45,948,588
50,310,962
Rail Travel [cost]
44,196
42,717
Water [kGal]
86,006
66,584
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