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Important Issues Concerning Value Creation How MUFG Addresses ESG Issues

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Important Issues Concerning Value Creation How MUFG Addresses ESG Issues Important Issues Concerning Value Creation How MUFG Addresses ESG Issues In line with its Corporate Vision, MUFG is striving to fulfill its mission as a financial institution, by building lasting relationships with customers and society as a whole and working hand in hand with these stakeholders to ensure sustainable mutual development. To this end, MUFG is addressing a variety of ESG issues society is now confronting. In fiscal 2017, the Board of Directors unanimously reconfirmed its commitment to addressing ESG issues and engaging in value creation initiatives over the long term to fulfill stakeholder expectations. In addition, the Board of Directors and the Global Advisory Board met a total of four times for the express purpose of addressing ESG issues. 52 MUFG Report 2018 MUFG Report 2018 53 Important Issues Concerning Value Creation Environment / Social / Governance Initiatives for Addressing ESG Issues toward Sustainable Growth How MUFG Determined Its Priority (SDGs) as well as prevailing industry standards. Establishing Our Environmental Policy considerations, and “Restricted Transactions” which Environmental and Social Issues Furthermore, we have incorporated input from Statement, Human Rights Policy require confirmation of environmental and social external specialists. The determination of the seven Statement and Environmental and Social considerations by clients with respect to extension of MUFG aims to help resolve environmental and social priority issues presented below has thus been made Policy Framework credit and underwriting of bonds and stocks with issues through its business activities while securing with an eye to better fulfilling society’s expectations corporate clients. sustainable growth. To this end, we have determined in areas where MUFG’s capabilities can be brought to In May 2018, MUFG established the “MUFG priority issues to be addressed by MUFG. This bear. Environmental Policy Statement” and “MUFG Human In addition, the framework mandates the introduction determination involved selecting issues relevant to Rights Policy Statement” with the aim of stepping up of a due diligence process to identify and assess the MUFG’s operations at home and abroad from among Currently, each business group has incorporated these its initiatives that address ESG issues. As a framework environmental and social risks or impacts associated the environmental and social issues identified by priority issues into their business strategies and is for implementing these basic policies, we established with transactions. United Nations Sustainable Development Goals pushing forward with initiatives to address these issues. the MUFG Environmental and Social Policy Framework. This framework aims to appropriately Transactions assessed as having the potential to have identify and manage the environmental and social significant negative impacts on the corporate value risks arising from MUFG’s business activities. The of MUFG are evaluated with the involvement of Assessing a broad Environmental and social issues on a global basis 17 SDGs range of environmental framework has been in force since July 2018. executive management. SDGs Implementation Guiding Principles (cabinet office) and social issues Environmental and social issues unique to Japan Keidanren’s policies regarding ESG issues The framework is applicable to MUFG's core We will periodically review the content of this policy subsidiaries the Bank, the Trust Bank and the framework in accordance with changes in business Relevance to the Dialogue with external Securities, and establishes “Prohibited Transactions” activities and the business environment, and will Society’s expectations Global mega trends financial industry specialists from the perspective of environmental and social work to improve and refine them. Integration and selection Areas where MUFG’s capabilities can be brought to bear Corporate Vision and the Principles of Ethics and Conduct Priority Issues MUFG Must Address MUFG Environmental Policy Statement MUFG Human Rights Policy Statement 1 Aging population & low birth rate 2 Business incubation & job creation A framework aimed at appropriately identifying and managing the environmental and social risks arising from MUFG’s business activities Assist our customers achieve smooth business succession while helping enhance Support companies with growth potential to incubate new their financial literacy through the provision MUFG Environmental and Social Policy Framework industries and create employment of investment education, thereby facilitating a shift from savings to stable asset building • Identify “Prohibited Transactions” and “Restricted Transactions” (e.g., cluster munitions manufacturing sector, coal fired power generation sector) P. 41, 62 and 63 P. 47, 60 and 61 • Declare our policy of actively financing renewable energy businesses, such as solar and wind power generation, to help combat climate change while supporting the adoption of advanced technologies aimed at reducing GHG emissions 3 Social infrastructure & town planning 4 Global warming & climate change • Introduce an enhanced due diligence process to identify and assess E/S risks associated with designated transactions Offer corporate clients assistance in such projects as those aimed at developing Curb the impact of climate change by, for infrastructure overseas, refreshing social example, facilitating the use of renewable capital and enhancing the operational energy on a global basis efficiency of public facilities P. 43 and 61 P. 56 to 59 Endorsement of International Sustainability Initiatives 5 Financial innovation 6 Workstyle reforms MUFG has declared its support of and is acting as an Financial Stability Board to provide recommendations Provide a broader range of the general Contribute to across-the-board efforts in Japan to improve public with access to financial services productivity by, for example, helping employees adopt diverse advocate for such international sustainability initiatives with regard to the disclosure of financial information in by developing and offering cutting-edge workstyles to strike an optimal balance between their jobs and as the Task Force on Climate-related Financial connection with climate change. financial services child rearing, nursing care and other family duties Disclosures (TCFD), which has been established by the P. 28, 29 and 61 P. 84 and 85 7 Cross-sectoral environment and social issues Help realize environmental and social sustainability by, for example, encouraging investees to address ESG issues and assisting in the issuance of Green Bonds P. 45, 49, 51 and 63 54 MUFG Report 2018 MUFG Report 2018 55 Important Issues Concerning Value Creation Environment / Social / Governance Environmental Initiatives 4 Global warming & climate change Initiatives to Counter Global Warming Issuance of MUFG Green Bonds The Status of Credits Offered to Coal Fired Green Bonds refer to a type of bond that limits the Thermal Power Generation Operators usage of proceeds from its issuance to funding for As of December 31, 2017, approximately half of and Climate Change renewable energy and other projects deemed to be MUFG’s power-related project finance and asset helping preserve the global environment. portfolio was accounted for by renewable energy businesses. Financing for the coal fired power MUFG has positioned countermeasures against global warming and climate change as one of the priority In January 2018, MUFG issued MUFG Green Bonds in generation sector is accounted for less than 10% of environmental and social issues that it must address. In line with this positioning, we are engaged in conformity with international TLAC regulations*1 as this portfolio. initiatives to reduce environmental burdens attributable to human activities and contribute to the part of an initiative to contribute to environmental realization of environmental and social sustainability. and social sustainability. This follows a previous MUFG supports international initiatives that are issuance of Green Bonds in September 2016. aiming to reach the objectives set by the Paris Leveraging Our Financing Functions Agreement and supports the adoption of advanced Proceeds from these bonds are used for financing technologies for high efficiency power generation Corporations, etc., that MUFG’s Contribution to ESG-Oriented green projects*2 through the Bank after an which contribute to reducing greenhouse gases Investment and Financing pursue environmentally MUFG friendly operations assessment of eligibility based on their conformity emissions and carbon dioxide capture and storage ESG-centered with the Equator Principles (EP). technologies. ESG investment The Trust Bank dialogue/ESG-centered Investees asset management *1 Total Loss-Absorbing Capacity: A capital regulation applied to G-SIBs *2 Renewable energy projects whose environmental and social impacts are reviewed in Furthermore, MUFG believes that providing accordance with the EP before being certified as eligible to funding The net proceeds assistance to those switching over to alternative from the issuance Eligible green The Bank Financing Allocation of Funds and Environmental Impact energy sources with low CO2 emissions is a projects Issuance of Green (as of March 31, 2018) responsibility of financial institutions. Bonds Balance of Eligible Green Projects that Investors US$1,256 million were funded by the net proceeds from (total 29 projects) MURC* the issuance of MUFG Green Bonds The Bank and the Trust Bank refer to international Climate change
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