Mitsubishi UFJ pledges net zero emissions in finance portfolio by 2050

Mitsubishi UFJ pledges net zero emissions in finance portfolio by 2050

Japan's biggest lender, Mitsubishi UFJ Financial Group (MUFG) said on Monday it will aim for net zero emission in its finance portfolio by 2050 and in its own operations by 2030, amid a push by governments to deal with climate change.

A man walks past a signboard of Mitsubishi UFJ Financial Group and MUFG Bank at its headquarters in
FILE PHOTO: A man walks past a signboard of Mitsubishi UFJ Financial Group and MUFG Bank at its headquarters in Tokyo, Japan April 3, 2018. REUTERS/Toru Hanai

TOKYO: Japan's biggest lender, Mitsubishi UFJ Financial Group (MUFG) said on Monday it will aim for net zero emission in its finance portfolio by 2050 and in its own operations by 2030, amid a push by governments to deal with climate change.

The bank will also join the United Nations' Net-Zero Banking Alliance and be the first Japanese lender to do so, it said in a statement.

(Reporting by Aaron Sheldrick; editing by Jason Neely)

Source: Reuters

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