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Overall Assessment |
Comment |
Score |
Comprehensive |
Mitsubishi UFJ Financial Group (MUFG) demonstrates a comprehensive and transparent approach in disclosing its climate lobbying activities. The company provides detailed insight into its engagement methods by describing active participation in international initiatives and working groups, such as its role in the Net‑Zero Banking Alliance, the Asia Transition Finance Study Group, and the Just Energy Transition Partnership, along with direct dialogue with specific government agencies in Japan, Vietnam, and Thailand. In addition to outlining the policy frameworks with which it is involved, MUFG also clearly articulates concrete and measurable outcomes — including a commitment to achieve net-zero greenhouse gas emissions in its financed portfolio by 2050, interim targets for carbon-intensive sectors, and plans to phase out coal financing — which reflect its well‐defined strategic objectives. Overall, these disclosures indicate that MUFG is highly transparent about both the mechanisms it employs and the specific policy outcomes it supports through its climate lobbying efforts.
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4
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Overall Assessment |
Comment |
Score |
Strong |
MUFG's disclosures on aligning its lobbying activities with its climate goals are mixed, with several documents primarily noting broader sustainability and risk management initiatives while one detailed disclosure provides a more defined picture of its internal oversight. For example, MUFG notes that it "shares the content discussed in committees internally, particularly ensuring alignment between the policies of industry associations related to climate change response and MUFG's own policies," and it has established an operating framework that includes mechanisms such as a biannual Transition Plan Monitoring Meeting jointly chaired by the CSO and CRO to assess and, where needed, adjust its practices. This governance structure, which also involves regular deliberation by the Board of Directors and reviews based on both publicly available information and internal client engagement, indicates that in at least some areas the company has put in place a process for aligning both direct and indirect lobbying efforts with its climate objectives. Although many disclosures focus on general sustainability measures rather than the specifics of lobbying governance, the comprehensive elements described in its Operating Framework for Effective Management provide evidence of clear monitoring mechanisms and accountability structures, suggesting strong governance in this area.
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3
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