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Mitsubishi UFJ Financial Group (MUFG)Japan

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Last update: 2024-12-17 11:55:41
MUFG head office in Tokyo. Photo: Katamakura via Wikimedia Commons (CC BY-SA 3.0)

Active

This profile is actively maintained
Last update: 2024-12-17 11:55:41
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About
Website http://www.bk.mufg.jp/global/
Headquarters
7-1 Marunouchi 2-Chome Chiyoda
100-0005 Tokyo
Japan
CEO/chair Hironori Kamezawa
President & Group CEO
Supervisor
Bank of Japan
Ownership
listed on NYSE & Tokyo Stock Exchange

MUFG's shareholder structure can be accessed here.

Mitsubishi UFJ Financial Group (MUFG) is a Japanese financial services company headquartered in Tokyo. The Bank of Tokyo-Mitsubishi UFJ, the largest bank in Japan, serves as its core retail, corporate, and investment banking arm. The bank was established on January 1 2006, through the merger of the Bank of Tokyo-Mitsubishi and UFJ Bank. MUFG is the world's seventh largest bank by assets.

Sustainability
Commitments
Policies
Voluntary standards

MUFG's most important sustainability commitments can be found at the website sections listed below.

See MUFG's coal policy below:

Links

Sustainability

Policies and guidelines

Revision of the Environmental and Social Policy Framework

Bank policy
2024-09-01 00:00:00 | Mitsubishi UFJ Financial Group

Environamental Policy Statement

Bank policy
2024-08-01 00:00:00 | Mitsubishi UFJ Financial Group

Code of Conduct

Bank policy
2024-04-01 00:00:00 | Mitsubishi UFJ Financial Group (MUFG)

Human Rights Policy Statement

Bank policy
2024-04-01 00:00:00 | Mitsubishi UFJ Financial Group

Global Financial Crimes Policy Statement

Bank policy
2021-06-23 00:00:00 | MUFG

Carbon neutrality declaration

Bank policy
2021-05-17 00:00:00 | MUFG

Slavery and Human Trafficking Statement 2020

Bank policy
2020-03-31 00:00:00 | Mitsubishi UFJ Financial Group (MUFG)

Modern Slavery Statement

Bank policy
2019-03-31 00:00:00 | MUFG
Mitsubishi UFJ Financial Group (MUFG) has committed itself to the following voluntary standards:
Business for Social ResponsibilityTags: corporate social responsibility
Carbon Disclosure ProjectTags: carbon | climate change | greenhouse gas emissions
Equator PrinciplesTags: Equator Principles | project finance | corporate social responsibility | sustainable development
Global Reporting InitiativeTags: sustainable development | human rights
Impact on Sustainable AviationTags: aviation
ISO 26000Tags:
Japan Climate Initiative (JCI)Tags: climate change | corporate social responsibility
Net-Zero Banking Alliance (NZBA)Tags: climate change | corporate social responsibility | energy | energy plants
OECD Guidelines for Multinational EnterprisesTags: consumer safety | corporate social responsibility | corruption | cultural preservation | dams | human rights | mining and processing | OECD | supply chain | taxation | worker rights
Principles for Financial Action towards a Sustainable SocietyTags: climate change | environment | Japan
Principles for Responsible Banking (PRB)Tags: climate change | corporate social responsibility | finance | sustainable development | United Nations | Voluntary Standards
Principles for Responsible Investment (PRI)Tags: corporate social responsibility | sustainable development | United Nations
Task Force on Climate-related Financial Disclosures (TCFD)Tags: corporate social responsibility | finance
Taskforce on Nature-related Financial Disclosures (TNFD)Tags: corporate social responsibility | finance
UN Guiding Principles on Business and Human RightsTags: United Nations | human rights
UNEP Finance InitiativeTags: United Nations | sustainable development
Unicef - Children’s Rights and Business PrinciplesTags: child protection
United Nations Global CompactTags: United Nations | human rights
Universal Declaration of Human RightsTags: human rights | United Nations
Wolfsberg PrinciplesTags: finance | corruption
Dodgy Deals

Mitsubishi UFJ Financial Group (MUFG) is linked to a number of companies and projects that BankTrack considers controversial (so called Dodgy Deals), e.g. as a current or past financier or through an expression of interest. The profiles below provide more details on the nature of Mitsubishi UFJ Financial Group (MUFG)'s link to these deals.

Projects / Companies
Finance type
Year
News
BankTrack
Partners
Blog
External
BankTrack news BankTrack blog Partner news Partner blog

Banks flout net-zero targets to cash in on the next LNG boom

With the financing of 156 new liquified natural gas terminals by the end of the decade, major banks and large investors are sponsoring a massive "carbon bomb" in the Earth's atmosphere
BankTrack mentioned
2024-12-09 | Corporate Knights
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks and investors’ unrestricted finance for LNG is fueling a future climate bomb

2024-12-05 | Reclaim Finance
Blog
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Most large banks still failing to implement UN human rights principles, new BankTrack benchmark finds

Despite gradual progress, banks show little action in addressing impacts, protecting vulnerable groups and supporting affected communities.
2024-11-27 | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

COP29: New report on SOCAR highlights Azerbaijan’s damning fossil fuel and human rights record

2024-11-23 | Berlin / Baku | urgewald, CEE Bankwatch
Blog
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‘The land belongs to Mozambicans, not to France’

Two week long protest continues against TotalEnergies and its Mozambique LNG gas project for resettlement violations in Afungi Communities, Palma District, Cabo Delgado, Mozambique
2024-11-15 | Justiça Ambiental (JA!)/Friends of the Earth Mozambique
Blog
BankTrack news BankTrack blog Partner news Partner blog

Major ‘coal banks’ refuse to stop financing coal power boom in Asia

To stop a wave of new coal development across Asia, the End Coal Finance coalition is asking likely financiers to pledge not to back new coal power projects.
2024-11-14 | Nijmegen | BankTrack, Inclusive Development International, Recourse
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks ready to finance false solutions to the climate crisis

BankTrack’s new False Solutions Tracker, mapping bank definitions of renewables, finds that most banks include ‘false solutions’ within their sustainable/green finance targets.
2024-11-11 | Nijmegen | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Japan’s flawed strategy to keep burning coal

2024-11-06 | Tokyo | Kiko Network, Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

As the world chokes in plastic, banks continue to finance plastic production

New research reveals a lack of bank policies dealing with the impact of plastics on climate, nature and humans
2024-10-17 | Amsterdam | BankTrack, Plastic Soup Foundation, Profundo
Blog
BankTrack news BankTrack blog Partner news Partner blog

Major banks fueling biodiversity collapse by $395 billion since the Paris Agreement; Governments failing to reign in banks

New reports reveal escalating financing to destructive sectors and highlight the urgent need for financial sector regulations to achieve Global Biodiversity Goals
2024-10-16 | San Francisco | BankTrack, Amazon Watch, CED Cameroon, Friends of the Earth US, Milieudefensie, Profundo, Rainforest Action Network, Repórter Brasil, Sahabat Alam Malaysia, TuK Indonesia
Blog
BankTrack news BankTrack blog Partner news Partner blog

LNG shipping emissions: A growing climate crisis

2024-10-10 | Stand.earth
Blog
BankTrack news BankTrack blog Partner news Partner blog

Energy supply financing ratios: the next milestone in banks’ climate strategy

The energy supply financing ratio is a key indicator that synthesizes two major challenges in limiting global warming to 1.5°C: the phase-out of fossil fuels and the development of sustainable alternatives.
2024-10-07 | Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

TotalEnergies and financial markets: Financial institutions engaged for decades of pollution

2024-09-30 | Reclaim Finance
Blog
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Global protests call on major banks to stop financing coal miner Adaro

2024-09-30 | Jakarta | BankTrack, Eko, Market Forces
Blog
BankTrack news BankTrack blog Partner news Partner blog

International NGOs call for immediate official investigation into reports of series of atrocities committed by Mozambican security forces near TotalEnergies’ Mozambique LNG premises

2024-09-27 | BankTrack, Friends of the Earth Europe, Friends of the Earth Japan, Friends of the Earth US, Justiça Ambiental (JA!)/Friends of the Earth Mozambique, Les Amis de la Terre France, Milieudefensie, Reclaim Finance, ReCommon
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks must overhaul climate targets to deliver emissions cuts, new analysis finds

Reclaim Finance is urging banks to rethink their targets, and in particular to jettison the widely used “financed emissions” and “facilitated emissions” targets.
2024-09-19 | Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

Activists call on Japanese banks to stop funding coal miner Adaro

2024-09-13 | Tokyo, Japan | BankTrack, Eko, Kiko Network, Market Forces
Blog
BankTrack news BankTrack blog Partner news Partner blog

BankTrack set to publish 2024 Global Human Rights Benchmark in November

50 of the world’s largest banks were invited to provide feedback on draft assessments of their human rights disclosures
2024-07-23 | Nijmegen, Netherlands | Giulia Barbos – BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Gulf Coast residents and major organizations call on financial institutions to phase out financing of LNG projects in the Rio Grande Valley

“We will hold any financial institutions that choose to support these projects accountable for such impacts.”
2024-07-22 | New York City | Sierra Club
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks fail to substantially respond to communities impacted by ArcelorMittal on climate and human rights concerns

2024-07-18 | BankTrack, Fair Steel Coalition, Reclaim Finance, SteelWatch
Blog
BankTrack news BankTrack blog Partner news Partner blog

Pulp Fiction: the dystopian reality of the origin of your paper

A new report by Environmental Paper Network International debunks the story that paper is ‘green’ and ‘renewable’. Evidence piles up on the ecological and human impacts of the pulp expansion frenzy.  
2024-07-16 | Environmental Paper Network
Blog
BankTrack news BankTrack blog Partner news Partner blog

Coalition calls on European and Japanese banks to stop financing methane gas export projects on the United States Gulf Coast

2024-06-28 | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banking on Nippon Steel is a high risk bet on climate chaos

Financiers of Nippon should be wary of the steel company's coal-expansion plans
2024-06-21 | Cherry Achando – BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Biggest banks finance more carbon pollution than emissions of Italy, Germany, France and UK combined

New report by ReCommon exposes carbon pollution financed by the world’s biggest banks ahead of G7 finance ministers meeting
2024-05-21 | Rome, Italy | ReCommon
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks financed fossil fuels by $6.9 trillion dollars since the Paris Agreement; $705 billion provided in 2023 alone; JPMorgan Chase, Mizuho, and Bank of America are worst 3 funders

Annual Banking on Climate Chaos report with an updated methodology offers comprehensive look at who’s bankrolling the climate crisis
2024-05-13 | BankTrack, urgewald, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance, Sierra Club
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks fall for ArcelorMittal’s shiny claims and finance its dirty flames

Don’t be fooled by ArcelorMittal's “low carbon” sponsorship of the Olympic Games
2024-05-08 | Julia Hovenier – BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks have not quit coal, 8 years after the Paris Agreement

Banks in China dominate global coal financing; those in Indonesia are outliers in having increased finance for coal since 2016
2024-05-03 | Nijmegen | Will O'Sullivan – BankTrack
BankTrack news BankTrack blog Partner news Partner blog

Japanese Banks Pour Billions Into Fossil Fuel Industry

Analysts warn that the continued fossil fuel support from the Japanese financial industry, showcased by the actions of various banks, insurance companies, asset owners and asset managers, is enabled by loose policies or loopholes. Fixing them is critical for addressing the climate crisis.
BankTrack mentioned
2024-04-24 | Energy Tracker Asia
Blog
BankTrack news BankTrack blog Partner news Partner blog

Residents of Kobe City, Japan, are fighting a coal power plant financed by Japanese megabanks

A Frontline Story of resistance to air pollution and climate change in Japan
2024-04-09 | BankTrack, Kobe Climate Case, No Coal Kobe, Rainforest Action Network
Blog
BankTrack news BankTrack blog Partner news Partner blog

The banks financing dirty steel

The world’s major banks continue to support the largest and most polluting steel producers
2024-03-26 | Paris, France | Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

Still butchering the planet

The big-name financiers bankrolling livestock corporations and climate change – 2024 update
2024-03-18 | London | Feedback
BankTrack news BankTrack blog Partner news Partner blog

Banks driving increase in global meat and dairy production, report finds

Financiers providing billion-dollar support for industrial livestock companies to expand leading to unsustainable rise in production
2024-03-18 | London | the Guardian
Blog
BankTrack news BankTrack blog Partner news Partner blog

Four of the world’s top five banks supporting metallurgical coal expansion are Japanese

2024-03-07 | Tokyo, Japan | Reclaim Finance, SteelWatch
Blog
BankTrack news BankTrack blog Partner news Partner blog

We’re calling on banks to do their part to stop POSCOs coal expansion

Unless POSCO scraps its relining plans, banks should rule out future finance for the Korean steelmaker
2024-02-27 | BankTrack, Solutions for Our Climate
Blog
BankTrack news BankTrack blog Partner news Partner blog

Financiers warned of huge risks to communities and biodiversity as Rio Tinto approves world’s biggest mining project

2024-02-26 | Accra, Ghana and Nijmegen, Netherlands | BankTrack, Advocates for Community Alternatives (ACA)
Blog
BankTrack news BankTrack blog Partner news Partner blog

New EACOP Finance Risk Update highlights numerous risks for financiers exposed to oil pipeline

2024-02-12 | BankTrack, AFIEGO, Both ENDS, Inclusive Development International, Insure our Future, Just Share
Blog
BankTrack news BankTrack blog Partner news Partner blog

Climate & frontline groups demand banks, insurance, & private equity end LNG backing

Over 100 climate and frontline groups wrote to the finance industry to stop its LNG support
2024-02-05 | The Sunrise Project
BankTrack news BankTrack blog Partner news Partner blog

Companies accused of biodiversity or human rights harms ‘adopt’ TNFD reporting

2024-01-26 | Rainforest Action Network
BankTrack news BankTrack blog Partner news Partner blog

Asia’s top banks are still financing coal due to massive loopholes: report

Despite major Asian banks, namely in Singapore and Japan, announcing coal exclusions in recent years, growing captive coal power in Indonesia and lax restrictions on corporate finance to developers offer new coal financing “havens”, a study finds.
BankTrack mentioned
2024-01-23 | Eco-Business
Blog
BankTrack news BankTrack blog Partner news Partner blog

Coal Havens - Asia’s biggest banks still open for coal business after COP28

The largest banks in India and Indonesia – global hotspots of the coal industry's growth – have no coal exclusion policy
2024-01-23 | Will O'Sullivan – BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

POSCO is relining coal-based steel furnaces to prolong their lifetimes. This jeopardises its financiers' climate commitments.

Financiers of POSCO should be wary of capital expenditures that are misaligned with climate commitments
2023-12-18 | Julia Hovenier – BankTrack
BankTrack news BankTrack blog Partner news Partner blog

Wall Street Makes Zero Progress in Energy Finance Transition

The industry needs to get to a 4-to-1 ratio of clean energy versus fossil-fuel financing. At the end of last year, it was 0.73 to 1—little changed from 2021.
2023-12-14 | Bloomberg
Blog
BankTrack news BankTrack blog Partner news Partner blog

67 organisations call on banks to cease financing metallurgical coal

Banks risk stranded assets & climate catastrophe in steel lending without metallurgical coal exclusions
2023-12-07 | Nijmegen | BankTrack, Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

New report on ADNOC’s partners in climate chaos: Banks and fossil fuel majors

A new report on the Abu Dhabi National Oil Company (ADNOC) highlights its outsized oil & gas expansion
2023-12-05 | BankTrack, urgewald, LINGO, Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

Confronting a Fossil Future: Stopping the gas detour in renewable-rich Southeast Asia

Massive plans for gas undermine energy transition in renewables-rich Southeast Asia, new research reveals at COP 28
2023-12-03 | Dubai, UAE | Center for Energy, Ecology, and Development (CEED)
Blog
BankTrack news BankTrack blog Partner news Partner blog

Met coal: financial institutions’ missing policies

Since 2016, the world’s biggest banks have provided US$ 557 billion in finance to the 50 biggest developers in the metallurgical sector
2023-11-23 | Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

124 civil society organisations call on financial institutions to withdraw support for TotalEnergies’ Mozambique LNG project

2023-11-17 | BankTrack, and partners, Justiça Ambiental (JA!)/Friends of the Earth Mozambique, Les Amis de la Terre France, Milieudefensie, Reclaim Finance, ReCommon
Blog
BankTrack news BankTrack blog Partner news Partner blog

The financial institutions behind the worst fossil fuel bonds in 2023

2023-11-16 | Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

Investing in Extinction - How the global financial sector profits from traditional medicine firms using threatened species

2023-10-23 | Environmental Investigation Agency
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks have no planned exit from coal for steelmaking

A new briefing from BankTrack calls on banks to urgently restrict finance for metallurgical coal
2023-10-10 | Julia Hovenier – BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

New report and blog: Barclays' bond with Adani

For the sake of the climate, human rights - and for its own good - Barclays should cut ties with Adani after the company's recent scandals
2023-09-18 | BankTrack, The Sunrise Project
Blog
BankTrack news BankTrack blog Partner news Partner blog

The causes fueling the climate crisis are receiving 20 times more financing than the solutions, new groundbreaking report by ActionAid reveals

2023-09-04 | ActionAid
Blog
BankTrack news BankTrack blog Partner news Partner blog

New report: Major global banks are financing deadly US coal plants thanks to loopholes in their climate commitments

Banks continue to fund utility parent companies, despite policies to restrict loans to coal plants
2023-09-01 | Sierra Club
Blog
BankTrack news BankTrack blog Partner news Partner blog

Decarbonization: steel not making the cut

Analysis by Reclaim Finance shows that few financial institutions have steel targets, and that those that have been adopted are riddled with flaws
2023-08-23 | Reclaim Finance
BankTrack news BankTrack blog Partner news Partner blog

Convictions in Bribery Investigation at the Cirebon Coal Plant in Indonesia

Friends of the Earth Japan leads request to Japanese public bank and ministry of finance for prompt suspension of their support for the project
2023-08-18 | Friends of the Earth Japan
BankTrack news BankTrack blog Partner news Partner blog

Banks finally dump Whitehaven Coal

2023-07-17 | Market Forces
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks committed to net zero still funding North Sea oil expansion by Equinor

Over 60 organisations have written to Equinor's biggest bankers warning them not to fund the company's controversial Rosebank oil field due to climate risks.
2023-07-04 | BankTrack
BankTrack news BankTrack blog Partner news Partner blog

Japan megabanks to tighten loan screening over human rights

Move comes in response to pressure from outside groups to address issue
2023-06-28 | Nikkei Asia
Blog
BankTrack news BankTrack blog Partner news Partner blog

Mitsubishi UFJ Financial Group distances itself from the East African Crude Oil Pipeline

The announcement follows growing pressure from climate activists and StopEACOP
2023-06-05 | BankTrack, #StopEACOP
Blog
BankTrack news BankTrack blog Partner news Partner blog

Activists call on Japanese megabanks to pull out of Cirebon coal plant

Frontline residents and NGOs visited Japan from Indonesia, petitioning banks to abandon finance for one Cirebon unit and to retire the other
2023-05-31 | Friends of the Earth Japan
Blog
BankTrack news BankTrack blog Partner news Partner blog

The new coal pipeline that lies beneath the steel industry

Steelmaking is expanding fast, this could be terrible news for the climate
2023-04-25 | Paris | Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

Global banks commit to net-zero, but bankroll carbon bomb in Australia 

New research finds that nine banks provided billions of dollars to build key infrastructure for the Barossa gas project. Campaigners say divest now.  
2023-04-19 | Environment Centre NT, Japan Center for Sustainable Environment and Society (JACSES), Jubilee Australia Research Centre, Reclaim Finance, Solutions for Our Climate, Urgewald
BankTrack news BankTrack blog Partner news Partner blog

Betting on a sinking ship: banks behind the Barossa Gas Field’s FPSO

Drilling Approval Invalidation Increases Uncertainty Around Barossa Gas Project with $1.15bn Debt Financing
2023-04-19
Blog
BankTrack news BankTrack blog Partner news Partner blog

New report: Canadian bank RBC the #1 financier of fossil fuels, world’s biggest banks continued to pour billions into fossil fuel expansion

Annual Banking on Climate Chaos report follows the money and details massive bank support for the world’s worst climate-destroying corporations
2023-04-13 | San Francisco | BankTrack, urgewald, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance, Sierra Club
BankTrack news BankTrack blog Partner news Partner blog

Global banks pledged to cut emissions – but still invest billions in US gas exports

Many banks promised to work toward net-zero emissions – but their targets explicitly exempt liquefied natural gas projects
2023-04-06 | The Guardian
Blog
BankTrack news BankTrack blog Partner news Partner blog

Emissions trap: Financial institutions still feeding the gas industry

2023-04-05 | urgewald, Beyond Fossil Fuels, Reclaim Finance, ReCommon
Blog
BankTrack news BankTrack blog Partner news Partner blog

Australia’s big four banks face human rights complaint over Santos Barossa financing

2023-04-05 | Market Forces
Blog
BankTrack news BankTrack blog Partner news Partner blog

Who dares to finance Eni and Exxon’s dangerous Rovuma gas plans in Mozambique?

Two banks made clear they will avoid financing Rovuma LNG, but plenty remain in the frame.
2023-03-20 | BankTrack, Justiça Ambiental (JA!)/Friends of the Earth Mozambique, Les Amis de la Terre France, ReCommon
BankTrack news BankTrack blog Partner news Partner blog

These ‘Net-Zero’ Banks Are Still Pretty Big on Big Oil

A BloombergNEF study reveals how energy financiers that pledged to move away from fossil fuels are way behind.
2023-03-01 | Bloomberg
Blog
BankTrack news BankTrack blog Partner news Partner blog

New report reveals the 40 financial institutions funding the world's climate-changing methane problem

A new report by Planet Tracker and Changing Markets reveals the top financial institutions funding the world’s biggest methane producers, and the role they can play in turning the tide on global heating.
2023-01-17 | London | Changing Markets, Planet Tracker
Blog
BankTrack news BankTrack blog Partner news Partner blog

Throwing fuel on the fire: GFANZ members provide billions in finance for fossil fuel expansion

2023-01-17 | Paris, France /Nijmegen, Netherlands | BankTrack, Reclaim Finance
BankTrack news BankTrack blog Partner news Partner blog

Qatar’s gas output increase could cause catastrophic global heating, report says

If Qatar exploits all its reserves it will add 50bn metric tons of CO2 to atmosphere, more than entire annual emissions of whole world
BankTrack mentioned
2022-12-08 | The Guardian
Blog
BankTrack news BankTrack blog Partner news Partner blog

Exposed: Western banks funding Qatar’s carbon bombs

US$ 20 trillion estimated damage linked to massive gas expansion by hosts of 2022 World Cup
2022-12-08 | Henrieke Butijn – BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

New human rights assessment of banks shows slow progress and lack of action to address key gaps on reporting and remedy

BankTrack’s 2022 Global Human Rights Benchmark finds reporting at a standstill, remedy still lacking and no clear leaders
2022-11-17 | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Global bank policies ‘dangerously inadequate’ to prevent financing of deforestation, climate chaos and human rights abuses

As the climate and biodiversity crisis intensifies, credit to forest-risk commodity companies increased 160% between 2020 and 2021.
2022-10-18 | Forests & Finance Coalition
BankTrack news BankTrack blog Partner news Partner blog

Santos announces refinancing of syndicated debt facilities

Santos announced it had executed documentation to amend and extend its two syndicated bank loan facilities totalling US$1.25 billion.
2022-08-30 | Santos
Blog
BankTrack news BankTrack blog Partner news Partner blog

Japan’s megabanks: no net-zero banking ambition

All 3 banks keep financing companies with coal expansion plans, without any restriction
2022-08-24 | Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

Indigenous Australians to investors: Dump Adani Group

55 banks dropped direct financing of the Carmichael Adani Coal Mine - yet indirect investment keeps it afloat
2022-08-22 | Queensland, Australia | BankTrack, Rainforest Action Network, TippingPoint Australia, Wangan and Jagalingou Nagana Yarrbayn Cultural Custodians
Blog
BankTrack news BankTrack blog Partner news Partner blog

Adani Group (financed by JP Morgan, MUFG, HSBC, BlackRock) is running an enormous fossil fuel project in Australia, violating Indigenous Rights

2022-08-22 | BankTrack, Rainforest Action Network, TippingPoint Australia, Wangan and Jagalingou Nagana Yarrbayn Cultural Custodians
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks have arranged US$2.7 trillion in bonds for fossil fuel companies

2022-07-12 | Australia | The Sunrise Project
Blog
BankTrack news BankTrack blog Partner news Partner blog

New report: Despite ‘no deforestation’ rhetoric, major brands and banks failing to stop deforestation and human rights abuses

Annual analysis reveals that as threats facing Indigenous communities in rainforest regions increase, demand-side companies are failing to reform supply chains
2022-06-14 | Rainforest Action Network
Blog
BankTrack news BankTrack blog Partner news Partner blog

Publication: Japanese bank financing of the East African Crude Oil Pipeline

Backgrounder on Environmental, Social, and Governance Risk (June 2022)
2022-06-06 | #StopEACOP, Center for International Environmental Law (CIEL), Oil Change International
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks injected USD 37.7 billion in mining companies at risk of causing forest destruction and human rights violations

2022-04-12 | Forests & Finance Coalition
Blog
BankTrack news BankTrack blog Partner news Partner blog

NGOs reveal top international companies, banks, and investors that fuel Russia's war machine

2022-04-04 | Berlin | urgewald, Ecodefense
Blog
BankTrack news BankTrack blog Partner news Partner blog

New report: Despite ‘net zero’ rhetoric, world’s biggest banks continued to pour billions into fossil fuel expansion in 2021

Annual Banking on Climate Chaos report follows the money and details massive bank support for the world’s worst climate-destroying corporations
2022-03-30 | San Francisco, Bemidji, Nijmegen, Oakland, Paris, Sassenberg, Washington DC | BankTrack, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance, Sierra Club, Urgewald
Blog
BankTrack news BankTrack blog Partner news Partner blog

At least $132 billion in finance for fossil fuels is locking Africa out of a Just Transition, shows new report

African countries kept in fossil fuel stranglehold by Overseas money
2022-03-03 | BankTrack, 350.org Africa, AFIEGO, Africa Coal Network, Alerte Congolaise pour l’Environnement et les Droits de l’Homme (ACEDH), Alliance for Empowering Rural Communities (AERC), Centre for Alternative Development (CAD), Environment Governance Institute (EGI), Friends of the Earth Ghana, Friends of the Earth Mozambique, Friends of the Earth Togo, Innovation for the Development and Protection of the Environment (IDPE), Laudato Si, Lumière Synergie pour le Développement (LSD), Milieudefensie, Oil Change International, Save Okavango (SOUL), Solidarité pour la Réflexion et Appui au Développement Communautaire (SORADEC), Synergie de Jeunes pour le Développement et les Droits Humains (SJDDH), Women Environmental Programme Nigeria, WoMin, Zimbabwe Environmental Law Association (ZELA)
Blog
BankTrack news BankTrack blog Partner news Partner blog

Who is still financing the global coal industry?

New research reveals banks and investors behind the world’s worst climate offenders
2022-02-15 | Berlin | Urgewald
Blog
BankTrack news BankTrack blog Partner news Partner blog

Repeat offenders NAB, ANZ and Westpac bankrolling “bet against the Paris Agreement”

NAB, ANZ and Westpac are among 18 global banks that have loaned to a gas processing facility that paves the way for a carbon bomb at the scale of 15 coal power stations.
2022-01-20 | Market Forces
Blog
BankTrack news BankTrack blog Partner news Partner blog

Major Japanese banks linked to Myanmar military cartel

2021-12-21 | Adrian Lakrichi – BankTrack, Justice For Myanmar
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks failing to address severe human rights impacts transparently, finds BankTrack research

Findings reinforce the need for regulators to ensure access to effective remedy for people affected by bank finance
2021-12-14 | Nijmegen | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

A future without coal: banking on Asia's just energy transition

2021-11-10 | Fair Finance Asia
BankTrack news BankTrack blog Partner news Partner blog

Banks are still financing fossil fuels – while signing up to net zero pledges

2021-11-04 | The Guardian
Blog
BankTrack news BankTrack blog Partner news Partner blog

JBIC and private banks must reconsider decision to finance LNG Canada project

NGOs strongly condemn JBIC’s decision to provide public finance that ignores climate crisis and rights of Indigenous peoples ahead of COP 26
2021-10-29 | 350.org Japan, Friends of the Earth Japan, JACSES, Kiko Network, Mekong Watch
Blog
BankTrack news BankTrack blog Partner news Partner blog

Equator Banks involved in financing at least 200 fossil fuel projects since Paris

BankTrack research sheds new light on finance for fossil fuels by Equator banks
2021-10-26 | BankTrack
BankTrack news BankTrack blog Partner news Partner blog

‘Wreckers of the Earth’: 300 London-based companies destroying the planet

2021-10-14 | Corporate Watch
Blog
BankTrack news BankTrack blog Partner news Partner blog

Campaigners take action as part of Global Call to end Japan’s fossil fuel finance

2021-10-07 | BankTrack
Blog
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Fossil Banks No Thanks demands banks commit to end fossil fuel finance before Glasgow Climate Summit

210+ groups support urgent call to action
2021-09-23 | BankTrack
Blog
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Forests & Finance Coalition warns foreign investors about the risk of the anti-environment agenda in the Brazilian Congress

2021-08-19 | Forests & Finance
Blog
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New bank links to Myanmar junta and atrocities found

19 international banks together invest over US$65 billion in shares of companies with ties to the Myanmar military junta
2021-07-28 | BankTrack, Justice For Myanmar
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Japan's banks face rising climate activism despite vetoed motions

2021-06-29 | S&P Global
Blog
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Shareholders send MUFG a stark climate warning

2021-06-29 | 350.org Japan, Kiko Network, Market Forces, Rainforest Action Network
Blog
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Bondholders challenged JICA to stop supporting coal projects in Bangladesh and Indonesia

2021-06-24 | BankTrack, 350.org Japan, Anthropocene Fixed Income Institute (AFII), Friends of the Earth Japan, JACSES, Kiko Network, Mekong Watch
Blog
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Ahead of shareholder vote, activists stage global actions urging Japanese megabank MUFG to end climate-destructive financing

2021-06-23 | Tokyo | BankTrack, 350.org Japan, Asian Peoples’ Movement on Debt and Development (APMDD), Oil Change International, Rainforest Action Network
Blog
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World’s 50 largest banks and investors driving deforestation through weak policies and major investments, new study finds

Top investors BlackRock, Vanguard, State Street, PNB, EPF, GPIF, and KWAP all amongst lowest scoring
2021-06-08 | Forests & Finance
BankTrack news BankTrack blog Partner news Partner blog

Intl banks asked to suspend investments linked to Myanmar junta

BankTrack mentioned
2021-05-27 | La Prensa Latina Media
Blog
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Nine international banks invest over US$24 billion in companies linked to Myanmar regime and atrocities

Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group, JPMorgan Chase, UBS, Credit Suisse, Morgan Stanley, Bank of America, Wells Fargo and BNP Paribas among the top banks investing in companies linked to the Myanmar military junta
2021-05-27 | BankTrack, Justice For Myanmar
BankTrack news BankTrack blog Partner news Partner blog

စစ်ကောင်စီနဲ့ဆက်စပ်တဲ့ ကုမ္ပဏီ ၁၈ ခုမှာ နိုင်ငံတကာဘဏ် ၉ ခု ပါဝင်ပတ်သက်နေ

(In Burmese) Nine international banks are involved in 18 companies affiliated with the military council
2021-05-27 | Radio Free Asia
Blog
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Revealed: Businesses and banks behind global plastic waste crisis

Just 20 companies produce over 50 per cent of all single-use plastic - Top financial institutions enabling plastic waste identified
2021-05-18 | Minderoo Foundation
Blog
BankTrack news BankTrack blog Partner news Partner blog

MUFG commits to carbon neutrality by 2050 but punts detailed plan on Paris alignment

Shareholders will not withdraw climate resolution
2021-05-17 | Tokyo, Japan | 350.org, Kiko Network, Market Forces, Rainforest Action Network
Blog
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Japan’s largest bank MUFG tightens coal power and forest sector policies - but far from aligned with Paris Agreement

2021-04-27 | 350.org Japan, Kiko Network, Market Forces, Rainforest Action Network
Blog
BankTrack news BankTrack blog Partner news Partner blog

Japan’s largest bank targeted by climate resolution

2021-03-29 | Tokyo | 350.org Japan, Kiko Network, Market Forces, Rainforest Action Network
BankTrack news BankTrack blog Partner news Partner blog

NGOs call on 39 JICA bond underwriters and bondholders to urge JICA to stop supporting coal projects in Bangladesh and Indonesia

2021-03-25 | JACSES, Kiko Network, Friends of the Earth Japan, 350.org Japan, Mekong Watch
BankTrack news BankTrack blog Partner news Partner blog

Climate Chaos: NGOs Name Top Banks Who Put $3.8 Trillion Into Fossil Fuels

BankTrack mentioned
2021-03-24 | Forbes
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banking on Climate Chaos 2021: World’s 60 largest banks have poured USD 3.8 trillion into fossil fuels since Paris Agreement

Even amidst the global economic downturn, fossil fuel financing numbers were higher in 2020 than 2016
2021-03-24 | Nijmegen | BankTrack, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance, Sierra Club
Blog
BankTrack news BankTrack blog Partner news Partner blog

Over 260 organisations call on banks not to finance Total’s East African Crude Oil Pipeline

With a final investment decision nearing, African and International organisations warn banks against joining $2.5 billion loan for a “manifestly irresponsible” project • New stopeacop.net campaign website launched.
2021-03-01 | International | BankTrack, 350.org Africa, AFIEGO, Inclusive Development International, IUCN NL
Blog
BankTrack news BankTrack blog Partner news Partner blog

Groundbreaking research reveals the financiers of the coal industry

Today, Urgewald & partners published an analysis of the financiers & investors behind the entire coal industry for the 1st time. One of the shocking results was that banks provide more money to coal than in 2016.
2021-02-25 | urgewald, Reclaim Finance
BankTrack news BankTrack blog Partner news Partner blog

Greta Thunberg joins Asian charge against Vietnam coal plant

2021-02-01 | Tokyo | Nikkei Asia
BankTrack news BankTrack blog Partner news Partner blog

Bank lending to plastics industry faces scrutiny as pollution concerns mount

2021-01-07 | Reuters
BankTrack news BankTrack blog Partner news Partner blog

Big banks lead SBI bond despite Adani controversy

2021-01-06 | Global Capital
Blog
BankTrack news BankTrack blog Partner news Partner blog

Five years lost - How the finance industry is blowing the Paris carbon budget

2020-12-10 | Paris | urgewald, Center for Energy, Ecology, and Development (CEED), Friends of the Earth US, Rainforest Action Network, Reclaim Finance, ReCommon
Blog
BankTrack news BankTrack blog Partner news Partner blog

Equator Banks fail communities on consultation and grievance mechanisms, new study finds

BankTrack research into nine projects financed ‘under Equator’ finds routine failures to conduct proper community consultation and a lack of effective project-level grievance mechanisms
2020-11-24 | Nijmegen | BankTrack
Blog
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Bankrolling Extinction: The top 10 banks financing biodiversity loss

Report names HSBC, Bank of America, Mitsubishi Financial & others
2020-10-28 | portfolio.earth
Blog
BankTrack news BankTrack blog Partner news Partner blog

A call to action on the Principles for Responsible Banking: End climate-destructive financing now

2020-10-20
BankTrack news BankTrack blog Partner news Partner blog

What have the UN’s Principles for Responsible Banking accomplished in their first year?

BankTrack mentioned
2020-09-23 | Financial Times
Blog
BankTrack news BankTrack blog Partner news Partner blog

Principles for Responsible Banking no obstacle to finance climate destruction

Twenty PRB banks provided over US$1.25 trillion in fossil fuel financing since Paris Agreement
2020-09-22 | Nijmegen | BankTrack, Rainforest Action Network
Blog
BankTrack news BankTrack blog Partner news Partner blog

New BankTrack Equator Principles reporting tracking tool launched

2020-09-21 | BankTrack
BankTrack news BankTrack blog Partner news Partner blog

Banks are fueling deadly fires, Covid-19 threatens to compound the risks

2020-09-08 | forestsandfinance.org
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks funnelled over USD 150 billion into companies driving deforestation since Paris Agreement, new data analysis shows

First-ever database reveals true scope of financing of forest-risk commodity companies, amidst global rainforest fires
2020-09-01 | San Francisco | BankTrack, Forests & Finance, Rainforest Action Network
BankTrack news BankTrack blog Partner news Partner blog

Major Brands and Banks Complicit in the Production of Conflict Palm Oil on Stolen Community Lands in Indonesia

2020-08-21 | Rainforest Action Network
Blog
BankTrack news BankTrack blog Partner news Partner blog

Equator Principles requirements missing for most projects, finds new BankTrack study

Research into 37 projects financed 'under Equator' finds project-level grievance mechanisms or stakeholder engagement processes cannot be evidenced in 65% of cases
2020-08-11 | BankTrack
Blog
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Japan’s big bet on LNG looks increasingly risky

2020-07-08 | Greig Aitken - Global Energy Monitor
Blog
BankTrack news BankTrack blog Partner news Partner blog

International petition: Japan must not support Vung Ang 2 coal power plant in Vietnam

127 organizations from more than 40 countries and regions sign petition to Japanese public and private sectors
2020-05-26 | 350.org Japan, Friends of the Earth Japan, Kiko Network, The Asian Peoples
Blog
BankTrack news BankTrack blog Partner news Partner blog

MUFG falls behind peers in new ESG finance policy announcement

MUFG’s policy revisions “disappointing”, says Rainforest Action Network
2020-05-14 | Rainforest Action Network
BankTrack news BankTrack blog Partner news Partner blog

MUFG revises Environmental and Social Policy Framework

2020-05-13 | MUFG press release
BankTrack news BankTrack blog Partner news Partner blog

Saudi Aramco closes US$10bn loan

2020-05-12 | London | Reuters
Blog
BankTrack news BankTrack blog Partner news Partner blog

Japan’s 2nd largest bank – Mizuho – announces strictest ESG policies to date in Japan

Japan’s 2nd largest bank – Mizuho – adopts NDPE criteria for forest sector clients and announces strictest ESG policies to date in Japan – This puts the bank well ahead of its competitors SMBC & MUFG
2020-04-22 | Forests & Finance
BankTrack news BankTrack blog Partner news Partner blog

Major blow to Keystone XL pipeline as judge revokes key permit

Campaigners welcomed Wednesday’s ruling as a victory for tribal rights and environmental protection
2020-04-16 | The Guardian
Blog
BankTrack news BankTrack blog Partner news Partner blog

Reckless Keystone XL decision by TC Energy endorsed by JPMorgan Chase, Citi and Canadian peers

Big banks lead multi-billion dollar bond issuances days after company pushes pipeline forward amid global pandemic
2020-04-03 | San Francisco | 350 Seattle, Amazon Watch, Indigenous Environmental Network, Rainforest Action Network
Blog
BankTrack news BankTrack blog Partner news Partner blog

New report profiles major brands and banks driving deforestation and human rights abuses, failing to meet 2020 commitments

2020-03-31 | San Francisco | Rainforest Action Network
Blog
BankTrack news BankTrack blog Partner news Partner blog

Global finance sector failing to apply conservation criteria to pulp and paper funding

2020-03-21 | New York/Amsterdam | Environmental Paper Network
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banking on Climate Change – Fossil Fuel Finance Report Card 2020

New report reveals global banks funneled USD 2.7 trillion into fossil fuels Since Paris Climate Agreement, with financing on the rise each year 
2020-03-18 | Nijmegen | BankTrack, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance, Sierra Club
BankTrack news BankTrack blog Partner news Partner blog

Pobladores/as se toman terrenos de Forestal Arauco en Laraquete

2020-03-12 | Resumen.cl
Blog
BankTrack news BankTrack blog Partner news Partner blog

Japan’s megabanks complicit in destroying critical carbon sinks & fueling illegality

2020-01-31 | Tokyo | Rainforest Action Network
BankTrack news BankTrack blog Partner news Partner blog

Environment minister opposes Vietnam coal-fired project involving Japan firm

2020-01-22 | The Mainichi
Blog
BankTrack news BankTrack blog Partner news Partner blog

Davos financial players pump US$1.4 trillion into fossil fuels: new Greenpeace report

Banks, insurers and pension funds are as culpable for the climate emergency as the fossil fuel industry - especially those at the World Economic Forum Annual Meeting
2020-01-21 | Greenpeace
BankTrack news BankTrack blog Partner news Partner blog

Asia's appetite for coal grows, with China the key decider

India's consumption forecast to climb even as renewables flourish
BankTrack mentioned
2020-01-13 | Nikkei Asian Review
Blog
BankTrack news BankTrack blog Partner news Partner blog

4 out of 5 banks failing on human rights, new BankTrack Human Rights Benchmark shows

Lloyds, Bank of America, Goldman Sachs and Société Générale among the poorest performers in BankTrack ranking, alongside Canadian and Chinese banks
2019-11-26 | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

How long will Santander continue to profit from Polish coal expansion?

The Spanish bank's use of ‘ESG loans’ for companies with fossil fuel expansion plans is part of a dangerous new trend
2019-10-16 | Greig Aitken – BankTrack, Kuba Gogolewski – Development YES Open-Pit Mines NO
Blog
BankTrack news BankTrack blog Partner news Partner blog

Massive forest fires and haze in Indonesia create public health and climate crisis

2019-09-19 | Environmental Paper Network
Blog
BankTrack news BankTrack blog Partner news Partner blog

Rio Grande Valley: Big banks urged not to back high risk fracked-gas export terminals

2019-08-14 | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

One year later, backers of collapsed Laos dam must be held accountable

New report calls on developers, banks and insurers to ensure full compensation and restitution for victims, who remain in desperate conditions facing an uncertain future
2019-07-23 | Bangkok | Inclusive Development International
BankTrack news BankTrack blog Partner news Partner blog

Japan seeks climate leadership at G-20 summit but can’t kick its coal habit

BankTrack mentioned
2019-06-27 | The Washington Post
BankTrack news BankTrack blog Partner news Partner blog

Japan’s Largest Bank MUFG/Union Bank Protested Over Harmful Financing

2019-06-26 | Rainforest Action Network
Blog
BankTrack news BankTrack blog Partner news Partner blog

BankTrack 2019 Human Rights Benchmark: criteria and scope announced

2019-06-25 | Nijmegen | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Citigroup cancels financing of Indonesian food giant Indofood over palm oil labor abuses

Major Asian, European banks and US brands still linked to controversial company
2019-06-18 | San Francisco, CA | Rainforest Action Network
BankTrack news BankTrack blog Partner news Partner blog

Antitrust: Commission fines Barclays, RBS, Citigroup, JPMorgan and MUFG €1.07 billion for participating in foreign exchange spot trading cartel

2019-05-16 | European Commission press release
BankTrack news BankTrack blog Partner news Partner blog

Mitsubishi UFJ Financial Group considers end to loans for new coal fired power projects. NGOs demand stronger action to withdraw from coal

2019-04-12 | 350 Japan
Blog
BankTrack news BankTrack blog Partner news Partner blog

RWE plans destruction of ancient German forest

Top bankers of Europe's biggest CO2 emitter revealed in Fossil Fuel Finance Report Card 2019
2019-03-21 | Greig Aitken – BankTrack
BankTrack news BankTrack blog Partner news Partner blog

Global Banks, Led by JPMorgan Chase, Invested $1.9 Trillion in Fossil Fuels Since Paris Climate Pact

2019-03-20 | Desmogblog.com
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banking on Climate Change – Fossil Fuel Finance Report Card 2019

World's top banks have poured $1.9 trillion into fossil fuel financing since the Paris Agreement was adopted, with financing on the rise each year
2019-03-20 | Nijmegen, the Netherlands | BankTrack, Honor the Earth, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Sierra Club
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks be warned – Poland’s PGE wants to blow the house and the climate on coal expansion extravaganza

Latest distress signal from new financial results another reason for potential financiers to walk away
2019-03-14 | Warsaw, Poland | Kuba Gogolewski – Development YES Open-Pit Mines NO
Blog
BankTrack news BankTrack blog Partner news Partner blog

Every two weeks a bank, insurer or lender announces new coal restrictions

Major financial institutions restricting coal funding tops 100
2019-02-27 | IEEFA
Blog
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Banks massively financing fossil fuels unclear about future of ... fossil fuels

Few banks acknowledge relation between fossil fuels and climate breakdown
2018-12-20 | Nijmegen
Blog
BankTrack news BankTrack blog Partner news Partner blog

Where are Japan’s banks in the climate conversation?

2018-12-13 | Shin Furuno - 350.org
BankTrack news BankTrack blog Partner news Partner blog

Gunvor joins other commodity players with sustainability-linked loan led by ING

Participating banks in the Gunvor facility include ABN Amro, CA Indosuez, Credit Suisse, DBS Bank, KfW Ipex-Bank, Mizuho, MUFG Bank, Nedbank, Rabobank, Raiffeisen, Société Générale, Sumitomo Mitsui Trust Bank and UniCredit.
2018-10-17 | Global Trade Review
Blog
BankTrack news BankTrack blog Partner news Partner blog

Major banks are failing Vietnam by violating Equator Principles commitments in financing coal power projects

2018-10-11 | Market Forces
Blog
BankTrack news BankTrack blog Partner news Partner blog

Major new coal support loan for Poland's PGE, international bank consortium slammed

2018-09-20 | Warsaw, Poland | BankTrack, Foundation Development YES Open-Pit Mines NO, ReCommon, Sandbag
Blog
BankTrack news BankTrack blog Partner news Partner blog

New report reveals Japanese financial institutions’ substantial role in climate crisis

2018-09-10
BankTrack news BankTrack blog Partner news Partner blog

These 3 coal plants might not get Japan funds under new rules

2018-08-27 | Bloomberg
Blog
BankTrack news BankTrack blog Partner news Partner blog

Marubeni - playing on both sides of the energy transition

The Japanese conglomerate could be a leader in renewables, but its coal expansion plans should place it beyond the pale for responsible banks.
2018-08-01 | Lucie Pinson – Les Amis de la Terre
BankTrack news BankTrack blog Partner news Partner blog

Is Japan finally turning away from coal? Sumitomo Mitsui Trust Bank and Nippon Life start the race to move beyond coal in Asia

2018-07-28 | The Diplomat
Blog
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Greenpeace Japan calls for a more meaningful and clearer coal investment policy at MUFG AGM

2018-06-28 | Tokyo | Greenpeace Japan
BankTrack news BankTrack blog Partner news Partner blog

Indofood: the perfect microcosm of how the financial system is still part of the problem

2018-05-31 | RAN
Blog
BankTrack news BankTrack blog Partner news Partner blog

Environmental NGOs respond to statement by Sumitomo Mitsui Financial Group CEO on restricting coal-fired power financing

2018-05-17 | FOE Japan, Greenpeace Japan, Japan Center for a Sustainable Environment and Society
BankTrack news BankTrack blog Partner news Partner blog

Cracks emerge in coal haven as insurers mull funding curbs

BankTrack mentioned
2018-05-14 | Bloomberg
BankTrack news BankTrack blog Partner news Partner blog

Japanese banks betray their commitments and the environment by funding more dirty coal

2018-04-18 | Market Forces
Blog
BankTrack news BankTrack blog Partner news Partner blog

Japanese banks betray their commitments and the environment by funding more dirty coal

2018-04-18 | Market Forces
Blog
BankTrack news BankTrack blog Partner news Partner blog

NGOs Sound the Alarm on Japanese Banks’ Continued Coal Financing

2018-04-09 | Tokyo | Greenpeace Japan, Rainforest Action Network
Blog
BankTrack news BankTrack blog Partner news Partner blog

Report finds major banks ramped up fossil fuel financing to $115 billion in 2017

Despite 2017 being the costliest year on record for weather disasters, new report reveals that banks increased extreme fossil fuel financing last year, led by a more than doubling in lending to tar sands companies and pipelines.
2018-03-28 | Nijmegen, the Netherlands | BankTrack, Honor the Earth, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Sierra Club
Blog
BankTrack news BankTrack blog Partner news Partner blog

New report: Towards responsible and inclusive financing of the palm oil sector

2017-11-15 | Center for International Forestry Research (CIFOR), Profundo
Blog
BankTrack news BankTrack blog Partner news Partner blog

Big banks complicit in massive tar sands destruction and pollution through hundreds of billions in financing

2017-11-02 | Rainforest Action Network
Blog
BankTrack news BankTrack blog Partner news Partner blog

Japanese Banks ill-Equipped to Reform Banking Practices in Line with the Paris Agreement

2017-10-12 | Tokyo, Japan
Blog
BankTrack news BankTrack blog Partner news Partner blog

Report Shines a Light on Hidden Backers of World’s Most Destructive Coal Project

2017-10-12 | Inclusive Development International
Blog
BankTrack news BankTrack blog Partner news Partner blog

“Responsible” investors under scrutiny for investing in climate-destroying banks

2017-09-26 | Rainforest Action Network
Blog
BankTrack news BankTrack blog Partner news Partner blog

Indigenous Groups Lead Movement to Call on Banks to Drop Enbridge’s Controversial Line 3 Pipeline

Tribal Nations based in Minnesota oppose the project and the Minnesota Department of Commerce has condemned it
2017-09-21 | Minneapolis, MN | Honor the Earth, Rainforest Action Network
Blog
BankTrack news BankTrack blog Partner news Partner blog

Financiers of pulp and paper industry projects will cause environmental and social harm, says new report

2017-08-01 | Mandy Haggith – Environmental Paper Network
BankTrack news BankTrack blog Partner news Partner blog

Japanese Banks Failing to Respond to Climate Risks, New Reports Find

2017-06-22 | Rainforest Action Network
Blog
BankTrack news BankTrack blog Partner news Partner blog

28 major banks warned not to finance Trans Mountain pipeline expansion

Over 20 Indigenous and environmental groups deliver urgent letter.
2017-06-09 | BankTrack, Rainforest Action Network, others
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks provide billions for Dirty Diesel traders while failing to act on human rights, says new briefing

- Oil traders Trafigura and Vitol received over $100 billion in loans since 2012
- Of 26 banks contacted, not one has pressured companies over toxic fuel exports to Africa
2017-05-23 | Nijmegen | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Indigenous leaders launch new campaign to defund all four proposed tar sands pipelines

2017-05-09 | Turtle Island | Mazaska Talks
Blog
BankTrack news BankTrack blog Partner news Partner blog

Major international banks and investors finance devastating impacts of forest-risk commodities

New report finds eight corporate giants in palm oil, pulp and paper, timber and rubber involved in social and environmental scandal; exposes financial banking
2017-04-24 | Tokyo | Rainforest Action Network
Blog
BankTrack news BankTrack blog Partner news Partner blog

Energy Transfer: Which banks continue to support the company behind DAPL?

2017-04-06 | Alison Kirsch - Rainforest Action Network
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks risk breach of sustainability standards over Indonesian coal plant finance

New report from BankTrack and Greenpeace
2017-04-03 | Nijmegen, Netherlands | BankTrack, Greenpeace
Blog
BankTrack news BankTrack blog Partner news Partner blog

Who's bankrolling TransCanada?

Banking on TransCanada means banking on Keystone XL
2017-03-24 | Alison Kirsch - Rainforest Action Network
Blog
BankTrack news BankTrack blog Partner news Partner blog

Japanese and Singaporean banks step in to finance Indonesian coal plant in face of opposition from communities and environmentalists

After French banks ditch project, BankTrack, Friends of the Earth Japan and 350.org Japan strongly criticise all banks involved
2017-02-28 | Tokyo, Japan and Nijmegen, Netherlands | BankTrack, Friends of the Earth Japan
Blog
BankTrack news BankTrack blog Partner news Partner blog

New online platform reveals banks and investors financing companies linked to tropical forest loss in Southeast Asia

Financial sector under the spotlight in new international push to protect forests and forest communities
2016-09-06 | Singapore | Rainforest Action Network
Blog
BankTrack news BankTrack blog Partner news Partner blog

BankTrack condemns Japanese and Singapore bank financing of Batang coal project in Indonesia as reckless to people and climate

2016-06-06 | Nijmegen, The Netherlands | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

New BankTrack Human Rights Impact Briefing: Labour standards violations in IOI Corporation’s Malaysian plantations

2016-02-16 | Nijmegen | BankTrack
BankTrack news BankTrack blog Partner news Partner blog

Banks and pension funds continue to bankroll deforestation and land grabs

2015-04-30 | The Guardian
BankTrack news BankTrack blog Partner news Partner blog

Banks warned over ESG risks of palm oil investments

2015-04-24 | Ethical Performance
Blog
BankTrack news BankTrack blog Partner news Partner blog

Briefing to banks and potential investors on the ongoing risks and outstanding social conflicts in the palm oil agribusiness sector: Golden Agri-Resources (GAR) bond offering

Joint NGO statement
2015-04-15 | Nijmegen
Blog
BankTrack news BankTrack blog Partner news Partner blog

Call for banks to divest from APRIL

Social conflict and environmental destruction are rife in its operations
2014-12-10 | Nijmegen | BankTrack, Mandy Haggith – Environmental Paper Network
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks not yet living up to UN human rights principles, finds BankTrack

New research finds inadequate reporting on human rights impacts, and failure to establish mechanisms to allow complaints.
2014-12-02 | Geneva | BANKTRACK
Blog
BankTrack news BankTrack blog Partner news Partner blog

'Record year' for bank coal financing as latest UN climate warning looms

2014-10-29 | Nijmegen | BankTrack
BankTrack news BankTrack blog Partner news Partner blog

Seven of Bloomberg’s Top Ten “Greenest Banks” Are Climate Killers

2013-04-10 | RAN
BankTrack news BankTrack blog Partner news Partner blog

Equator Principles goes beyond project finance, improves transparency

2012-08-13 | Environmental Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

Don’t bank on the bomb

2012-03-05 | Washington | ICAN
Blog
BankTrack news BankTrack blog Partner news Partner blog

Bankrolling Climate Change

NGOs present groundbreaking research on banks’ involvement in coal financing
2011-11-30 | Durban | urgewald, Earthlife, BankTrack and groundWork
BankTrack news BankTrack blog Partner news Partner blog

While BankTrack criticizes Equator Principles, IFC celebrates Community of Learning

2011-10-25 | Washington | prizmablog.com
BankTrack news BankTrack blog Partner news Partner blog

Time to Improve the Equator Principles, BankTrack Says

BankTrack mentioned
2011-10-24 | Washington | Social Funds
BankTrack news BankTrack blog Partner news Partner blog

BankTrack to Equator Principles banks; ‘get the Outside Job done’

Equator Principles update must lead to new Principles focused on people and planet
2011-10-23 | Washington | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Financiers search for sustainable future

BankTrack mentioned
2011-10-20 | Washington | Environmental Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

Nam Theun 2 inauguration hides real costs of controversial Equator Principles project

More than 100,000 people continue to suffer project impacts
2010-12-07 | Laos | International Rivers
Blog
BankTrack news BankTrack blog Partner news Partner blog

New rules for Equator Principles, but no new commitments from banks

New governance rules represent missed chance for Equator Principles to take bold steps forward on transparency and accountability
2010-07-01 | Nijmegen, the Netherlands | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

BankTrack calls upon banks to Close the Gap on investment policies

New report evaluates quality of investment policies of 49 banks; more policies in place, overall quality below what is required
2010-04-27 | Nijmegen, the Netherlands | BankTrack
BankTrack news BankTrack blog Partner news Partner blog

Penan score victory as logging road blockades halt timber giant's encroachment on their rainforests

Defiant forest communities announce they will continue to fight the Samling corporation's activities within the
2010-04-26 | Long Sabai, Sarawak, Malaysia
Blog
BankTrack news BankTrack blog Partner news Partner blog

Laos’ Nam Theun 2 dam operation illegal

Equator Principles project begins selling power to Thailand in violation of Concession Agreement and obligations to affected communities
2010-03-23 | Laos | International Rivers
Blog
BankTrack news BankTrack blog Partner news Partner blog

Equator Principles: Action, not words needed

BankTrack calls upon Citi, new chair of Equator Principles to take bold steps forward
2010-03-15 | Nijmegen, The Netherlands | BankTrack
BankTrack news BankTrack blog Partner news Partner blog

Civil society groups call for bold steps forward with Equator Principles

Major reforms needed on transparency, accountability, implementation and climate change
2010-01-14 | Nijmegen | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Top financial institutions still invest US$20 billion in cluster bombs

Activists call on banks and pension funds to disinvest from banned weapon
2009-10-29 | London | Netwerk Vlaanderen
Blog
BankTrack news BankTrack blog Partner news Partner blog

NGOs criticise private banks irresponsible investment in Kazakhstan

2008-10-07 | Italy | CRBM
Blog
BankTrack news BankTrack blog Partner news Partner blog

Environmental groups condemn Japanese and French banks for financing Sakhalin II oil and gas project in Russia

2008-06-17 | Tokyo, San Fransisco, Moscow, Nijmegen | Pacific Environment
Blog
BankTrack news BankTrack blog Partner news Partner blog

Japanese Banks Blasted for Investment Plans in Sakhalin II

Banks to Stay out of Environmentally Unsound Oil and Gas Project in Russia
2008-06-12 | Tokyo | Friends of the Earth Japan
Blog
BankTrack news BankTrack blog Partner news Partner blog

Sakhalin II: new environmental violations brought to light

Banks once more warned for risks of being involved
2007-06-27 | United States of America | Pacific Environment
Blog
BankTrack news BankTrack blog Partner news Partner blog

Sakhalin II: Six banks face serious decision

now that the Russian government has revoked the environmental permits
2006-09-15 | London, United Kingdom | Pacific Environment
Resources
Documents
Links

Banking on biodiversity collapse 2024

Partner publication
2024-10-16 00:00:00 | Forest and Finance Coalition

NZBA 2024 Progress Report

Other document
2024-10-01 00:00:00 | NZBA

Revision of the Environmental and Social Policy Framework

Bank policy
2024-09-01 00:00:00 | Mitsubishi UFJ Financial Group

Environamental Policy Statement

Bank policy
2024-08-01 00:00:00 | Mitsubishi UFJ Financial Group

Response Tracking – Letter to 20 banks on ArcelorMittal, sent June 10th 2024

NGO document
2024-07-17 00:00:00 | BankTrack

Suzano's Pulp Fiction

Comparing words and deeds of the world’s largest eucalyptus pulp producer
NGO document
2024-07-16 00:00:00 | EPN

Open letter to EU & Japanese banks to end finance for LNG in the Gulf South, US

NGO document
2024-06-28 00:00:00 | BankTrack

Climate Report 2024

Other bank document
2024-06-20 00:00:00 | MUFG

Letter from BankTrack to Mitsubishi UFJ Financial Group on Risks of Mitsubishi UFJ Financial Group's relationship with ArcelorMittal

Correspondence
2024-06-10 00:00:00 | BankTrack

UNSUPERVISED - The carbon pollution of the world’s largest banks

NGO document
2024-05-21 00:00:00 | ReCommon

Banking on climate chaos 2024

Fossil fuel finance report 2024
BankTrack publication
2024-05-13 00:00:00 | BankTrack, urgewald, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance & Sierra Club

Still Banking on Coal press release

Commercial Banks Still Deep into Coal 8 Years After Paris
Partner publication
2024-05-02 00:00:00 | Urgewald

Commercial Banks Still Deep into Coal 8 Years After Paris

NGO document
2024-05-02 00:00:00 | Urgewald

Code of Conduct

Bank policy
2024-04-01 00:00:00 | Mitsubishi UFJ Financial Group (MUFG)

Human Rights Policy Statement

Bank policy
2024-04-01 00:00:00 | Mitsubishi UFJ Financial Group

Still Butchering the Planet

Partner publication
2024-03-18 00:00:00 | Feedback

Finance for War. Finance for Peace

How values-based banks foster peace in a world of increasing conflict
Other document
2024-02-28 00:00:00 | Banca Etica Group and the Global Alliance for Banking on Values (GABV)

Annual report 2023

Annual report
2024-02-06 00:00:00 | MUFG

Coal Havens

The banks and loopholes keeping coal finance alive in Asia
BankTrack publication
2024-01-23 00:00:00 | BankTrack

MUFG Human Rights Report 2023

Other bank document
2023-12-31 00:00:00 | MUFG

Letter from BankTrack to Mitsubishi UFJ Financial Group on Ending support for metallurgical coal

Correspondence
2023-12-07 00:00:00 | BankTrack

TCFD Report 2023

Other bank document
2023-12-07 00:00:00 | MUFG

Fossil Fuel Expansion in the United Arab Emirates

ADNOC and Its International Partners
BankTrack publication
2023-12-05 00:00:00 | Urgewald, Reclaim Finance, Lingo & BankTrack

Letter from BankTrack to Mitsubishi UFJ Financial Group on posco relining plans

Correspondence
2023-11-29 00:00:00 | BankTrack

Letter from BankTrack, ACA, CTEA to Mitsubishi UFJ Financial Group on the risks of investing in Rio Tinto and Winning International Group’s Simandou Project in Guinea

Correspondence
2023-11-22 00:00:00 | BankTrack, ACA, CTEA

今なお続く製鉄用石炭への融資

なぜ銀行は原料炭から撤退すべきか
BankTrack publication
2023-10-12 00:00:00 | Julia Hovenier, BankTrack

Still bankrolling coal (for steel)

Why banks must quit metallurgical coal
BankTrack publication
2023-10-10 00:00:00 | Julia Hovenier, BankTrack

Letter from BankTrack and 60 civil society groups to 20 bank financiers of Equinor on Equinor's proposed North Sea field Rosebank

Letter to financiers of Equinor on their client's ownership of Rosebank
Correspondence
2023-07-04 00:00:00 | BankTrack and 60 civil society groups

Will San Miguel Power a World Made Better?

Partner publication
2023-06-12 00:00:00 | CEED

Betting on a Sinking Ship

Banks Behind the Barossa Gas Field’s FPSO Vessel
NGO document
2023-04-18 00:00:00 | Solutions for our Climate (SFO°C), JACSES, Jubilee Australia, Environment Centre NT, Urgewald, Reclaim Finance

Banking on Climate Chaos 2023

Annual Banking on Climate Chaos report follows the money and details massive bank support for the world’s worst climate-destroying corporations
BankTrack publication
2023-04-13 00:00:00 | Rainforest Action Network, BankTrack, Indigenous Environmental Network, Oil Change International, Reclaim Finance, Sierra Club, Urgewald

MUFG Progress Report 2023

Annual report
2023-04-10 00:00:00 | MUFG

Boom and Bust Coal 2023

Tracking the Global Coal Plant Pipeline
Partner publication
2023-04-06 00:00:00 | Global Energy Monitor

Annual report 2022

Annual report
2023-02-21 00:00:00 | MUFG

Background briefing: Just 7% of global banks' energy financing goes to renewables, new data shows

BankTrack publication
2023-01-27 00:00:00 | Profundo for Sierra Club, Fair Finance International, BankTrack, Rainforest Action Network

BankTrack Global Human Rights Benchmark 2022

BankTrack publication
2022-11-17 00:00:00 | BankTrack

MUFG TCFD Report 2022

Other bank document
2022-11-17 00:00:00 | MUFG

Who is financing fossil fuel expansion in Africa?

BankTrack publication
2022-11-15 00:00:00 | Urgewald, BankTrack, 350.org Africa, Africa Coal Network & Oilwatch Africa, et al.

Responses received to letters sent to signatories of the Glasgow Financial Alliance for Net Zero

Other document
2022-10-17 00:00:00 | London Stock Exchange

Vaca Muerta Basin: An Oil & Gas Trap

IMF and global capital markets neglect the risk of ballooning Argentina’s debt and liability problem
NGO document
2022-07-29 00:00:00 | Profundo, 350.org Argentina

Letter from BankTrack and Mars se Drine to Mitsubishi UFJ on Rio Tinto Jadar Lithium Mine

Correspondence
2022-07-14 00:00:00 | BankTrack and Mars se Drine

Keep forests standing 2022

Evaluating the brands and banks driving deforestation and human rights abuses
NGO document
2022-06-14 00:00:00 | Rainforest Action Network

Japanese Bank Financing of the East African Crude Oil Pipeline (EACOP)

Backgrounder on ESG risks
NGO document
2022-06-01 00:00:00 | Oil Change International, CIEL, #StopEACOP

MUFG progress report 2022

Other bank document
2022-04-29 00:00:00 | MUFG

Banking Asia's Future

How to Align with National Climate Plans
Other document
2022-03-31 00:00:00 | Aviva: Asia Research and Engagement

Banking on Climate Chaos 2022

Despite ‘net zero’ rhetoric, world’s biggest banks continued to pour billions into fossil fuel expansion in 2021
BankTrack publication
2022-03-30 00:00:00 | Rainforest Action Network, BankTrack, Indigenous Environmental Network, Oil Change International, Reclaim Finance, Sierra Club, urgewald

Annual report 2021

Annual report
2022-03-29 00:00:00 | MUFG

CSR Report 2021

Annual report
2022-02-21 00:00:00 | MUFG

Actions speak louder: Assessing bank responses to human rights violations

BankTrack publication
2021-12-14 00:00:00 | BankTrack

Letter from BankTrack to Mitsubishi UFJ on lithium mining in Serbia’s jadar valley

Correspondence
2021-12-12 00:00:00 | BankTrack

Drill, baby, drill

How banks, investors and insurers are driving oil and gas expansion in the Arctic
NGO document
2021-09-23 00:00:00 | Reclaim Finance

Recipients of the letter about the risk of the anti-environment agenda in the Brazilian Congress

NGO document
2021-08-19 00:00:00 | BankTrack

Asian Banks Continue to Finance the Palm Oil Refining Sector as Leakage Declines

NGO document
2021-06-28 00:00:00 | Chain Reaction Research

Global Financial Crimes Policy Statement

Bank policy
2021-06-23 00:00:00 | MUFG

Carbon neutrality declaration

Bank policy
2021-05-17 00:00:00 | MUFG

Critical climate votes 2021

There will be a number of important resolutions filed by shareholders at key companies in the banking, energy, and utilities sectors this proxy season.
NGO document
2021-05-06 00:00:00 | Critical Climate Votes

Keep Forests Standing

Evaluating the Brands and Banks Driving Deforestation and Human Rights Abuses
NGO document
2021-04-28 00:00:00 | Rainforest Action Network

Japan: Major Financier and Buyer of Leakage Palm Oil and Plywood

NGO document
2021-04-12 00:00:00 | Chain Reaction Research

Open Letter from over 260 civil society organisations to banks on EACOP

NGO document
2021-02-25 00:00:00 | 263 CSOs

"Trust Us, We're Equator Banks": Part II

BankTrack publication
2020-11-24 00:00:00 | BankTrack

Letter to banks and investors on Indofood labor exploitation

NGO document
2020-11-19 00:00:00 | Rainforest Action Network

Bankrolling Extinction: The top 10 banks financing biodiversity loss

NGO document
2020-10-28 00:00:00 | porfolio.earth

A Call to Action on the Principles for Responsible Banking: End Climate-Destructive Financing Now

Joint civil society statement
BankTrack publication
2020-10-20 00:00:00 | BankTrack, Rainforest Action Network, and others

Annual Integrated Report 2020

Annual report
2020-09-30 00:00:00 | Mitsubishi UFJ Financial Group (MUFG)

Fracking Fiasco: The banks that fueled the U.S. shale bust

NGO document
2020-09-24 00:00:00 | Rainforest Action Network

Fool's Gold

The financial institutions risking our renewable energy future with coal
BankTrack publication
2020-07-15 00:00:00 | Europe Beyond Coal, BankTrack, BlackRock’s Big Problem, Ember, Fundacja "Rozwój TAK - Odkrywki NIE”, Friends of the Earth Finland, Friends of the Earth France, Greenpeace, Reclaim Finance, Re:Common, ShareAction, Urgewald, 350 Japan

Annual integrated report 2019

Annual report
2020-05-19 00:00:00 | Mitsubishi UFJ Financial Group (MUFG)

Slavery and Human Trafficking Statement 2020

Bank policy
2020-03-31 00:00:00 | Mitsubishi UFJ Financial Group (MUFG)

Sustainability Report 2020

Annual report
2020-03-21 00:00:00 | Mitsubishi UFJ Financial Group (MUFG)

Banking on Climate Change - Fossil Fuel Finance Report 2020

BankTrack publication
2020-03-18 00:00:00 | Rainforest Action Network, BankTrack, Indigenous Environmental Network, Oil Change International, Reclaim Finance, Sierra Club

Letter from BankTrack to MUFG on the bank's progress on its fossil fuel finance since COP24

Correspondence
2019-12-10 00:00:00 | BankTrack

Civil Society Statement on the new Principles for Responsible Banking

BankTrack publication
2019-09-22 00:00:00 | BankTrack and others

Fool's Gold

The financial institutions bankrolling Europe’s most coal-dependent utilities
NGO document
2019-05-21 00:00:00 | Europe Beyond Coal

Annual integrated report 2018

Annual report
2019-04-01 00:00:00 | MUFG

Modern Slavery Statement

Bank policy
2019-03-31 00:00:00 | MUFG

Bank Policy Matrix

NGO document
2018-12-10 00:00:00 | Forests & Finance Coalition

Letter from BankTrack and 120 organisations to MUFG on Demands FBNT campaign

Correspondence
2018-10-16 00:00:00 | BankTrack and 120 organisations

Letter from FoE Japan and 170 NGOs to Japanese government, JBIC, JICA, NEXI on Japanese government must stop financing Cirebon and Indramayu coal power plants

Correspondence
2018-05-18 00:00:00 | FoE Japan and 170 NGOs

How banks contribute to human rights violations: responses to the Business & Human Rights Resource Centre

NGO document
2018-02-28 00:00:00 | Business & Human Rights Resource Centre

Major international banks continue to finance palm oil company Indofood despite evidence of systemic labor abuses

Forest & Finance Briefing
NGO document
2017-11-30 00:00:00 | RAN, TuK Indonesia & Profundo

The human cost of conflict palm oil - revisited

How PepsiCo, Banks and the Roundtable on Sustainable Palm Oil perpetuate Indofood's worker exploitation
NGO document
2017-11-30 00:00:00 | RAN, OPPUK & International Labor Rights Forum

Banks: High Carbon, Hidden Risks

NGO document
2017-09-25 00:00:00 | Rainforest Action Network

Letter from NGO coalition to Bank of Tokyo – Mitsubishi UFJ on Long Phu I financing

Correspondence
2017-08-02 00:00:00 | Friends of the Earth, JACSES, Market Forces

Japanese and Malaysian banks and investors continue to pump billions of dollars into forest-risk companies, without adequate environmental and social safeguards

NGO document
2017-06-13 00:00:00 | RAN, TuK Indonesia & Profundo

Letter from RAN and 13 others to 14 banks that underwrote Kinder Morgan Canada IPO on warning to finance the IPO

Correspondence
2017-06-06 00:00:00 | Rainforest Action Network et al

MUFG Report 2016

Annual report
2017-04-06 00:00:00 | Mitsubishi UFJ Financial Group

The Cirebon 2 coal power plant and the Equator Principles

BankTrack publication
2017-04-03 00:00:00 | BankTrack and Greenpeace

Financiers of IOI and Asia Pulp & Paper (APP) face material ESG risks from failure to respect land tenure rights

NGO document
2017-03-27 00:00:00 | RAN, TuK & Profundo

Dirty Bankers

How HSBC is financing forest destruction for palm oil
NGO document
2017-01-17 00:00:00 | Greenpeace

Letter from 500 organisations to Bank of Tokyo-Mitsubishi UFJ on financing DAPL

Correspondence
2016-11-30 00:00:00 | 500 organisations

Protecting the Leuser Ecosystem

A Shared Responsibility
NGO document
2016-11-07 00:00:00 | Rainforest Action Network

Green Paper, Red Lines

Requirements for pulp and paper industry finance
BankTrack publication
2016-06-02 00:00:00 | BankTrack, Environmental Paper Network

Human Rights Impact Briefing #1:Labour standards violations in IOICorporation’s Malaysian plantations

BankTrack publication
2016-02-16 00:00:00 | BankTrack

CSR Report 2015 MUFG

Annual report
2015-11-06 00:00:00 | Mitsubishi UFJ Financial Group

Annual Report 2015 MUFG

Annual report
2015-07-27 00:00:00 | Mitsubishi UFJ Financial Group

The end of coal?

2015 Coal Finance Report Card
BankTrack publication
2015-05-04 00:00:00 | BankTrack, Rainforest Action Network, Sierra Club

Response to press release by NGOs issued on 15 April 2015

Company document
2015-04-16 00:00:00 | GAR

Golden Agri-Resources (GAR) bond offering

Briefing to banks and potential investors on the ongoing risks and outstanding social conflicts in the palm oil agribusiness sector
NGO document
2015-04-15 00:00:00 | Joint NGO statement

Tycoon-controlled oil palm groups in Indonesia - Executive Summary

NGO document
2015-02-16 00:00:00 | TuK, Profundo

Japanese Banks' Involvements in Human Rights Violations based on 4 Cases

Executive Summary of Fair Finance Guide Japan 1st Case Study
NGO document
2015-01-09 00:00:00 | Published by A SEED JAPAN, JACSES and PARC

Letter from EPN to Banks investing in April on APRIL

Correspondence
2014-12-10 00:00:00 | EPN

Banking on Coal 2014

BankTrack publication
2014-10-29 00:00:00 | BankTrack

Coal Risk Update March 2013

Arch Coal, Blair Mountain, and Bank Human Rights Commitments
BankTrack publication
2013-03-07 00:00:00 | Rainforest Action Network, BankTrack

Worldwide Investments in Cluster Munitions - June 2012 update

A shared responsibility
NGO document
2012-06-10 00:00:00 | FairFin and IKV Pax Christi

MUFG Cluster Munitions Investments

Other document
2011-05-25 00:00:00 | Netwerk Vlaanderen & IKV Pax Christi

Letter from BankTrack to EPFIs on issues around Equator Principles Review process

Correspondence
2010-12-18 00:00:00 | Banktrack

Close the Gap

Benchmarking investment policies of international banks
BankTrack publication
2010-04-27 00:00:00 | BankTrack

bank of Tokyo Mitsubish UFJ cluster munitions investments

Other document
2010-04-01 00:00:00 | Netwerk Vlaanderen, IKV PAX Christi

Bank of Tokyo Mitsubishi UFJ cluster munitions investments

Other document
2010-04-01 00:00:00 | Netwerk Vlaanderen, IKV Pax Christi

Bank of Tokyo Mitsubishi UFJ cluster munitions financing

Other document
2009-10-01 00:00:00 | Netwerk Vlaanderen et. al.

Worldwide investments in CLUSTER MUNITIONS, a shared responsibility

NGO document
2009-10-01 00:00:00 | Netwerk Vlaanderen, et. al.

What does CSR mean to MUFG group

Other bank document
2009-05-26 00:00:00 | Mitsubishi UF Group
Accountability
Grievances
Response tracking

Mitsubishi UFJ Financial Group (MUFG) is a member of the Japan Center for Engagement and Remedy on Business and Human Rights (JaCER), which operates a grievance mechanism based on the UN Guiding Principles on Business and Human Rights, the “Engagement and Remedy Platform”. Individuals and communities affected by the bank’s finance can report human rights grievances here. 

Stakeholders may also raise complaints via the OECD National Contact Points (see OECD Watch guidance).

MUFG is an Equator Principles signatory. While the Equator Principles have no official grievance mechanism, complaints relating to this bank's financing of Equator Principles projects can be filed through our own website www.equator-complaints.org.

 

 

This page evaluates Mitsubishi UFJ Financial Group (MUFG)'s responses to instances of alleged human rights violations linked to its finance, raised by civil society organisations. It is not intended to be exhaustive, but covers selected impacts raised by BankTrack and other civil society partners since 2016. For the full scoring methodology, see here. For more information about BankTrack's evaluation of bank responses to human rights impacts, see the 2021 report "Actions speak louder: assessing bank responses to human rights violations".

Impacts reviewed
Responded?
Total score
Response
Action
Monitoring
Santos' Barossa gas project, Australia (July 2023)
0
0
0
0
Dodgy Deal profile
Response
0
Out of 1
Rationale for score
The bank did not respond.
Action
0
Out of 1
Rationale for score
No information available on whether the bank engaged with its client or took appropriate action.
Monitoring
0
Out of 1
Rationale for score
The bank did not acknowledge the grievance brought by Equity Generation Lawyers or respond to it, despite having committed to the UNGPs.
More info
Equity Generation Lawyers, Bank Responses to Human Rights Grievances report, July 2023
Banks and Dirty Diesel: Vitol and Trafigura (May 2017)
0
0
0
0
Dodgy Deal profile
Response
0
Out of 1
Rationale for score
The bank publicly responded stating that it had "no comment to make at this time".
Action
0
Out of 1
Rationale for score
No information available on whether the bank engaged with its client or took appropriate action.
Monitoring
0
Out of 1
Rationale for score
No information available on whether the bank monitored progress.
More info
BankTrack Human Rights Briefing, May 2017
East African Crude Oil Pipeline (March 2021)
1
0.5
0.5
0
Dodgy Deal profile
Response
0.5
Out of 1
Rationale for score
The bank responded to civil society to indicate, in a statement shared publicly, that it is not involved in financing EACOP, but it did not speak to the substance of the issues raised.
Action
0.5
Out of 1
Rationale for score
The bank took appropriate action by stating that it would not provide finance to the project; however, the bank remains exposed to TotalEnergies, the project developer, and it has not (yet) set out specific actions that it requires (or will require) the company to take to address the impacts raised.
Monitoring
0
Out of 1
Rationale for score
No information available on whether the bank monitored measures taken by its client to address the impacts associated with the project.
IOI Corporation labour standards violations (February 2016)
0
0
0
0
Dodgy Deal profile
Response
0
Out of 1
Rationale for score
The bank publicly responded citing client confidentiality.
Action
0
Out of 1
Rationale for score
No information available on whether the bank engaged with its client or took appropriate action.
Monitoring
0
Out of 1
Rationale for score
No information available on whether the bank monitored progress.
More info
BankTrack Human Rights Briefing, February 2016
Myanmar: Equity exposure to companies linked to the military regime (October 2021)
0
0
0
0
Dodgy Deal profile
Response
0
Out of 1
Rationale for score
The bank, in response to an inquiry from the Business and Human Rights Resource Centre, referenced its Environmental and Social Policy Framework and stated that it does not provide financing for transactions which violate public order and good morals. However, MUFG did not acknowledge its association with companies linked to the Myanmar junta and did not respond to the substance of the issues raised.
Action
0
Out of 1
Rationale for score
No information available on whether the bank engaged with its client or investee companies or took appropriate action.
Monitoring
0
Out of 1
Rationale for score
No information available about whether the bank monitored progress.
More info
Myanmar: Report alleges banks hold shares in companies affiliated with military junta & its conglomerates, July 28, 2021
Rio Tinto's Jadar mine, Serbia (December 2021)
0
0
0
0
Dodgy Deal profile
Response
0
Out of 1
Rationale for score
The bank did not respond.
Action
0
Out of 1
Rationale for score
No information available on whether the bank engaged with its client or took appropriate action.
Monitoring
0
Out of 1
Rationale for score
No information to indicate the bank is monitoring the actions of its clients, or actions it might itself have taken in response to the impacts raised.
More info
Letter to financiers of Rio Tinto, December 2021
ArcelorMittal steel impacts (June 2024)
0
0
0
n/a
Dodgy Deal profile
Response
0
Out of 1
Rationale for score
The bank responded but cited that they "refrain from commenting on the transactions of individual companies", but have shared the report with relevant parties.
Action
0
Out of 1
Rationale for score
No information available on whether the bank engaged with its client or took appropriate action.
Monitoring
n/a
Rationale for score
The impact was not raised over a year ago and therefore is not scored on monitoring progress.
More info
See the summary of bank responses here. See this bank's response here.
Average
71%
0.14
0.07
0.07
0
Banks and Climate

Banks and Climate

The 2024 Banking on Climate Chaos report showed that Mitsubishi UFJ Financial provided US$ 307.666 Billion in financing to the fossil fuel industry between 2016 and 2023. In 2023 only, Mitsubishi UFJ Financial provided US$ 15.417 Billion for oil, gas and coal companies expanding fossil fuels. Find further details on Mitsubishi UFJ Financial fossil fuel portfolio and how it compares to other large banks globally on Fossil Banks No Thanks and in the Banking on Climate Chaos report.

Fossil fuel finance data Mitsubishi UFJ Financial Group (MUFG)

Banking on Climate Chaos fossil fuel finance data

Partner organisation Reclaim Finance tracks the coal, oil and gas policies of financial institutions, including banks, in their Coal Policy Tool (CPT) and the Oil and Gas Policy Tracker (OGPT). BankTrack works closely with Reclaim Finance and endorses their policy assessments. Find further details on their assessment of Mitsubishi UFJ Financial Group’s fossil fuel policy below.

Assessment of Mitsubishi UFJ Financial Group (MUFG) coal policy in the Coal Policy Tool

Assessment of Mitsubishi UFJ Financial Group (MUFG) oil and gas policy in the Oil and Gas Policy Tracker

False Solutions Tracker

BankLast update
Country
Wind Energy
Solar Energy
Geothermal Energy
Ocean Energy
Energy grids and storage
Hydropower
Hydrogen
Solid Biomass
Biofuels
CCUS
Nuclear Power
Details
Mitsubishi UFJ Financial Group (MUFG)
2024-10-22
JPN
Explanation

The purpose of the False Solutions Tracker is to give a clear overview of energy technologies that fall under banks' individual sustainable finance commitments. The tracker lists 11 energy technologies that are usually associated with the energy transition and the decarbonisation of the economy. These technologies are defined here and classified in three categories:

  1. Real solutions: Technologies that deliver on a Just Transition towards Energy Democracy. BankTrack considers these technologies as real solutions only if and when they do deliver Energy Democracy.

  2. Solutions under strict conditions: Energy technologies that could be real solutions if they deliver on a Just Transition towards Energy Democracy but that could also be false solutions. This is the case of hydrogen and hydropower. On one hand, fossil-free and green hydrogen could be a real solution under certain conditions. However, fossil-based hydrogen and nuclear hydrogen are always false solutions. On the other hand, hydropower lifespan extension could also be a real solution under strict conditions while hydropower expansion is a false solution.

  3. False solutions: Energy technologies that are not aligned with a just transition towards Energy Democracy.

For each one of the 11 energy technologies, the tracker indicates if it is included in bank's individual sustainable finance commitments:

 

For Real solutions:

  • ​​: Yes, the bank includes its finance towards this energy technology in its sustainable finance reporting.
  • ​: Yes, the bank includes its finance towards this energy technology in its sustainable finance reporting, but under certain conditions. In this case, those conditions are mentioned in the "relevant policy document" section for each bank.
  • ​: No, the bank does not include its finance towards this energy technology in its sustainable finance reporting.
  • ​ : It is unclear whether the bank includes or not its finance towards this energy technology in its sustainable finance reporting.

 

For solutions under strict conditions and for false solutions:

  • ​: Yes, the bank includes its finance towards this energy technology in its sustainable finance reporting.
  • ​: Yes, the bank includes its finance towards this energy technology in its sustainable finance reporting, but under certain conditions. In this case, those conditions are mentioned in the "relevant policy document" section for each bank.
  • ​: No, the bank does not include its finance towards this energy technology in its sustainable finance reporting.
  • ​: It is unclear whether the bank includes or not its finance towards this energy technology in its sustainable finance reporting.
For more details see this page.
Banks and Human Rights

Banks and Human Rights

BankTrack assessed Mitsubishi UFJ in its 2024 Global Human Rights Benchmark, where it achieved 9 points out of 15 and was ranked as a “moderate achiever”. 

The bank scored 0.5 out of 3 points on the new “specific rights indicators”, which assess how banks address human rights defenders, Indigenous Peoples’ right to Free, Prior and Informed Consent and environmental rights in their policies and practices.

In addition, Mitsubishi UFJ scored 0.14 out of 3 on how it responds to alleged human rights violations linked to its finance, which were raised by civil society organisations. More information is detailed in the “Accountability” section of this profile.

The BankTrack Human Rights Benchmark

The table below shows BankTrack's assessment of how Mitsubishi UFJ has implemented the UN Guiding Principles on Business and Human Rights. Please click on 'expand all details' and 'explanation' for further information on the methodology.

Our policy assessments are always a work in progress. We very much welcome any feedback, especially from banks included in the assessments. Please get in touch at humanrights@banktrack.org.

Global Human Rights Benchmark 2022

BankLast update
Country
Score
Ranking
Details
Mitsubishi UFJ Financial Group (MUFG)
JPN
3.5
Follower 3.5
Explanation
Laggard
Follower
Front runner
Leader
0 - 3 points
3.5 - 6.5 points
7 - 10 points
10.5 - 14 points
For more details see this page.

Global Human Rights Benchmark 2024

BankLast update
Country
Score
Ranking
Details
Mitsubishi UFJ Financial Group (MUFG)
JPN
9
Moderate achiever 9
Explanation
Laggard
Follower
Moderate achiever
Leader
0 - 3 points
3.5 - 7 points
7.5 - 10.5 points
11 - 15 points
For more details see this page.
Banks and Nature

Banks and Nature

MUFG’s policies for forest-risk sectors (beef, soy, palm oil, pulp and paper, rubber and timber) have been assessed by the Forests & Finance coalition, achieving an overall score of 5.4 out of 10 and ranking it as a front runner. MUFG achieved a score of 2.7 out of 10 specifically for its policies related to the beef sector and 6.3 out of 10 for its policies related to the palm oil sector.  In addition, BankTrack and the Environmental Paper Network have assessed MUFG’s policies related to the pulp and paper sector.

Between 2016 and 2022, MUFG provided USD 7,364 million in credit to companies operating in these forest-risk sectors and held investments amounting to USD 145 million as of 2022. For more information, see the links below.

Forests & Finance

Banks and beef

Banks and palm oil

Banks and pulp & paper

Forest & Finance Policy Assessment 2022: Overall scores

BankLast update
Country
Score
Ranking
Details
Mitsubishi UFJ Financial Group (MUFG)
2022-09-27
JPN
5.4
Front runner 5.4
Explanation

A bank can obtain a total of 10 points for the quality of its policies. The total score is based on their scores per sector, weighted against their financing and investment for each sector. For further details on this see here. Based on their overall score, banks are then classified as Laggards, Followers, Front runners or Leaders, as follows:

Laggard
Follower
Front runner
Leader
0 - 1 points
1 - 4 points
4 - 7 points
7 - 10 points
For more details see this page.

Forest & Finance Policy Assessment 2022: Beef

BankLast update
Country
Score
Ranking
Details
Mitsubishi UFJ Financial Group (MUFG)
2022-09-29
JPN
2.7
Follower 2.7
Explanation

A bank can obtain a total of 10 points for the quality of its beef policy. The total score is based on their scores per sector, weighted against their financing and investment for each sector. For further details on this see here. Based on their overall score, banks are then classified as Laggards, Followers, Front runners or Leaders, as follows:

Laggard
Follower
Front runner
Leader
0 - 1 points
1 - 4 points
4 - 7 points
7 - 10 points
For more details see this page.

Forest & Finance Policy Assessment 2022: Palm Oil

BankLast update
Country
Score
Ranking
Details
Mitsubishi UFJ Financial Group (MUFG)
2022-09-29
JPN
6.3
Front runner 6.3
Explanation

A bank can obtain a total of 10 points for the quality of its palm oil policy. The total score is based on their scores per sector, weighted against their financing and investment for each sector. For further details on this see here. Based on their overall score, banks are then classified as Laggards, Followers, Front runners or Leaders, as follows:

Laggard
Follower
Front runner
Leader
0 - 1 points
1 - 4 points
4 - 7 points
7 - 10 points
For more details see this page.
Tracking the NZBA

Tracking the Net Zero Banking Alliance

Mitsubishi UFJ Financial Group (MUFG) is a member of the Net Zero Banking Alliance (NZBA) and has therefore committed to reduce its financed emissions to net zero by 2050; within 18 months of joining the alliance set interim targets for 2030 (or sooner) for high emission priority sectors, and within 36 months set further sector targets; set new intermediary targets every 5 years from 2030 onwards; annually publish data on emissions and progress against a transition strategy including climate-related sectoral policies; and take a robust approach to the role of offsets in transition plans. BankTrack track's implementation of these commitments in the NZBA compliance tracker.

 

Tracking NZBA banks commitments
Banks and Russia

Banks and Russian Aggression in Ukraine

BankTrack is keeping track of the public response of MUFG (Mitsubishi UFJ Financial Group) to Russia's illegal invasion of Ukraine. MUFG did not publicly condemn the war. MUFG is considered by Leave-Russia.org to be "scaling back"  its operations in Russia. We consider its exposure to Russia as limited, with over $ 2.2bn of financial assets. MUFG supports the Russian fossil fuel industry through investments, loans and underwriting. For further details, see the table linked below.

Bank responses to Russia's invasion of Ukraine
Banks and Steel

Banks and Steel

As part of the Net Zero Banking Alliance (NZBA), Mitsubishi UFJ Financial is required to set interim targets for 2030 for high emission priority sectors. For Mitsubishi UFJ Financial, this includes its lending to the steel sector. You can see Mitsubishi UFJ Financial’s iron and steel decarbonisation targets, and its progress towards meeting them in our NZBA steel targets compliance tracker:

NZBA Iron & Steel Targets

Partner organisation Reclaim Finance’s 2023 report on metallurgical coal financing showed that Mitsubishi UFJ Financial provided US$ 21.2 billion in loans and underwriting to developers of new metallurgical coal between 2016 and 2022. Find further details on Mitsubishi UFJ Financial’s metallurgical coal financing and and how it compares to other large banks globally in the report.

Reclaim Finance tracks the metallurgical coal policies of financial institutions, including banks, in their Coal Policy Tool. BankTrack works closely with Reclaim Finance and endorses their policy assessments. Find further details on their assessment of Mitsubishi UFJ Financial’s metallurgical coal policy below.

According to a report by Reclaim Finance, between 2016 and June 2023, Mutsubishi UFJ Financial Group provided $5.5 billion in finance to the fossil-steel industry, making it the 26th largest financier worldwide. Find further details on Mitsubishi UFJ Financial Group's steel financing and how it compares to other large banks globally in the report. 

Metallurgical Coal Financing: Time to call it off 2023

Coal policy tool

Steeling our future: The banks propping up coal-based steel