Mitsubishi UFJ Financial Group Inc
MUFG's GHG Emissions Data Preview
In 2023, MUFG completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
MUFG has also provided a category-level breakdown for 3 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2023 | 2022 | 2021 | 2020 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
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Verified Sources Behind MUFG’s Greenhouse Gas (GHG) Emissions Data
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Insights into MUFG's Operational Emissions
In 2023, the total operational greenhouse gas (GHG) emissions of MUFG amounted to 310,723 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2). a
Compared to 2022, the total operational greenhouse gas (GHG) emissions of MUFG decreased by 9.17%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a
MUFG's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are MUFG's Scope 1 emissions?
In 2023, the total Scope 1 emissions of MUFG were 27,424 metric tons of CO₂ equivalent (tCO₂e). a
Compared to the previous year (2022), MUFG's Scope 1 emissions decreased by 11.68%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a
What are MUFG's Scope 2 emissions?
In 2023, MUFG reported Scope 2 greenhouse gas (GHG) emissions of 147,968 tCO₂e using the market-based method and 283,299 tCO₂e using the location-based method. a
Has MUFG reduced its Scope 2 emissions over time?
Compared to the previous year (2022), MUFG's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that MUFG 's emissions have plateaued with no significant change in its energy consumption footprint. a
What methodology does MUFG use for Scope 2 reporting?
In 2023, MUFG reported its Scope 2 emissions using the market-based method and using the location-based method. a
MUFG's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into MUFG's Value Chain Emissions
In 2023, MUFG reported 1,427,088 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a
The 2023 disclosure of MUFG includes a breakdown across 3 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year. a
MUFG's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are MUFG's Scope 3 emissions?
In 2023, MUFG reported total Scope 3 emissions of 1,427,088 metric tons of CO₂ equivalent (tCO₂e). a
Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% came from downstream activities like product use, distribution, and end-of-life treatment. a
Has MUFG reduced its Scope 3 emissions over time?
Since 2019, MUFG's Scope 3 emissions have increased by 47,295.82%, reflecting a rising long-term trend in Scope 3 emissions over time. a
Compared to the previous year (2022), MUFG's Scope 3 emissions increased by 24.07%, suggesting that the company faced challenges in reducing emissions across its value chain. a
What categories of Scope 3 emissions does MUFG disclose?
In 2023, MUFG reported emissions for 3 out of the 15 Scope 3 categories defined by the GHG Protocol. a
The limited disclosure restricts visibility into specific emission sources across the company's value chain.
What are the main sources of MUFG's Scope 3 emissions?
In 2023, the largest contributors to MUFG's Scope 3 emissions were: a
- Capital Goods (Cat. 2): 855,035 tCO₂e (59.91%)
- Purchased Goods and Services (Cat. 1): 522,999 tCO₂e (36.65%)
- Business Travel (Cat. 6): 49,054 tCO₂e (3.44%)
MUFG's Scope 3 Emissions by Categories
Insights into MUFG's Total Carbon Footprint
In 2023, MUFG reported a total carbon footprint of 1,737,811 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 16.45% increase compared to 2022, suggesting a rise in emissions across its operations or value chain. a
The largest contributor to MUFG's total carbon footprint was Scope 3 emissions, accounting for 82.12% of the company's total carbon footprint, followed by Scope 2 emissions at 16.3%. a