In 2024, 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) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 26,807a | 27,424a | 31,051a | |
Total Scope 2 | ||||
Market-Based | 132,605a | 147,968a | 158,342a | |
Location-Based | 286,668a | 283,299a | 311,059a | |
Total Scope 3 | 3,497,333a | 1,427,088a | 1,150,221a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 0.6904a | 0.6031a | 0.8056a |
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In 2024, the total operational greenhouse gas (GHG) emissions of MUFG amounted to 313,475 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 2023, the total operational greenhouse gas (GHG) emissions of MUFG increased by 0.89%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
In 2024, the total Scope 1 emissions of MUFG were 26,807 metric tons of CO₂ equivalent (tCO₂e).a
Compared to the previous year (2023), MUFG's Scope 1 emissions decreased by 2.25%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2024, MUFG reported Scope 2 greenhouse gas (GHG) emissions of 132,605 tCO₂e using the market-based method and 286,668 tCO₂e using the location-based method.a
Compared to the previous year (2023), 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
In 2024, MUFG reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, MUFG reported 3,497,333 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 2024 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 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.a
In 2024, MUFG reported total Scope 3 emissions of 3,497,333 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
Since 2019, MUFG's Scope 3 emissions have increased by 116,051.88%, reflecting a rising long-term trend in Scope 3 emissions over time.ab
Compared to the previous year (2023), MUFG's Scope 3 emissions increased by 145.07%, suggesting that the company faced challenges in reducing emissions across its value chain.a
In 2024, 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.
In 2024, the largest contributors to MUFG's Scope 3 emissions were:a
In 2024, MUFG reported Scope 1 greenhouse gas (GHG) emissions of 26,807 tCO₂e and total revenues of USD 38,828 millions. This translates into an emissions intensity of 0.69 tCO₂e per millions USD.a
In 2024, MUFG reported a Scope 1 emissions intensity of 0.69 tCO₂e per millions USD. Compared to the peer group median of 0.56, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, MUFG ranked 17 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
MUFG is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, MUFG reported a total carbon footprint of 3,810,808 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 119.29% increase compared to 2023, 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 91.77% of the company's total carbon footprint, followed by Scope 2 emissions at 7.52%.a