MUFG Asset Management
As one of the world’s leading asset managers, MUFG Asset Management (MUFG AM) brings transformative solutions for global challenges with sustainable investment for our future. MUFG AM is our global brand for sustainable investing as one, and we are in this together with the climate action now. MUFG AM joined the Net Zero Asset Management initiative in October 2021, followed by its initial Target Disclosure in October 2022.
Percentage of assets covered by the Net Zero Asset Managers Commitment Statement
55% of total AUM (USD $299.93 billion)
Information on interim target(s) covering the proportion of assets to be managed in line with net zero
Portfolio decarbonisation reference baseline
Provided we will biannually review the interim target, we will be in a better position to set a baseline for the next time.
Portfolio decarbonisation reference target
Reduce portfolio GHG emissions by 50% in Economic Emissions Intensity.
GHG scopes included:
The targets covering Scope 1 and 2 emissions aim to include Scope 3 once data is sufficiently available.
Net Zero Investment Framework
The IPCC special report on global warming of 1.5 °C P2.
Proportion of AUM committed:
Proportion AUM Committed will be reviewed every other year.
Policy on coal and other fossil fuel investments:
The fossil fuel investment policy hasn’t been planned. However, we make efforts to support energy transition by engagement and stewardship activities to reduce coal and fossil fuels exposures of e.g. investee companies, while monitoring the decarbonization activities of investee companies. We believe these activities make positive impacts in the real economy in the long term.
The target is not verified by an external third party.