UPDATE 1-Mitsubishi UFJ pledges net zero emissions in finance portfolio by 2050
Reuters
3 hrs ago
TOKYO, May 17 (Reuters) - Japan's biggest lender, Mitsubishi UFJ Financial Group (MUFG) said it will aim for net zero emissions in its finance portfolio by 2050, responding to pressure to align its business with the targets set in the Paris Agreement on climate change.
The bank will also join the United Nations' Net-Zero Banking Alliance and be the first Japanese lender to do so, it said in a statement.
"In order to lead the way to solutions for climate change, one of the most serious issues facing the world, we will further expand support for customers' efforts towards decarbonisation," the statement said.