Sustainable Deposits Framework for APAC
About the Framework
As part of our broader sustainability strategy, MUFG has established the Sustainable Deposits Framework for sustainabilty deposits in Asia Pacific that are offered to eligible corporate or retail customers seeking to invest surplus liquidity in an interest-bearing product designated to fund MUFG’s Environmental, Social, and Governance (ESG) financing commitments.
MUFG earmarks net proceeds from these deposits to effectively finance or refinance, in part or in full, new and/or eligible sustainability-linked or social products that fall under Eligible Activities listed in this Framework and continually monitor the allocated funds thereafter.
The Framework was developed in collaboration with sustainability consultant ERM. It covers:
- Eligible sustainability-linked and social themes and activities, inluding key crtieria for specific indicators, targets, loan/bond characteristics, reporting, and verification.
- Social loans and bonds financing, and the proceeds that align with the UN Sustainable Development Goals (SDGs).
MUFG earmarks net proceeds from these deposits to effectively finance or refinance, in part or in full, new and/or eligible sustainability-linked or social products that fall under Eligible Activities listed in this Framework and continually monitor the allocated funds thereafter.
The Framework was developed in collaboration with sustainability consultant ERM. It covers:
- Eligible sustainability-linked and social themes and activities, inluding key crtieria for specific indicators, targets, loan/bond characteristics, reporting, and verification.
- Social loans and bonds financing, and the proceeds that align with the UN Sustainable Development Goals (SDGs).
About MUFG's sustainable deposits and how it works
MUFG's sustainable deposits are matched against an aggregated basket of eligible Sustainability-Linked (SLLs) or Social Loans as stated by this Framework.
MUFG uses the aggregate committed amounts of eligible loans recorded by its entities to determine the size of the overall sustainable deposits capacity, with the objective of ensuring they do not exceed eligible loans for a sustained period. MUFG will ensure this as part of the annual reconciliation process.
Pending full allocation of the proceeds, the balance of unallocated proceeds will be held in cash or cash equivalent instruments in line with MUFG’s treasury management.
Contact your local MUFG sales representative for more information about our sustainable deposits and the framework.
MUFG uses the aggregate committed amounts of eligible loans recorded by its entities to determine the size of the overall sustainable deposits capacity, with the objective of ensuring they do not exceed eligible loans for a sustained period. MUFG will ensure this as part of the annual reconciliation process.
Pending full allocation of the proceeds, the balance of unallocated proceeds will be held in cash or cash equivalent instruments in line with MUFG’s treasury management.
Contact your local MUFG sales representative for more information about our sustainable deposits and the framework.