| Red Line | Text of policies | Comments | Score |
|---|---|---|---|
| Regulatory requirements | |||
| Ensure Legality | MUFG Environmental and Social Policy Framework: Prohibited Transactions (...) A Illegal transactions and transactions for illegal purposes C) Forestry Sector We request our clients to certify the relevant operations according to internationally recognized certification organizations such as (...) (“FSC”) and (...) (“PEFC”), (...) in countries other than High Income OECD countries. We will request our clients to submit action plans to achieve certification when relevant operations are not certified. Human Rights Principles: MUFG is guided by the following international principles for human rights: Universal Declaration of Human Rights; Declaration on Fundamental Principles and Rights at Work (ILO); Guiding Principles on Business and Human Rights (...) In addition, MUFG supports and promotes the following international initiatives: The OECD Guidelines for Multinational Enterprises; The United Nations Global Compact; Principles for Responsible Investment (PRI); Equator Principles (...) While national governments are primarily responsible for protecting the human rights of their citizens, MUFG supports and respects internationally recognized human rights standards, regardless of whether the national legislation of the relevant country contains such protections or not. In countries where local legislation conflicts with internationally recognized human rights standards, MUFG seeks to respect international standards. | The bank requires transactions to be legal, and for Human Rights issues it requires compliance with relevant international conventions. However this is not required for other issues, like logging or pollution. FSC and PEFC certification are not sufficient. | partly |
| No Corruption and Tax Evasion | Efforts to prevent bribary: In response to the tighten control over anti-bribery in the international community, MUFG has made the development of the necessary rules regarding the support of overseas anti-bribery regulations as one of the important issues. In addition to enacting the "MUFG Anti-Bribery Policy" on a groupwide basis, we are putting in place anti-bribery rules, regulations and procedures for each Group company and stepping up management preparedness. We conduct training and education in an effort to ensure that these measures are well known and to entrench rules. | The bank has implemented measures to combat bribary, but it is not clear to what extend it requires clients to implement these or other measures against corruption and tax evasion | not |
| Ensure ESIA for mills and plantations | No publicly available policies or documentation were found that cover this criteria. | not | |
| Social requirements | |||
| Ensure FPIC | No publicly available policies or documentation were found that cover this criteria. | not | |
| Respect Human Rights | MUFG Environmental and Social Policy Framework: Prohibited Transactions: F) Transactions involving the use of child labor or forced labor ; Human Rights Policy: MUFG expects its clients to respect human rights and avoid any human rights violations. Human Rights Principles: MUFG is guided by the following international principles for human rights: Universal Declaration of Human Rights; Declaration on Fundamental Principles and Rights at Work (ILO); Guiding Principles on Business and Human Rights (...) In addition, MUFG supports and promotes the following international initiatives: The OECD Guidelines for Multinational Enterprises; The United Nations Global Compact; Principles for Responsible Investment (PRI); Equator Principles (...) While national governments are primarily responsible for protecting the human rights of their citizens, MUFG supports and respects internationally recognized human rights standards, regardless of whether the national legislation of the relevant country contains such protections or not. In countries where local legislation conflicts with internationally recognized human rights standards, MUFG seeks to respect international standards. | Human rights are well protected and key international conventions are referenced. | well |
| Respect Indigenous rights and customary land use rights | MUFG Environmental and Social Policy Framework: Restricted Transactions: A) Impact on Indigenous Peoples Communities B) Land expropriation leading to involuntary resettlement | The bank has restrictions on transactions that impact indigenous people, but does not mention FPIC. It also does require protection for the rights of other impacted local communitiies. | partly |
| No forced resettlement | MUFG Environmental and Social Policy Framework: Restricted Transactions: B) Land expropriation leading to involuntary resettlement | The bank has restrictions on transactions that impact indigenous people, but does not mention FPIC nor resettlement. It also does require protection for the rights of other impacted local communitiies. | partly |
| Environmental Requirements | |||
| No forest degradation and deforestation | MUFG Environmental and Social Policy Framework Prohibited Transactions: (...) C) Transactions that negatively impact wetlands designated under the Ramsar Convention D) Transactions that negatively impact UNESCO designated World Heritage Sites Restricted transactions C) Impact on High Conservation Value areas | The bank prohibits some transactions, but it only restricts others like those that impact HCV.There is no prohibition on converting natural forests | partly |
| Protect endangered species | MUFG Environmental and Social Policy Framework Prohibited Transactions E) Transactions violating the Convention on International Trade in Endangered Species of Wild Fauna and Flora (Washington Convention) | There is a prohibition on trade in species protected by CITES, but not for those on the IUCN Red list | partly |
| No high-risk species | No publicly available policies or documentation were found that cover this criteria. | not | |
| No fire | No publicly available policies or documentation were found that cover this criteria. | not | |
| Protect peat | No publicly available policies or documentation were found that cover this criteria. | not | |
| No persistent pollution | No publicly available policies or documentation were found that cover this criteria. | not | |
| Corporate association / scope of the policy | |||
| Corporate association / scope of the policy | No publicly available policies or documentation were found that cover this criteria. | not |
