MUFG Launches Green Deposit Offering for EU Businesses

MUFG Bank announced today the launch of its Green Deposits offering in the EU, aimed at enabling corporate clients to allocate funds to environmentally sustainable projects.

Introduced in the U.S. in 2021, and in the UK in 2023, MUFG’s Green Deposit solution allow clients to place term deposits with the bank, which are in turn used to effectively finance assets that align with MUFG’s Green Deposit Framework. Developed with support from ESG ratings, data, and research provider Morningstar Sustainalytics, the framework covers a broad range of eligible sustainable activities, including renewable energy, energy efficiency, clean transportation, biodiversity, sustainable land-use and natural-resource management, sustainable water and wastewater management, green buildings, eco-efficient and circular-economy products, technologies and processes, and climate-change adaptation initiatives.

Mamoru Shibata, Head of Transaction Banking EU/EEA at MUFG Bank (Europe) N.V., said:

“Across the European market, sustainability continues to be an important priority for businesses, and we see strong value in extending this offering to the EU, providing clients with a solution that delivers both financial and non-financial value.”

Alongside the launch, MUFG also announced Subaru Europe as the first client to place funds through the new Green Deposits product.

Keigo Ino, Vice President, Subaru Europe said:

“We are pleased to be first to join an initiative that creates meaningful environmental benefits and contributes to a more sustainable future for our customers in Europe.”