Banks provide billions for Dirty Diesel traders while failing to act on human rights, says new briefing
- Of 26 banks contacted, not one has pressured companies over toxic fuel exports to Africa
BankTrack is the international tracking, campaigning and support organisation focused on banks and the activities they finance.
We aim to promote fundamental changes in the banking sector so that banks adopt just and sustainable business practices.
Karen Vermeer - BankTrack
Bank of Tokyo - Mitsubishi UFJ is the largest bank in Japan. It was established on January 1, 2006, with the merger of the Bank of Tokyo-Mitsubishi, Ltd. and UFJ Bank Ltd. The bank serves as the core retail and commercial banking arm of the Mitsubishi UFJ Financial Group (MUFG).
7-1, Marunouchi 2-Chome, Chiyoda-ku
Takashi Oyamada |
President & CEO
|Annual report||MUFG Report 2016|
listed on NYSE Euronext & Tokyo Stock Exchange
The Equator Principles are a voluntary commitment of banks to try to avoid or minimise the social, environmental and human rights impact of projects they finance. For more information on the Equator Principles see their website here and the campaign page of BankTrack here.
The Equator Principles exist already since 2003. Bank of Tokyo-Mitsubishi UFJ adopted the Equator Principles in 2005.
Bank of Tokyo-Mitsubishi UFJ reports annually on their implementation of the Equator Principles. The 2016 report can be found here.
Bank of Tokyo-Mitsubishi UFJ further reports on its portfolio of projects financed under the Equator Principles on the Equator Principles website, here.
Bank of Tokyo-Mitsubishi UFJ is involved in financing the following Equator Principles projects that BankTrack considers controversial.
True leader Front runner Follower Laggard
BankTrack has assessed Bank of Tokyo-Mitsubishi UFJ on its implementation of the UN Guiding Principles on Business and Human Rights in June 2016. Bank of Tokyo-Mitsubishi UFJ is assessed as a Laggard, with a total score of 0/12.
Bank of Tokyo-Mitsubishi UFJ is reporting on the implementation here.