Mitsubishi UFJ Trust and Banking Corporation has announced that it has set interim targets for 2030 Net Zero GHG emissions to achieve net zero GHG emissions by 2050.

The group aims for Net Zero by developing products that contribute to Net Zero and collaborating with asset owners and other stakeholders, while also assisting investee companies in their transition through stewardship activities such as engagement and voting rights.

To more effectively implement these measures, Mitsubishi UFJ Trust and Banking Corporation, Mitsubishi UFJ Kokusai Asset Management Co, MU Investments Co, and Mitsubishi UFJ Asset Management (UK) Ltd. will collaborate as MUFG AM.

MUFG AM aims to contribute to the goal of Net Zero GHG emissions by 2050 or earlier, as well as to align investment activities with Net Zero by 2050 or earlier.

With Net Zero Asset Managers Initiative (NZAM) commitments, this initiative will provide an opportunity to promote Net Zero measures.

Under the initiative, 1,000 companies with high GHG emissions (equivalent to more than 90% of the portfolio) will be chosen from among the four companies participating in NZAM under MUFG AM, with those with a larger invested amount prioritised as part of the engagement to support their transition strategy.

MUFG AM encourages companies that have not sufficiently responded to ESG issues, including climate change, or have shown no signs of improvement following dialogues to be more responsible in exercising voting rights.

MUFG AM is assisting investee companies in their transition to Net Zero and contributing to the achievement of a low-carbon/decarbonized society.

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