Establishment of the MUFG Bank-JICA Sustainable Finance Framework
MUFG and its consolidated subsidiary MUFG Bank have established a Sustainable Finance Framework (“the Framework”) with Japan International Cooperation Agency (JICA). The Framework defines the sustainable finance requirements for co-financing to be provided by MUFG Bank and its partner banks Krungsri (Bank of Ayudhya, in Thailand), Bank Danamon (Indonesia), VietinBank (Vietnam), Security Bank (the Philippines), and their consolidated subsidiaries (collectively, “Partner Banks”) with JICA.
The Framework applies exclusively to projects that contribute to the resolution of environmental and social issues, and facilitates the following types of loans: green loans, which are extended to projects that address environmental impact, social loans, which are for projects that address social issues, and sustainability loans, which are for projects that are aimed at resolving both environmental and social issues.
The Framework, established through collaboration between JICA and MUFG Bank, has been evaluated by Moody’s, an independent third party, as being consistent with various international principles and guidelines for sustainable finance.
MUFG Bank, its Partner Banks, and JICA will utilize the Framework to promote the origination of sustainable finance in developing countries. By facilitating the funding of projects that help to resolve environmental and social issues, the Framework is also expected to contribute to the achievement of the Sustainable Development Goals (SDGs).
Through the Framework, MUFG Bank, its Partner Banks, and JICA will redouble their efforts to realize a sustainable future.
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