The eligibility of environmental and social projects for financing is determined by a set of selection criteria outlines in MUFG’s Green, Social, and Sustainability Bond Framework presented below.
Green, Social, and Sustainability Bond Framework
This is a voluntary guideline formulated by the International Capital Markets Association (ICMA) to promote the transparency, disclosure, and reporting of green, social, and sustainability bonds and to promote market order. For more information, please refer to the official ICMA web site.
1. Use of Proceeds
- Eligible Green Projects

Real-estate properties which have earned one of the following:
- Gold or Platinum rating under LEED
- Excellent or Outstanding rating under BREEAM
- A or S rating under CASBEE
- 4 or 5 stars under DBJ Green Building Certification

The Equator Principles is a financial industry benchmark for identifying, assessing and managing environmental and social risks and impacts in large-scale projects, which is intended to serve as a common baseline and framework for financial institutions acting as lenders or financing advisers for clients.
Eligible projects need to be categorized as Category B or Category C under the Equator Principles.
- Eligible Social Projects



(※5)
Priority to be given to loans to operators using the Scheme for Compensation for Interest Rates on Special Zones for Reconstruction*6 or Subsidy Program for New Business Establishment in the Areas Recovering from Tsunami and Nuclear Disaster towards Employment Creation*7.
(※6)
This system supports the smooth implementation of projects by providing interest subsidies for five years to finance core projects of reconstruction promotion plans prepared by local governments and approved by the national government for the reconstruction of the disaster-stricken areas.
(※7)
Subsidies for the purpose of promoting industrial reconstruction and regional economic revitalization, mainly in areas where evacuation orders have been lifted, and through job creation, in areas such as the tsunami disaster zones that suffered particularly great damage from the Great East Japan Earthquake and evacuation order zones that suffered enormous damage from the nuclear disaster.

2. Process for Project Evaluation and Selection
Mitsubishi UFJ Research and Consulting has developed an ESG evaluation methodology, “MUFG ESG evaluation for J-REIT supported by JCR.”For more information, please refer to the official MURC web site (in Japanese).
3. Management of Proceeds
4. Reporting
MUFG may defer this disclosure as long as the funds are fully allocated to Eligible Green Projects and the allocation of the funds to individual projects that constitute Eligible Green Projects remains unchanged.
- Eligible Green Projects
·Renewable Energy: kWh of power generated for renewable energy projects and CO2 emission reduction
- Eligible Social Projects
·Education: The number of students receiving the educational services
·Employment Generation: The number of employments created and the number of loans provided to businesses including ones using the ‘System for Provision of Compensation for Interest Rates on Special Zones for Reconstruction’ or ‘Subsidy Program for New Business Establishment in the Areas Recovering from Tsunami and Nuclear Disaster towards Employment Creation’
·Affordable housing: The number of housing units provided
Detail information on the bond
Green Bonds
Pricing Date | Issue Date | Issue Amount (Mio) | Tenor | Second Opinion | Reporting |
---|---|---|---|---|---|
6-Sep-16
|
Issue Date
13-Sep-16
|
Issue Amount (Mio)
USD 500
|
Tenor
7year
|
Second Opinion
|
Reporting
|
19-Jan-18
|
Issue Date
26-Jan-18
|
Issue Amount (Mio)
EUR 500
|
Tenor
5year
|
Second Opinion
|
Reporting
|
1-Oct-18
|
Issue Date
9-Oct-18
|
Issue Amount (Mio)
EUR 500
|
Tenor
5year
|
Second Opinion
|
Reporting
|
7-Dec-18
|
Issue Date
18-Dec-18
|
Issue Amount (Mio)
USD 120
|
Tenor
10year
|
Second Opinion
|
Reporting
|
16-Jul-19
|
Issue Date
19-Jul-19
|
Issue Amount (Mio)
EUR 500
|
Tenor
10year
|
Second Opinion
|
Reporting
-
|
24-Sep-19
|
Issue Date
1-Oct-19
|
Issue Amount (Mio)
AUD 400
|
Tenor
5year
|
Second Opinion
|
Reporting
-
|
24-Sep-19
|
Issue Date
1-Oct-19
|
Issue Amount (Mio)
AUD 100
|
Tenor
5year
|
Second Opinion
|
Reporting
-
|
Social Bonds
Pricing Date | Issue Date | Issue Amount (Mio) | Tenor | Second Party Opinion | Reporting |
---|---|---|---|---|---|
6-Dec-19
|
Issue Date
12-Dec-19
|
Issue Amount (Mio)
USD90
|
Tenor
10year
|
Second Party Opinion
|
Reporting
-
|
All information contained in this communication prepared by MUFG has been provided for informational purposes only and is not a solicitation of any offer to buy or sell any security or other financial instrument. Investing in securities involves risks, and, when you invest in securities, there is always the potential of losing all or a portion of your invested money. Before acting on any information contained in this communication, you should carefully consider whether it is suitable for your particular circumstances and objectives, including but not limited to whether it is consistent with your understanding or expectation with respect to any details of specific Green, Social, and Sustainability Bonds relevant to you, and, if necessary, seek professional advice.