March 21, 2023

Giant asian banks map decarbonization strategies

The financial institutions aim to put forward and implement key green financing strategies.

MUFG Bank and other Asian lenders will focus on how projects designed to reduce carbon emissions in Southeast Asia fit into national decarbonization strategies when making financing decisions. Lenders will assess whether each project and the companies involved align with decarbonization paths laid out by host countries. Currently, the banks also will refer to a list of emissions-reducing technologies compiled by the Economic Research Institute for ASEAN and East Asia since not all ASEAN members have published their respective decarbonization plans.