As stated in the press release by the Rainforest Action Network, we had the opportunity to meet with a delegation of residents from the U.S. Gulf Coast and listened to their opinions. Due to confidentiality concerns, we will refrain from commenting on individual transactions.

MUFG actively promotes a constructive dialogue with various stakeholders in order to deepen mutual understanding towards respect for human rights. In particular, we believe that a dialogue with stakeholders which may have human rights impacts through MUFG's business is an important element in achieving respect for human rights. We will strive to build a relationship of trust and collaboration with stakeholders by responding appropriately to their concerns, issues, and opinions, which will lead to MUFG's sustainable growth and enhancement of corporate value over the medium to long term.

MUFG recognizes that the environmental and social risks arising from the business activities of each group company are important management issue to be addressed appropriately. Based on this recognition, we established MUFG Environmental and Social Policy Framework in 2018 as a framework to cease, prevent, and mitigate adverse impacts on environment and society, including human rights issues, in the process of providing financing for corporate customers. MUFG Environmental and Social Policy Framework is regularly deliberated at the Sustainability Committee for its revision, and is revised as necessary based on changes in business activities, business environment, and dialogue with stakeholders, and to comply with state and local laws. In addition, large scale infrastructure development, resource development, etc. may have adverse impacts on the project sites and the surrounding communities and natural environment. In accordance with the Equator Principles, the Bank identifies risks and impacts on the environment and society, including the status of human rights considerations in the business of the borrowers and confirms the mitigation measures taken by them.

MUFG implements due diligence in accordance with MUFG Environmental and Social Policy Framework and the Equator Principles when any human rights issues are detected with a borrower / investee. If any concern about human rights issues is confirmed, MUFG checks the status of response by the borrower / investee and conducts stakeholder engagement and monitoring as necessary to ensure that corrective actions or recurrence prevention measures will be taken.

For detailed information on our initiatives respecting human rights, please refer to our website and Human Rights Report.

https://www.mufg.jp/english/csr/social/humanrights/index.html

https://www.mufg.jp/english/csr/report/humanrights/index.html