MUFG and JICA establish sustainable finance framework

It will be applied by MUFG and four partner banks in Southeast Asia.

MUFG and its subsidiary MUFG Bank have established a sustainable finance framework with the Japan International Cooperation Agency (JICA).

The framework defines sustainable finance requirements for co-financing to be provided by MUFG Bank and its partner banks Krungsri (Bank of Ayudhya), Bank Danamon (Indonesia), VietinBank (Vietnam), Security Bank (the Philippines), and their consolidated subsidiaries.

The framework applies to green loans, social loans, and sustainability loans.

Moody’s, as an independent third party, evaluated the framework as “being consistent with various international principles and guidelines for sustainable finance,” according to MUFG.