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MUFG Green Bond Reporting (Issue Date 9-Oct-18)

Allocation of funds (as of the end of March 2020)

The full amount of the net proceeds from the sale of the EUR 500 million MUFG Green Bonds issued in October 2018 is allocated to Eligible Green Projects. By type of certification, DBJ Green Building Certification, CASBEE and both of them accounted for 54%, 21% and 25%, respectively. In terms of asset type, Office represented the largest portion. All of them are located in Japan. (See the charts below for details for your reference.)
Allocation of the funds by certification
Allocation of the funds by asset type

Environmental Impacts (as of the end of March 2020)

The avoided annual CO2 emissions from Eligible Green Projects to which proceeds from the MUFG Green Bonds issued in October 2018 are 1,924 tons, which is calculated in consideration of MUFG bank's share of financing for each J-REIT (note1), which possesses eligible green buildings. The annual avoided CO2 emissions are calculated based on the below formula.

 

CO2 emission reductions = Tracked CO2 emissions – Benchmark CO2 emissions

 

Benchmark CO2 emissions = Floor space (m2) × Benchmark energy consumption (note2) (MJ / m2)× Carbon intensity (kg-CO2 / MJ)

  1. MUFG Bank's share of financing for each J-REIT is derived as the proportion of MUFG Bank's loan to the total amount of interest-bearing debt
  2. Benchmark energy consumption is published by Comprehensive Assessment System for Built Environment Efficiency (CASBEE)
Annual CO2 emissions avoided (t-CO2)
Office Retail Property Others Total
Office
1,047
Retail Property
133
Others
745
Total
1,924

Disclosure Policy (conducted in June 2019)

MUFG has received a report on the allocation of amounts equivalent to the net proceeds from the sale of its Green Bond issued in October 2018 from Sustainalytics in the Netherlands, and the CFO of MUFG has provided management assertions with respect to such allocation.

ESG evaluation loans for J-REIT

Among the eligible green building projects (note), loans to fund eligible green buildings owned by J-REITs that are rated within the top three by MURC through MURC's ESG evaluation methodology for J-REIT may be prioritized for green bond allocations when the loans are applied as “ESG evaluation loans for J-REIT”.
  1. Eligible green buildings are buildings which have received or will receive at least one of the following levels. We confine eligible projects to buildings of which the CO2 emission are trackable (62% of all the eligible green buildings).
  • DBJ Green Building Certification: 5 Stars or 4 Stars
  • CASBEE: S Rank or A Rank
  • LEED: Platinum or Gold
  • BREEAM: Outstanding or Excellent
United Urban Investment Corporation
Mallage Kashiwa
Mallage Kashiwa
<Address> 2-3-1 Oyamadai, Kashiwa, Chiba
<Completed> June 2004
<Asset type> Retail Property
Advance Residence Investment Corporation
RESIDIA TOWER Meguro-Fudomae
RESIDIA TOWER Meguro-Fudomae
<Address> 3-7-6 Nishigotanda, Shinagawa-ku, Tokyo
<Completed> January 2007
<Asset type> Residence
Kenedix Retail REIT Corporation
MONA Shin-Urayasu
MONA Shin-Urayasu
<Address> 1-5-1 Irifune, Urayasu, Chiba
<Completed> October 1990
<Asset type> Retail Property
Daiwa Office Investment Corporation
Shinjuku Maynds Tower
Shinjuku Maynds Tower
<Address> 2-1-1 Yoyogi, Shibuya-ku, Tokyo
<Completed> September 1995
<Asset type> Office
LaSalle LOGIPORT REIT
LOGIPORT Hashimoto
LOGIPORT Hashimoto
<Address> 4-7 Ooyama-cho, Midori-ku, Sagamihara-shi, Kanagawa
<Completed> January 2015
<Asset type> Logistics
Mitsubishi Estate Logistics REIT Investment Corporation
Logicross Fukuoka Hisayama
Logicross Fukuoka Hisayama
<Address> 2781-1 Hara, Kubara, Kasuya, Fukuoka
<Completed> October 2014
<Asset type> Logistics
SEKISUI HOUSE REIT, INC.
Garden City Shinagawa Gotenyama
Garden City Shinagawa Gotenyama
<Address> 6-7-29 Kitashinagawa, Shinagawa-ku, Tokyo
<Completed> February 2011
<Asset type> Office
Daiwa House REIT Investment Corporation
DPL Misato
DPL Misato
<Address> 1-3-5, Inter-Minami, Misato City, Saitama
<Completed> July 2013
<Asset type> Logistics
Global One Real Estate Investment Corp.
Toyosu Prime Square
Toyosu Prime Square
<Address> 5-6-36 Toyosu, Koto-ku, Tokyo
<Completed> August 2010
<Asset type> Office
(As of June 2020)
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