Japan's MUFG to leave climate banking alliance amid Trump-driven exodus

Lenders exit net zero initiative as U.S. puts pressure on ESG efforts

20250318N MUFG

MUFG was an active member of the climate change banking alliance. (Source photos: Nikkei)

YUKI NAKAMURA

TOKYO -- Japan's Mitsubishi UFJ Financial Group plans to withdraw soon from an international banking framework that supports decarbonation efforts, joining fellow Japanese and Wall Street banks exiting the initiative amid backlash in the U.S.

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