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

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