BCG Henderson Institute

MUFG and Financing the Energy Transition

"Our clients’ emissions are our emissions; our clients’ decarbonization is also our decarbonization. This is where our clients’ efforts and our efforts are very much aligned. This is why this is all about collaboration, not like competing with other banks, but rather [creating] a partnership and collaboration."

Tomohiro (Tomo) Ishikawa is a financial executive with more than 25 years of experience in investment banking, regulatory affairs, and sustainable finance. Currently serving as the chief regulatory engagement Officer at MUFG and head of the corporate planning division, Tomo also holds key positions in global sustainability initiatives, including membership in the MAS (Monetary Authority of Singapore) Sustainable Finance Advisory Panel and the UN Environment Programme Finance Initiative.

As one of Japan’s largest financial institutions, MUFG has committed to achieving net-zero emissions in its finance portfolio by 2050 and has pledged to provide ¥100 trillion (approximately US$660 billion) in sustainable finance by 2030.

In this conversation with Dave Young, the global leader of BCG Henderson Institute’s Center for Climate & Sustainability, Tomo highlights MUFG’s role as its clients’ partner in achieving net-zero targets and underscores the necessity of balancing energy security, affordability, and CO2 reduction in the transition process.

Interviewed by
  • David Young

    Global Leader, Center for Climate & Sustainability

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