Kojima Masao, regional head of MUFG Bank Vietnam (left) and Shintaro Suzuki, director and head of Asia-Pacific Regional Business, Zeroboard, Inc., at the signing ceremony

Through this MoU, the companies will support the decarbonisation journeys of MUFG’s corporate customers, collaborate in the promotion of sustainability efforts in Vietnam and Japan, and foster greater economic linkages between the two countries.

The partnership reaffirms MUFG’s dedication to being a trusted partner to its clients and its unyielding commitment to empowering a brighter future.

In Japan, where the bank is headquartered, MUFG entered into a business alliance agreement with Zeroboard in 2021, culminating in an investment in the startup in 2023. By combining Zeroboard’s capabilities with MUFG’s banking products and services, the bank will provide a comprehensive suite of solutions to its customers. To date, the bank has introduced Zeroboard's services to over 300 companies around Japan.

As the race towards net-zero intensifies, this partnership will be crucial in deepening business collaboration between MUFG Bank Vietnam and Zeroboard.

Under the MoU, MUFG will introduce Zeroboard to its corporate customers, while Zeroboard will provide GHG emissions calculation and data visualisation services measuring energy usage across production lines, waste treatment, and supply chains.

To better support customers with their decarbonisation efforts, MUFG offers a comprehensive suite of environmental, social, and governance (ESG) financing solutions.

The companies will support the decarbonisation journeys of MUFG’s corporate customers

Kojima Masao, regional head of MUFG Bank Vietnam said, “MUFG Bank understands the various challenges clients face in managing sustainability. There is a general lack of understanding around ESG reporting and insufficient data for incorporating ESG considerations into business strategy. Additionally, Scope 3 GHG emissions data collection and reporting continues to be difficult as these emissions occur beyond a company’s operational reach."

"Therefore, MUFG Bank has been striving to support clients in overcoming these challenges, through active dialogue and engagement. Beyond banking solutions, MUFG provides regular market intelligence such as MUFG Transit, a monthly publication on the latest ESG developments in the Asia-Pacific region. With Zeroboard’s capabilities and MUFG’s deep financial expertise, we can enhance our clients’ transition to more sustainable business practices in Vietnam, in alignment with their ESG commitments and targets.”

Representatives of MUFG Bank, Vietnam and Zeroboard, Inc.

Shintaro Suzuki, director and head of Asia-Pacific Regional Business, Zeroboard, Inc. said, “Our excitement knows no bounds as we extend our collaboration with MUFG Bank Vietnam. Zeroboard, a software solution developed by us, enables corporations to calculate, visualise, and manage the reduction of their supply chain GHG emissions by simply importing or linking relevant activity data."

"It is used extensively in major corporations to aid their GHG management efforts, eliminating the need for high-cost consulting services or packaged products. With the integration of MUFG’s network and our advanced applicability technology, our aspiration is to set Zeroboard as the unquestioned standard for GHG data infrastructure, and thereby increase our visibility in Asia together," Suzuki said.

Under the current medium-term business plan 2024-2026, MUFG has raised its commitment to sustainability-related financing from JPY35 trillion to 100 trillion ($244-698 billion) by 2030.