MUFG Bank enters sustainable-linked loan with Yusen Logistics Vietnam

Representatives of MUFG Bank and Yusen Logistics took a photo at the signing ceremony on December 27

Yusen Logistics is a global provider of international freight forwarding and contract logistics service, providing solutions that span global supply chain operations. The company is aiming to decarbonise its operations through the reduction of greenhouse gas (GHG) emissions.

The company plans to invest in various environmental initiatives such as the procurement of renewable energy, converting existing logistics fleets to electric vehicles and targeting to develop the first its carbon-neutral logistics warehouse in Vietnam alongside LEED (Leadership in Energy and Environmental Design) certification by the United States Green Building Council.

In 2024, MUFG has introduced a number of environmental, social, and governance (ESG) financing solutions in Vietnam, ranging from green and social loans, green and sustainable deposits and green trade finance solutions to cater to the growing demand among corporate clients operating in Vietnam.

The sustainability-linked loan, MUFG’s first in Vietnam, is expected to support Yusen’s commitment to decarbonise its logistics operations and innovate towards solutions to address the challenge of reducing scope three emissions across supply chains. The addition of sustainability-linked financing solutions enhances MUFG’s role in sustainable development in Vietnam.

Colin Chen, MUFG’s head of ESG Finance Department for Asia-Pacific said, "This achievement reflects our dedication to driving sustainable finance in Vietnam and highlights our role as a key player in the global effort to decarbonise and operate sustainably across supply chains. We look forward to partnering with clients like Yusen to develop innovative solutions to reducing emissions."

Kojima Masao, MUFG’s regional head of Vietnam said, "A sustainable logistics industry is key to Vietnam’s overall development as its manufacturing and supply chain operations sectors grow in prominence. This loan facility underscores our ongoing focus on engaging and partnering with Vietnam’s top firms for the betterment of economic and sustainable development."

MUFG is Japan’s premier bank, with a global network spanning more than 40 markets. Outside of Japan, the bank offers an extensive scope of commercial and investment banking products and services to businesses, governments and individuals worldwide.

The bank maintains a presence across 18 Asia-Pacific markets – Australia, Bangladesh, China, Hong Kong, Indonesia, India, South Korea, Laos, Malaysia, Myanmar, New Zealand, Pakistan, Philippines, Singapore, Sri Lanka, Taiwan, Thailand, and Vietnam.

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