This article reports that MUFG Bank has launched its Green Deposits offering in the European Union, a product designed to let corporate clients allocate funds toward environmentally sustainable projects. First introduced in the United States in 2021 and in the United Kingdom in 2023, the Green Deposit solution allows clients to place term deposits with the bank, which in turn uses the funds to finance assets aligned with MUFG's Green Deposit Framework. Developed with support from ESG ratings and research provider Morningstar Sustainalytics, the framework spans a broad range of eligible activities, including renewable energy, energy efficiency, clean transportation, biodiversity, sustainable land-use and natural-resource management, sustainable water and wastewater management, green buildings, eco-efficient and circular-economy products and processes, and climate-change adaptation initiatives. A MUFG executive framed the EU launch as a response to the continued importance of sustainability for European businesses and said the product delivers both financial and non-financial value. The bank also announced Subaru Europe as the first client to place funds through the new offering, with a Subaru representative welcoming the initiative as a contribution to a more sustainable future... Click below to read more