MUFG Bank (Europe) N.V., a core banking subsidiary of MUFG, today announced the launch of its Green Deposits offering in the EU, marking an expansion of its sustainable financing capabilities in the region. Subaru Europe N.V./S.A., a subsidiary of Japanese vehicle manufacturer SUBARU CORPORATION, is the first client to place funds through the new product.

MUFG's Green Deposits allow corporate clients to allocate funds to environmentally sustainable projects such as renewable energy, clean transportation and energy efficiency under its Green Deposit Framework, while retaining the simplicity and security of a standard deposit. Following a successful UK rollout in 2023 by MUFG Bank, Ltd., the product's expansion into the EU reinforces MUFG's commitment to supporting clients' sustainability goals and broader environmental outcomes.

Subaru Europe's participation reflects its continued focus on sustainability. As the company accelerates its electrification strategy, including the rollout of new electric vehicle (EV) models in Europe, the Green Deposit provides an opportunity to align its financial activities with its environmental priorities and demonstrate this commitment to key stakeholders.

Mamoru Shibata, Head of Transaction Banking EU/EEA at MUFG Bank (Europe) N.V., said:

“Across the European market, sustainability continues to be an important priority for businesses, and we see strong value in extending this offering to the EU, providing clients with a solution that delivers both financial and non-financial value.

For Subaru Europe, the product offers a meaningful opportunity to demonstrate its commitment to sustainability to both consumers and investors. As it continues to expand its EV portfolio in the European market, Subaru Europe is well positioned to leverage this initiative to support its brand engagement and sustainability efforts."

Keigo Ino, Vice President, Subaru Europe commented:

“This first collaboration with MUFG in Europe reflects the strong alignment between our organisations and Subaru's global commitment to social responsibility, compliance and sustainable business practices. Subaru's business spans the earth, the sky and nature – from automotive mobility to aerospace and environmental initiatives. We are pleased to be first to join an initiative that creates meaningful environmental benefits and contributes to a more sustainable future for our customers in Europe."

To account for qualifying green activities within the Bank's portfolio, MUFG developed its Green Deposit Framework with support from Sustainalytics, a leading global ESG and corporate governance research, ratings and analytics firm.

MUFG's Green Deposits are a variation of existing global liquidity solutions at MUFG, meaning that clients are not obligated to open additional accounts. Green Deposits are also available in other markets such as North America and APAC.