MUFG - Mitsubishi UFJ Financial Group
This collaboration empowered First Sentier Investors to achieve their near-term renewable energy target of 80% renewable energy by 2025, strengthen audit readiness, and advance their efforts to drive sustainability.
California, USA, and Tokyo, Japan, January 31, 2023 - SINAI Technologies announced today that it has been chosen to implement its Decarbonization platform for MUFG (Mitsubishi UFJ Financial Group, Inc.), one of the world’s leading financial groups whose headquartered in Tokyo and with over 360 years of history. SINAI is automating global greenhouse gas emissions (GHG) calculations across MUFG’s operations.
Since the 2020 fiscal year, MUFG has been gathering data across its operations to disclose Scope 1 (direct) and Scope 2 (indirect from purchased energy) emissions. Gathering and consolidating this information has proven to be cumbersome and time-consuming, requiring significant time and resources to ensure that the data is accurate.
SINAI is pleased to have been selected as the software and advisory partner supporting MUFG’s emission monitoring and reduction efforts. SINAI’s Decarbonization Intelligence platform – available in three languages, including Japanese and English – will standardize and simplify MUFG’s emission monitoring across 2,100 locations in over 50 countries. SINAI was selected because its platform allows MUFG to automate calculations, improve workflow efficiency, and analyze emissions data to create a long-term decarbonization pathway.
“We are delighted to be supporting MUFG in reaching its net zero goals,” said Maria Fujihara, Founder and CEO of SINAI Technologies. “At SINAI, we believe that industry leaders with more reliable data and better collaboration have higher chances of reaching net zero and prosper in a low-carbon economy by doing so. We are grateful for our customers and their leadership in investing in technological solutions to guarantee that their goals will be achieved on time.
”This announcement comes after SINAI announced a $22M Series A funding round featuring two Japanese-owned investment firms – Presidio Ventures (from Sumitomo Corporation) and NEC Translink Capital. Part of this investment will be used to help SINAI expand in Japan.
Last year, SINAI’s Decarbonization Intelligence platform tracked over 17 billion kg of Scope 1 CO2e and 143 million kg of Scope 2 CO2e. By connecting detailed carbon inventories to company-specific financial data, SINAI also helped those customers model more than 750 mitigation options.
To learn more about SINAI Technologies, visit: www.sinai.com, or watch a quick video that explains Decarbonization Intelligence.
About SINAI Technologies
SINAI Technologies Inc. is a Decarbonization Intelligence platform built to help organizations to build decarbonization strategies. Its decarbonization platform enables more intelligent carbon emission measurement, reporting, mitigation and scenario analysis for organizations using science-based methodologies. To learn more, visit: www.sinaitechnologies.com or follow us on Twitter @SINAICarbonTech or LinkedIn @SINAI Technologies Inc.
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