MUFG Releases 2020 Corporate Social Responsibility Report News provided by Share this article Share this article LOS ANGELES, May 27, 2021 /PRNewswire/ -- MUFG, a global financial group, today announced the release of its 2020 Corporate Social Responsibility Report, Resiliency and Progress: Corporate Social Responsibility in 2020, which details the company's efforts over its past fiscal year in environmental stewardship, community reinvestment, colleague support, and advancing racial equity. Following the unprecedented events of the pandemic year, the company is honored to recognize the hard work of its employees in continuing to put the needs of their communities at the heart of their work. The report includes efforts of MUFG throughout the Americas and highlights the initiatives of its retail operation, Union Bank, from April 2020 through March 2021. In June 2020, Union Bank established its Community Recovery Program, a $10 million initiative aimed at addressing social and racial injustices in the United States. Specifically focused on building economic stability, including supporting access to capital, entrepreneurship, job retention and retraining, the Community Recovery Program has already distributed grants totaling $3.3 million to over 125 community organizations during its first year. Funding for the program represents a portion of the fees Union Bank received processing Paycheck Protection Program loans.