Mitsubishi UFJ Financial Group Inc is on the Cruelty Free Investing list for exploiting animals because they have holdings in GlaxoSmithKline Plc, a company criticized by Ethical Consumer in the following categories: Animal testing, irresponsible marketing, human rights, political activities and anti-social finance.
The company stated in the following report that they had holdings in GlaxoSmithKline Plc. (Page 12)
Mitsubishi UFJ Financial Group, Inc. operates as a holding company, which provides financial services through its subsidiaries. It operates through the following segments: Integrated Retail Banking Business Group, Integrated Corporate Banking Business Group, Integrated Trust Assets Business Group, Integrated Global Business Group, Global Markets and Others. The company was founded on April 2, 2001 and is headquartered in Tokyo, Japan. [Source: MarketWatch]
Company Website: http://www.mufg.jp