Mitsubishi Corporation

Key Sustainability Issues (Materiality) Themes of Key Importance for MC's Sustainable Growth

Approach to Identifying Our Key Sustainability Issues

Responding to global sustainability issues, including meeting or exceeding the rising expectations of our stakeholders, has an increasing impact on MC's longterm growth year by year. In recognition of this fact, we have stepped up our efforts to simultaneously generate economic value, societal value, and environmental value by pursuing businesses that generate value for societies as part of the vision set forth in Midterm Corporate Strategy 2018. We have identifi ed key issues for MC's sustainable growth as mileposts to help us realize the simultaneous generation of these three kinds of value in a proactive, integrated manner based on the nature of our business as a sogo shosha.

Overview of the Identification Process

  • Step1Creating a list of potential themes

    Based on external guidelines including the ISO International Standards and the Sustainable Development Goals (SDGs)*1, MC compiled a comprehensive longlist of potential themes that the entire company should take into account in order to achieve long-term, sustainable growth.

  • Step2Gauging the importance of each theme based on internal and external perspectives

    We assigned a weighting to each theme identified in Step 1 based on the potential scale of impact in terms of both opportunities and risks that will influence MC's sustainable growth. The perspectives of MC's groups and business groups (horizontal axis) as well as those of our external stakeholders*2 (vertical axis) were gathered. We then compiled a shortlist of themes that we determined to be highly material from both perspectives.

  • Discussion with members of the CSR & Environmental Affairs Advisory Committee

    Step3Determining the Key Sustainability Issues

    We reexamined the themes identified as most important in Step 2 while incorporating the views of our external stakeholders, including those of our CSR & Environmental Affairs Advisory Committee. Then, after careful consideration by the Board of Directors, the Key Sustainability Issues were finalized.

*1:The Sustainable Development Goals for 2030 set out by the United Nations General Assembly in 2015

*2:Various stakeholders including institutional investors, NGOs and outside experts

We identified seven key sustainability issues with the goal of simultaneously generating the three kinds of value which are essential for MC to achieve sustainable growth. Through initiatives that address each of these themes, MC will strive to create businesses that generate value for societies.

Key Sustainability Issues (Materiality)

  • Transitioning to a Low-carbon Society
  • Procuring and Supplying in a Sustainable Manner
  • Tackling Evolving Regional Issues
  • Addressing the Needs of Society through Business Innovation
  • Conserving the Natural Environment
  • Growing Together with Local Communities
  • Fostering Our Employees' Maximum Potential
  • Issues

    Overview

    Initiative examplesInitiative
    example

    • Issues

    • Transitioning to a Low-carbon Society

    • Overview

    • Climate change is an issue that has the potential to impact every aspect of our business activities. We are working to anticipate and address these impacts, while at the same time actively pursuing businesses that facilitate the transition to a low-carbon society and reduce greenhouse gas (GHG) emissions.

    • Initiative example

    • Offshore wind power project in the Netherlands

    • We constructed and operate an offshore wind farm with Eneco in the Netherlands. Since starting operation in 2015, the project's 43 turbines have supplied clean electricity to 150,000 households in the country, contributing to the transition to a low-carbon society.

    • Issues

    • Procuring and Supplying in a Sustainable Manner

    • Overview

    • One of MC's most important roles is to ensure stable, long-term procurement and supply of resources, raw materials and other inputs that support people's lifestyles in line with the needs of Japan and every other country and region in which we do business. Going forward, we will continue to implement a sustainable approach to procurement and supply operations while taking into account environmental and social factors not only in our own business but also throughout our supply chains.

    • Initiative example

    • The Donggi-Senoro LNG project in Indonesia contributes to a stable supply of natural gas

    • This LNG project is being operated exclusively by Asian companies without the involvement of major resource companies. As the largest shareholder in this project, MC contributes to the stable supply of energy in Japan as well as throughout East Asia.

    • Issues

    • Tackling Evolving Regional Issues

    • Overview

    • As a company with business operations across the globe, it is important for MC to ascertain the issues faced by various countries and regions in an appropriate and timely manner, as well as to contribute to resolving those issues. MC will continue to take appropriate steps to address geopolitical risk while at the same time contribute to the development of the countries and regions in which we do business by proactively providing solutions to relevant issues.

    • Initiative example

    • The Thilawa industrial park development project contributes to economic development in Myanmar

    • MC is helping to create local employment and facilitate the growth of industrial infrastructure in Myanmar by developing this industrial park in Thilawa, located on the outskirts of Yangon. The site opened in September 2015 as the result of the efforts of partners in both Japan and Myanmar, and it is making steady progress.

    • Issues

    • Addressing the Needs of Society through Business Innovation

    • Overview

    • MC has consistently provided added value in line with the needs of the times by evolving of our business models. We will continue to work to address the needs of society by creating innovative business solutions while keeping a pulse on major industrial shifts brought about by technological advances.

    • Initiative example

    • Collaborating with Tata to pursue IT businesses

    • Leveraging partnerships between companies including Tata Consultancy Services (TCS) and our overseas facilities such as our branch offi ce in Silicon Valley, MC gathers information about new technologies and business models. We are also developing businesses in industrial sectors where the adoption of digital technologies is having a major impact.

    • Issues

    • Conserving the Natural Environment

    • Overview

    • Recognizing the Earth as our largest stakeholder, MC works to ensure the continuity of its business by preserving biodiversity, reducing the environmental impact of its operations and conserving the natural environment.

    • Initiative example

    • The Tropical Forest Regeneration Experimental Project is conducted in 4 countries.

    • In 1990, we launched this experimental project in Malaysia with the goal of rapidly regenerating degraded rainforests. Today, the trees planted at the outset are more than 20 meters tall, and we have expanded this project to Brazil, Kenya and Indonesia.


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    • Issues

    • Growing Together with Local Communities

    • Overview

    • It is important to engage and grow together with a variety of stakeholders in each region where we undertake business activities. In addition to contributing to regional development through our business, we will continue to work to create bonds with local communities through corporate philanthropy initiatives and other means.

    • Initiative example

    • Supporting technical education at a center for plastic molding and fabrication training

    • Expanding employment opportunities for young workers is a key issue in Saudi Arabia. MC collaborates with several companies representing local industrial organizations as well as partners such as the Technical and Vocational Training Corporation and the Ministry of Energy, Industry and Mineral Resources to support operations at a center for plastic molding and fabrication training.

    • Issues

    • Fostering Our Employees' Maximum Potential

    • Overview

    • MC's employees are a diverse group not only in terms of gender and nationality, but also with respect to their lifestyles and values. In order to continue to create corporate value in a sustainable manner amidst rapid globalization and diversifi cation of our business, we will continue efforts to create working environments where the members of our diverse workforce are able to realize both personal and professional growth as they share values in a spirit of mutual learning.

    • Initiative example

    • Jason Stevens, the newly appointed President & CEO of Mitsubishi International Corporation

    • MC takes a comprehensive, global approach to human resources and career development. Through phased training programs and experience through overseas assignments, our employees worldwide are able develop professionally and contribute to the Company.


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