MC's CSR & Environmental Affairs Advisory Committee is made up of nine external experts. In the year ended March 2012, the committee held meetings in April and October 2011, and provided advice on the MC Group's CSR and environmental activities. At the May 2012 meeting, the committee members expressed their views on creating sustainable societal and environmental value, carbon management and the Mitsubishi Corporation Disaster Relief Foundation among other themes.

• We see conflicts among the three forms of value—economic, societal and environmental—and believe it is important to balance these priorities. Furthermore, we believe it is important for management to embrace the concept that sustainable activities lead to corporate profits and communicate that inside and outside the company.
• We think the company should incorporate outside perspectives and thinking as it aims for higher societal and environmental value. While gauging the creation of positive value in businesses, we also think that it is important to assess the negative impact of business activities and to generate benefits that exceed them.

• There is heightened concern worldwide, as well as increasing international debate, about the advance of global warming. In the aftermath of the 2011 Great East Japan Earthquake, we think there is a need to watch cases in Japan where initiatives geared toward reconstruction are divergent from world trends. We think there will probably be even more requests for MC to implement measures for environmental protection.
• We think that if the company does not measure cases that have an indirect impact on CO₂ emissions it may be seen as using only positive data for its convenience.

• We think that MC's support for disaster-stricken regions has been wonderful. We hope that the company continues to support those regions while staying attuned to local needs. At the same time, we also think it is important to incorporate views from outside the affected regions in reconstruction support activities.