Climate Change : External Collaboration

MC recognizes the necessity for close collaboration and co-creation with various stakeholders in order to effectively respond to climate change and achieve a decarbonized society. To that end, we will actively engage wide range of stakeholders – including partner companies, governments, local municipalities, investors, NGOs, and industry associations – to create MC Shared Value by elevating and driving the transition to a carbon neutral society and creating new industries to address challenges facing society and industry on the themes of (1) utilizing renewable energy and other local energy resources, (2) creating new “Carbon Neutral (CN)” industries, and (3) developing vibrant communities by helping to resolve regional issues. Below are some specific examples of how we engage with and build partnerships with external stakeholders.

When it comes to addressing some of the key challenges we face in carving a path to a carbon neutral society and decarbonising our portfolio, MC collaborates with a variety of partner companies that share this ambition. The specific areas of collaboration can be divided into the below six categories.

For an in depth exploration of these initiatives please view the relevant contenthere.

MC supports and advocates for global and local initiatives that contribute to the realization of a decarbonized society such as the expansion of renewable energy, the development and societal implementation of next-generation technologies such as CCUS and hydrogen, and increased climate-related and other ESG disclosures. MC participates in seminars and training sessions hosted by the Japanese Ministry of Economy, Trade and Industry and Ministry of the Environment, and holds individual discussions on themes such as the expanded utilisation of TCFD guidelines and proliferation of renewable energy.
In particular, as a planning committee member of the TCFD consortium, MC actively participates in activities to support Japanese companies’ response to climate change. Furthermore, we are participating as a key member in discussions on the establishment of various regulatory frameworks in the Public-Private Fuel Ammonia Promotion Council^*1 and the Public-Private Council for Promoting the Introduction of SAF^*2, both led by the Japanese Ministry of Economy, Trade and Industry.

Through direct discussions with investors and NGOs, we have received valuable insight and opinions regarding expectations in relation to our strategies toward the transition to a decarbonized society and our policies for individual businesses, and reflect these in our considerations for business policies and measures. In FY2023, we held approximately 40 discussions with investors on sustainability, and 82(Japan:5, Europe:29, Americas:48) discussions with NGOs.

MC promotes initiatives that contribute to the transition to a decarbonized society through active participation in climate change working groups. When joining or remaining a member of an industry group, we confirm that their climate change initiatives are in line with MC's basic policies. Through active participation in working groups and opinion exchanges related to climate change, mainly with the Japan Business Federation (Keidanren), the Japan Foreign Trade Council, and the World Business Council for Sustainable Development (WBCSD), each of which MC is a member, we are promoting activities aimed at the transition to a decarbonized society.