Promoting Sustainability Through Business
In order to continuously create societal and environmental value through our business activities, we have established a framework through which both Corporate StaffDepartments as well as Business Groups proactively promote sustainability.
Cycle for Integrating Sustainability into Business Strategy
- Following deliberations by the Sustainability Committee, the President and CEO as well as each Group CEO hold further Business Strategy Committee Meetings to discuss future strategy.
- In these meetings, policies for businesses that are deemed to be most affected by climate change are checked against the results of our 1.5℃ scenario analysis.
Sustainability Promotion Framework in Each Business Group
- To build-in and promote sustainability within the Business Group initiatives further, management personnel responsible for promoting business strategy in each Business Group have been appointed as Group Chief Sustainability Officers.
- To promote collaboration for sustainability within MC, MC holds meetings with Group Sustainability Managers as needed in order to share information and explain measures related to sustainability.
Incorporating Sustainability into Individual Projects
- Framework for putting forward proposal applications
MC confirms the significance of each business against our Materiality when screening proposals of investment and financing proposals. Identification of environmental and social risks and opportunities (including scenario analysis and carbon pricing impact analysis) is mandatory. - System for Screening Proposals
Within Sustainability Department, dedicated staff are appointed for each Business Group and are tasked with providing support and checks on both environmental and social risks and opportunities for individual proposals based on the latest external trends, stakeholder demands, and international standards. In addition, by having the General Manager of Sustainability Department serve as a member of the Investment Committee, MC has put a screening system in place to facilitate decision-making that takes into account specialized insight on environmental and social impacts.