Dialogue with Stakeholders (Incorporating External Perspectives)
MC places great importance on its ability to identify and appropriately address the ever-changing demands of society. We engage in direct dialogue with investors including shareholders and NGOs, and hold discussions with local communities on individual projects. In addition, MC carries out supply chain surveys as part of its supply chain management. We regard constructive dialogue with all of our stakeholders and reflecting input from that dialogue onto our policies and actions as being vital to the achievement of sustainable mid to long-term enchancement of our corporate value.
Moreover, to better understand global environmental and societal trends, MC has established sustainability departments in Europe, the Americas, Southeast Asia and other regions to share information and coordinate with. MC is also a signatory of the UN Global Compact and a member of organizations such as the World Business Council for Sustainable Development (WBCSD). In addition, we reverage our Sustainability Advisory Committee, which we established in 2008 to incorporate external perspectives into our sustainability activities through their advice and recommendations.
Dialogue with Stakeholders in FY2023
In FY2023, MC held approximately 40 direct dialogues with shareholders on the topic of sustainability. MC also conducted 82direct dialogues with NGOs, including 5 in Japan, 29 in Europe and 48 in the Americas. These meetings provided valuable insights into stakeholders’ perspectives, including expectations in relation to our strategies toward the transition to a low-carbon/decarbonized society, as well as policies around individual fossil fuel projects. MC will consider the suggestions received and will strive to provide timely and appropriate disclosure of the response measures and policies it formulates.
Sustainability Advisory Committee
MC established the Sustainability Advisory Committee in 2008, consists of three external experts representing the perspectives of MC’s diverse stakeholders. The Committee acts as an advisory body to the Corporate Functional Officer (CSEO) . MC conveys its thinking on sustainability policies to Committee members and, with the aim of improving stakeholder engagement, receives advice and recommendations from them. Moreover, MC conducts tours of business sites for Committee members in order to deepen their understanding of MC’s businesses. The contents of advice and suggestions are as follows:
Main Topics
- Materiality
- Initiatives toward a low-carbon/decarbonized society
- Natural capital/Biodiversity
- Human rights/Supply chain management
- Stakeholder engagement
Sustainability Advisory Committee Members
| Miwa Yamada: | Director-General Inter-disciplinary Studies Center Institute of Developing Economies Japan External Trade Organization (IDE-JETRO) |
| Tokutaro Nakai: | Executive Advisor
Nippon Steel Corporation |
| Soichi Noguchi: | CEO Mirai Space Co., Ltd
Astronaut |
On-Site Observation Tour
In the fall of 2023, MC’s Sustainability Advisory Committee members visited the Tomakomai CCS Demonstration Project, in which we participate as an investor, and Hokkaido Airports Co., Ltd. (Hokkaido Airports), the operator of New Chitose Airport, established by a consortium of which MC is a member.
The Tomakomai CCS Demonstration Project is the first large-scale CCS demonstration test in Japan aimed at commercial scale CCS. Through the tour, we deepened our understanding of the effectiveness and safety of CCS and exchanged opinions on issues to be addressed to make CCS commercially viable.
Hokkaido Airports Co., Ltd., the operating company of New Chitose Airport and other airports in Hokkaido, informed us about the latest issues for the industry and local communities. In addition, we heard about the feasibility studies conducted by the New Energy and Industrial Technology Development Organization (NEDO) on the production and use of hydrogen at New Chitose Airport and surrounding areas. We were also able to exchange opinions on the future possibilities of utilizing renewable energy with consideration for the airport as a starting point for this.