Conserving and Effectively Utilizing Natural Capital
Recognizing the Earth itself to be our most important stakeholder, strive to maintain biodiversity and conserve natural capital, and work to create circular economies while reducing our environmental footprint.
Related SDGs Themes
Action Plan Regarding this Material Issue
Every business in our company is built on the foundation of the natural capital benefits that the ecosystem provides. Therefore, we recognize that the conservation and effective utilization of this natural capital are indispensable to achieving sustainable growth together with society. MC is committed to realizing a circular economy by taking advantage of business opportunities while trying to diminish our negative impact on the global environment.
Promotion of a Circular Economy
MC considers the realization of a circular economy to be a pillar of our EX initiatives. To achieve this, it is essential to make effective use of limited resources and ensure they are able to circulate as efficiently as possible. MC is committed to the environmentally friendly materials manufacturing business through the recycling of materials by utilizing new technologies, bio-carbon recycling, new businesses related to product recycling, and materials and products that support a low-carbon, decarbonized society.
PET Chemical Recycling Business with Thai Shinkong
MC entered the PET chemical recycling business through an investment in Thai Shinkong Industry Corporation Ltd., which produces PET resins for beverage bottles with a new production line having started operation in June 2023. PET is highly recyclable mono-material with a wide range of applications, including in food and beverage containers as well as in textiles, thanks to its excellent transparency, barrier properties, and well-established collection and recycling systems. As the transition to a circular economy progresses worldwide, we will expand our capacity for producing PET resins, for which demand is expected to grow in line with the shift towards mono-materials, and by introducing chemical recycling technologies through our participation in the PET chemical recycling business with the aim of “Conserving and Effectively Utilizing Natural Capital”.
Activities with Honda
ALTNA Co., Ltd. was established in July 2024, as a joint venture with Honda Motor Co., Ltd. (Honda), and is striving to create new businesses in light of anticipated growth in the electric vehicle (EV) market toward a decarbonized future society. By combining Honda's control and connected technologies for EVs and batteries and MC’s energy business know-how, which extends to administration battery energy storage and smart-charging operations, ALTNA will strive to introduce and develop new business model that reduces Total Cost of Ownership (TCO) for EV users and contribute to realize the long-term utilization of EV batteries.
For details of these businesses, please refer to the following page.
Identifying and Responding to Nature-related Issues
Almost all MC businesses interact with the environment and depend upon the benefits ecosystems can provide. In order to ensure the future continuity of our business activities, MC needs to understand the extent of our environmental dependencies and impacts, analyze risks and opportunities, minimize excessive reliance and negative impact on the natural environment, and pursue initiatives that contribute to environmental recovery.
Trial Analysis Using the TNFD Framework
From this perspective, MC conducted a trial analysis based on the TNFD framework recommendations from FY2022 to FY2023. In the future, we will utilize the knowledge obtained from the trial analysis in the management of individual businesses and continue to identify and respond to nature-related issues using the TNFD framework, thereby improving the MC Group's sustainability and corporate value.
More details regarding MC’s initiatives on biodiversity are available here.