Mitsui & Co., Ltd. ("Mitsui", Head Office: Tokyo, President and Chief Executive Officer: Tatsuo Yasunaga) has decided to join the Battery Association for Supply Chain ("BASC", Chairman: Isao Abe, Executive Officer at Sumitomo Metal Mining Co.). BASC is a new group being formed to strengthen international supply chain competitiveness associated with battery raw materials and parts and will be established as a general incorporated association on April 1, 2021.
Growth in market scale is expected for the battery industry to realize a decarbonized society and electrification in countries and regions worldwide. BASC will tackle issues including creation of international lithium standards and rulemaking to a battery ecosystem, and we believe it will contribute to enhancing Mitsui's business creation and industry competitiveness.
In the Medium-term Management Plan 2023, Mitsui set "Sustainability management; Evolution of ESG" as one of its corporate strategies, and net-zero emissions as our vision for 2050. The creation of a battery supply chain is one concrete policy to realize our 2050 vision, and Mitsui will work together with BASC to realize a carbon-free society.
BASC Overview
| Name | Battery Association for Supply Chain (BASC) |
|---|---|
| Organization type | General incorporated association |
| To be established | April 1, 2021 |
| Purpose | Sound development of the battery supply chain |
| Members | Approximately 30 battery supply chain companies (as of establishment) |
Mitsui’s Materiality
“Build brighter futures, everywhere” as our corporate mission, and to gain the trust and expectations of our stakeholders to realize a better tomorrow for earth and for people around the world, we have identified five material issues (“Materiality”) for Mitsui’s sustainable growth. We anticipate this particular project/ business to contribute especially to the realization of “Secure sustainable supply of essential products” and “Create an eco-friendly society”
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Secure sustainable supply of essential products
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Enhance quality of life
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Create an eco-friendly society
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Develop talent leading to value creation
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Build an organization with integrity