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Gate 1 Continuous Value Creation

Message from the Chairperson of the Sustainability Committee

Shinichiro Omachi Representative Director, Senior Executive Managing Officer, Chief Strategy Officer (CSO), Chairperson of the Sustainability Committee

With “build brighter futures, everywhere” as our corporate mission, we will aim to be a corporate group that continues to grow while working to resolve social issues.

Shinichiro Omachi Representative Director,
Senior Executive Managing Officer,
Chief Strategy Officer (CSO),
Chairperson of the Sustainability Committee

We identified Materiality (material management issues) that reflect international frameworks, such as the Sustainable Development Goals (SDGs) adopted by the United Nations for the year 2030, and the perspectives of a broad spectrum of stakeholders, as well as the impact on business corporations. The identified Materiality is namely, “Secure sustainable supply of essential products,” “Enhance quality of life,” “Create an eco-friendly society,” “Develop talent leading to value creation,” and “Build an organization with integrity.” These constitute the basis for conducting all of our business activities, and we are strengthening our sustainability management that aims to achieve sustainable development of both society and the Company.

The main theme for our Medium-term Management Plan 2023, which begins in the fiscal year ending March 31, 2021, is “Transform and Grow.” We are accelerating initiatives to address social issues through our business activities and have identified climate change, business and human rights, and a circular economy as key themes for the Company’s sustainability management. As for climate change, we have set a new goal, which is to achieve net-zero emissions by 2050, and as a milestone for such goal, to reduce GHG impact by 2030 to half of what it is in 2020. As one of the measures to realize such goal, we established the Energy Solutions Business Unit in April 2020 so as to accelerate its efforts, especially in the areas of next-generation electric power and new energy (hydrogen, biofuels, etc.) and enhance a cross-organizational approach in the area of infrastructure business such as next-generation mobilities. In relation to business and human rights, we formulated a Human Rights Policy in August 2020 in order to clearly stipulate our group’s position and approaches. Looking ahead, we will spread awareness of this policy at workplaces and put it into practice in our operations. Under the theme of circular economy, we will enhance related measures in our existing businesses and our approach toward new opportunities, while closely monitoring the external environment. People are the foundation of Mitsui & Co.’s sustainability management. The entire Mitsui & Co. global group has a shared awareness of the importance of integrity. As stated in the Mitsui & Co. Group Conduct Guidelines—“With Integrity,” going beyond simply following the established rules, we must act with conscience and dignity as business people, and we must think about our own words and actions from the perspective of integrity.

Amid rapid changes in megatrends that could impact our business, it has become harder to predict the future due to the spread of COVID-19 and its impact on the economy and society. As a corporation engaged in business on a global scale, we will flexibly respond to changes while taking initiatives to contribute to achieving a sustainable economy and society, and address global issues such as climate change. Mitsui & Co. will continue to pursue its corporate mission to “build brighter futures, everywhere.”

August 2020