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Environment

Clean Tech Business

Policies and Basic Approach


Mitsui & Co., as the Mitsui & Co. group, is actively working to resolve social issues through a wide range of global business activities. For example, in our Medium-term Management Plan 2023, we have identified climate change as one of the key themes in sustainability management. In our Mitsui & Co. Group Conduct Guidelines, we state that "We will place value on the global environment, and contribute to the realization of prosperity and a high quality of life for society." Moreover, we announced our goal to achieve net-zero emissions as our Vision for 2050, aiming to halve our GHG impact by 2030 compared to 2020 levels. To achieve this goal, we are positioning technological innovation in the environment and clean tech fields as a core strategic field. In April 2020, we set up our Energy Solutions Business Unit to speed up the progress of complex and adaptive initiatives, and are working to promote existing initiatives, formulate new projects, and pursue and expand investment opportunities in this field.

Goals and Targets


  • Increasing the percentage of renewable energy (including hydropower) in Mitsui's equity-based electricity generation capacity to 30% by 2030.
  • Contributing to technological innovation and reduction of environmental impact by accelerating and expanding our business and R&D activities in the clean tech field, including businesses related to alternative fuels such as hydrogen, ammonia, and next-generation ethanol, EV-related and battery-related businesses, energy management businesses, low-carbon production in the steel industry, recycling businesses, and CCS and CCU businesses.

Sustainability Governance and Oversight

Sustainability Management

The Sustainability Committee works under the Executive Committee to plan, formulate and provide proposals on basic management policies, business activities, and corporate policies and strategies related to ESG.
The Sustainability Committee is structured so that its activities are appropriately supervised by the Board of Directors, and matters discussed by the Sustainability Committee are regularly discussed and reported to the Executive Committee and the Board of Directors.

Officer in charge Shinichiro Omachi (Representative Director, Executive Vice President, Chief Strategy Officer, Chairperson of the Sustainability Committee)
Deliberative body Sustainability Committee
Positioning
  • A subordinate committee of the Executive Committee, which is the decision-making body
  • Important matters related to ESG that have been deliberated by the Committee are discussed and reported to the Executive Committee and the Board of Directors.
Department in Charge Corporate Sustainability Div.

Please refer to the links below for more information on Mitsui’s Sustainability Management Framework and the activities of the Sustainability Committee.


Our Approach to Sustainability: Sustainability Governance and Oversight

Our Approach to Sustainability: Sustainability Committee

ESG-Related Risk Management

In conducting business, we have put in place a system to ensure that utmost consideration is given to the environment and society in projects at all stages, including at the launch of a new business, during operations, and even during the exit stage.


Environmental Management: Environmental Management System

ESG-Related Risk Management: Management of Environmental and Societal Risks

Introduction of Internal Carbon Pricing System

At Mitsui, we introduced the internal carbon pricing system in April 2020 in order to increase the medium to long-term resilience of businesses emitting large volumes of GHG, and to encourage the development of projects that are effective at reducing GHG emissions. Regarding new business projects, in projects with potential risks or opportunities from GHG regulations, etc., we have added analysis of the potential impact of a 2°C scenario to the project screening factors, as well as the reasonableness of countermeasures in the event these risks are realized. We are also using the internal carbon pricing system to assess risks in existing projects.


Climate Change: Introduction of Internal Carbon Pricing System

Environmental ("Green") Business Assessment Working Group

We have set a goal of net-zero emissions in our vision for 2050, and we aim to halve our GHG impact compared with 2020 levels by 2030. To achieve these goals, we will need not only to take action on projects that emit large amounts of GHGs, but also to increase our efforts to create projects that will help to reduce GHG emissions while improving profits. For these reasons, we have decided to establish the Environmental ("Green") Business Assessment Working Group. Its role will be to carry out comprehensive evaluations as part of the screening of new projects with the potential to turn climate change responses, such as the development of renewable energy, into opportunities. The evaluations will include qualitative factors, such as the strategic significance of initiatives from ESG perspectives.

Collaborating with Stakeholders


Participation in Initiatives

We are promoting and expanding our efforts to address clean tech business through participation in initiatives. Participation in each initiative is decided after confirming that it is consistent with our basic policy and initiatives for clean tech business.

TCFD(Task Force on Climate-related Financial Disclosures)

In December 2018, Mitsui declared its support for the TCFD (Task Force on Climate-related Financial Disclosures) recommendations, which aim to facilitate companies to recognize financial impacts arising from the risks and opportunities associated with climate change and to disclose such climate-related information. We have disclosed information in accordance with the disclosure framework that is based on the TCFD Final Report. This can be found on the Climate Change page.


Climate Change

Japan Hydrogen Association

The Japan Hydrogen Association was established in December 2020 with the aim of building and expanding the hydrogen economy by fostering global alliances and developing a hydrogen supply chain. Mitsui has participated in this initiative since the establishment of the preparatory committee and as a Board member, we are working with other member companies toward the realization of a hydrogen society.

Forest Stewardship Council® (FSC®)

The Forest Stewardship Council® (FSC®) is an international non-profit organization that promotes management of the world's forests in a way that is environmentally appropriate, economically viable, and socially beneficial, including with regard to respect for human rights.
Mitsui has obtained FSC® forest management (FM) certification at all 74 of its forests, which in total approximately 44,000 hectares, while Mitsui Bussan Forest Co., Ltd., a Mitsui subsidiary, has obtained Chain of Custody (CoC) certification for the processing and distribution of cut lumber (FSC®-C031328). As the biggest supplier of Japanese-grown lumber with FSC® certification, Mitsui is helping to promote FSC® in Japan and to discuss and draft the Japanese version of principles, standards, and risk assessments. Mitsui has obtained FSC® certification for its forest resources business as well, and promotes responsible management of forest resources.

CLOMA (Japan Clean Ocean Material Alliance)

CLOMA was established in January 2019 to find solutions to the emerging global challenge of marine plastic debris through the sustainable use of plastic products, the development and introduction of alternative materials, and the acceleration of innovation. Mitsui is one of the 26 secretary companies. As of May 2021, 419 companies and organizations have joined CLOMA, including a few of Mitsui's subsidiaries namely, Mitsui & Co. Plastics Ltd., Mitsui Bussan Chemicals Co., Ltd., Mitsui Bussan Packaging Co., Ltd., and Vendor Service Co., Ltd.
Mitsui participates in the Dissemination & Promotion Working Group, which shares technological information to make it easier to select the best alternative materials for each application, the Technology Working Group, which holds technological exchanges and technological seminars on the latest development results, and the International Working Group, which collects information through collaboration with international organizations and research institutions and provides information and technological consulting services in developing countries. Mitsui chairs the Indonesia Cooperation Working Group, which was formed under the supervision of the International Working Group, and plans contributions with a focus on specific countries. Looking ahead, Mitsui will continue to take the actions needed to help resolve the problem of marine plastic waste.

CEFLEX(Circular economy for flexible packaging)

CEFLEX is a European collaborative consortium of companies and associations representing the entire value chain of flexible packaging. CEFLEX is exploring the development on of infrastructure systems to collect, sort, and recycle plastic flexible packaging. Mitsui has participated in the consortium since 2018 as one of more than 200 companies that are involved in the plastic packaging materials value chain. Mitsui has been playing active roles in various work groups and will continue to contribute to the realization of a circular economy through its participation in CEFLEX.

ASI (Aluminium Stewardship Initiative)

ASI was established in 2012 with a vision of maximizing the contribution of aluminum to a sustainable society. As of June 2021, approximately 175 companies and groups have joined ASI, including a variety of stakeholders such as aluminum producers and users and the International Aluminium Institute. Its purpose is to increase sustainability in the aluminum supply chain and contribute to ESG engagement by formulating international standards and establishing certification systems. Mitsui joined in January 2020 and supports these initiatives as a member.

International Iron Metallics Association

The International Iron Metallics Association is a worldwide organization with a focus on ore-based metallics (pig iron, hot briquetted iron, direct reduced iron, granulated pig iron). It's members, including Mitsui, account for more than 80% of production and international trade in ore-based metallics. We have been distributing and investing in ferrous raw materials, including ore-based metallics, for a long time and amid a growing focus on these materials in relation to the decarbonization of the iron and steel industry, we will continue contributing to industry decarbonization through our business development in this area.

Carbon Recycling Fund Institute

Carbon recycling policies that see CO2 as a resource to be used and promote innovation in this field are coming to play an important role in Japan's energy policies. The Carbon Recycling Fund Institute was established in August 2019 to promote the creation of carbon recycling innovation with the aim of both addressing the global warming issue and improving energy access throughout the world. Mitsui has been a member since January 2020. We aim to pursue business opportunities and contribute to solving climate change issues by providing access to the latest information regarding CCUS (CO2 Capture, Utilization and Storage), which is important for decarbonization, and by strengthening relationships with other member companies.

The Institute of Applied Energy, Society of Anthropogenic Carbon Cycle Technology

Carbon capture and storage technology can process huge volumes of CO2 and is considered to be an effective way to reduce CO2 emissions. However, in recent years, there has been growing demand for the building of carbon capture and utilization technologies and systems that can also process large volumes of CO2. The Society of Anthropogenic Carbon Cycle Technology was established by the Institute of Applied Energy in October 2018 with the goal of investigating and researching viable technologies for utilizing CO2 and sharing relevant information in order to contribute to the earlier realization of these technologies and their social application. Mitsui has been a member since July 2020.

Battery Association for Supply Chain

Carbon capture and storage technology can process huge volumes of CO2 and is considered to be an effective way to reduce CO2 emissions. However, in recent years, there has been growing demand for the building of carbon capture and utilization technologies and systems that can also process large volumes of CO2. The Society of Anthropogenic Carbon Cycle Technology was established by the Institute of Applied Energy in October 2018 with the goal of investigating and researching viable technologies for utilizing CO2 and sharing relevant information in order to contribute to the earlier realization of these technologies and their social application. Mitsui has been a member since July 2020.

Clean Fuel Ammonia Association

The Clean Fuel Ammonia Association is an industrial-academic-governmental platform for the development and evaluation of technology, economic evaluation, policy proposal, and international collaboration. It aims to find social applications for energy technologies that use ammonia and to build value chains spanning from the supply to usage of CO2-free ammonia. Mitsui has participated as a member of the Board of Directors since April 2019.

Initiatives


Renewable Energy

  • Infrastructure Projects Business Unit
  • Energy Solutions Business Unit
  • Wellness Business Unit

In our power generation business we intend to lower the share of coal-fired thermal power in our equity share of power generation capacity and increase the percentage of renewable energy (including hydropower) to 30% by 2030. As of March 31, 2021, renewable energy, including hydroelectric power, accounted for approximately 14% of Mitsui’s total power generating capacity of 11.1GW. We are aiming to increase the share held by renewable energy to 30% by 2030.

Renewable Energy Business

Please scroll horizontally to look at table below.

(As of March 2021)

Energy resources Country/Region Net generation capacity (Mitsui's share) (MW) * Ratio Target
Renewable Energy (total) 1,621 15% More than 30%
Solar Japan 152
U.S. 170
Mexico 104
Jordan 34
India 17
China 16
Brazil 7
UAE 2
Thai 1
Hydropower Brazil 750
Laos 42
Spain 24
Wind Mexico 162
Morocco 35
Argentine 33
Japan 27
Australia 21
Solar thermal Spain 15
Biomass Japan 6
Geothermal Japan 3
Natural gas 7,341 67% Less than 70%
Coal 2,002 18%
Oil 42 0.4%
Total 8,862 100% 100%

* Including assets under construction

Alternative Fuels

Hydrogen Related

  • Energy Solutions Business Unit

When hydrogen is consumed, it generates no greenhouse gases or environmentally harmful substances. Hydrogen is a focus of attention around the world as a clean fuel that does not generate an environmental burden. With our Energy Solutions Business Unit at the core, we are engaged in a cross-company collaboration utilizing the networks and knowledge of each business segment, working on our hydrogen business in a way that demonstrates our comprehensive strength. We regard the hydrogen business as an effective approach to achieve our net-zero emissions goal. We will work together with our stakeholders to build needed social infrastructure and create profitable businesses.

Hydrogen related

Hydrogen Station Business in California

  • Energy Solutions Business Unit
  • Performance Materials Business Unit

California is an area that is famous for pioneering environmental initiatives and as of 2020, there were over 9,000 fuel cell vehicles ("FCEV") being used in the state, around twice as many as in Japan. Mitsui was quick to take notice of this, and we have launched a business collaboration with FirstElement Fuel, Inc. ("FEF"), the largest hydrogen station developer and operator in California. FEF currently operates 23 hydrogen stations and it will continue this development into the future in order to facilitate the further spread of FCEV. Following on from passenger vehicles, from 2024, operators of commercial vehicles such as buses and trucks in California will be required to transition to zero-emission vehicles, so we plan to build a hydrogen refueling framework, including hydrogen stations, to ensure that important commercial vehicles can continue to operate over sufficient distances and with appropriate cargo capacities. As another example of our FCEV-related business, in 2016 we invested in Norway's Hexagon Composites ASA, the world leading manufacturer of lightweight pressure cylinders, and we are working with the company to develop trailers for transporting hydrogen using pressure cylinders. Together with FEF, we will use these trailers to launch a framework for lower-cost distribution of hydrogen to hydrogen stations.

Hydrogen Supply Chain Business

  • Energy Solutions Business Unit

We are involved with the Advanced Hydrogen Energy Chain Association for Technology Development (AHEAD). In 2020, we conducted the world's first large-scale hydrogen transportation demonstration project in which hydrogen was transported from Brunei to Japan (Kawasaki City) in the form of methylcyclohexane (MCH) and used to co-fire a gas power generation facility. This approach to transporting hydrogen using MCH is known as the organic chemical hydride (OCH) method. It converts hydrogen into a substance that is a liquid at normal temperature and pressure that is easy to handle and can be safely stored and transported. Another advantage of MCH is that it can be stored using existing petroleum infrastructure. This demonstration project has set the stage for the construction of a hydrogen supply chain which is a new form of energy supply.

Battery Systems for Mobility Applications

  • Energy Solutions Business Unit

Against a backdrop of growing environmental awareness and the need for air pollution control measures, the electrification of mobility has begun in earnest, mainly in Europe and China. Electrification will cover a wide range of fields in the future, from passenger cars to route buses, scooters, ships, and industrial machinery. We expect that electrification will progress in a wide range of fields in the future. Our affiliated company Forsee Power SAS is working to build an ecosystem that takes batteries previously used for mobility and reuses them as stationary storage batteries. In addition to manufacturing and selling battery systems essential for the electrification of mobility, Forsee provides battery leasing services (Battery as a Service) with a view to future battery reuse and recycling.

Battery Systems for Mobility Applications Source: Forsee Power

Next-Generation Ethanol

  • Energy Solutions Business Unit

Lanza Tech, a company that we have invested in, has technology which converts industrial waste gases (including CO2 and CO) into chemical products and ethanol and other fuels. Lanza Tech has the only gas fermentation technology in the world. A commercial plant using this technology is already in operation in China. Since the exhaust gases from steel mills and refineries can be effectively used on a large scale, a major feature of this process is that it can produce products that do not compete with food supplies. Lanza Jet, another investee, is working on the commercialization of the production of Sustainable Aviation Fuel that has high added value in environmental terms and can be used as a substitute for petroleum-based jet fuel.

Next-generation Ethanol

Fuel Ammonia

  • Basic Materials Business Unit

We are working to build a value chain that leverages our strengths as a general trading company that reaches many industries. Examples of these strengths include our partnerships with host countries, our customer base that we have built up over many years, our marketing know-how, and our involvement in the Clean Fuel Ammonia Association.

Electricity Resource Development and Power Management

The Smart Grid and Distributed Electricity Resources

  • Infrastructure Projects Business Unit

Demand for energy has been growing throughout the world, especially in Asia and Africa, along with the steady economic growth of these regions. The power sector has seen a pronounced trend towards Decarbonization, Decentralization, and Digitalization (the "3 D's"), and a rapid shift is underway towards renewable energy, which is more environment-friendly. Mitsui & Co. is responding to the "3 D's" trend not only through the development of utility scale solar power and wind power projects, but also through the global roll-out of distributed power generation projects that provide service closer to the end-user. Globally, approximately one billion people—mostly in Asia and Africa—have limited access to electricity*, and for India also, this is a major problem. At the same time, mobile phone penetration rates tend to be very high even in the inadequately-electrified regions of India and Africa, making electricity necessary for communication purposes. In 2017, we invested in OMC Power Private Limited (OMC), which is specialized in a business model with a combination of solar power and batteries to implement a distributed electricity generation business in which electricity is produced and consumed locally. With mobile carriers' telecom towers being the anchor customers, OMC supplies reliable electricity to local businesses and communities as well. OMC provides stable and affordable electricity mainly through environment-friendly solar power, as well as enhancing the lives and economic prosperity of rural communities. Currently, OMC operates 196 power generation plants, which supply power to 209 telecom towers, 5,000 local businesses, and approximately 100,000 residents in 15,000 households. We will be working with OMC to deliver electricity to other inadequately-electrified regions.
We also help to supply electricity to sub-Saharan Africa through our investment and participation in M-KOPA Holdings Ltd. ("M-KOPA"). M-KOPA runs a business called the Solar Home System ("SHS"), through which solar panels are installed on the roofs of houses or small stores, and solar power generation is used to provide power for lighting, mobile phone chargers, and home appliances (radios and televisions). Up until recently, more than 600 million people living in sub-Saharan Africa have been using kerosene, which is a fossil fuel, for lighting and cooking, because of the delayed development of the power transmission grid. However, thanks to the SHS, there has been a reduction in kerosene use, helping to reduce the environmental load. In Africa, a large increase in demand for electricity is expected as a result of the improved living standards and lifestyle changes that will result from future rapid economic growth. By accelerating efforts to strengthen and expand the services M-KOPA provides, we will support more convenient and comfortable lives for people living in Africa.

*Source: "Our World in Data "Access to Energy"

An Energy Management Business that uses Battery-powered ICT Systems

  • Energy Solutions Business Unit

While the amount of new renewable energy is increasing globally, issues such as growing loads on transmission and distribution systems, an imbalance in the burden of electricity charges, and complicated supply and demand coordination are becoming issues. In response to these issues, we have invested in Stem and Sunverge, two companies that offer energy management services that employ energy storage ICT systems. We are also working on the development of new business models to meet diversifying needs -- for example, providing solutions that package Stem's energy storage system and Forefront Power's distributed solar power. Forefront Power is a wholly-owned subsidiary engaged in the distributed solar business for industrial and commercial consumers and public institutions in North America. Another issue is the increasing volatility in the electricity market due to the rapid spread of renewable energy. We are responding to new needs due to structural changes by providing solutions such as price hedging and supply and demand adjustment functions. In Europe, through such initiatives as our investment in Evora Energy Limited of Ireland, we are doing our part to help business expansion and functional improvement in the electric power logistics sector.

Natural Gas Electricity Generation

  • Energy Business Unit II
  • Infrastructure Projects Business Unit

Fukushima Gas Power Co., Ltd., a company in which we have a 29% stake, has two natural gas-fired power generation facilities at its Fukushima Natural Gas Power Plant at Soma, Fukushima Prefecture. These have a total power output of 1.18 million kW. The power generation facilities use a gas turbine combined-cycle system with high power generation efficiency. This combination of a gas turbine and a steam turbine generates a lower level of CO2 than conventional thermal power generation methods.
This project is in line with Fukushima Prefecture's goals of the "introduction of energy with a low environmental impact" and "new urban development". Through the promotion of this project, Mitsui & Co. will contribute to the economic revitalization in the Hama-dori region of Fukushima prefecture to help in its ongoing recovery from the 2011 earthquake. We will continue to work on the sustainable and stable supply of resources that are essential for social development and the creation of a society that is in harmony with the environment.

EV (Electric Vehicles)

  • Mobility Business Unit I
  • Energy Solutions Business Unit

Among the mobility (transportation) fields that we have defined as our new growth fields, we expect electrification (the shift to electric vehicles) to be particularly promising. In Europe, where the introduction of EVs is gathering momentum, we are building a comprehensive business model that supports the changeover to EVs, including infrastructure, and are expanding it in other regions as well.
We are organically linking several companies in which we have an interest. These include EV makers (Lucid Group, CaetanoBus-Fabricação De Carroçarias S.A、Letenda Inc.), battery pack manufacturers (Forsee Power SAS), and an energy management company that uses EV batteries (The Mobility House). We aim to build a new business model that can provide comprehensive solutions. For example, if a city considers switching its fixed-route buses to EV, we would like to help the city speed up its changeover to electric vehicles. In concrete terms, we can offer a comprehensive range of services including EV bus supply, battery leasing, and energy management. Furthermore, in future we are also considering businesses involved in the reuse and re-leasing of used batteries. We will begin these initiatives in Europe and the United States, and then expand them to Asia.

ZEV (Zero Emission Vehicle) Bus Operations in Europe

  • Mobility Business Unit I

In December 2017 we invested in Caetano Bus, S.A. of Portugal. This company has been involved in the development of electric buses since 2010. In 2016 they began the sale of ramp buses used to transport passengers within airports, and in 2017 the company started commercial production and sales of electric transit buses in Europe. We are using our global network to help in the expansion of sales of the company’s buses. As an example of Caetano's global expansion, a total of 34 single-deck electric buses were delivered to two London routes in the spring of 2020. The company also completed the development of an FC (fuel cell-powered) transit bus at the end of 2020. Beginning with Germany and Saudi Arabia, we have started selling FC buses that use Toyota fuel cell systems. In our partnership with Caetano Bus, we will continue looking to provide the optimal solutions suitable for operations seeking to achieve a carbon-free society.

ZEV (Zero Emission Vehicle) Bus Operations in Europe

360° BUSINESS INNOVATION: FULL CHARGE AHEAD: Assembling an EV value chain for the smart-city era

Industrial Operations & Automation

  • Corporate Development Business Unit

+Automation Inc. (+A) was established in June 2019 between Mitsui, which owns leading logistics subsidiaries in Japan and possesses a wide network for robot procurement in Japan and overseas, and GLP Japan, a leading provider of advanced logistics facilities. In September 2020, we implemented a third-party allocation of new shares to Toyota Industries Corporation, a logistics solution provider. As of June 2021 +A is increasing the pace of its service development, with the cumulative number of robots installed exceeding 1,000. In November 2020, +A opened "cube," a demonstration and R&D space in Shinagawa-ku, Tokyo for the three purposes of solving customer issues, developing +A human resources and services, and contributing to the sophistication of the entire logistics industry. Through cube, +A is striving to enhance its services with the introduction and coordination of ever diversifying robots. The need for automation in the logistics sector is greatly increasing. The factors behind this growing need include the increasing demand for e-commerce, omni-channel sales, labor shortages, and changes in the work environment. Under its vision of "Creating the next generation of logistics together with technology," +A is using its RaaS (Robotics as a Service), which is a subscription-type integrated service that requires no initial investment while maintaining high mobility and adaptability, to build a logistics robotics sharing network that utilizes robots and other automated equipment throughout the logistics industry, to connect the entire industry and enhance logistics.

Industrial Operations & Automation

Circular Economy/Reuse, Recycle


Circular Economy: Initiatives

Air Quality

Participation in the CCS Business

  • Energy Business Unit I

CCS stands for Carbon Capture and Storage. We have invested in CCS company Storegga Geotechnologies Limited ("SG") of the UK. SG, through its wholly owned subsidiary Pale Blue Dot Energy Limited, is developing the Acorn CCS project to capture, transport, and store CO2 emitted from the UK and neighboring countries, to reduce CO2 emissions and achieve CO2 Net-zero emissions by 2050, a target that has been set by the UK government. The Acorn CCS project will use depleted oil and gas fields where production has ceased as reservoirs for the storage of CO2. In this way, the project will reutilize existing infrastructure and will achieve cost competitiveness. SG is also working to commercialize its Direct Air Capture technology to extract CO2 directly from the atmosphere. We will use our knowledge of upstream oil and gas businesses and our extensive business network to help SG strengthen its business base through management participation and business alliances. Utilizing our comprehensive abilities together with the knowledge gained in the UK and Europe where development of governmental rules and regulations of Carbon Capture, Utilization, and Storage ("CCUS") businesses is advanced, we aim to develop a global CCUS business that will include Asia and will provide CO2 reduction solutions to the world.

CCU — Producing Methanol in the U.S. that Effectively Uses CO2

  • Basic Materials Business Unit

Our affiliate, Fairway Methanol LLC, decided in March 2021 to expand its facilities to increase methanol production (approximately 130,000 tons per year) by purchasing and effectively utilizing by-product carbon dioxide (CO2) from surrounding plants (up to approximately 180,000 tons per year) as the source. The decision to expand its facilities was made to maximize the effective capacity of the existing plant, and carbon dioxide sourced from neighboring plants will be used as the raw material for the plant's newly added capacity. This is a CCU (Carbon Capture and Utilization) initiative, which involves separating and effectively utilizing carbon dioxide. Under this concept, CO2 is considered a resource that can be reused as a material or fuel, thus realizing carbon recycling to reduce emissions into the atmosphere.
Demand for methanol is expected to grow steadily in the future as a basic raw material for a variety of industries, including housing and construction materials, high-performance resins for automobiles and electronics, and pharmaceuticals. Recently, methanol has also been attracting attention as a key chemical substance that can be sourced from carbon dioxide. Mitsui has been engaged in the methanol trading business for many years. In addition to the business in North America where this expansion will take place, Mitsui is also involved in a methanol production business in Saudi Arabia.
Through the stable supply of methanol, Mitsui is supporting the development of a wide range of industries and contributing to the realization of a sustainable society. Furthermore, to achieve Net-Zero Emissions by 2050, which is the target set in our Medium-term Management Plan, we will make use of our existing businesses and the know-how we have accumulated through them to promote initiatives to realize a decarbonized society.

Water Supply and Sewage Infrastructure Business

  • Infrastructure Projects Business Unit

(As of March 2021)

Business Country Processing Capacity(Total Capacity)
Unit: thousand m3/day
Tap Water Supply Thailand 1,028
Tap Water Supply Mexico 130
Sewage Treatment Plant Mexico(4 sites) 4,620
Power and Water Desalination Qatar 290
Desalination and Conveyance Chile 90

Materials

Mineral & Metal resources

  • Mineral & Metal Resources Business Unit

We are actively promoting recycling to meet the needs of a recycling-oriented society. Our subsidiary Mitsui Bussan Metals Co. promotes the recycling of various non-ferrous scrap such as aluminum, copper, and titanium, and waste printed circuit boards contained in electrical appliances. Sims (our investee and one of the world's leading recyclers) recycles metals and processes municipal waste from New York City. Sims is working on a power generation business utilizing methane gas generated from landfills. Our affiliated company Kyoei Recycling Co. uses automobile crusher dust as feedstock for a gasification melting furnace, to produce gas for use as fuel at the nearby Kyoei Steel Yamaguchi Division works. It sells the co-generated hot slag to smelters.

Handling Certified Materials (FSC®, PEFC, SGEF Certification, etc.)

  • Performance Materials Business Unit
  • Energy Business Unit I

Please scroll horizontally to look at table below.

Acquired Certifications Coverage (Country/Region) Certificate Holder/Outline & Scale (Handling Volume)
FSC®
FSC® certification is based on international standards established by the Forest Stewardship Council®, a non-profit committee-type organization that administers an international forest certification system.

FSC

Forest Management (FM) certification, and Chain of Custody (CoC) certification Company- Owned Forests "Mitsui's Forests" (Japan) Mitsui & Co. (License Code FSC®-C057355)/All 74 locations of Mitsui's Forests (approximately 44,000 hectares) throughout Japan
CoC certification Mitsui Bussan Forest (Mitsui subsidiary, License Code FSC®-C031328)/approximately 50,000 m3/year (sells timber and other products produced mostly from Mitsui's Forests)
Forest Resources Business (Australia) Forest Resources Marketing Dept., Living & Environmental Business Div., Performance Materials Business Unit, Mitsui & Co. (License Code FSC®-C104107)/ woodchip: 661,000t/year (FSC Mix: 385,000t, FSC Controlled Wood: 276,000t)
Mitsui Bussan Woodchip Oceania Pty. (Mitsui subsidiary, License Code FSC®-C107463)/woodchip: 606,000t /year (FSC Mix: 400,000t , FSC Controlled Wood: 206,000t)
Procurement and sales of pulp, paper, paperboard, and paper products (globally) Mitsui Bussan Packaging Co. (Mitsui subsidiary, License Code FSC®-C009939)/certification obtained for pulp, paper, paperboard, paper packaging materials such as corrugated carton box, household paper, and paper stationery.
Biomass Fuel Trading Biomass Fuel Dept., Fuels Div., Energy Business Unit I, Mitsui & Co. (License Code FSC®-C140620)/acquired for wood pellets trading (accredited materials).
PEFC/CoC
Programme for the Endorsement of Forest Certification Schemes
Forest Resources Business (Australia) Forest Resources Marketing Dept., Living & Environmental Business Div., Performance Materials Business Unit, Mitsui & Co./ woodchip: 260,000t/year
Biomass Fuel Trading Biomass Fuel Dept., Fuels Div., Energy Business Unit I, Mitsui & Co. (Certificate no. SGSJP-PCOC-2026)/ acquired for wood pellets trading (accredited materials)
SGEC
SGEC certification system was developed by the Sustainable Green Ecosystem Council, a general incorporated foundation, by adapting the global sustainable forest management philosophy (known as the "Montreal Process") to the situation in Japan. SGEC and PFEC have agreed to the mutual recognition of respective forest accreditation systems since 2016.

SGEC

Forest Management (FM) certification Company- Owned Forests "Mitsui's Forests" (Japan) Mitsui & Co. (License Code SGSJP-031)/All 74 locations of Mitsui's Forests (approximately 44,000 hectares) throughout Japan
CoC certification Mitsui Bussan Forest (Mitsui subsidiary, License Code SGSJP-W088)/approximately 40,000 m3/year (sells timber and other products produced mostly from Mitsui's Forests)

Green Buildings

  • Corporate Development Business Unit

We aim to invest in environmentally friendly buildings and make energy use in our existing buildings more efficient through environmental and energy-saving measures, in order to build a portfolio of properties that has a low environmental impact.

Japan Logistics Fund, Inc.

Listed REIT Japan Logistics Fund, Inc. (“JLF”), which is operated by our subsidiary Mitsui & Co., Logistics Partners Ltd., has acquired DBJ Green Building certification*1 at 15 of its properties and has also received certification under the BELS*2 and CASBEE*3evaluation systems. Also, in order to further advance its environmental efforts, in April 2021 the fund issued a green bond. Its green finance framework also received a Green 1 (F) rating from the Japan Credit Rating Agency, Ltd. (“JCR”), the highest rating under the JCR Green Finance Evaluation system.

  • *1. A certification system established by the Development Bank of Japan (“DBJ”) in April 2011 to assess real estate that takes the environment and society into consideration (green buildings).
  • *2. A third-party certification system that indicates the energy efficiency of buildings
  • *3. A system for evaluating the overall environmental performance of a building. It evaluates and rates the environmental performance of buildings based on energy and resource conservation, recycling and other environmental burden reductions as well as interior comfort and landscaping.
Acquiring External Certification

We participate in GRESB*, an annual benchmarking assessment to measure the ESG integration of real estate companies and funds, as well as the name of organization which runs the assessment. In the 2020 assessment, JLF received a "Green Star" designation indicating that it was highly evaluated for both "Management & Policy" and "Implementation & Measurement" with regard to activities for environmental and social consideration and sustainability. The ratio of properties that have received green certification (based on rentable floor area) are as follows.

  • Acquire green certifications in 50% of portfolio in FY 2025.
  • Acquire green certifications in 70% of portfolio in FY 2030.

* An annual benchmarking assessment to measure ESG (Environmental, Social and Governance) integration of real estate companies and funds, as well as the name of organization which runs the assessment.

Please scroll horizontally to look at table below.

Percentage of Portfolio with Green Building Certification (as of July 31, 2021)
Type of certification Number of properties Leasable area (m2) Percentage of portfolio (by area)
DBJ Green Building 15 572,847 44.0%
BELS 3 153,067 11.8%
List of Properties that Have Obtained DBJ Green Building Certification
Certification Year Property
4 Stars 2018 M-6 Funabashi Nishiura Logistics Center
M-12 Yokohama Fukuura Logistics Center
M-13 Yachiyo Logistics Center II
M-19 Souka Logistics Center
M-26 Sagamihara Logistics Center
M-31 ShinKiba Logistics Center II
M-32 Yokohama Machida Logistics Center
2019 M-11 Yachiyo Logistics Center
M-24 Shin-Koyasu Logistics Center
3 Stars 2018 M-5 Urayasu Chidori Logistics Center
M-22 Musashimurayama Logistics Center
2019 M-28 Chiba Kita Logistics Center II
M-25 Misato Logistics Center
M-39 Saitama Kisai Logistics Center
M-40 Kazo Logistics Center
List of Properties that Have Obtained BELS Certification
Certification Year Property
5 stars 2020年 M-11 Yachiyo Logistics Center
2021年 M-19 Souka Logistics Center
M-22 Musashimurayama Logistics Center

CASBEE

Yachiyo Logistics Center and Ichikawa Logistics Center II (following their redevelopment), and Yokohama Machida Logistics Center, each received an A rating under CASBEE.


Japan Logistics Fund, Inc.:Certification

Mirai Corporation

MIRAI Corporation, a listed REIT operated by Mitsui Bussan & Idera Partners Co., Ltd., which is a Mitsui affiliated company, has also acquired DBJ Green Building certification at six of its properties.

The percentage of environmental certifications in the portfolio is as follows. (As of April 30, 2021)

Based on acquisition price Based on gross floor area
55.0% 62.0%
Certification Year Property
4 Stars 2019 Shinjuku Eastside Square
3 Stars 2018 Shinagawa Seaside Parktower
2019 Rokko Island DC
2020 Tokyo Front Terrace
1 Star 2020 MI Terrace Nagoya-Fushimi
Kawasaki Tech Center

MIRAI Corporation: Third-party Accreditation