Main

Mitsui & Co.’s Materiality

Materiality Action Plans

Secure sustainable supply of essential products
Enhance quality of life
Create an eco-friendly society
Develop talent leading to value creation
Build an organization with integrity

Secure sustainable supply of essential products

Please scroll horizontally to look at table below.

Segment	Business unit	Business field	Response to issues	Target (assuming a date by 2030)	Actions and performance indices for achieving the target	Current status/progress
Mineral & Metal Resources	Mineral & Metal Resources	Mineral and metal resources development and recycling	We will contribute to the stable supply of mineral and metal resources that support economic growth, society and industry.	Improve the stable supply system by expanding mineral and metal resources and promoting recycling businesses.	Continue mining business development and improve cost competitiveness. Improve the value chain of recycling businesses.	Operation of the South Flank iron ore mine in the Australian iron ore business that is jointly operated with BHP, started production in 2021 and is currently ramping up. (BHP 85%, ITOCHU 8%, Mitsui 7%). Mitsui has contributed a portion of development funds to Florence Copper, which plans to produce low-carbon copper ingots in Arizona, U.S., and has signed an offtake contract with equity conversion rights.
Energy	Energy I, Energy II	Energy development	We will contribute to the stable supply of sustainable energy.	Build and enhance a stable energy production and supply portfolio that meets the expectations of customers and society.	Maintain, expand and diversify energy supply by developing new projects and enhancing existing projects.	We are promoting new energy development projects to meet the needs of consumers around the world. In April 2023 we invested in shale gas/tight gas development and production project in Texas, U.S.A.
Machinery & Infrastructure	Infrastructure Projects	Centralized power generation/centralized RE/distributed power generation	We will carry out business operations in consideration to the stable operation and reduction of environmental burdens, and contribute to local communities through sustainable and stable power supply optimized for each country or region.	Complete construction projects and commence commercial operations. Improve operating rate and thermal efficiency. Implement environmental burden reduction measures. Expand our business base as a general energy company that meets diverse customer needs, including environmental and social aspects.	Continue to implement PDCA for progress monitoring of projects under construction and improvement of project quality. Verification/demonstration/practice of environmental burden reduction measures. Develop businesses in new countries/regions. Acquire new projects by improving sales structure, promoting digital marketing, and expanding solutions.	Through 74 electric power projects (Net capacity 10.9GW) in 23 countries around the world, we are working on a stable power supply that supports people's lives (as of March 31, 2023). In FY Mar/2023, one of the two Thailand gas-fired power plant projects in which we have invested was completed and is now in operation.
Machinery & Infrastructure	Infrastructure Projects	Resource infrastructure (onshore/offshore) business	We will fulfill our social mission and social responsibility for the stable supply of resources while fully considering the impact of operations on the environment, and contribute to the sustainable growth of countries and regions.	Improve the supply capacity and efficiency of existing businesses. Complete construction projects and commence commercial operations. Steadily operate by utilizing DX. Reduce environmental burdens.	Continue to implement PDCA to improve efficiency. Implement measures to improve utilization rates and efficiency.	Off the coast of Brazil, about 20% of the total oil and gas production for the country is produced by FPSOs which are jointly owned by MODEC. Going forward, we will continue to contribute to the stable supply of oil and gas in the global deep-sea oil and gas field areas, mainly off the coast of Brazil.
Machinery & Infrastructure	Infrastructure Projects	Social environment infrastructure business	We will contribute to the expansion of global logistics demand by developing, expanding and steadily operating our logistics bases.	Expand logistics infrastructure and improve efficiency in the world's growing logistics market.	Improve the operating rate and create new added value using DX. Continue to work on improving efficiency, including maintenance.	In our container terminal business in Indonesia, we have maintained the industry's highest level of operational efficiency. We are promoting the expansion of DX functions to further improve efficiency, such as a paperless (online) fee payment process and optimization of truck transportation.
Machinery & Infrastructure	Mobility I	Passenger vehicle sales and leasing	We will respond to growing demand for mobility, resource transportation, and passenger vehicles, where demand is expected to increase (especially in emerging countries).	Expand sales and leasing system through our global network partners. Supply vehicles that contribute to sales volume as well as sustainable growth and a reduction in environmental impact.	Make more extensive efforts with global partners in each area. Sales volume (especially that of environmentally friendly vehicles), number of leases, sales area.	In addition to sales in Chile, Peru, Brazil, The Philippines, etc., where demand for passenger and transportation vehicles is expanding with economic growth, we have begun working on a leasing business.
Machinery & Infrastructure	Mobility I	Railway freight	We will respond to the increase in transportation demand for grains, steel products, industrial products, etc. in Brazil by developing multi-modal transportation with low environmental impact.	Create and enhance efficient multi-modal transportation in Brazil.	Work with our partner in Brazil to improve the quality and quantity of transportation, such as expanding the range of transportation option, expanding the target cargo, and achieve reliable transportation.	We are working on the utilization of trucks leveraging IT to achieve efficient multi-modal transportation with low environmental impact.
Machinery & Infrastructure	Mobility II	Shipping	We will provide high-quality, environmentally friendly, competitive ships and services to meet the ever-expanding demand for marine transportation as the world economy grows.	Use DX to select the optimal shipping routes to save fuel and use new technologies such as new kinds of fuels to help reduce the environmental burden of shipping and enable sustainable growth of maritime industries.	Increase our efforts with global partners in each area of the world (shipyards, shipowners, shipowners). Showcase initiatives for utilizing the technological capabilities of Japanese manufacturers.	With emission reduction in the shipping industry becoming a global issue, in April 2021 we became a strategic partner of the Maersk Mc-Kinney Moller Center for Zero Carbon Shipping (MMMCZCS), a not-for-profit international research and development center dedicated to the decarbonization of the shipping industry. From May 2022, we dispatched a secondee to work with other partners to solve technical and commercial issues in the use of low-carbon fuels for marine vessels.
Chemicals	Basic Materials	Covering all business areas of the Business Unit (Gas Chemicals Business/Basic Chemicals Business/Performance monomer/Tank Terminal Business)	We will achieve a sustainable society by supporting the steady supply of basic materials and industrial infrastructure.	Solidify the production supply system through capacity expansion in the salt and methanol production businesses and tank terminal business, and expansion of trading by expanding logistics.	Manage milestone of each project and expand trading based on trends in the oil-to-chemicals businesses.	While uncertainty in the global economy remains even beyond the COVID-19 pandemic, our trading function has made it possible for us to connect supply chains and give them some spare capacity. We will continue to strengthen the foundations for a stable supply and demonstrate our functions for doing so.
Chemicals	Chemicals Segment	Compliance	We will build a sustainable supply system in our management of chemical products by maintaining a compliance system and improving quality.	Promote a legal compliance system for hazardous chemical substances, improve quality, give employee training for product safety, and participate in initiatives.	Provide opportunities for employee training and improve product quality. Update, thoroughly understand, notify, and label hazard information and legal information on chemical substances. Expand specialized human resources for chemical substance management.	We have updated legal information related to chemical substance management to protect the global environment through chemical substance management which is an important trade compliance along with security trade control. We regularly conduct training in the laws relating to chemical substance management to all Mitsui & Co. and group companies that handle chemical substances.
Chemicals	Performance Materials	Detergent raw materials, oleochemical business	We will contribute to the stable supplies in the detergent raw materials and oleochemical business areas.	Establish stable supply systems.	Expand manufacturing and stabilize production.	We are supporting detergent raw material production in Thailand and marketing it globally. We are supporting oleochemical production in Malaysia and China, and marketing it globally.
Chemicals	Nutrition & Agriculture	Agri-science business/Agri-solution business	We will achieve sustainable agricultural production through science.	Achieve a reduction of environmental burden and agricultural productivity improvement by developing and disseminating agricultural technology.	Achieve a reduction of environmental burden and agricultural productivity improvement by developing and disseminating agricultural technology. Develop and disseminate bio-pesticides made from fungi and natural extracts, to reduce the environmental burden and help achieve agricultural production in harmony with the environment. Use soil analysis to help optimize the amount of chemical fertilizer applied and promote the spread of bio-stimulants. Improve the agricultural material supply base in Africa. Establish Ag-tech businesses.	We are promoting "IPM" (Integrated Pest Management), which combines biological pesticides and chemical pesticides, to help establish highly productive and sustainable agricultural systems. We are developing a comprehensive agricultural material distribution business, mainly in Latin America. Through the ETG company we are supplying agricultural materials in Africa. We have invested in a controlled environment agriculture (CEA) business and launched a pilot project in Saudi Arabia.
Chemicals	Nutrition & Agriculture	Animal solutions business	We will achieve sustainable agricultural production through science.	Achieve a reduction of the environmental burden of livestock, and an improvement of productivity by developing and popularizing feed additives/veterinary drugs/vaccines.	Achieve efficient growth of livestock and a reduction of environmental emissions through establishment of a Gut Health (improvement of intestinal flora of livestock) business. Improve livestock productivity and achieve animal welfare through the spread of vaccines and veterinary drugs.	We are promoting business reform in Novus, a company in which we have invested, to establish a Gut Health business. We have invested in an Animal Health product manufacturing and sales operations in Japan and Brazil. We have entered into the animal genetics business. We are pursuing synergies with existing businesses such as animal nutrition and animal health.
Iron & Steel Products	Iron & Steel Products	GHG reduction promotion in product LCA (Life Cycle Assessment)	We will work to build supply chains from the perspective of LCA, for global decarbonization.	Together with partners in Japan and overseas, contribute to GHG reduction across the entire supply chain.	In product LCA develop projects to help in GHG reduction.	In collaboration with SuMPO (Sustainable Management Promotion Organization) which is Japan's only ISO-based carbon footprint certification body, we offer LCA Plus, a platform that enables the visualization of product LCA throughout the supply chain.
Lifestyle	Food	Trading	We will contribute to the safe and secure procurement of food, and a sustainable and stable food supply.	Thoroughly disseminate our sustainable supply chain policy and, if necessary, formulate individual procurement policies and goals based on this policy, and aim to achieve them.	Monitor the implementation status of each Procurement Policy for Specific Commodities.	Our Sustainable Supply Chain Policy has been sent to all suppliers and made known. We have created an individual procurement policy for palm oil, which is recognized as a product that has a significant environmental and social impact.
Lifestyle	Retail	Food retail	We will contribute to the safe and secure procurement of food, also a sustainable and stable food supply.	Thoroughly disseminate our sustainable supply chain policy and, if necessary, formulate individual procurement policies and goals based on this policy, and aim to achieve them.	Monitor the implementation status of each Procurement Policy for Specific Commodities.	Our Sustainable Supply Chain Policy has been sent to all suppliers and been made known. We have created an individual procurement policy for palm oil, which is recognized as a product that has a significant environmental and social impact.
Lifestyle	Wellness	Contract food services	Based on the promotion of health management to curb domestic medical expenses and the growing awareness of people's health, we will help people to achieve a level of health in line with their life stage, by providing a stable supply of food that will support physical and mental wellbeing.	Achieve a stable supply of safe and secure food with consideration for reduction of food loss, sustainability and traceability.	Actively use foods that take sustainability into consideration (sustainable foods). Increase efforts to achieve local production for local consumption, to improve supply capacity. Reduce food waste by supplying cooking plans for high-quality, traceable food.	We are implementing local production for local consumption in collaboration with Miyazaki, Miyagi, and Akita prefectures to utilize ingredients that will lead to regional economic development. In 2018, we have obtained MSC/ASC CoC certification(1), the first for a food supply business in Japan. We also provide sustainable fishery products (sustainable seafood) at some facilities. We have obtained Rainforest Alliance certification(2) for production, distribution, and processing processes at our own factory to improve traceability. We offer products using 100% coffee beans produced by certified farms. We are conducting food procurement and menu planning to control food loss using AIM Services' original menu planning system. 1. MSC certification is a certification system for sustainable fisheries that is properly managed in consideration of fishery resources and the environment. ASC certification certifies aquaculture which is approved by the Aquaculture Stewardship Council and minimizes the environmental and social burden. MSC/ASC CoC certification ensures that these certified fish products are properly managed and traceable in all processes of manufacturing, processing and distribution. 2. Certification of the control standards for production, distribution, and processing at our own food preparation facilities.

Enhance quality of life

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Segment	Business unit	Business field	Response to issues	Target (assuming a date by 2030)	Actions and performance indices for achieving the target	Current status/progress
Mineral & Metal Resources	Mineral & Metal Resources	Mineral and metal resources business development	We will contribute to the stabilization and development of local economies through sustainable resource development that takes local communities into consideration.	Cooperate with our project partners and the local communities, contribute to the development of national and local economies.	Conduct sustainable development by monitoring legal systems and continuing dialogue with project partners and local communities.	We are continuing dialogue with local governments, project partners and local communities.
Energy	Energy I, Energy II	Energy development	We will contribute to regional economic development through the promotion of our development projects.	Through collaboration with local governments and communities, contribute to the development of national and regional economies associated with our development projects.	Develop new regional infrastructure, create communities, and create local employment.	We are working on infrastructure development based on the demands and potential needs of each country/region, and the creation of communities.
Energy	Energy I, Energy II	Energy supply	Through the supply of relatively clean and competitive energy (gas, LNG), we will assist in the development of local economies and gradual energy transitions.	Supply energy that supports the sustainable economic development of each country.	Provide stable LNG supply, and supply and demand adjustment functions by strengthening portfolio and logistics functions.	We are working to expand our portfolio to strengthen our supply of LNG, which has a relatively low environmental impact, to contribute to energy transitions around the world. In December 2022 we agreed to an extension of the Production Sharing Contract (PSC) for Tangguh LNG Project in Indonesia to 2055.
Machinery & Infrastructure	Infrastructure Projects	Centralized renewable energy/distributed power generation	We will contribute to improve living standards in developing and emerging countries through our efforts in the distributed power generation business.	Provide sustainable and clean power generation centered on solar power in India and sub-Saharan Africa's non-electrified areas. Particularly in India, aim to supply electricity to 1.2 million people through OMC Power, and to expand to Africa and other countries.	Build a sustainable mini-grid business business model centered on India and OMC Power.	OMC Power is a leader in the distributed mini-grid business in India. In rural areas of India, where power supply is unstable, OMC Power combines solar power generation and storage batteries to provide stable, environmentally friendly, locally produced and consumed power to cell phone base stations, stores, and local communities.
Machinery & Infrastructure	Infrastructure Projects	General power/new areas/services	We will work on infrastructure to solve social problems such as food supply, financial services, health promotion, population growth, urbanization, and digitization.	Expand production of crops in Africa and improve the quality of life for small-scale African farmers. Establish a sustainable supply chain for agricultural products using DX. Develop high-capacity communication lines.	Promote demonstration projects that aim to create SDG premiums by visualizing social and environmental impacts in the production process of African agricultural products, and ensuring traceability through supply chains. Commercialize the establishment of a sustainable supply chain for agricultural products using DX (after assessing their feasibility). Lay and operate international submarine communication cable systems.	We are engaged in an initiative to collect data on African agricultural products, and use that data to deliver global customers final products that come with the stories behind them, with the aim of generating value in that data and returning it to the farmers, thereby promoting the expansion of sustainable agriculture production. We are currently working on a pilot project for cotton in Zambia. In the future, we aim to expand the project to other agricultural products such as coffee and cacao. We are currently working with NTT Group and JA Mitsui Leasing on the installation, operation and sale of a new submarine cable system between Japan and the U.S.
Machinery & Infrastructure	Mobility I	Transportation infrastructure	We will contribute to the sustainable growth of emerging countries through the development and expansion of transportation and infrastructure for daily life.	Contribute to the sustainable growth of emerging countries through local employment and improvement of local living standards after completion of construction accompanying our transportation infrastructure operations.	Promote projects through dialogue and harmony with local communities. Strengthen supply chain management when ordering project materials and equipment.	We are working on a project to build a dedicated freight rail line to enhance freight transport capacity between Delhi and Mumbai, India's largest industrial zone.
Machinery & Infrastructure	Mobility II	Shipping	We will provide high-quality, environmentally friendly, competitive ships and services to meet the ever-expanding demand for marine transportation as the world economy grows.	Use DX to select the optimal shipping routes to save fuel and use new technologies such as new kinds of fuels to help reduce the environmental burden of shipping and enable sustainable growth of maritime industries.	Increase our efforts with global partners in each area of the world (shipyards, shipowners, shipowners). Showcase initiatives for utilizing the technological capabilities of Japanese manufacturers.	With emission reduction in the shipping industry becoming a global issue, in April 2021 we became a strategic partner of the Maersk Mc-Kinney Moller Center for Zero Carbon Shipping (MMMCZCS), a not-for-profit international research and development center dedicated to the decarbonization of the shipping industry. From May 2022, we dispatched a secondee to work with other partners to solve technical and commercial issues in the use of low-carbon fuels for marine vessels.
Chemicals	Basic Materials	Performance monomer	We will contribute to improve the world's QOL by demonstrating our material design capabilities.	Establish new businesses and new business groups in the specialty chemical field, as one part of the growth driver of our Basic Materials Business Unit.	Promote business strategies and manage milestones for materials-related businesses such as high-performance resin raw materials and coatings, as well as cosmetics and pharmaceutical raw materials.	We are expanding our business development in each area by leveraging our deepening partnerships with Honshu Chemical Industry, Kansai Paint and others.
Chemicals	Performance Materials	Consumer products business	Through our consumer products business (personal care products, hygiene products, cosmetics, etc.) we will improve quality of life.	Procure products and raw materials based on consumer needs. Conduct development and marketing in this field.	Develop products utilizing unique Japanese technologies and execute overseas activities with deep market analysis and digital marketing approach.	We are promoting new high-quality skincare products for U.S. consumers. We are establishing a business base aimed to promote high-quality skincare products in Brazil.
Chemicals	Nutrition & Agriculture	Wellness business	We will respond to the increasing added value of food and health needs as the middle class grows and the population ages through science.	Establish a business base that responds to wellness, mainly in Japan and Asia.	Establish a food science business base in the Japanese and Asian markets. Establish a business base to provide personalized pre-illness solutions to consumers in the Japanese and Asian markets through the provision of health checks/medical forecasts/and high value-added supplements.	We are enhancing and promoting the expansion of our subsidiary BFS (Bussan Food Science) and Soda Aromatic Co., Ltd., our investee, into Asia. Through our investment in Thorne Research of the U.S., we are expanding into the wellness field. We have invested in a business engaged in the manufacturing and sales of Traditional Chinese Medicine in Singapore, pursuing synergies with Thorne Asia. We operate a business in Japan providing solutions for preventive health.
Iron & Steel Products	Iron & Steel Products	General infrastructure maintenance	We will contribute to lengthen the service life of existing infrastructure.	In collaboration with partners who possess high technological abilities, contribute to spread the preventive maintenance business that uses Japan's excellent maintenance technology throughout the world, to build environmentally friendly infrastructure.	Expand services, products, and areas provided for in the general infrastructure maintenance business.	We are currently promoting our maintenance business in Thailand together with Sho-Bond Corporation, a general infrastructure maintenance company. We will extend the life of infrastructure through preventive maintenance such as repair and reinforcement.
Iron & Steel Products	Iron & Steel Products	Structural steel production	We will contribute to the construction of environmentally friendly infrastructure in emerging markets.	Create a recycling network through the recycling and production of environmentally friendly materials.	Use new sources of energy, set up production and supply systems that have a low environmental burden, and expand the supply areas in Asia for products that are environmentally friendly.	As an initiative in the electric furnace business that can reuse iron scrap to produce steel, we have invested (20% ownership) in Thai electric arc furnace steel manufacturer/Siam Yamato Steel.
Lifestyle	Food	Trading	We will further strengthen our efforts to eradicate child labor and respect human rights in our supply chains.	Make our Sustainable Supply Chain Policy gets through to our suppliers. Hold regular dialogue through supplier questionnaires and on-site inspections.	Report the completion of sending the policy to all suppliers of our business units and consolidated subsidiaries and disclose monitoring implementation status.	We have sent the policy to all suppliers of our business unit and consolidated subsidiaries. In addition, some suppliers have been sent supplier questionnaires, and we have conducted on-site inspections and other human rights due diligence.
Lifestyle	Retail	Fashion/textiles	We will carefully consider the environment and human rights throughout the business value chain in this area, and are improve the value and reliability of the entire value chain.	Disseminate our Sustainable Supply Chain Policy and raise awareness for the environment and human rights in our business supply chain.	Send our Sustainable Supply Chain Policy to all suppliers and make them aware of it. Work hard to improve the traceability of the products we handle.	Our Sustainable Supply Chain Policy has been sent to all suppliers and been made known.
Lifestyle	Wellness	Hospital/clinic business	To meet the rapidly increasing demand for medical care in countries centered on Asia, against a backdrop of population growth, expansion of middle-income group, aging population, changes in disease patterns, etc., we will strive to improve people's health through improved access to medical care. By achieving value-based healthcare, we will contribute to the sustainable development of the medical system. In value-based healthcare, each stakeholder aims to maximize outcomes and optimize costs to provide high-value medical care to patients.	Improve access to quality medical care in countries centered on Asia, and achieve Value-Based Healthcare.	Introduce digital technology and AI to improve medical access and efficiently allocate medical resources. Rationalize group-wide procurement to help control medical costs and improve operational efficiency. Build a healthcare data platform with the aim of maximizing outcomes and optimizing costs by utilizing data.	In collaboration with the government, we are providing infrastructure for accepting new COVID-19, PCR tests, and vaccination. We have introduced an online medical care service to quickly respond to the non-contact needs of patients. Partial cost reductions have begun to be realized by rationalizing procurement across the group.
Innovation & Corporate Development	IT & Communication	IT Service and Cyber Security	We will contribute to the creation of prosperous and safe lifestyles through the utilization of ICT in fields such as DX and cybersecurity.	Expand existing businesses, including realizing DX for customer companies and providing cybersecurity services.	Expand the scale of business and create new businesses.	Through Mitsui Knowledge Industry Co., Ltd. (MKI), a subsidiary, we are providing consulting, building, and operation services for IT systems, data center and cloud services, and the sale of IoT devices and manufacturing equipment. Through Mitsui Bussan Secure Directions, Inc. (MBSD), a subsidiary, we are providing diagnostic, oversight, and consulting services related to cybersecurity.
Innovation & Corporate Development	IT & Communication	Healthcare utilizing DX	We will contribute to the creation of prosperous and safe lifestyles through healthcare IT business.	Provide advanced healthcare IT services by expanding current businesses.	Expand the scale of business and create new businesses.	Through iMedical Inc., an affiliated company, we operate a remote diagnostic imaging business for attending physicians that uses remote medical imaging technology in which medical images are read and diagnosed remotely by specialists. north star Co., Ltd., an affiliate company in which we invested in February 2021, operates "Kids Doctor", which offers pediatric health consultation services, and appointment services of online diagnosis and home visit. Leveraging the knowledge of this business, we released "Pet Doctor," an online pet consultation service, in November 2022. Xeureka Inc., a subsidiary of the Company established in November 2021, provides AI drug discovery support services and conducts drug discovery R&D through joint research. In March 2023, the U.S. supercomputer giant NVIDIA and Xeureka announced the "TOKYO-1" project, which aims for full-scale transformation of the overall healthcare industry, centered on drug discovery. As a Mitsui subsidiary, Xeureka will be responsible for the actual operation of the project. Innoxia Inc., also a subsidiary of the Company, established in November 2021, is engaged in business providing various DX solutions to medical institutions, mainly hospitals.
Innovation & Corporate Development	Corporate Development	Real Estate asset management	We will provide solutions for longstanding social issues in the U.S., where the aging and nuclearization of society is reaching an advanced stage, through the ownership and operation of senior living properties.	Raise awareness of our senior living properties as an option for U.S. seniors to spend an enriching old age and contribute to build pleasant regional communities.	Continue to raise the quality of the main business' services and properties. Increase the scale of the business and work together with various partners to develop properties that offer high added value.	We have advanced a senior living properties business for over 30 years, particularly in the west of the U.S. We currently manage 38 properties offering around 4,200 rooms. We are aiming to attract large amounts of pro-social investment from the capital markets through JV projects with Japanese investors, and the creation of private placement funds so that we can operate excellent assets and provide high-quality services.

Create an eco-friendly society

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Segment	Business unit	Business field	Response to issues	Target (assuming a date by 2030)	Actions and performance indices for achieving the target	Current status/progress
Mineral & Metal Resources	Mineral & Metal Resources	Mineral and metal resources business development	We will contribute to the achievement of a society that is in harmony with the environment by supplying mineral and metal resources that support a decarbonized society and by reducing environmental burdens in the resource industry.	Promote businesses to reduce environmental impact, including greenhouse gas reduction.	Contribute (from the raw materials side) to the low carbonization of the steel industry, and build value chains. Develop copper and battery raw materials that are required for EVs and electrification, and build value chains. Take low-carbon-emitting initiatives in mining operations.	Together with Kobe Steel, we are promoting a full-scale study of low-carbon iron sources and low-carbon iron-making in the Duqm Special Economic Zone in the Sultanate of Oman. We have invested in Binding Solutions Ltd. of the U.K., which has iron ore cold coking technology (that reduces emissions from the calcination process). We are collaborating with partners to reduce Scope 1/2 GHG emissions (exhaust gas from mining equipment, accompanying methane gas, etc.) from metallurgical coal business. Also considering a possibility of collaborating with related infrastructure and technology owners. All electricity procured for the Collahuasi copper mine in Chile has been switched to renewable energy.
Mineral & Metal Resources	Mineral & Metal Resources	Environmental measures/metal and battery recycling businesses	We will contribute to achieve a circular economy through our metal and battery recycling businesses.	Expand our metal and battery recycling businesses that contribute to the promotion of a circular economy.	Promote and expand metal and battery recycling business.	We are promoting scrap metal business at domestic and overseas bases and among investees (Mitsui Bussan Metals, MM&Kenzai, Kyoei Recycling, Sims, etc.). We are promoting reuse and recycling business for EV waste battery cells and packs. We are accelerating the promotion of the secondary aluminum alloy business.
Energy	Energy Segment	Energy solutions	We will contribute to the achievement of a decarbonized society by utilizing our accumulated knowledge inside and outside our Company in our business domains.	Support our Company and our partners for their effort on Net zero emissions by providing comprehensive energy solutions that combine technologies and businesses such as distributed renewable energy, storage batteries, next-generation fuels, and emissions trading. Thoroughly disseminate our sustainable supply chain policy and, if necessary, formulate individual procurement policies and goals based on this policy, and aim to achieve them.	Work in various business fields with excellent partners who possess a high degree of technical ability and a wealth of knowledge. Provide innovative solutions that utilize our comprehensive strengths. Monitor the implementation status of individual procurement policies.	We participate in and promote distributed renewable energy, energy management business, carbon-free LNG/biofuel/next-generation fuel supply, and CO2 Capture and Storage ("CCS") businesses. Our main projects are listed below. In May 2022, we invested in Climate Friendly, an Australian company engaged in the creation and sale of carbon credits through the restoration of native forest vegetation. In June 2022, we participated in a low-carbon ammonia production project promoted by Abu Dhabi National Oil Company (ADNOC) in the United Arab Emirates. In July 2022, we signed an agreement with U.S. based CF Industries to jointly develop a clean ammonia production project. In September 2022, we invested in a green hydrogen production project in Western Australia. In September 2022, we invested in Xurya, a distributed solar power generation operator in Indonesia. We have created an individual procurement policy for timber, which is recognized as a product that has a significant environmental and social impact.
Machinery & Infrastructure	Infrastructure Projects	Centralized RE/distributed power generation	We will construct, develop, and operate an RE power supply that can help reduce GHG emissions through decarbonization.	Achieve an RE ratio of 30%.	Construct new domestic and overseas RE power sources (offshore wind power, centralized large-scale solar power, distributed solar power, DSO, etc.). Steadily operate RE power sources in Japan and overseas. Provide RE peripheral business provision.	In April 2022, we invested in Mainstream Renewable Power Limited, a leading renewable energy operator engaged in onshore and offshore wind and solar power projects mainly in Latin America and Africa. The company is aiming to develop 25 GW over the next 10 years.
Machinery & Infrastructure	Infrastructure Projects	Social environment infrastructure business	We will solve water problems and contribute to the sustainable growth of society through water production and water and sewage treatment.	Improve the efficiency of existing water and sewage treatment businesses. Stably operate water production business. Acquire new water-related businesses.	Construct water production projects in the Middle East. Steadily operate water and sewage treatment business in the Americas and the acquisition of new projects. Completion of water production projects in the Americas, and the commencement of operations.	Through MITinfra in Mexico, we are helping to improve the living environment of local residents, solve water resource shortages, and achieve sustainable corporate activities through the water and sewage treatment business and wastewater treatment business for industrial customers. We are also considering and promoting new initiatives.
Machinery & Infrastructure	Infrastructure Projects	General power/new areas/services	We will provide and utilize decarbonized and environment-related products in initiatives for decarbonization and carbon neutrality in new business areas, mobility, and other business areas such as steelmaking, chemicals, and food, thereby contributing to decarbonization and carbon neutrality in the world.	Promote and expand our decarbonization efforts utilizing our comprehensive strengths.	Promote the construction and operation of equipment that meets the LEED Platinum certification standard, and contribute to urban development in harmony with the environment. Correctly understand customer demand in next-generation domains. Discover new products and services, conduct verification tests, and subsequently roll out mass production.	District cooling equipment and distributed facilities are under construction in the One Bangkok district cooling and distribution business. We are pursuing entry opportunities for infrastructure construction related to decarbonization. Focusing on areas surrounding our existing businesses, we will promote the development of new traders in overseas markets such as Europe, as we seek to discover new products.
Machinery & Infrastructure	Mobility I	Manufacture and sale of EV/FCV buses	We will work to popularize transportation vehicles that have a low environmental impact and that can contribute to the realization of a decarbonized society.	Establish a service provision system for low environmental impact transportation vehicles such as EVs and FCVs.	Expand the lineup of low environmental impact products handled. Together with new and existing partners, promote efforts that can help to achieve decarbonized societies.	Caetano Bus, S.A., a Portuguese bus manufacturing and sales company in which we have invested, manufactures and sells EV buses that have a low environmental impact. These have been used as route buses in London since 2020, and in 2023, it has received orders for FC buses for Deutsche Bahn, Bolzano, Italy, and Strasbourg, France, and is expanding sales. In addition, starting in 2022, it has been working with Portugal based Galp and France based VINCI to replace traditional combustion-engine buses and airport operation vehicles with ZEVs at Portugal airports.
Machinery & Infrastructure	Mobility II	Shipping	We will provide high-quality, environmentally friendly, competitive ships and services to meet the ever-expanding demand for marine transportation as the world economy grows.	Use DX to select the optimal shipping routes to save fuel and use new technologies such as new kinds of fuels to help reduce the environmental burden of shipping and enable sustainable growth of maritime industries. Promote the use of new kinds of next-generation fuels and contribute to society's overall efforts to achieve decarbonization. Reduce the impact on marine ecosystems by reducing the environmental burden of ship operations.	Increase our efforts with global partners in each area of the world (shipyards, shipowners, shipowners). Showcase initiatives for utilizing the technological capabilities of Japanese manufacturers. Promote the use of new kinds of next-generation fuels in newly ordered vessels. Increase in the number of vessels that reduce environmental load.	With emission reduction in the shipping industry becoming a global issue, in April 2021 we became a strategic partner of the Maersk Mc-Kinney Moller Center for Zero Carbon Shipping (MMMCZCS), a not-for-profit international research and development center dedicated to the decarbonization of the shipping industry. From May 2022, we dispatched a secondee to work with other partners to solve technical and commercial issues in the use of low-carbon fuels for marine vessels. We are promoting the development of ship types equipped with main engines fueled by methanol, which reduces CO2 emissions, or ammonia, which does not emit CO2 when burned. We are promoting the installation of ballast water treatment equipment on ships in response to the International Maritime Organization's (IMO) Ballast Water Management Convention to avoid adverse effects on marine ecosystems caused by the transboundary movement of marine organisms contained in ballast water, which is necessary when cargo is transported by ship. In the ship trading and ownership business, we are working to replace a generation of ships by increasing orders for ships that will lead to a significant reduction in SOx and NOx emissions.
Chemicals	Basic Materials	Covering all business areas of the Business Unit (Gas Chemicals Business/Basic Chemicals Business/Performance monomer/Tank Terminal Business)	We will realize a decarbonized society and a circular economy.	Create business and strengthen initiatives in the areas of emission management and recycling.	Work on manufacture and sale of low-carbon products. Develop fuel ammonia and various recycling businesses.	We are currently developing a variety of low-carbon methanol and ammonia projects. We are also in the process of constructing a PET recycling plant.
Chemicals	Performance Materials	Manufacturing and distribution	We will work to procure and provide safe and secure products to achieve a sustainable society through environmental protection.	Disseminate our sustainable supply chain policy throughout our supply chain.	Monitor the implementation status of each individual procurement policy.	We have formulated individual procurement policies for timber, paper products and natural rubber, which we recognize as products which are required to be in line with the protection of the natural environment when effectively utilizing forest resources.
Chemicals	Performance Materials	Clean energy business	We will work to accelerate energy transformation and promote clean energy (such as hydrogen) to help achieve a carbon-free society.	Achieve the decarbonization of the mobility sector, particularly in commercial vehicles, by building a value chain for fuel cell electric vehicles (FCEVs) and hydrogen production and supply.	Enhance collaboration with partner companies and expand the hydrogen supply chain.	We are investing in compressed hydrogen gas tank systems, battery systems/vehicle integration business and hydrogen station developers and operators, green hydrogen business as well as providing business support.
Chemicals	Performance Materials	Forestry resources	We will contribute to the reduction of greenhouse gases and work to conserve biodiversity.	Contribute to greenhouse gas reduction by tree planting and comply with forest certification.	Establish greenhouse gas reduction projects through tree planting and maintain forest certification for our forestry assets.	We have enhanced our efforts to reduce greenhouse gases with partner companies. We have obtained forest certification for all our afforestation assets overseas.
Chemicals	Performance Materials	Materials and products business	Through our materials and products business, we will contribute to the achievement of a carbon-free and recycling-oriented society.	Develop and recycle environmentally friendly materials and products. Create and enhance other recycling-oriented businesses.	Develop and market low-environmental impact materials and products with partner companies, and develop and provide solutions including the construction of circular business models.	We have participated in CLOMA (Japan Clean Ocean Material Alliance) to help solve problems of plastic waste in oceans. We are promoting the development and commercialization of low-environmental impact materials and products with partner companies in the fields of plastics, biochemicals, and paper.
Iron & Steel Products	Iron & Steel Products	Renewable energy	We will work on the manufacture, maintenance and repair of infrastructure for renewable energy.	Help spread the use of renewable energy through the manufacture of equipment used in onshore and offshore wind turbine towers, as well as the establishment of inspection and repair business for tower materials and equipment.	Expand the services that we handle and the areas that these cover.	We are developing inspection and maintenance services for offshore wind power generation facilities in Japan though Horizon Ocean Management, responding to the need for preventive maintenance and life extension for wind power generation facilities. Through Regency Steel Japan Ltd. we are engaged in the manufacture and supply of self-elevating platform vessels and components for bottom-fixed and floating foundation structures. Through partnership with Global Energy Group we are promoting the fabrication and repair of offshore structures for renewable energy. We are promoting the global expansion of wind power tower and flange manufacturing with GRI Renewable Industries.
Lifestyle	Food	Trading/business investment initiatives	We will contribute a circular economy by creating existing business and new business models.	Add value to by-products generated in our food value chain. Promote the setting up of a sales channel expansion circulation system by cultivating demand.	Find out how by-products can be effectively used. Make proposals positively to existing and new customers about how such by-products can be used. Achieve a reduction of waste generated in the value chain, reuse by-products, and utilize sales channels.	We have effectively utilized by-products such as soybeans, rapeseed, wheat, sesame, and corn for livestock and fishery feed. We have reused sugar cane chaff as fuel for power generation. We have made sludge generated by wastewater treatment dried and used them as boiler fuel. Remnants of strawberry flesh on leaves removed from cut strawberries, are utilized to make juice. We have utilized tea leaf residue is used as a raw material for compost.
Lifestyle	Retail	Food retail	We will reduce the environmental burden in the food distribution value chain.	Expand the procurement and handling of materials, packaging materials in our business value chain that have a low environmental impact. Promote the reduction of the environmental impact in our business.	Enhance procurement and development capabilities for materials and packaging materials that have a low environmental impact. Cooperate with suppliers, manufacturers, and customers to procure materials and packaging materials that have a low environmental impact and increase the frequency of development.	We are providing customers with thin-walled, lightweight, and simplified food containers and packaging materials (reduction of packaging usage). We are using biomass film, biomass ink, aluminum-free paper cartons, thinner wood, recycled film and forest-certified paper.
Innovation & Corporate Development	IT & Communication	IT Service	We will contribute to realize the decarbonized society utilizing IoT and Cloud technology.	Contribute to realize the decarbonized society by reducing energy consumption through the utilization of IoT and cloud technology, and to optimize the air conditioning of spaces.	Increase the number of companies that have introduced services and the scale of air conditioning assets owned.	Through Mitsui Knowledge Industry Co., Ltd. (MKI), a subsidiary, we are providing GeM2, a cloud-based energy management service that provides both energy-saving and comfort, as well as a cloud-based remote monitoring service for solar power generation facilities. Through Air as a Service., Ltd. (AaaS), an affiliated company, we are providing a service that optimizes air conditioning usage environments and maximizes energy savings through the remote monitoring and control of industry-use air conditioning and ventilation systems.
Innovation & Corporate Development	Corporate Development	Commodity derivatives	We will contribute to realize the low-carbon society through transactions involving derivatives such as power certificates and emissions credits that contribute to the carbon management of customers in Japan and overseas, and by demonstrating optimization functions.	Realize concrete progress on customers' carbon management plans by demonstrating carbon management functions that meet customers' needs.	Strengthen our ability to trade in power certificate and emissions credit markets and grow our customer base. Cultivate knowledge and personnel connected to carbon management structures and systems.	We are expading trading functions and expand their customer base at Environment & Energy Sales Department of The Commodity Markets Division's and Mitsui Bussan Commodities Ltd.
Create an eco-friendly society	Corporate Development	Financial, Asset Management	Contribute to the creation of an eco-friendly society by funding sustainable infrastructure initiatives.	Build an asset management portfolio focused on renewable energy and peripheral business areas.	Identify and accumulate examples of funding in countries in which the Fund invests.	We are currently considering several sustainable infrastructure businesses for investment.

Develop talent leading to value creation

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Segment	Business unit	Business field	Response to issues	Target (assuming a date by 2030)	Actions and performance indices for achieving the target	Current status/progress
Corporate Staff	Corporate Staff	Workforce management (managing workplace environments)	We will create frameworks for new value creation through the advancement of work style innovation.	Aim to raise the competitiveness of the entire group and provide new value to society by cultivating environments that enable each employee to become more productive, handle the uncertainty generated by constant environmental changes, and demonstrate their capabilities to the fullest.	Correct long working hours. Constant achievement of the percentage of annual leave taken to over 70%.	Average annual paid leave taken: 13.8days. Average annual paid leave usage ratio: 71.4%.
Corporate Staff	Corporate Staff	Diversity management	Our aim is for each of our employees, regardless of employment location, gender, or any other individual characteristics, to recognize and fully leverage each other's diverse backgrounds and abilities to bring new value to our business.	Realize diversity and inclusion.	Grow into an organization that thrives on diversity (implement the Mitsui Engagement Survey, monitor the results, and utilize them for organizational development) Promote diverse human resources —Achieve a 10% ratio of female managers by the fiscal year ending March 31, 2025 (Japan) —Achieve internal KPIs for internally promoted line managers at overseas subsidiaries by 2025 (not disclosed) (Global) Continue to Challenge and Innovate through our diverse workforce —Leverage our Values in competency evaluations (global) Promote independent career support by reviewing human resource systems (Japan)	We have measured the level of employee engagement and employee enablement, and used the results to make organizational improvements. We reported the results to the Executive Committee and the Board of Directors and used them to formulate human resource strategies. Results of the Mitsui Engagement Survey 2022: Employee Engagement was 72% (+1% vs previous year), and Employee Enablement was 69% (unchanged from previous year). Women Leadership Initiative: We strengthened the development of female leaders, including support activities by female outside directors (with 48 employees taking part in total). Sponsorship Program: Executive Committee members provided advice and guidance on careers for female senior leadership candidates (with 16 employees taking part in total). Change Leader Program: We implemented a program for prospective leaders that were hired overseas (with a total of 55 employees taking part in total). Mitsui Leadership in Action: We introduced standards of conduct based on Mitsui's Values at the Head Office and overseas subsidiaries. The program is being utilized as part of hiring, training, evaluation, and appointment decisions. We introduced the following new systems: (1) Business Manager Incentive Plan, and enhanced Succession Management, (2) Career Challenge System, (3) Share-Based Compensation Plan for Employees, and (4) Expert Band. We conducted HR Strategy Meetings where the President, the Chief Human Resources Officer (CHRO), the General Manager of the Human Resources & General Affairs Department, and the COOs of each Business Unit and General Managers of each Corporate Division discuss succession plans for key positions.
Corporate Staff	Corporate Staff	Human resources development	We will place the Mitsui & Co. global group's diverse pool of competent individuals into the right positions at the right time and cultivate and utilize business management talent.	Cultivate personnel who can take on global group management and facilitate change and growth.	Implement human resource development programs. Realize 100% fulfillment of internal English-speaking requirements.	We have implemented the Global Training Program (dispatching 159 employees to 30 countries in FY Mar/2023). We have carried out training to cultivate personnel who can take on global group management.
Corporate Staff	Corporate Staff	Health management,Occupational Health and Safety	We will develop workplace environments in which employees can continue to work healthily and safely, without falling into patterns of chronic overwork, so that they can fully demonstrate their capabilities and continue to strengthen the competitiveness of the Mitsui & Co. group.	Steadily promote occupational health and safety and health management throughout the global group.	Percentage of employees undergoing health checks in FY Mar/2022: 100%. Medical questionnaire response rate in FY Mar/2022: 100%. Percentage of employees undergoing stress checks in FY Mar/2022: 90% or higher. Smoking rate: Reduction of 0.5% compared to the previous FY. Work place accidents and fatal accidents: Zero.	Promotion of Mitsui Health Report:(100% of the employees underwent health checks, 83.0% underwent stress checks, and 91.6% responded to a medical questionnaire in FY Mar/2023). We have held anti-smoking seminar programs. Smoking rate: Reduced 0.5% compared to FY Mar/2023. Zero Workplace Accidents and Fatal Accidents

Build an organization with integrity

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Segment	Business unit	Business field	Response to issues	Target (assuming a date by 2030)	Actions and performance indices for achieving the target	Current status/progress
Corporate Staff	Corporate Staff	Integrity and compliance	We will raise integrity awareness, including ensuring compliance among all officers and employees.	Revitalize the organization and improve reputation through policies that address issues.	Create organizations that act with integrity on a global group basis so that the Mitsui & Co. global group can continue to be a truly trustworthy corporate group for society. Ensure early detection and response to compliance issues, and strengthen prevention measures. Establish and strengthen compliance structures and carry out compliance education and training to ensure that employees are more thoroughly aware of compliance. Facilitate communication and foster a "speak up" culture.	We have put together the Mitsui & Co. Group Conduct Guidelines—With Integrity to share our approach toward integrity and compliance on a global group basis, and are working to raise awareness through seminars and workshops. By having Human Resource Managers at each business unit work directly with the CCO as Compliance Administrators, we are able to advance integrity and compliance measures in each organization based on company-wide policies. In addition to raising awareness of compliance and integrity at workplaces, we are accelerating the establishment and improvement of effective structures at the practical level in line with actual circumstances at affiliated companies. We utilize Guidelines on the Establishment of Compliance Systems at Affiliated Companies, to strengthen compliance systems at affiliated companies on a global basis, and we carry out regular monitoring. To improve the credibility of the systems and promote their use, the CEO sent out a message encouraging employees to "Speak Up" when we have doubts or feel that something is wrong, and in the fiscal year ended March 2023, we strengthened the whistleblower response based on the amendment of the Whistleblower Protection Act of Japan. The main initiatives carried out in FY Mar/2023 in order to raise awareness of compliance and integrity are as follows. —We provided training for employees at all levels, from new entrants to managers, as well as for employees about to be transferred overseas or to group companies, or assigned outside the company. —We held "With Integrity Month" under the theme of "Build an organization with integrity" which is one element of Mitsui's Materiality. Activities included an integrity discussion between the CEO and Mitsui employees, a discussion between the CCO and business unit COOs, and an interview and roundtable discussion with executives titled "Past Corporate Scandals and Integrity" for the entire company. In addition, each business unit and overseas office voluntarily conducted integrity-related projects in their respective organizations. —We continued providing a learning course based on a Compliance Handbook explaining the "Business Conduct Guidelines for Employees and Officers of Mitsui & Co." in order to promote the assimilation of basic compliance knowledge that officers and employees of Mitsui should acquire in the course of their daily business activities. We also provide a “Mitsui & Co. Group Compliance Handbook” and e-learning to the group companies that requested them. — In our annual compliance awareness survey, we added questions aimed at understanding the status of compliance and identifying indications of potential compliance issues, and while measuring organizational openness and psychological safety, etc., we strengthened efforts to prevent the occurrence of compliance problems in cooperation with each business unit. We are carrying out compliance awareness surveys and utilize them to improve compliance structures in each organization. The compliance awareness surveys are being used on a global group basis, customized according to the size and region of the organization.
Corporate Staff	Corporate Staff	Corporate governance and internal controls	We will raise the transparency and fairness of management, enhance corporate governance, and establish and improve internal controls.	Make sustainable improvements of corporate value through achievement of highly effective corporate governance and continuous review. Establish and ensure the appropriate operation of internal controls systems in order to achieve management targets based on our Corporate Mission Vision Values.	Conduct continuous review and further strengthen internal controls systems for optimization of our corporate governance in accordance with the Mitsui & Co., Ltd. Corporate Governance and Internal Control Principles through annual evaluation of the effectiveness of the Board of Directors in order to optimize our corporate governance. Maintain the diversity of the Board of Directors and its advisory committees, which includes external members. Respond to the findings of evaluations of the effectiveness of the Board of Directors. Maintain the structure of remuneration for directors that strongly encourage medium- to long-term improvement in corporate value and sustainable growth. Carry out highly transparent disclosure. Check internal controls systems through annual internal controls reviews.	We are making the Board of Directors more diverse. As of June 21, 2023, the Board contained six external directors (over a third of the Board) and four women (26.7%). More than half of the members of advisory committees are external members and these committees carry out dynamic discussions on topics such as enhancement of the transparency and effectiveness of the procedures for the appointment of executives including the CEO as well as the external directors (Nomination Committee), revisions to the remuneration of directors and monitoring of the operation of remuneration systems (Remuneration Committee), institutional design based on our business execution framework, and evaluation of the effectiveness of the Board of Directors (Governance Committee). We enhanced disclosure of the director and Audit & Supervisory Board member skill matrix in notices of general meetings of shareholders and integrated reports and disclosure regarding director's remuneration in securities reports. In FY Mar/2023, free discussions among all members of Board of Directors and Audit & Supervisory Board were held twice (themes: "(1) Response to Climate Change, (2) Opinion Exchange on Improving Value in the Next Medium-term Management Plan" and "Economic security"). Our response to each issue identified in the FY Mar/2022 evaluation of the effectiveness of the Board of Directors is as follows. (1) Continuing consideration of high-level analysis of substantive effectiveness relating to the number of directors and the role and ratio of internal directors, based on the existing business executive structure and governance systems: The governance Committee discussed Mitsui & Co.'s business executive structure and the institutional design at meetings in May and October 2022, conducting hearing sessions regarding the external members' experience. (2) Continue with initiatives to improve the operation of the Board of Directors: We took actions such as appropriate implementation and monitoring of the standards on matters to be resolved/reported at the Board of Directors, further use of written resolutions/reports and careful consideration of the necessity of submitting proposals and reporting that may have a material impact on the Company's management even if they do not meet the monetary criteria, with a view to improving the operation of the Board of Directors. In FY Mar/2023, it was concluded that the effectiveness of the Board of Directors, including its response to the issues outlined above, was appropriate. In FY March/2022, we introduced a performance-linked stock remuneration plan, linked to the achievement of management indicators that the Company should place emphasis on, such as ESG elements including response to climate change, and ROE. The Remuneration Committee, which is chaired by an independent external director, deliberated on the remuneration system from the perspective of improving corporate value over the medium to long term, with the aim of disclosing the management indicators that the Company places emphasis on in its management strategy in an easy-to-understand manner. In FY Mar/2023, in order to operate the necessary systems to ensure appropriate operations, the Company established and maintained each internal control system by holding physical meetings and carrying out visiting audits in combination with online meetings and/or video messages, etc.
Corporate Staff	Corporate Staff	Risk management	We will contribute to the advancement of sustainable business activities by identifying and managing the various risks surrounding the group's business.	Establish and maintain a comprehensive risk management structure to integrate groupwide risk management.	Control of the impact on shareholders' equity, and the maintenance and periodic review of internal rules by each corporate staff division. Control of risk at each workplace at business units and overseas regional business units; strategy planning, policy formulation and regulatory compliance.	We identify company-wide material risks across our organizations and implement measures to control risks. The Chief Operating Officers of each business unit and regional business unit are responsible for managing risks in their business domain within the authorization delegated to them as part of the performance of their duties. Meanwhile, the corporate staff divisions provide support to business units and regional business units regarding the aspects of risk management that they are in charge of while also monitoring the company-wide position and reporting to management. In addition, advisory bodies to the Executive Committee and the major committees under them, develop and maintain risk management structures on a company-wide basis and handle material risks. We have also established an integrated risk management system, centered on the Executive Committee and its advisory body, the Portfolio Management Committee, that centrally manages company-wide risks. The Corporate staff divisions, which serve as the secretariat, manage risks from a company-wide perspective, and coordinate with related divisions to identify material risks in light of their frequency of occurrence, expected damage scale and company-wide risk tolerance, while taking appropriate measures. In the fiscal year ended March 2023, these efforts were reported to the Executive Committee and the Board of Directors after discussions by the Portfolio Management Committee.