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Mitsui & Co.’s Materiality

Materiality Action Plans

Secure sustainable supply of essential products

Please scroll horizontally to look at table below.

SDGs
targets(s)
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
  • RESPONSIBLE CONSUMPTION AND PRODUCTION
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 the amount of underground metal/ore resources and promoting our recycling businesses.
  • Continue underground metal/ore resource development through improved cost competitiveness.
  • Improve the value chain of our recyling businesses.
  • We have acquired new interests in Western Ridge iron deposits owned by BHP in the Australian iron ore business (BHP 85%, Itochu 8%, Mitsui 7%).
  • We have acquired new interests in Grosvenor Coal Mine owned by Anglo American in the Australian coking coal business. Also, we are working to consolidate the adjacent mining areas and improve productivity (Anglo American 88%, our Company 4.75%, others).
  • We have made additional investment in interests in the Collahuasi copper mine in Chile (a 0.97% additional interest acquisition to bring our holding to 12%).
  • RESPONSIBLE CONSUMPTION AND PRODUCTION
Energy Energy I, Energy II Energy development We will contribute to the stable supply of renewable 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 launching new projects. Create ways to enhance existing supply projects. We are promoting new energy development projects to steadily meet the needs of consumers around the world. In December 2020, the final investment decision was made (subject to the necessary government approvals) for the development of Stage 2 of the Waitsia Gas Field in Western Australia.
  • AFFORDABLE AND CLEAN ENERGY
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 65 electric power projects (Net capacity 10.8GW) in 22 countries around the world, we are working on a stable power supply that supports people's lives.Fukushima Gas Power Co., Ltd., in which we have invested, continues to operate safely following its completion in FY Mar/2021. Based on a pollution control agreement with the local government, we are conducting regular environmental monitoring.
  • INDUSTRY, INNOVATION AND INFRASTRUCTURE
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 FPSO, which is jointly owned by MODEC. Going forward, we will continue to strive to acquire new projects in the global deep-sea oil and gas field areas, mainly off the coast of Brazil, and work to maintain and expand our stable supply base.
  • INDUSTRY, INNOVATION AND INFRASTRUCTURE
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, with a cumulative total of 10.5 million employee work hours since the start of operations, with no personal injuries resulting in leave of absence.
We are promoting the expansion of DX functions to further improve customer convenience in cooperation with local logistics platforms, such as a paperless (online) fee payment process.
  • INDUSTRY, INNOVATION AND INFRASTRUCTURE
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, Russia, The Philippines, etc., where demand for passenger and transportation vehicles is expanding with economic growth, we have begun a leasing business in Brazil.
  • INDUSTRY, INNOVATION AND INFRASTRUCTURE
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 considering the use of trucks utilizing IT to achieve efficient multi-modal transportation with low environmental impact.
  • AFFORDABLE AND CLEAN ENERGY
  • INDUSTRY, INNOVATION AND INFRASTRUCTURE
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.
  • GOOD HEALTH AND WELL-BEING
  • INDUSTRY, INNOVATION AND INFRASTRUCTURE
Machinery & Infrastructure Mobility II Railways We will promote our environmentally friendly railway transportation business, which serves as a major logistics artery in Europe and the Americas. European environmental policy in the railway field promotes the shift from trucks to railways, promotion of electrification, promotion of regional integration, etc. The policy is to increase the railway modal share from 18% in 2020 to 30% by 2030. By offering electric locomotives and maintenance services that will play a part in this policy, we help to reduce the environmental burden. Phase out diesel locomotives and have only electric ones.
Reduce the environmental burden of our locomotives.
Mitsui Rail Capital Europe (MRCE), a subsidiary of Mitsui & Co., Ltd., which is the largest company in the European locomotive leasing industry, is working to reduce the environmental burden through the use of electric locomotives.
  • INDUSTRY, INNOVATION AND INFRASTRUCTURE
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 the frequency of supply chain disruption due to the COVID-19 pandemic is increasing, our trading function has made it possible for us to connect chains and give them some spare capacity. We will continue to maintain and improve our functions and presence.
  • RESPONSIBLE CONSUMPTION AND PRODUCTION
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 securit trade control. We regularly conduct training in the laws relating to chemical substance management to all Mitsui & CO. and group companiew that handle chemical substances.
  • INDUSTRY, INNOVATION AND INFRASTRUCTURE
Chemicals Performance Materials Detergent raw materials, oleochemical business We will achieve stable supplies in the detergent raw materials and oleochemical business areas. Build stable supply systems. Expand manufacturing and stabilize production. We are supporting detergent raw material manufacturing and sales support in Thailand. We are promoting oleochemical production in Malaysia and China.
  • ZERO HUNGER
Chemicals Nutrition & Agriculture Agri-science business/Agri-solution business/Agri-innovation 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 started an Ag-tech demonstration test in Hokkaido.
  • ZERO HUNGER
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 entered the animal health field through investment in Ceva.
  • AFFORDABLE AND CLEAN ENERGY
  • CLIMATE ACTION
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 have agreed to develop a platform that enables visualization of product LCA throughout the supply chain.
  • ZERO HUNGER
  • RESPONSIBLE CONSUMPTION AND PRODUCTION
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.
  • ZERO HUNGER
  • RESPONSIBLE CONSUMPTION AND PRODUCTION
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.
  • GOOD HEALTH AND WELL-BEING
  • RESPONSIBLE CONSUMPTION AND PRODUCTION
Lifestyle Wellness Contracted 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.
  • Despite the effects of the spread of COVID-19, we are helping achieve stable food supplies by providing free special menus to medical institutions.
  • 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. We have obtained MSC/ASC CoC certification(*1), the first for a food supply business in Japan. We have begun providing 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 have started offering 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

Please scroll horizontally to look at table below.

SDGs
targets(s)
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
  • REDUCED INEQUALITIES
  • PARTNERSHIPS FOR THE GOALS
Mineral & Metal Resources Mineral & Metal Resources Metal resources 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.
  • REDUCED INEQUALITIES
  • PARTNERSHIPS FOR THE GOALS
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.
  • RESPONSIBLE CONSUMPTION AND PRODUCTION
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 system of LNG, which has a relatively low environmental impact, to contribute to energy transitions around the world.
  • AFFORDABLE AND CLEAN ENERGY
  • INDUSTRY, INNOVATION AND INFRASTRUCTURE
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 leading company in the mini-grid business that provides a stable supply of electricity (mainly using renewable energy) in non-electrified areas in India, and is currently supplying renewable energy power to 50,000 people.
  • NO POVERTY
  • INDUSTRY, INNOVATION AND INFRASTRUCTURE
  • SUSTAINABLE CITIES AND 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 smart cities.
  • 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).
  • Develop smart cities in the ASEAN region.
  • Lay and operate submarine communication cables in Asia.
  • We have begun the first phase of a demonstration project with a local partner to expand the production of African agricultural products. In the first phase, we plan to build IT systems, establish local operations, and formulate pre-marketing strategies for brands and consumers.
  • We are demonstrating smart businesses that can help solve urban issues in Malaysian cities. We have set up a smart city initiative master plan and systematic development is underway.
  • INDUSTRY, INNOVATION AND INFRASTRUCTURE
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 subway development project aimed at alleviating serious traffic congestion in Jakarta (the capital city) due to rapid economic growth in Indonesia, and are developing core infrastructure that will lead to an improvement in the investment environment.
  • AFFORDABLE AND CLEAN ENERGY
  • INDUSTRY, INNOVATION AND INFRASTRUCTURE
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.
  • GOOD HEALTH AND WELL-BEING
  • INDUSTRY, INNOVATION AND INFRASTRUCTURE
Machinery & Infrastructure Mobility II Railways We will promote our environmentally friendly railway transportation business, which serves as a major logistics artery in Europe and the Americas. European environmental policy in the railway field promotes the shift from trucks to railways, promotion of electrification, promotion of regional integration, etc. The policy is to increase the railway modal share from 18% in 2020 to 30% by 2030. By offering electric locomotives and maintenance services that will play a part in this policy, we help to reduce the environmental burden. Phase out diesel locomotives and have only electric ones.
Reduce the environmental burden of our locomotives.
Mitsui Rail Capital Europe (MRCE), a subsidiary of Mitsui & Co., Ltd., which is the largest company in the European locomotive leasing industry, is working to reduce the environmental burden through the use of electric locomotives.
  • INDUSTRY, INNOVATION AND INFRASTRUCTURE
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 and Kansai Paint.
  • GOOD HEALTH AND WELL-BEING
  • INDUSTRY, INNOVATION AND INFRASTRUCTURE
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. Market high-quality Japanese products overseas and understand consumer needs. We are promoting the development of new high-quality skincare products for U.S. consumers.
We are promoting the establishment of a business base aimed at popularizing and selling of high-quality skincare products in Brazil.
  • GOOD HEALTH AND WELL-BEING
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.
  • INDUSTRY, INNOVATION AND INFRASTRUCTURE
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.
  • RESPONSIBLE CONSUMPTION AND PRODUCTION
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.
  • DECENT WORK AND ECONOMIC GROWTH
  • RESPONSIBLE CONSUMPTION AND PRODUCTION
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 questionnaires and the responses have been collected.
  • DECENT WORK AND ECONOMIC GROWTH
  • RESPONSIBLE CONSUMPTION AND PRODUCTION
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.
  • GOOD HEALTH AND WELL-BEING
Lifestyle Wellness Hospital/clinic business To meet the rapidly increasing demand for medical care in 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 (*1), we will contribute to the sustainable development of the medical system.
*1. 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 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.
  • We have begun the creation of a platform for patient data of about 30 million patients across Asia.
  • INDUSTRY, INNOVATION AND INFRASTRUCTURE
Innovation & Corporate Development IT & Communication IT Service 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 CT 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.
  • GOOD HEALTH AND WELL-BEING
  • INDUSTRY, INNOVATION AND INFRASTRUCTURE
Innovation & Corporate Development IT & Communication Healthcare utilizing IT 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 are developing services that use remote medical imaging technology to provide specialist radiographic image interpretation for physicians. It aims to resolve the issue of medical resources tending to be concentrated in urban areas and also to contribute to increasing the quality of medical care across the industry.
  • GOOD HEALTH AND WELL-BEING
  • SUSTAINABLE CITIES AND COMMUNITIES
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 33 properties offering around 3,600 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

Please scroll horizontally to look at table below.

SDGs
targets(s)
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
  • AFFORDABLE AND CLEAN ENERGY
  • RESPONSIBLE CONSUMPTION AND PRODUCTION
Mineral & Metal Resources Mineral & Metal Resources Mineral and metal resources 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 low-carbon 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.
  • We have reached agreement with Vale/Kobe Steel/Midrex to jointly consider launching a new company to provide low-carbon iron sources and low-carbon iron-making solutions.
  • We are collaborating with partners to reduce Scope 1/2 GHG emissions(exhaust gas from mining equipment, accompanying methane gas, etc.) from our coking coal business. Also considering the possibility of collaborating with related infrastructure and technology owners.
  • We are trying to switch all electricity procured for the Collahuasi copper mine in Chile to renewable energy sources.
  • INDUSTRY, INNOVATION AND INFRASTRUCTURE
  • RESPONSIBLE CONSUMPTION AND PRODUCTION
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 businesses at our domestic and overseas bases and among investees (MM Building Materials, Kyoei Recycling, Sims Metal Management (Australia), etc.).
  • We are promoting reuse and recycling businesses for EV waste battery cells and packs.
  • AFFORDABLE AND CLEAN ENERGY
  • CLIMATE ACTION
Energy Energy Segment Energy solutions We will contribute to the achievement of a low-carbon or no-carbon-emitting 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 posses 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 have participated in distributed renewable energy, energy management business, carbon-free LNG/biofuel/next-generation fuel supply, and CO2 Capture and Storage (“CCS”) businesses.
  • In March 2021 we participated in investment in CCS company Storegga Geotechnologies Limited of the UK.
  • In March 2021, we achieved the delivery of carbon-neutral LNG (carbon-offset LNG through our CO2 credits) to the Hokkaido Gas Company.
  • We have created an individual procurement policy for timber and paper products, which is recognized as a product that has a significant environmental and social impact.
  • AFFORDABLE AND CLEAN ENERGY
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.
Our wind power generation business (total power generation capacity 97.2 MW) in southern Argentina, in participation with France's Total Eren S.A., started operations in February 2021 and making progress to establish stable operations.
  • CLEAN WATER AND SANITATION
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 Atlatec 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.
  • AFFORDABLE AND CLEAN ENERGY
  • INDUSTRY, INNOVATION AND INFRASTRUCTURE
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 by selecting partners for infrastructure construction related to decarbonization.
  • Using our existing traders and business partners to assist us, we will promote the development of new traders in overseas markets such as Europe, as we seek to discover new products.
  • SUSTAINABLE CITIES AND COMMUNITIES
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 low-carbon 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 low-carbon-emitting 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.
  • AFFORDABLE AND CLEAN ENERGY
  • INDUSTRY, INNOVATION AND INFRASTRUCTURE
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.
  • GOOD HEALTH AND WELL-BEING
  • INDUSTRY, INNOVATION AND INFRASTRUCTURE
Machinery & Infrastructure Mobility II Railways We will promote our environmentally friendly railway transportation business, which serves as a major logistics artery in Europe and the Americas. European environmental policy in the railway field promotes the shift from trucks to railways, promotion of electrification, promotion of regional integration, etc. The policy is to increase the railway modal share from 18% in 2020 to 30% by 2030. By offering electric locomotives and maintenance services that will play a part in this policy, we help to reduce the environmental burden. Phase out diesel locomotives and have only electric ones.
Reduce the environmental burden of our locomotives.
Mitsui Rail Capital Europe (MRCE), a subsidiary of Mitsui & Co., Ltd., which is the largest company in the European locomotive leasing industry, is working to reduce the environmental burden through the use of electric locomotives.
  • RESPONSIBLE CONSUMPTION AND PRODUCTION
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 low-carbon 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 decided to adopt a policy for low-carbon methanol production using a U.S. methanol production facility.
  • RESPONSIBLE CONSUMPTION AND PRODUCTION
Chemicals Performance Materials Manufacuturing and distribution We will work to procure and provide safe and secure products to achieve a sustainable society through environmental protection. Aim to disseminate our sustainable supply chain policy for sustainable supply chain initiatives and to achieve this policy throughout our supply chains. Monitor the implementation status for each individual procurement policy. We have formulated individual procurement policies for timber, paper products and natural rubber, which we recognize as products those procurement is required to be compatible with the protection of the natural environment when effectively utilizing forest resources.
  • AFFORDABLE AND CLEAN ENERGY
Chemicals Performance Materials Clean energy business We will work to accelerate energy transformation and popularize clean energy (such as hydrogen) to help achieve a carbon-free society. Create demand for hydrogen and solve industry issues such as cost reduction and deregulation. Enhance levels of collaboration with partner companies and expand the hydrogen supply chain. We are investing in hydrogen tank manufacturers and hydrogen station operating companies, as well as providing business support.
  • CLIMATE ACTION
  • LIFE ON LAND
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.
  • RESPONSIBLE CONSUMPTION AND PRODUCTION
  • LIFE BELOW WATER
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, and create and enhance other recycling-oriented businesses. Develop and market low-environmental load 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 studying the development and business of low environmentally friendly materials and products with partner companies in the fields of plastics, biochemicals, and paper.
  • AFFORDABLE AND CLEAN ENERGY
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 have established Horizon Ocean Management, Ltd. jointly with Hokutaku Co., Ltd., the largest wind turbine maintenance company in Japan.
  • We are promoting to preventive maintenance and longevity needs for wind power generation equipment, due to the increase in domestic offshore wind power generation facilities.
  • We are supplying materials from Regency Steel Japan that are used in the building of self-elevating platforms (vessels).
  • Through partnership with Global Energy 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.
  • RESPONSIBLE CONSUMPTION AND PRODUCTION
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.
  • We have made cut-strawberries with their leafy calyxes squeezed to make juice.
  • We have utilized tea leaf residue is used as a raw material for compost.
  • RESPONSIBLE CONSUMPTION AND PRODUCTION
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.
  • AFFORDABLE AND CLEAN ENERGY
  • INDUSTRY, INNOVATION AND INFRASTRUCTURE
Innovation & Corporate Development IT & Communication Digital solutions We will contribute to realize the low-carbon society utilizing IoT and Cloud technology. Contribute to realize the low-carbon 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.
  • AFFORDABLE AND CLEAN ENERGY
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.

Develop talent leading to value creation

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SDGs
targets(s)
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
  • DECENT WORK AND ECONOMIC GROWTH
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: Reduce the number of employees working more than 620 hours of overtime per year (statutory calculation) to zero by supporting individual employees’ efforts to improve productivity and efficiency through priority-focused work styles.
  • Encourage the taking of annual leave: Increase the percentage of annual leave taken (including leave taken in half-day and hourly units) to 70% by supporting individual employees’ efforts to improve productivity and efficiency through priority-focused work styles.
  • Average annual paid leave taken: 11.5days.
  • Average annual paid leave usage ratio: 60.0%.
  • GENDER EQUALITY
  • REDUCED INEQUALITIES
Corporate Staff Corporate Staff Diversity management We will make the group more competitive by creating innovation through the promotion of diversity management. Realize diversity and inclusion. Achieve a female manager ratio of 10% by FY Mar/2025.
  • We have carried out the Change Leader Program and Change Leader Business Meetups.
  • Regionally hired staff were appointed into management positions (17% of all GM positions).
  • We are cultivating leaders among regionally hired staff (cumulative employees: 176).
  • We promoted women leadership initiatives (with 23 female employees taking part).
  • QUALITY EDUCATION
  • DECENT WORK AND ECONOMIC GROWTH
  • REDUCED INEQUALITIES
Corporate Staff Corporate Staff Human resources development We will place the global group's diverse pool of professional talent 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 68 employees to 27 countries).
  • We have carried out training to cultivate personnel who can take on global group management.
  • GOOD HEALTH AND WELL-BEING
Corporate Staff Corporate Staff Health management,Occupational Health and Safety
  • We will develop safe and healthy working environments in which each individual employee can continue to work with confidence in order to enable employees to fully demonstrate their capabilities and strengthen the competitiveness of the entire group.
  • We will develop workplace environments in which employees can continue to work healthily and safely, and with peace of mind, without falling into patterns of chronic overwork.
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.
  • We have promoted Mitsui Health Heart: (89.1% of employees underwent health checks, responded to medical questionnaires, and underwent stress checks in FY Mar/2021).
  • We have held anti-smoking seminar programs: (Reduction of 0.5% compared to the previous FY).

Build an organization with integrity

Please scroll horizontally to look at table below.

SDGs
targets(s)
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
  • REDUCED INEQUALITIES
  • PEACE, JUSTICE AND STRONG INSTITUTIONS
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.
  • 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 brought together integrity and compliance issues that should be shared across the entire group as the Mitsui & Co. Group Conduct Guidelines—With Integrity, and are working to raise awareness through seminars and workshops.
  • We have introduced the Compliance Administrator System at business units, and personnel responsible for human resources management work directly with the CCO, who is responsible for these efforts, to advance integrity and compliance measures that are based on group policies but adapted for individual workplaces at each organization. In addition to raising awareness of compliance and integrity at workplaces, we are accelerating the establishment and improvement of effective structures that reflect actual circumstances at affiliated companies.
  • We have introduced Guidelines on the Establishment of Compliance Systems at Affiliated Companies to strengthen compliance systems at affiliated companies and we carry out regular monitoring to ensure they are being applied.
  • Compliance and integrity related training initiatives carried out in FY Mar/2020 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” on the theme of “Act with Integrity,” inspired by Mitsui’s management philosophy (Mission, Vision, Values). The President & CEO, the CCO, and external directors delivered a message about the group's approach to integrity and compliance to all global employees in Japanese and English and a meeting of the Compliance Committee was streamed using web conferencing tools, providing officers and employees with an opportunity to think about integrity together.
    —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 possess in order to perform their day-to-day tasks. We also provided Mitsui & Co. Group Compliance Handbooks and e-learning to group companies that requested them.
    —We are carrying out compliance awareness surveys to inspire improvements to compliance structures at each organization. We are developing initiatives on a global groupwide scale that are tailored to regions.
  • GENDER EQUALITY
  • REDUCED INEQUALITIES
  • PEACE, JUSTICE AND STRONG INSTITUTIONS
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 18, 2021, the Board contained five external directors (over a third of the Board) and three women (21.4%). More than half of the members of advisory committees are external members and these committees carry out dynamic discussions on topics such as CEO succession planning and personnel matters concerning directors/officers (Nomination Committee), remuneration of directors and evaluation systems (Remuneration Committee), and evaluations of the effectiveness of the Board of Directors (Governance Committee).
  • We newly disclosed a director and Audit & Supervisory Board member skill matrix in notices of general meetings of shareholders and integrated reports and enhanced disclosure regarding director's remuneration in securities reports.
  • Our response to each issue identified in the FY Mar/2020 evaluation of the effectiveness of the Board of Directors is as follows.
    (1) Further improvement in the operation of Board of Directors: We have improved the quality of information provision, including enhancing Board meeting materials and pre-briefings, which has led to more dynamic discussions at Board meetings, thereby improving effectiveness.
    (2) Further improvement of the effectiveness of the Board of Directors in relation to discussions about overall strategies: We have improved effectiveness by holding two sessions of free discussion for directors and Audit & Supervisory Board members, deliberating on macro-themes, and carrying out discussion on overall strategy that incorporate changes to the social and economic environment.
    (3) Clarification of the expected roles of the advisory committees: We have strengthened effectiveness by revising regulations to clarify the role expected of each advisory committee.
  • In FY Mar/2021, it was concluded that the effectiveness of the Board of Directors, including its response to the issues outlined above, was appropriate.
  • In addition to maintaining performance-related bonuses and the introduction of a share-based remuneration plan, the Remuneration Committee, which is chaired by an external member, verified that director/officer remuneration programs are appropriate.
  • In FY Mar/2021, we were unable to carry out some physical meetings and audits because of the effects of the COVID-19 pandemic. However, we have established and maintained the systems that are necessary to ensure the appropriateness of operations in accordance with measures to prevent infections through means such as holding online meetings and using online communications tools.
  • CLIMATE ACTION
  • PEACE, JUSTICE AND STRONG INSTITUTIONS
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.
  • Support the risk management of business units and regional divisions by each corporate staff division in their relevant fields, as well as monitor the situation across the entire group and make reports to management.
  • Major committees pertaining to the execution of business and implementation of internal controls will operate as advisory bodies and sub-committees to the Corporate Management Committee in order to design and establish groupwide risk management systems and handle major risks.
  • Control risk at each workplace at business units and overseas regional business units, and comply with and propose improvements to various regulations.
  • In regard to a comprehensive risk management structure, the relevant departments in the corporate staff divisions, which are acting as secretariats, are managing risk from a groupwide perspective and monitoring groupwide risk in a cross-organizational way with a focus on frequency of occurrences, the scale of potential damage, and the overall risk tolerance of the group. They are coordinating with relevant departments in order to identify major risks and set up countermeasures.
  • In FY Mar/2021, this initiative was deliberated on by the Portfolio Management Committee, an advisory body to the Corporate Management Committee, and then a report was made to the Corporate Management Committee and Board of Directors.