Mitsui & Co.’s Materiality
Create an eco-friendly society
Accelerate initiatives towards environmental issues, such as responding to climate change and water resource problems, and contributing to a circular economy.
Recognition of Societal Issues
- Global warming, climate change
- Water resource shortages
- Circular economy
- Environmental pollution
- Loss of biodiversity
Major Risks and Opportunities
Risks
- Impact of tighter policies and regulations as part of the transition to a low-carbon society
- Impact of new technologies and the creation of new markets on supply and demand in existing business areas
- Disruption of business operations due to the impact of cyclones, hurricanes, and other physical impacts linked to climate change
- Impacts on the natural environment, such as the large-scale use of water in business operations
- Impact of leakage of hazardous chemicals
- Increase of environmental costs due to the destruction/deterioration of eco-systems
Opportunities
- Accelerating market changes in the mobility area resulting from rising environmental awareness and the tightening of regulations
- Expansion of markets for environment-related business areas, such as renewable energy
- Demand for high-efficiency power plants
- Creation of new business models based on the circular economy
- Handling of products and services that contribute to the creation of a lowcarbon society by conserving energy and reducing greenhouse gas emissions
Materiality Action Plans
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 |
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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. |
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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. |
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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. |
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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.
We have created an individual procurement policy for timber, which is recognized as a product that has a significant environmental and social impact. |
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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%. |
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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. |
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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. |
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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. |
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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. |
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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. |
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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. |
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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. |
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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. |
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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. |
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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. |
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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. |
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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. |
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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. |
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Lifestyle | Food | Trading/business investment initiatives | We will contribute a circular economy by creating existing business and new business models. |
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Lifestyle | Retail | Food retail | We will reduce the environmental burden in the food distribution value chain. |
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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. |
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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. |
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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. |
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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. |