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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

As a company with business operations in countries and regions worldwide, Mitsui & Co. recognizes that climate change and other impacts on the global environment could cause significant risks to the sustainable growth of society and Mitsui itself. In recent years, the response of business corporations to climate change has become increasingly important in terms of the sustainability of society, especially since the adoption of the Paris Agreement by the United Nations. We also recognize that the response to climate change will create new business opportunities due to the accelerating shift to energy conservation, renewable energy, EV/new technologies/new materials/multi-materials in the mobility field, and innovative services based on digital technology. Other priorities for Mitsui include the effective utilization of water resources, the management of forest resources, biodiversity, resource recycling, and the circular economy.

  • Global warming, climate change
  • Water resource shortages
  • Resource recycling, the 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 events 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 resource recycling and the circular economy
  • Expansion of business areas, such as energy conservation and renewable energy, resulting from energy diversification
  • Handling of products and services that contribute to the creation of a low-carbon society by conserving energy and reducing greenhouse gas emissions

 

Mitsui & Co.’s Approach

[Targets]

  • Increase in the percentage of renewable energy (including hydropower) in Mitsui’s equity-based electricity generation capacity to 30% by 2030
  • Increase in the ratio of sustainable certified palm oil including RSPO-certified procured to 100% by 2030
  • Reduction in energy consumption intensity by 1% or higher on average per year for Mitsui and its subsidiaries in Japan
  • Improvement of the recycling rate in Head Office and corporate buildings in Osaka and Nagoya to at least 85% by 2020
  • Reduction of the use of resources (paper) in Head Office and all offices in Japan

Please scroll horizontally to look at table below.

Theme Related SDGs Initiatives by Mitsui & Co. Related policies and guidelines Identifying material topics in GRI
Promoting the Environmental Management AFFORDABLE AND CLEAN ENERGYDECENT WORK AND ECONOMIC GROWTHRESPONSIBLE CONSUMPITION AND PRODUCTIONCLIMATE ACTIONLIFE BELOW WATERLIFE ON LAND We implement environmental management systems based on ISO14001 and various international guidelines to support an active response to environmental and social problems on a global group basis. As part of our commitment to consideration for the environment in our business activities, we also actively obtain environment-related certification.
  • Environmental Policy
Economic Performance
Indirect Economic Impacts
Environmental Compliance
Local Communities
Marketing and Labeling
Responding to Climate Change GOOD HEALTH AND WELL-BEINGAFFORDABLE AND CLEAN ENERGYINDUSTRY, INNOVATION AND INFRASTRUCTURESUSTAINABLE CITIES AND COMMUNITIESCLIMATE ACTIONLIFE ON LAND As a company engaged in diverse business activities, Mitsui continually reviews its portfolios to minimize climate change risks. We also flexibly take up new business challenges made possible by our wide-ranging business development activities, based on long-term perspectives covering at least ten years. To our renewable energy business and our efforts to promote modal shifts, we are also implementing initiatives that contribute to the improvement of energy consumption efficiency and the reduction of CO2 emissions.
  • Environmental Policy
Economic Performance
Indirect Economic Impacts
Energy*
Responding to Water Resource Problems CLEAN WATER AND SANITATIONLIFE ON LAND In response to rising global concerns about water resources, we are working through our water business to conserve water resources and promote sustainable use.   Indirect Economic Impacts
Water*
Resource Recycling Initiatives RESPONSIBLE CONSUMPITION AND PRODUCTION Efficient utilization of resources and energy is a key part of Mitsui’s environmental policy. Under our comprehensive energy and environmental strategy, we engage in resource recycling (ground resources). We are also working to provide industrial solutions to environmental problems through the effective utilization of waste products and by-products.
  • Environmental Policy
Indirect Economic Impacts
Effluents and Waste*
Initiatives against Environmental Pollution GOOD HEALTH AND WELL-BEINGCLEAN WATER AND SANITATIONRESPONSIBLE CONSUMPITION AND PRODUCTIONLIFE BELOW WATER Mitsui bases its environmental policy on compliance with environment-related laws and regulations.
In particular, we engage in initiatives that lead to the reduction of water and soil contamination and the reduction of the quantity of chemical substances released into the atmosphere, with the aim of reducing and preventing pollution.
  • Environmental Policy
Indirect Economic Impacts
Emissions*
Effluents and Waste*
Reducing Impact on Biodiversity and Promoting the Conservation and Recovery of Ecosystems DECENT WORK AND ECONOMIC GROWTHCLIMATE ACTIONLIFE ON LAND Mitsui has been promoting hydropower generation business and forest resource business that take into account biodiversity, as well as production and sale of rice produced through farming methods that encourage biodiversity. In addition, in company-owned Mitsui’s forests at 74 locations (approx. 44,000 hectares) throughout Japan, we have designated 10% of the forests as “biodiversity conservation forests” and maintain and manage these forests accordingly.
  • Environmental Policy
Biodiversity
Local Communities

Our stories

Our stories

We believe that the world can be changed,
and that is why we are working to commercialize revolutionary new technologies.