Mitsui & Co.’s Materiality
Protection of the Global Environment
Recognition of societal issues
As a corporation that operates across countries and regions around the world, we recognize that impact on the global environment has the potential to risk the sustainable growth of society and our company. In relation to climate change mainly caused by greenhouse gas emissions, corporate response plays a particularly crucial role in efforts to build a sustainable society. In recent years, this has been shown by the adoption of the Paris Agreement under the United Nations Framework Convention on Climate Change, as well as by the formulation of the Taskforce on Climate-related Financial Disclosures (TCFD) guidelines. At the same time, we recognize that responding to climate change also brings new business opportunities, including low-carbon energy, environmentally-friendly infrastructure and products, and innovative services that utilize digital technology.
- Global warming, climate change
- Loss of biodiversity
- Energy and water shortage
- Environmental pollution
Main risks and opportunities
Risks arising from policies and legal systems related to the transition to a low-carbon economy, and risks to supply and demand in existing business resulting from the creation of new technologies and new markets; risks to companies' operations from cyclones and hurricanes caused by the physical effects of climate change, and risks to production volumes for agriculture, forestry, and fishery products from abnormal weather (high temperatures/drought); and higher environmental costs resulting from ecosystem destruction, degradation, etc., as a consequence of business activities. We estimate that climate change risks will likely materialize within six years.
Expansion of environment–related markets due to increased environmental awareness and the tightening of regulations; demand for high-efficiency power plants; creation of new business models through the circular economy and sharing; expansion of business domains as a result of energy diversification, such as sustainable energy; and handling of products and services that contribute to a low-carbon society by controlling energy consumption and greenhouse gas emissions.
We rigorously comply with environment-related laws, regulations, and treaties. We strive to prevent environmental pollution and curb greenhouse gas emissions, to adapt to climate change, and to maintain biodiversity. We are alert to environmental impacts and work to mitigate those impacts. We use our integrated strengths and work in cooperation with our partners to achieve rational, long-term industrial solutions to environmental problems. We systematically provide grants, through the Mitsui & Co. Environment Fund, for university research and NPO/NGO activities that contribute to the solution of environmental problems, efficient resource utilization, protection of ecosystems, and harmonious coexistence between ecosystems and human beings.
For further information on our responding to climate Change through our business, please refer to the link below.
Please scroll horizontally to look at table below.
|Theme||Related policies and guidelines, and targets set||Identifying material topics||Boundary|
|Environmental Management||Environmental Policy||Economic Performance|
|Initiatives toward Environmental Value Creation||Economic Performance|
|Indirect Economic Impacts|
|Initiatives to Reduce Environmental Load, including Curbing Global Warming||[Targets set]
|Effluents and Waste|
|Mitigation of Impact on Biodiversity and Promotion of Ecosystem Preservation and Restoration||
|Addressing Environmental Issues through Contribution to Society||Social Contributions Policy|