Main

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

Major Targets/KPIs

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Theme	Targets/KPIs	Progress in FY March 2024	Related Pages
Climate change	Vision for 2050: Net-zero emissions^1 FY March 2030: Halving GHG Impact^1 compared with FY March 2020 (34 million tons-CO2e→17million tons-CO2e) FY March 2030: Halving Scope 1 and 2^*2 GHG emissions compared with FY March 2020 (0.8 million tons-CO2e→0.4million tons-CO2e) FY March 2030: The ratio of renewable energy in power generation portfolio to over 30%	GHG emissions^1: 34.0 million tons-CO2e GHG Impact^1: 29.3 million tons-CO2e Scope 1 and 2 GHG emissions^*2: 0.6 million tons-CO2e The ratio of renewable energy: 33% (as of June 30, 2024)	Climate Change: Metrics & Targets
Natural capital	Contribute to biodiversity conservation and the achievement of Nature Positive through business Create a business model for the circular economy	Conducted the LEAP^3 approach analysis recommended by TNFD^4 Tarted recycled PET resin in the PET bottles recycling^*5 etc.	Natural Capital

*1 Scope 1 and 2 for the Company and its consolidated subsidiaries (including unincorporated joint ventures), and Scope 3 Category 15 (Investments)
GHG Impact refers to the amount of our emissions minus emissions absorbed and offset and the GHG Reduction Contribution we achieved through our business activities.
*2 Scope 1 and 2 for the Company and its consolidated subsidiaries (excluding Un-incorporated Joint Ventures)
*3 An approach for identifying and assessing nature-related issues, consisting of the processes of Locate, Evaluate, Assess, and Prepare.
*4 Taskforce on Nature-related Financial Disclosures
*5 An initiative of equity accounted investee Circular Pet

Materiality Action Plans

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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 are promoting technology development through our investment in Binding Solutions Ltd. of the UK, which has iron ore cold agglomeration 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. We are promoting seawater desalination and water recycling in our copper mine business in Chile.
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 with subsidiaries and investment portfolio companies (Mitsui Bussan Metals, MM&Kenzai, Sims, MTC, etc.) in Japan and globally. We are promoting reuse and recycling business for EV waste battery cells and packs. We established a new joint venture J-Cycle Inc., and expect to commence operations of a battery recycling plant in Ibaraki Prefecture, Japan. We are accelerating the promotion of the secondary aluminum alloy business through our investment in ALCOM Holdings in China.
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. We invested in Climate Friendly, an Australian company engaged in the creation and sale of carbon credits through the restoration of agricultural vegetation. (May 2022) We entered into a Participation Agreement for a carbon sequestration project in the US. (May 2022) We signed an agreement with US based CF Industries to jointly develop a clean ammonia production project. (July 2022) We concluded the contract to supply ammonia for a co-firing demonstration project at Unit 4 of JERA's Hekinan Thermal Power Station. (June 2023) We made an equity investment in Terreva Renewables, a renewable natural gas production & sales company in the US. (August 2023) We agreed to invest in a renewable diesel and SAF production business operated by Galp SGPS, S.A., Portugal's biggest energy company. (September 2023) We concluded a Memorandum of Understanding with Chugoku Electric for the creation of a CCS value chain between Malaysia and Japan. (February 2024)
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. In September 2023, we made a final investment decision for the Hai Long offshore wind power project in Taiwan. In December 2023, we were selected as part of a consortium to deliver an offshore wind project off the coast of the cities of Murakami and Tainai, Niigata Prefecture.
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 have been constructed and we have gradually begun launching services 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. We are also involved in the delivery of FC buses to municipalities in European countries and the conversion of airport vehicles to ZEVs. Pinnacle Mobility (EKA) in India, in which we invested in 2023, contributes to the spread of EVs through the manufacture and sales of e-buses and electric light commercial vehicles, as part of the Indian government's efforts to address the serious air pollution problem.
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.	Contribute to a 20-30%^* GHG reduction in the maritime industry through fuel transition and improved fuel efficiency 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. *Target for 2030 determined by IMO (International Maritime Organization)	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. To accelerate the application of methanol as a maritime fuel, we participated in preparations for the first ship-to-ship bunkering operation^* of Green Methanol in the port of Singapore. This operation, conducted in July 2023, involved bunkering the dual fuel feeder container ship owned by Danish integrated logistics company A.P. Moller - Maersk, together with the like-minded project partners. * Fuel supply from ship to ship by laying alongside a bunker ship
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.	Develop a variety of low-carbon methanol and ammonia projects. Started production of recycled PET resin in the PET bottle recycling business (25,000MT/year). Produce bio-methanol at Fairway. Shift to high-performance ship bottom antifouling paint which helps improve fuel efficiency at Daiichi Tanker.
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.
Chemicals	Nutrition & Agriculture	Agri-solution business	We will work to preserve natural capital and achieve sustainable agricultural production through science	Reduce the environmental impact of agricultural production through the development and dissemination of industrial technologies.	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. Establish regenerative agriculture business	We are promoting "IPM" (Integrated Pest Management), which combines biological pesticides and chemical pesticides, to help establish highly productive and sustainable agricultural systems. We have invested in the regenerative agriculture business and are engaging in the formation, design, and management of regenerative agriculture projects globally.
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 use construction waste and surplus sludge generated from wastewater treatment 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 expanding trading functions and expand their customer base at Environment & Energy Sales Department of The Commodity Markets Division's and Mitsui Bussan Commodities Ltd./ Mitsui Bussan Gas and Power Solutions B.V.
Innovation & Corporate Development	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 have closed an investment in a renewable energy platform and are continuing to consider several sustainable infrastructure businesses for investment.