Sustainability at Mitsui & Co. and the Management Framework

Sustainability Management Framework

Sustainability Management Framework

In the fiscal year ended March 2005, Mitsui & Co. established the CSR Promotion Committee (currently the Sustainability Committee) under the Corporate Management Committee to develop Mitsui's internal framework with respect to sustainability, and to work to raise sustainability awareness among employees.

Reflecting the growing interest in the UN Sustainable Development Goals (SDGs) and ESG in recent years, we established the Sustainability Committee on May 1, 2017, in order to further clarify our unchanging stance toward creating new value for society through business activities and to pursue further mutual sustainability between society and the company.

With the Sustainable Committee playing a central role, Mitsui promotes sustainability-related activities based on cross-organizational collaboration to meet the needs and expectations of society in relation to companies' social values and initiatives.

On April 1, 2019, we established the Corporate Sustainability Division, whose role is to promote and drive company-wide sustainability management and to accelerate various initiatives on a global group basis. The Corporate Sustainability Division will strive to raise sustainability awareness and share values at the Mitsui & Co. global group level, with the aim of contributing to the achievement of sustainable social and economic development in various countries and regions around the world, while also contributing to solving global environmental problems such as climate change issues.

We also appoint Sustainability Promotion Officers in each of the corporate staff divisions, Headquarters Business Units, Overseas Regional Business Units and Regional Blocs, and branches and offices in Japan, developing our internal network to facilitate planning and promotion of sustainability activities together with the frontline staff, including provision of support for implementing sustainability management and awareness-raising activities at each unit.

In the fiscal year ended March 2019, we held a Sustainability Promotion Officers meeting on a quarterly basis, where we explained new policies relating to our sustainability initiatives and other important information discussed and formulated by the Sustainability Committee, and shared reports on surveys and measures related to supply chain management.

Moreover, the Sustainability Promotion Officers in business units and corporate divisions and offices in Japan have taken the initiative in organizing various sustainability awareness-raising programs, such as in-house sustainability seminars and lectures by speakers from partner companies and external experts, as well as workshops regarding sustainability within the actual business.

We also held a lecture during Mitsui Sustainability Month, and lectures on Mitsui's sustainability management in the New Hire Induction Training. In this way, we are urging employees to consider sustainability issues from the perspective of their everyday business.

Sustainability Management Promotion Framework

Sustainability Committee

As an organization under the Corporate Management Committee, the Sustainability Committee aims to promote management with a greater awareness of the sustainability of both society and Mitsui, and provides advice to management on management policy and business activities from a sustainability standpoint.

The Sustainability Committee consists of the CSO (the Committee Chair), CHRO and CFO (the Vice Chairs), and the GMs of the corporate staff units, including the Corporate Sustainability Division, Corporate Planning & Strategy Division, Investor Relations Division, Corporate Communication Division, Human Resources & General Affairs Division, Legal Division, Investment Administrative Division and Finance Division. The committee has the following duties:

  1. Develop basic policies on the company's sustainability management and fundamental plans for activities to promote sustainability and CSR.
  2. Review and make proposals on the company's management policies, as well as policies and strategies of the business units and corporate divisions from the perspective of sustainability.
  3. Present proposals on company-wide environmental policies.
  4. Make proposals on sustainability-focused business activities (understanding risks and opportunities involved in business).
  5. Deliberate and establish the basic policy of the effective disclosure of information to stakeholders.
  6. Consider and present proposals relating to progress reviews and monitoring required for management.
  7. Configure and establish the internal structure for promoting sustainability management of the company.
  8. Identify the material issues to focus on each year for promoting sustainability and CSR activities of the company and ensure progress on these.
  9. Respond to issues related to sustainability and CSR, both internal and external to the company.
  10. Decide and report whether to support individual proposals which qualify under the matters of Specially Designated Business, and indicate the necessary cautions for projects that will be supported.
  11. Approve important matters (basic policies, business plans, etc.) relating to the Mitsui & Co. Environment Fund.
  12. Select proposals from applicants for the Environment Fund grants.
  13. Decide and report whether to support an exceptional acquisition of forests or the disposal of company owned forests, which is out of the scope of the guidelines on the acquisition of a new forest and disposal of company owned forests, based on Rules on the Management of Company Owned Forests.

Furthermore, the Environmental & Societal Advisory Committee has been established under the Sustainability Committee. The committee members are selected mainly among external experts who are familiar with a broad range of fields — including climate change, environmental policy with respect to water and energy, etc., technology trends, human rights and other matters — as well as attorneys and other knowledgeable individuals.

Sustainability Committee Meetings in FY 2019

Meeting 1 (May 16, 2018)
  • Deliberations on our response to climate change issues
  • Report on the concepts underpinning Integrated Report
Meeting 2 (October 9, 2018)
  • Deliberations on the revision of Mitsui's Materiality
  • Report on trends in climate change issues, and a report on the assessment results for DJSI 2018 selection
Meeting 3 (December 21, 2018)
  • Continued deliberations on the revision of Mitsui's Materiality
  • Report on participation in COP24 in connection with response to climate change issues, and approval for support for the TCFD recommendations
Meeting 4 (March 7, 2019)
  • Continued deliberations on the revision of Mitsui's Materiality
  • Report on the results of our response to climate change issues, report on sustainability promotion activities and environmental and social contribution activities for the fiscal year ended March 2019, as well as action plans for the fiscal year ending March 2020