Responding to Climate Change and Energy Issues

In recent years, extreme weather, such as heat waves, droughts and floods due to heavy rain, has caused disasters one after another around the world. The largest cause of these extreme-weather events is climate change, and global warming caused by increases in CO2 and other greenhouse gases is a major factor.

Recognizing that “Responding to Climate Change and Energy Issues” was particularly high in terms of stakeholder concern and degree of impact on MITSUBISHI MOTORS, we identified this as a material issue. In October 2020, we formulated the Environmental Plan Package. Recognizing the impact of climate change risks and opportunities, we clarified targets to be achieved. Furthermore, in July 2021 we expressed our report for the Task Force on Climate-related Financial Disclosures (TCFD) recommendations. Accordingly, we are analyzing the impact of climate change on our businesses and finances (scenario analysis). We will reflect the results of scenario analysis in our management strategies to enhance the resilience of our strategies and improve information disclosure in accordance with the TCFD Recommendations.

To reduce energy consumption and CO2 emissions in all business activities, including development, production and distribution, as well as offices, we are promoting various initiatives, such as electrification technologies, the development of fuel-economy-improving technologies, the introduction of low-energy equipment in production processes and the use of renewable energy in offices and dealers. In particular, we which count electrification technologies as one of its strengths should be able to work simultaneously to realize a sustainable society and achieve sustainable growth for us. Our electrified vehicles have large-capacity batteries that can be used in energy management and as emergency power sources in times of disaster. Through these measures, we are also engaging in measures to adapt to climate change. Going forward, we will strengthen our efforts to further reduce CO2 emissions with the aim of becoming carbon neutral throughout the supply chain by 2050.