Our Approach to and Framework for Promoting Sustainability

Approach to Sustainability

The automotive industry has experienced a series of technological innovations in recent years. In addition to moves toward electrification to counter global warming, we have seen the diversification of powertrains and the incorporation into vehicles of intelligence and the Internet of Things (IoT).
As the external environment surrounding MITSUBISHI MOTORS Group becomes increasingly complex, we believe that working to realize a sustainable society and strengthen our competitiveness, based on our vision to “Create vibrant society by realizing the potential of mobility.” We believe this approach is indispensable for the Group’s sustainable growth.
When creating our mid-term business plan, “Challenge 2025,” we came up with several scenarios for how the world will look in 15 years from now and then performed backcasting to formulate a plan for what we have to work on in the next three years.
The Group recognizes that various challenges in the environmental, social, and governance fields pose risks to its sustainable growth. At the same time, we see working to solve social issues as an opportunity for new business, and we will strive to reduce risk and contribute to solving social issues through responsible business operations.

Framework for Promoting Sustainability

We have established the Sustainability Committee, which is chaired by the Representative Executive Officer, President & CEO, to promote sustainability initiatives throughout the Group. The committee convenes three times a year. MITSUBISHI MOTORS Group has identified material issues as important issues that we should wrestle from various problems in the environmental, social, and governance fields. The Sustainability Committee confirms the risks and opportunities identified from a long-term perspective by those responsible for each materiality initiative. In addition to assessing and managing these risks and opportunities, the committee deliberates and decides on initiative targets and KPIs based on the external environment and stakeholder needs and expectations from a medium-term perspective, and uses the PDCA cycle by checking progress.
We have a structure in which important matters such as reviewing material issues and the overall status of sustainability activities are deliberated and reported by the Board of Directors.

Proceedings

On the environmental front, the Sustainability Committee discusses our efforts to achieve carbon neutrality, which is a global issue, and to enhance disclosure in line with the Task Force on Climate-related Financial Disclosures (TCFD) Recommendations. On the social front, we discuss initiatives involving human rights, which are an area companies are increasingly being called upon to address.
We provide timely disclosure of the Sustainability Committee’s proceedings on our website. Please refer to the following.

FY2024 Achievements of the Sustainability Committee

Meetings convened 3 times
Principal matters for deliberation and reporting
  • Review of FY2023 initiatives on the material issues and activity plans for FY2024
  • Initiatives to achieve carbon neutrality
  • Response based on the TCFD recommendations
  • Human rights initiatives
  • FY2024 disclosure policy

Sustainability Committee members

Instilling Sustainability Awareness within the Company

MITSUBISHI MOTORS conducts penetration activities throughout the year so that executives and employees can deepen their understanding of sustainability and practice sustainability initiatives through their daily work. At the end of each fiscal year, we conduct an employee awareness survey to confirm the degree of penetration. We use the survey results to strengthen and improve each measure and reflect them in activities in the following fiscal year.

Examples of Activities in FY2024

  • Online training related to sustainability in general 8,957 participants
  • Training on overall sustainability tailored to each job rank Conducted 20 times (Entry-level employees, mid-career employees, manufacturing staff candidates, newly appointed M2 employees <Managers>, newly appointed M1 employees <General Managers>, executives)
  • Distribution of messages from management related to sustainability Distributed three times
  • Distribution of a newsletter related to sustainability Distributed six times

External Associations and Initiatives MITSUBISHI MOTORS
Participates in, Supports, or Refers to

Participation in External Associations and Initiatives
  • GX League
  • Japan Automobile Manufacturers Association, Inc.
  • Japan Business Federation (Keidanren)
  • Task Force on Climate-related Financial Disclosures (TCFD Recommendations)
  • Japan Climate Initiative (JCI)
  • Society of Automotive Engineers of Japan, Inc.
Supported or Referenced External Initiatives
  • Core Labor Standards of the International Labour Organization (ILO)
  • ISO 26000 Guidance to Social Responsibility
  • Organization for Economic Co-operation and Development (OECD) Guidelines for Multinational Enterprises
  • Keidanren Charter of Corporate Behavior
  • United Nations’ Sustainable Development Goals (SDGs)