Mitsubishi Heavy Industries, Ltd.

Sustainability Management

Establishment of our sustainability system

In 2021, we established our Sustainability Council with the aim of enabling management to oversee all internal sustainability initiatives. This was intended to enhance the effectiveness of our initiatives through intensive discussion and consideration. We identify material issues; approve policies and responses to issues; formulate, promote, and follow up on company-wide initiatives related to sustainability; and report the results to our Board of Directors. We have also established subcommittees for each field of activity to address the various material issues.

In May 2022, the Sustainability Council began to contemplate formulating "Our Vision for 2035" after considering the market outlook for 2035 and other factors, with a view to formulating medium-term and long-term strategies that envision the future of our Group in society.

In addition, our Carbon Neutrality Committee formulated initiatives in fiscal 2022 and identified actual CO2 emissions in fiscal 2021. At the Sustainability Council held in November 2022, we reconsidered the discussion of which SDGs we should focus on. According to the results of this discussion, we redefined our raison d'être and decided to stipulate our purpose.

Moreover, a team comprising mainly young managers, recognized as those who will take the helm of the company's management in the future, submitted recommendations to the management team on how to formulate the company's medium-term and long-term strategies to coincide with the social trends envisioned in 2035 and the outlook for the material handling equipment market.

Establishment of our sustainability system