CSR management

Management

Principles of CSR

The Mitsubishi Electric Group regards its corporate social responsibility (CSR) initiatives as the foundation of its corporate management, and upholds its Corporate Mission and Seven Guiding Principles as the basic policies of its CSR. Particularly with respect to initiatives related to ethics and legal compliance, Group-wide efforts are made to enforce measures such as enhancing training and strengthening internal controls. Active measures are also taken to ensure and improve quality assurance, environmental preservation activities, philanthropic activities, and communication with stakeholders.

Stakeholders of the Mitsubishi Electric Group

To achieve sustainable growth, the Mitsubishi Electric Group must maintain communication with its various stakeholders. We have a corporate social responsibility to incorporate the expectations, requests, and opinions of each stakeholder into our corporate activities, and to increase our positive effect on society while reducing any negative effects.

To help maintain communication with stakeholders, we have taken the "Four Satisfactions" as a management policy, with the aim of providing satisfaction to all of our stakeholders, including society, customers, shareholders, and employees.

  • diagram: Stakeholders of the Mitsubishi Electric Group

    Stakeholders of the Mitsubishi Electric Group

  • diagram: Pursue the Satisfaction of the Four Stakeholder Categories

Promotional System for CSR

The policies and planning for the CSR activities of the Mitsubishi Electric Group are decided by a CSR Committee appointed by Mitsubishi Electric’s executive officers. The Committee is composed of the heads of Mitsubishi Electric’s management departments (21 members in charge of environmental, social and governance aspects from divisions such as Corporate Strategic Planning and Corporate Human Resources), and discusses the results of activities performed during the previous fiscal year, decisions on future activity plans, and responses to law amendments, from a perspective that spans the entire Mitsubishi Electric Group. The details of CSR Committee meetings are reported to the senior executives through the Executive Officers’ Meeting and the Audit Committee.

Knowing that CSR activities are directly linked to corporate management, each department responsible for ethics and legal compliance, quality assurance and improvement, environmental conservation and philanthropy activities, and communication with stakeholders implements their own initiatives, based on the CSR policy of the Mitsubishi Electric Group.

In addition to the CSR Committee that is generally held once a year, various activities are also promoted and implemented in communication with the CSR Expert Committee and CSR Business Promotion Committee, which are convened as a forum for sharing and executing the policies and plans established by the CSR Committee.

Main agenda of the CSR Committee (held in April 2020)

  • Report on achievements made in the previous fiscal year and activities planned in the current fiscal year
  • Responses to the sustainable development goals (SDGs)
  • Further enhanced information disclosure that takes into account ESG (environment, social, governance) investment
  • Human rights initiatives
  • Responses to TCFD
  • diagram: CSR Promotion System

    CSR Promotion System

  • photo: CSR Committee

    CSR Committee

CSR Expert Committee

photo: CSR Expert Committee

CSR Expert Committee

Officers from 21 departments with particular relevance to CSR regularly hold meetings to share information and deepen their understanding of the Mitsubishi Electric Group's CSR materiality and future initiatives, as well as discuss responses to laws and regulations and international CSR standards. They aim to build communication and consensus through these discussions.

Three such meetings were held in fiscal 2020. Discussions focused on verifying the performance and reviewing the targets of initiatives addressing CSR materiality. The committee also examined responses to global human rights initiatives by establishing working groups for relevant departments.

CSR Business Promotion Committee

photo: CSR Business Promotion Committee

CSR Business Promotion Committee

Managers from all business groups gather in regular meetings to share information about the Mitsubishi Electric Group's CSR and discuss social issues that need to be solved, with the theme of "contributing to society through business."

The committee held three meetings in fiscal 2020, with a focus on discussing how the Group could contribute to addressing the sustainable development goals (SDGs) through business.