Aiming to Become a Global, Leading Green Company by Contributing to the Environment Through Products and Services, and Reducing Environmental Load from Production.
As Mitsubishi Electric works towards becoming a "global, leading green company," it is contributing to the creation of a more affluent society that simultaneously achieves sustainability, safety, security and comfort.
As a manufacturer, among a number of environmental initiatives, Mitsubishi Electric places the greatest importance on creating a recycling-based society. This is because manufacturers are involved in the entire lifecycle of every product, from procuring resources and materials to manufacturing and sales, as well as the collection and recycling of products at the end of their service life.
The Mitsubishi Electric Group is committed to taking responsibility for its products throughout their lifecycles, doing so by promoting original approaches for saving resources such as reducing product size and weight beginning from the initial design stage. In the product collection and disposal stages, our initiatives are wide-ranging, including the modernization (renewal) of elevator systems utilizing existing parts and equipment, and resource recycling businesses such as recycling used home appliances. We are also striving to contribute towards a low-carbon society through the dissemination of highly efficient, energy-saving products.
The Mitsubishi Electric Group contributes to initiatives that focus mainly on promoting the creation of a recycling-based society and is committed to resolving environmental problems. Our efforts contribute to society through the provision of eco-conscious products and services to customers and the implementation of activities that minimize the environmental impact caused by production.
Through these environmental initiatives, I believe that the Mitsubishi Electric Group will be recognized by all stakeholders as a company needed by society. Accordingly, I hope that each and every employee of the Mitsubishi Electric Group is proud of his/her work and speak well of the company to their families, doing so with purpose and a sense of pride.
The Mitsubishi Electric Group set forth Environmental Vision 2021 targeting completion in the year 2021, when the company will celebrate its 100th anniversary. To date, as the company progresses towards achieving that vision, we have implemented various measures based on environmental plans that have been drawn up every three years. In the 8th Environmental Plan (fiscal 2016-2018), our activities were driven under four pillars: creating a low-carbon society, creating a recycling-based society, creating a society in tune with nature, and strengthening our environmental foundations.
The fruition of such efforts includes improvements in production efficiency utilizing IoT*1 and the global expansion of highly efficient, energy-saving products. As a result, we have reduced CO2 emissions from production and product use, thereby contributing to lower levels of greenhouse gases. Additionally, we have achieved zero emission of wastes both in Japan and in all overseas regions, thereby contributing to more effective use of resources. Furthermore, improving employee environmental awareness has led to an increase in the number of participants in the Mitsubishi Electric Outdoor Classroom and "Satoyama" Woodland Preservation Projects, which have substantially outperformed our targets. Biodiversity preservation activities have expanded to all Mitsubishi Electric business sites in Japan as well, thus contributing to the creation of a society in tune with nature. By focusing on improving the quality of environmental initiatives at each manufacturing base, higher levels of environmental management capability have been achieved and our environmental management foundations strengthened.
Our environmental initiatives have not gone unrecognized. Mitsubishi Electric was given the highest rank, the A list, by CDP*2 in fiscal 2018 for the second consecutive year in three categories: climate, water and supply chain. It gives me great pleasure, and I am honored, that our consistent efforts in carrying out these activities have been recognized by society.
The period covered by the 9th Environmental Plan (fiscal 2019-2021), which was launched in fiscal 2019, is regarded as the final three years for achieving our vision. For this period, we have taken into consideration how we will manage future water shortages and more stringent overseas regulations, in addition to the aforementioned four pillars of the 8th Environmental Plan. Consequently, effective water usage and improving the level of environmental initiatives at overseas business sites have been added to the key issues for our activities.
Our goal is to become a global, leading green company, and in line with this, we have set targets for consolidated sales of ¥5 trillion and operating margins of 8% or higher to be achieved by fiscal 2021. In order to achieve these growth targets, it is imperative that we meet stakeholders’ expectations through various initiatives, including those which contribute to the environment through business operations.
The Mitsubishi Electric Group has been working on the formulation of a next long-term environmental vision that contributes to achieving SDGs*3 looking ahead as far as 2030, or even 2050. We will set forth targets for the next long-term vision, together with a concrete and feasible roadmap to achieve those targets, after studying possible changes in the future social environment and various risks likely to emerge. Among those far-sighted initiatives, we are hoping to set targets for CO2 emission reductions and obtain approvals for SBT*4 initiatives by fiscal 2020.
In relation to Society 5.0*5 –being promoted by the Japanese government—our aim is to contribute to the achievement of a sustainable society that flourishes environmentally and economically. To this end, we have listed, as one of the problems to be solved, overcoming environmental restrictions on energy through the use of resources and energy that generate zero waste. Mitsubishi Electric will strive to contribute to realizing Society 5.0 and achieving SDGs by developing and providing energy-saving products and systems that help reduce CO2 emissions, including devices such as power semiconductors, products like air-conditioners and system solutions such as ZEB.*6
In the past, through my involvement in the Company’s automotive equipment, home appliances and other business operations, I put my energy into developing and providing products and services that simultaneously achieve comfort for customers and reduce environmental load. Going forward, I will use all my knowledge and skills to lead the Mitsubishi Electric Group toward the creation of a prosperous society; doing so by clarifying how to contribute to society and indicating the direction in which we shall proceed.
President & CEO
Mitsubishi Electric Corporation