The Mitsubishi Electric Group has spoken with insightful experts, who are active in various industries, in order to hear what they think about our sustainability efforts amid the current trends. More specifically, we asked them to read the Mitsubishi Electric Group Sustainability Report 2020 and requested their opinions mainly regarding our materiality and what they expect from us given the domestic and international trends related to the sustainable development goals (SDGs) as well as environmental, social, and governance (ESG) investment. These experts also responded to our survey in order to identify our group's materiality. This section reports some of the opinions that we received.
Expectations for the Mitsubishi Electric Group
Dr. Wong Lai Yong
First Penguin Founder
Areas of expertise:
Sustainability, stakeholder engagement, and empowerment of youth and women in Asia (based in Malaysia)
- I think it is important to consider material issues through backcasting as your company has celebrated its 100th anniversary and is now preparing for the next 100 years, which are hard to predict.
- I expect that you will contribute to the achievement of SDG 9, "Industry, innovation and infrastructure," as well as SDG 13, "Climate action." We have not yet found solutions to realize a decarbonized society, ; I expect that your company, armed with a high level of engineering capabilities, will achieve technological innovation and provide the solutions.
- I expect that your company will contribute to the achievement of SDG 12, "Responsible consumption and production." From circular economy perspective, I hope your initiatives would consider the product life cycle - from design to disposal, and to use less raw materials.
Principal Sustainability Strategist, Deputy General Manager of the Corporate Planning Dept., Mitsubishi UFJ Research and Consulting Co., Ltd.
Areas of expertise:
Environmental finance, climate change, carbon credits, ESG investment and finance, SDGs, and sustainable finance
- Investors strongly require companies to build growth strategies considering risk management and sustainability.
- Human rights issue is recognized as one of the crucial risk factors for companies from a global perspective. Since Japanese society is aging progressively, I especially pay close attention to this factor from the point of view of human resource strategies to acquire high-quality human resources.
- The environment issue has been a highly important matter. In recent years, the importance of cyber security and supply chain management has also been increasing.
- In terms of governance, it is expected to consider ESG aspects in the business evaluation of officers.
- Disclosure of the results alone may be deemed unintentional to implement future measures. Stakeholder capitalism, which places importance on contributions to stakeholders through corporate activities, is expanding. In order for stakeholders to understand its long-term corporate value improvement strategy, it is important for the company to not only disclose results but also to explain how to operate the business in the future and to communicate with stakeholders well. It is expected that outstanding technologies and corporate policy and measures of your company will be swiftly delivered in the manner of such disclosure and communication practices.
Areas of expertise:
Sustainability, Business & Human rights and supply chain management
- Vulnerable workers, such as part-time employees at domestic and international factories, seem to be the greatest victims of the impact of COVID-19. I expect you are considerate of vulnerable workers throughout your supply chains and will not need to cancel already signed orders placed with group companies, suppliers, and so on.
- For a company to ensure compliance with sustainability-conscious procurement standards, it must clearly show that it will trade with suppliers that meet such standards. It is desirable that your agreements with new suppliers include a requirement to meet the procurement standards. As for your current suppliers, in order to generate value throughout the supply chain, it is desirable that they deepen their understandings of the standards. If they fail to meet such standards for some reason, you and the suppliers should work together to improve the situation.
- The principle of human rights means to fully respect all individuals. To get employees to think that they want to work for your company, respecting human rights within the company requires the company to value employees and the president and all managers should communicate to employees that the company values them. This will promote employee motivation and loyalty as well as enable the company to recruit talented individuals.
- President's message
- Sustainability at Mitsubishi Electric
- Mitsubishi Electric's business segments
- Initiatives that contribute to addressing social issues
- Sustainability management
- Initiatives to create value
- Initiatives to address the SDGs
- Communication with stakeholders
- Initiatives related to the value chain
- Philanthropic activities
- About the report
- Guideline comparison tables
- ESG survey index
- Sustainability sitemap