Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Reduced CO2 emissions by 10% compared with fiscal 1990 levels through energy conservation efforts. Reduced CO2 emissions in terms of CO2 energy consumption to net sales by 15% compared with fiscal 1990 levels.
• Reduced total emissions tonnage for the year to 85,600t, a 7% reduction.
• Increased the resource reuse rate by 3 points from 78 to 81%.
• Phased out all organic chlorine solvents such as trichloroethylene.
• Reduced the amount of waste handled by our disposal service by 60% compared to fiscal 1995 levels.

Social Achievements

• Numerous awards received recognizing environmental activities.
• Supported energy conservation technology in developing nations by training researchers from Argentina and Bulgaria.
• Participated in trade shows to raise environmental awareness and promote eco-products.

Governance Achievements

• Established environmental management systems at all business sites and operated them according to accepted standards.
• Continuously improved environmental controls through environmental audits.
• Adopted environmental accounting standards.

Climate Goals & Targets

Environmental Challenges

• Meeting the fiscal 2010 target of a 25% reduction in greenhouse gas emissions.
• Reducing emissions of greenhouse gases other than CO2.
• Reducing the total amount of waste generated to less than 100,000t/yr.
• Increasing the rate of recycled resource use by more than 75%.

Mitigation Strategies

• Intensified efforts to realize the 25% reduction target by 2010.
• Engaged in activities regarding greenhouse gases other than CO2, including limiting their use, utilizing them in closed production systems, promoting methods to reclaim/reuse and decompose them, and developing substitute substances/technologies.
• Improved manufacturing processes and efforts to reuse waste oils and plastics.
• Set voluntary individual targets for various product fields, and worked to improve energy efficiency and reduce active and standby power consumption of products.

Supply Chain Management

Responsible Procurement

• Green procurement

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: ISO 14001

Sustainable Products & Innovation

• High Efficiency Oil-immersed Transformer
• Super-high Efficiency Oil-immersed Transformer
• Super Line Eco Series motors
• S-DASH Series IPMs
• Fuel-cell power generation systems
• Photo-voltaic power generation systems
• Wind power generation systems

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• Reduced total waste generation volume per net sales by 6% from fiscal 2002
• Reduced total emissions by more than 18% vs. fiscal 2002
• Reduced CO2 exhaust by 20% vs. fiscal 2002
• Achieved "zero emission" level (final disposal rate under 1% of total waste emissions)

Social Achievements

• Improved workplace environment for disabled employees
• Introduced a rehiring system for employees past mandatory retirement age
• Established a "Positive Action Committee" to utilize the skills of female employees

Governance Achievements

• Established Corporate Conduct Standards Committee in 1991
• Launched Ethics Compliance Hot Line in 2002
• Revised management personnel compensation based on roles and achievements

Climate Goals & Targets

Environmental Challenges

• Reducing the environmental impact of products throughout their lifecycle
• Managing the disposal of waste electrical home appliances
• Reducing chemical substance emissions
• Reducing energy consumption

Mitigation Strategies

• Developed easy-to-clean and recyclable products
• Established the Higashihama Recycle Center
• Implemented Green Procurement Standards
• Developed energy-efficient products and processes
• Implemented "energy loss visualization" activities

Supply Chain Management

Responsible Procurement

• Green Procurement Standards Guide

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Environmental Report Guideline (Ministry of the Environment), Business Owner Environmental Performance Indicator Guideline (Ministry of the Environment), Environmental Reporting Guideline Emphasizing Stakeholder Importance (Ministry of Economy, Trade and Industry), Sustainability Reporting Guideline (Global Reporting Initiative)

Certifications: ISO 14001

Sustainable Products & Innovation

• Eco-Products
• Hyper Eco-Products
• Poki Poki Motor

Awards & Recognition

• Helen Keller Achievement Award

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Reduced carbon dioxide emissions by 20% from FY1991 levels.
• Achieved an eco-products sales ratio of 74%.
• Successfully implemented the RoHS Directive compliance for all products destined for the EU.
• Developed a closed-loop recycling technology for air conditioner fans.
• Reduced annual electric power consumption at META plant by approximately 1,300 kWh.

Social Achievements

• Developed Japan’s first technology for automatically restoring elevator operations after earthquakes.
• Developed the world’s first finger-permeating recognition device.
• Launched Uni & Eco brand for home appliances, focusing on universal design and ecology.
• Reduced leftover food by about 20% at Kamakura Works cafeteria.
• Won a company award for labor-management relations (MCP).

Governance Achievements

• Formally became a company with statutory committees in June 2003.
• Established an ethics and legal compliance hotline.
• Revised internal rules to comply with current law regarding personal information protection.

Climate Goals & Targets

Environmental Challenges

• Accidental disclosure of customer information.
• Reducing waste generation at domestic affiliates.
• Achieving the final 5% reduction in carbon dioxide emissions (to meet the 25% reduction target by fiscal 2011).

Mitigation Strategies

• Enhanced education, strengthened internal controls, and initiatives to strengthen compliance.
• Further strengthen reuse and recycling initiatives.
• Ongoing investment in energy-saving measures and making energy loss readily apparent.

Supply Chain Management

Responsible Procurement

• Green Procurement Standards Guide
• Preference for ISO 14001 certified and legally compliant suppliers
• Joint development of parts and materials with key suppliers
• Value analysis to reduce costs

Climate-Related Risks & Opportunities

Opportunities

• Development of energy-efficient products
• Expansion of environmentally beneficial businesses

Reporting Standards

Frameworks Used: GRI, Ministry of the Environment guidelines, Ministry of Economy, Trade and Industry guidelines

Certifications: ISO 14001:2004

Sustainable Products & Innovation

• Eco-Products and Hyper Eco-Products
• Energy-efficient air conditioners
• Energy-efficient transformers
• Water recycling system
• Micro-bubble cleaning technology

Awards & Recognition

• Japan Environmental Efficiency Forum Chairman’s Prize
• EcoDesign 2005 Best Paper Award
• Honorable Mention Award from the 2nd Life Cycle Assessment Society of Japan
• Economy, Trade and Industry Minister’s Prize (Electronics Category) at the Awards for Outstanding Energy Conservation at Factories
• Chairman’s Prize from the Japan Food Recycling Processor Committee

Environmental Metrics

ESG Focus Areas

• Creating a low-carbon society
• Creating a recycling-based society
• Respecting biodiversity

Environmental Achievements

• Improved CO2 emissions per unit of sales to 90% compared to fiscal 2011 (target was 86%, achieved a 6% improvement from 96% in 2013)
• Achieved average 33% CO2 reduction rate for 110 products (target was 27%)
• Contributed to a reduction of 28.20 million tons of CO2 for 99 finished products and 66.49 million tons of CO2 for 31 intermediate products
• Final waste disposal ratio improved to 0.001% for Mitsubishi Electric (target was less than 0.1%)
• Final waste disposal ratio of 0.09% for affiliates in Japan (target was less than 0.1%)
• Final waste disposal ratio of 1.04% for overseas affiliates (target was less than 1.0%)
• Average reduction rate for 64 products in resource input was 35% (target was 39%)

Social Achievements

• Held 36 Mitsubishi Electric Outdoor Classrooms in 32 regions and trained 40 Outdoor Classroom leaders
• Expanded environmental communications worldwide; continued corporate advertising series (Global Eco Changes)

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Sales figures did not reach anticipated figures, making it difficult to achieve per-unit-of-sales goal for CO2 reduction.
• Differences in laws, regulations and waste treatment conditions among countries and regions for overseas affiliates.
• Increased waste containing asbestos from discontinued facilities and an increase in production for affiliates in Japan.

Mitigation Strategies

• Continued reduction efforts aiming for more progress than in the previous fiscal year.
• Confirming processing conditions for each region and developing necessary measures for each overseas affiliate through auditing activities.
• Promoting Mitsubishi Electric's waste management activities, sharing expertise and information, raising the level of waste separation and promoting conversion to materials of commercial value.

Supply Chain Management

Supplier Audits: 100% green accreditation rate maintained using Green Accreditation system

Responsible Procurement

• Green Procurement Standards Guide

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI Guidelines Ver. 4 (G4), Greenhouse Gas (GHG) Protocol, Basic Guidelines on Accounting for Greenhouse Gas Emissions Throughout the Supply Chain (Japan's Ministry of the Environment)

Certifications: ISO 14001

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Kirigamine Z Series room air conditioner
• Slim ZR Series package air conditioners
• Grand Multi building air conditioning system
• MILIE LED lighting
• Multi Roof Series PV module
• SiC power devices
• Optical transmission module
• 72/84kV vacuum circuit breaker
• Gas circuit breakers
• High-efficiency transformers
• Smart meter systems
• Storage battery systems
• Next-generation monitoring control system

Awards & Recognition

• 10th Eco-Products Awards Grand Prize for Energy-Saving Product
• 2013 (7th) Kids Design Awards
• 2013 (34th) Excellence in Energy-Conserving Equipment Award
• 2013 Energy Conservation Grand Prize
• 45th Ichimura Industrial Awards Achievement Award
• 2013 (62nd) Electrical Industry Technology Achievement Awards
• 2013 Electrical Worker Achievement Award
• 2013 Kinki Local Commendation for Invention
• 2013 IEEJ Prize for Outstanding Technical Paper
• 61st PFESE Awards PFESE Award
• 2013 Resource Recycling Technology/System Award
• iF Product Design Award 2014

Environmental Metrics

ESG Focus Areas

• Low-carbon society
• Recycling-based society
• Respecting biodiversity

Environmental Achievements

• Improved CO2 emissions per unit of sales to 87% compared to fiscal 2011 (target was 83%)
• Reduced non-CO2 greenhouse gases (SF6, PFC, HFC) by 79% compared to fiscal 2006 (target was 70%)
• Average reduction rate of 33% for CO2 from product usage for 107 products (target was 27%)
• Final waste disposal ratio of 0.001% for Mitsubishi Electric (target was <0.1%), 0.07% for affiliates in Japan (<0.1%), and 0.87% for overseas affiliates (<1.0%)
• Average reduction rate of 39% for resource use for 64 products (target was 39%)

Social Achievements

• Held Mitsubishi Electric Outdoor Classroom 35 times in 32 areas, fostering 50 outdoor classroom leaders
• Successfully conducted the Satoyama Woodland Preservation Project in 16 areas
• Continued to disclose environmental information on websites and in brochures; expanded environmental communication worldwide

Governance Achievements

• Established an environmental management system and periodically tested the response system to ensure it is operational
• Carried out training for new people in charge of environmental promotion business in Japan and people in charge of environmental promotion in Thailand and China. Total of 81 people attended classes.
• Green Accreditation system maintained a 100% rate for suppliers

Climate Goals & Targets

Environmental Challenges

• Increased output of production facilities for overseas smartphone makers, power generators, and automotive equipment led to a rise in CO2 emissions at Mitsubishi Electric and overseas affiliates.
• Increased shipments at overseas affiliates led to an increase in CO2 emissions from logistics.

Mitigation Strategies

• Visualizing the energy wasted during production and promoting the use and operation of highly efficient facilities equipment
• Reduction activities through demand management by introducing monitoring systems
• Continuously expanding the introduction of photovoltaic generation systems
• Implementing modal shift from truck transport to rail transport
• Reducing the number of trucks by improving load ratios

Supply Chain Management

Supplier Audits: Green Accreditation system maintained a 100% rate

Responsible Procurement

• Green Procurement Standards Guide
• Green Accreditation system

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Guidelines Ver. 4 (G4), Greenhouse Gas (GHG) Protocol, Basic Guidelines on Accounting for Greenhouse Gas Emissions Throughout the Supply Chain (Japan's Ministry of the Environment)

Sustainable Products & Innovation

• Highly energy-efficient products (air conditioners, motors, etc.)
• Products using SiC power semiconductors
• Recycling technologies
• Photovoltaic systems
• Water treatment technologies

Awards & Recognition

• Numerous awards listed in the report for energy-saving products and technologies

Environmental Metrics

ESG Focus Areas

• Realize a sustainable society
• Provide safety, security, and comfort
• Respect human rights and promote the active participation of diverse human resources
• Strengthen corporate governance and compliance on a continuous basis

Environmental Achievements

• Closed-loop recycling of plastic from used home appliances, with 80% of processed mixed plastic reused as high-purity plastic (30% in new home appliances)
• Development of AI technology for improved energy efficiency and grid stabilization

Social Achievements

• Work Style Reforms resulting in reduced overtime and improved work-life balance
• Implementation of human rights training programs for employees
• Support for disability inclusion through mentoring programs and provision of sports facilities

Governance Achievements

• Establishment of venues for information sharing and view exchange with Outside Directors to enhance Board oversight
• Strengthened internal audits and compliance training to prevent recurrence of past incidents

Climate Goals & Targets

Environmental Challenges

• Ocean plastic waste pollution
• Shortage of labor to support people with mobility issues in urban areas
• Human rights violations in the supply chain
• Need for improved work efficiency and quality despite reduced working hours

Mitigation Strategies

• Development of advanced plastic sorting technology for high-purity recycling
• Development of AI-powered solutions for efficient urban mobility
• Implementation of human rights due diligence and CSR procurement guidelines
• Continued promotion of Work Style Reforms focusing on productivity improvement, achievement, work-life fulfillment, and communication

Supply Chain Management

Responsible Procurement

• CSR Procurement Guidelines

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI

UN Sustainable Development Goals

• Goal 7: Affordable and clean energy
• Goal 11: Sustainable cities and communities
• Goal 13: Climate action

Contribution through products, services, and technologies.

Sustainable Products & Innovation

• AI-powered solutions for energy efficiency and urban mobility
• Recycled plastic in home appliances

Environmental Metrics

ESG Focus Areas

• Climate Change
• Resource Circulation
• Biodiversity
• Respect for All People
• Strengthen Corporate Governance and Compliance

Environmental Achievements

• Reduced CO2 emissions from production by 45% from the base year (fiscal 1991)
• Reduced CO2 emissions from product usage by 37% compared to fiscal 2001
• Reduced resource inputs by 43% compared to fiscal 2001
• Achieved net-zero energy consumption in the SUSTIE building

Social Achievements

• Launched Workplace Reform Program to improve workplace environment
• Implemented human rights impact assessments
• Increased employee engagement score
• Improved work-life balance score

Governance Achievements

• Established Corporate Quality Assurance Reengineering Group
• Appointed a Chief Quality Officer from outside the company
• Reformed the Board of Directors
• Established the Governance Review Committee

Climate Goals & Targets

Environmental Challenges

• Series of improper quality control practices
• COVID-19 pandemic impact on operations and supply chain
• Declining labor force population
• Increasing severity of natural disasters

Mitigation Strategies

• Implemented three reform areas: quality assurance, organizational culture, and governance
• Promoted remote work and online meetings
• Strengthened supply chains and developed alternative sourcing strategies
• Developed disaster prevention and mitigation systems

Supply Chain Management

Supplier Audits: 91% Green Accreditation rate among Japanese and overseas suppliers as of fiscal 2021

Responsible Procurement

• Green Accreditation System
• CSR Procurement Guidelines

Climate-Related Risks & Opportunities

Physical Risks

• Increased severity of extreme weather
• Changes in precipitation patterns

Transition Risks

• Increase in carbon pricing
• Strengthened obligation of emission reports
• Changes in customer behavior

Opportunities

• Increased demand for renewable energy solutions
• Development of energy-efficient products
• Opportunities for sustainable growth through solving social issues arising from climate change

Reporting Standards

Frameworks Used: GRI Standards, TCFD recommendations

Certifications: ISO 14001:2015

Third-party Assurance: SGS Japan Inc.

UN Sustainable Development Goals

• Goal 3
• Goal 7
• Goal 9
• Goal 11
• Goal 13

The report details how initiatives contribute to these goals through various business activities.

Sustainable Products & Innovation

• Energy-saving air conditioning systems
• Power devices
• Hot-water supply systems
• Transformers using vegetable oil

Awards & Recognition

• CDP's Climate Change and Water Security A List company (5 consecutive years)
• CDP Supplier Engagement Leaderboard
• IAUD International Design Awards

Environmental Metrics

ESG Focus Areas

• Carbon Neutrality
• Circular Economy
• Safety and Security
• Inclusion
• Well-being

Environmental Achievements

• Achieved a 27% reduction in CO2 emissions from factories and offices compared to FY2014.
• Achieved a 92.5% effective utilization rate of waste plastic in Japan.
• Reduced water usage per unit of sales by 16% at high-risk overseas sites compared to FY2020.
• Launched new air-to-water heat pump hot water systems using R290 refrigerant, significantly reducing environmental impact.

Social Achievements

• Launched "Railway LMS on INFOPRISM," a maintenance solution for railway rolling stock, improving rolling stock availability and enabling mutual data utilization among railway operators.
• Developed three health technologies to monitor the elderly while ensuring privacy.
• Developed a robot mobility support service utilizing Ville-feuille® building IoT platform, facilitating robot movement within buildings.
• Implemented Japan's first Level 4 autonomous driving system in Eiheiji-cho, Fukui Prefecture.
• Improved employee engagement score to 54% (target 70%).
• Increased the ratio of women in managerial positions by 1.38 times compared to FY2021 (target 2.00 times).

Governance Achievements

• Strengthened the Board of Directors' functions and implemented the Three Key Reforms (quality assurance, organizational culture, and governance).
• Conducted compliance training for all employees.
• Achieved 100% attendance rate in e-learning programs about the Code of Conduct.

Climate Goals & Targets

Environmental Challenges

• Reducing Scope 3 emissions across a wide range of products.
• Supply chain disruptions due to climate events.
• Addressing labor shortages, especially in growing industries.
• Maintaining high levels of quality assurance and preventing recurrence of improper practices.
• Improving employee engagement and understanding of sustainability initiatives.

Mitigation Strategies

• Developed alternative sourcing strategies.
• Implemented new engineering processes and a compliance system focused on preventive measures.
• Improved manufacturing efficiency through automation technology.
• Strengthened the management monitoring function of the Board of Directors.
• Implemented various internal dissemination measures, including direct dialogue between executives and employees, sustainability lectures, and training programs.

Supply Chain Management

Supplier Audits: CSR Procurement surveys of 300 major business partners.

Responsible Procurement

• Green Accreditation System
• Green Procurement Standards Guide
• CSR Procurement Guidelines
• RBA Code of Conduct

Climate-Related Risks & Opportunities

Physical Risks

• Increased severity of extreme weather
• Changes in precipitation patterns

Transition Risks

• Increase in carbon pricing
• Strengthened obligation of emission reports
• Changes in customer behavior

Opportunities

• Development of energy-efficient products
• Expansion of renewable energy businesses
• Development of energy storage systems and power transmission technologies

Reporting Standards

Frameworks Used: GRI Standards, TCFD

Certifications: ISO 14001

Third-party Assurance: SGS Japan Inc.

UN Sustainable Development Goals

• Goal 3: Good Health and Well-being
• Goal 7: Affordable and Clean Energy
• Goal 9: Industry, Innovation and Infrastructure
• Goal 11: Sustainable Cities and Communities
• Goal 13: Climate Action

Mitsubishi Electric contributes to these goals through its various products, services, and solutions.

Sustainable Products & Innovation

• Air-to-water heat pumps
• SynRM for railway vehicles
• EcoCute heat pump water heaters
• Misola lighting fixtures

Awards & Recognition

• CDP Supplier Engagement Leader
• EcoVadis Bronze Rating
• FTSE4Good Index Series constituent
• FTSE Blossom Japan Index constituent
• MSCI Japan Empowering Women Index constituent
• S&P/JPX Carbon Efficient Index constituent
• PRIDE Index 2022 Gold award
• Eruboshi (Grade 2) from the Ministry of Health, Labour and Welfare

Environmental Metrics

ESG Focus Areas

• Carbon neutrality
• Circular economy
• Safety/Security
• Inclusion
• Well-being
• Human rights
• Corporate Governance

Environmental Achievements

• Achieved 100% green energy at 9 Japan and 10 overseas sites by FY2023
• Obtained updated certification from SBT Initiative with new targets aiming to keep the average global temperature rise within 1.5 °C
• Received top ratings from CDP for Climate and Water for the sixth consecutive time
• Reduced primary energy use by 62% in Nishishinjuku Sanko Building renovation

Social Achievements

• Launched 3D measurement app “Rulerless”, receiving CES 2024 Innovation Award
• Business partnership with Uber Eats Japan and Cartken to offer online delivery services using self-driving robots
• Improved the efficiency of disaster damage investigation and preventing and mitigating disasters

Governance Achievements

• Established the Sustainability Innovation Group for comprehensive and strategic promotion of value creation and foundation enhancement
• Established the “Mitsubishi Electric Energy & Carbon Management Collaborative Research Hub”, “Mitsubishi Electric -AIST Human -Centric System Design Collaboration Laboratory”, and “Future Design Committee by Mitsubishi Electric and the University of Tokyo” for industry-government-academia collaboration
• Implemented the Purpose Project, providing every employee with the opportunity to think about their “My Purpose”
• Enhanced dialogues with shareholders, investors, and other stakeholders through IR Days, briefings, and other events
• Conduct third-party evaluation of the effectiveness of the Board of Directors and pursue sustainable improvements
• Ensure that independent outside directors account for more than half of the Board of Directors and the three statutory committee members

Climate Goals & Targets

Environmental Challenges

• Reducing greenhouse gas emissions across the entire value chain
• Achieving a circular economy
• Addressing labor shortages in the transportation and delivery industry
• Maintaining and managing aging infrastructure
• Ensuring safety and security
• Promoting inclusion and well-being
• Preventing recurrence of improper quality control practices

Mitigation Strategies

• Leveraging in-house technology, clean energy procurement, and product emission reduction
• Investing in green-related R&D (approx. ¥900 billion between FY2025-FY2031)
• Developing business models for resource circulation, such as carbon recycling
• Implementing digital technologies and creating integrated solutions for energy and facility management
• Co-creation with startups and customers, investments, and M&As
• Globally securing and developing human capital linked to management strategies, promoting DE&I initiatives
• Promoting three key reforms (quality assurance, organizational culture and governance), monitoring of the three reforms by the Board of Directors, and appropriate information disclosure

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: SBT Initiative, CDP

Sustainable Products & Innovation

• New SiC/Si power semiconductor modules for xEV J3 Series
• ZEB solutions
• 3D measurement app “Rulerless”,
• Product delivery service using self-driving robots

Awards & Recognition

• CES 2024 Innovation Award (Rulerless)

Environmental Metrics

ESG Focus Areas

• Climate Change
• Circular Economy
• Nature Positive
• Human Rights
• Diversity, Equity & Inclusion (DE&I)

Environmental Achievements

• Reduced greenhouse gas emissions (Scope 1 and 2) by approximately 25% from 2014 levels by fiscal year 2024.
• Achieved 95% effective use of plastic waste in Japan in fiscal year 2024.
• Reduced water usage per unit of sales by 34% at high-risk sites compared to fiscal year 2020.

Social Achievements

• Launched the “My Purpose” project engaging 150,000 employees to connect personal aspirations with the company's purpose.
• Improved employee engagement scores in the second half of fiscal year 2024.
• Awarded Best Workplace in D&I AWARD 2023.
• Reduced monthly overtime hours per employee by 14% compared to fiscal year 2020.

Governance Achievements

• Established the Sustainability Innovation Group in April 2024.
• Maintained the ratio of independent outside directors over 50%.

Climate Goals & Targets

Environmental Challenges

• Deterioration in the business environment for factory automation systems and air conditioning systems.
• Geopolitical risks, including the conflict in Ukraine and US-China tensions.
• Rapid proliferation of generative AI.
• Climate change and other social issues.
• Securing DX human capital.

Mitigation Strategies

• Revised financial targets for operating profit margin, ROE, and cash generation.
• Shift to balance sheet management utilizing ROIC and business area management.
• Further accelerating the achievement of the ideal vision using Serendie digital platform.
• Accelerating “Trade-On (mutual benefits)” initiatives.
• Establishing the Sustainability Innovation Group.
• Expanding DX human capital to 20,000 by 2030.
• Implementing business portfolio strategy.
• Advancing partnership strategy.

Supply Chain Management

Responsible Procurement

• Mitsubishi Electric Group Supply Chain Code of Conduct
• CSR Procurement Guidelines

Climate-Related Risks & Opportunities

Physical Risks

• Typhoons
• Localized heavy rain
• Floods
• Supply chain disruptions

Transition Risks

• Tightening of greenhouse gas emission regulations
• Increased burden of technological development
• Changes in energy mix and demand
• Fluctuations in EV demand

Opportunities

• Increased demand for decarbonization technologies
• Expansion of SiC demand
• Increased demand for energy-efficient products and services

Reporting Standards

Frameworks Used: TCFD

Certifications: ISO 14001:2015

UN Sustainable Development Goals

• Goal 3 (Good Health and Well-being)
• Goal 7 (Affordable and Clean Energy)
• Goal 9 (Industry, Innovation and Infrastructure)
• Goal 11 (Sustainable Cities and Communities)
• Goal 13 (Climate Action)

Mitsubishi Electric contributes to these SDGs through its various businesses and ESG-related activities.

Sustainable Products & Innovation

• High-efficiency air conditioners
• Heat pump systems
• Inverters and power devices
• SiC power semiconductors
• Products using recycled plastics

Awards & Recognition

• CES 2024 Innovation Award
• 70th Okochi Memorial Production Prize
• D&I AWARD 2023 Best Workplace
• IAUD International Design Awards