Climate Change Data

MITSUBISHI MOTORS CORPORATION

Climate Impact & Sustainability Data (2022-04 to 2023-03)

Reporting Period: 2022-04 to 2023-03

Environmental Metrics

Total Carbon Emissions:29,076 thousand t-CO2e/year
Scope 1 Emissions:95 thousand t-CO2e/year
Scope 2 Emissions:271 thousand t-CO2e/year
Scope 3 Emissions:28,710 thousand t-CO2e/year

ESG Focus Areas

  • Climate Change
  • Resource Circulation
  • Pollution Prevention
  • Human Rights
  • Employee Engagement
  • Supply Chain Sustainability
  • Traffic Safety
  • Community Development

Environmental Achievements

  • Installed 1.75MW of solar panels at Mitsubishi Motors Krama Yudha Indonesia (MMKI), reducing annual CO2 emissions by 1,800t.
  • Achieved zero direct landfill waste (less than 0.5%) for management target companies.
  • Reduced CO2 emissions from business activities by 33% compared to FY2018.

Social Achievements

  • Launched the “eK X EV” and resumed general sales of the “MINICAB-MiEV”, expanding the lineup of Kei-car electric vehicles.
  • Expanded the number of DENDO DRIVE STATIONs in Japan to 93.
  • Conducted human rights assessments at headquarters and three domestic plants in FY2021, and at Mitsubishi Motors (Thailand) Co., Ltd. in FY2022.

Governance Achievements

  • Added “CO2 emissions from business activities” and “employee engagement” as indicators for determining medium- to long-term performance-linked compensation for Executive Officers in FY2022.
  • Consistently selected as a constituent of the “FTSE4Good Index Series” and the “FTSE Blossom Japan Index” for four consecutive years.

Climate Goals & Targets

Long-term Goals:
  • Achieve carbon neutrality throughout the supply chain by 2050.
Medium-term Goals:
  • Reduce average CO2 emissions from new vehicles by 40% (compared with FY2010).
  • Achieve a 50% electrified vehicle sales ratio (100% by FY2035).
  • Reduce CO2 emissions from business activities by 50% (compared with FY2018).
Short-term Goals:
  • Reduce water consumption by improving water recycling technologies.

Environmental Challenges

  • Strengthening of fuel economy/CO2 and zero-emission vehicle regulations.
  • Introduction and expansion of carbon pricing.
  • Increasing frequency and intensity of meteorological disasters.
  • Supply chain disruptions.
  • Resource constraints.
  • Stringent regulations on hazardous substances.
  • Growing demand for electrified vehicles.
  • Changes in user awareness and behavior.
Mitigation Strategies
  • Developing and introducing electrified vehicles (EVs, PHEVs, HEVs).
  • Improving fuel efficiency technologies.
  • Promoting energy-saving activities and the introduction of renewable energy.
  • Collaborating with suppliers and logistics companies to reduce CO2 emissions across the supply chain.
  • Developing alternative sourcing strategies.
  • Reinforcing management of hazardous substances.
  • Investing in R&D for electrified vehicles and energy management.
  • Exploring new business opportunities in energy management and battery utilization.

Supply Chain Management

Supplier Audits: 80 cases/year

Responsible Procurement
  • Supplier CSR Procurement Guidelines
  • Green Procurement Guidelines
  • Conflict mineral policies
  • IMDS data collection

Climate-Related Risks & Opportunities

Physical Risks
  • Increasing frequency and intensity of meteorological disasters
  • Rise in average temperatures
  • Rise in ocean levels
Transition Risks
  • Strengthening of regulations for fuel economy/CO2 and zero-emission vehicles
  • Introduction and expansion of carbon pricing
  • Changes in the energy mix
  • Tight supply and demand for raw materials (rare metals)
  • Changes in user awareness and behavior
  • Increasingly stringent assessment by ESG institutions and stakeholders
Opportunities
  • Growing demand for electrified vehicles
  • Advancement in energy technologies

Reporting Standards

Frameworks Used: GRI Standards, TCFD Recommendations, Environmental Reporting Guidelines (2018 edition) issued by the Ministry of the Environment of Japan

Certifications: ISO 14001, Eco-Action 21

Third-party Assurance: Japan Credit Rating Agency, Ltd.

UN Sustainable Development Goals

  • Goal 3
  • Goal 7
  • Goal 9
  • Goal 11
  • Goal 12
  • Goal 13
  • Goal 15
  • Goal 17

Initiatives contribute to these goals through various environmental, social, and governance programs.

Sustainable Products & Innovation

  • Electrified vehicles (EVs, PHEVs, HEVs)
  • Autonomous street lighting using used batteries

Awards & Recognition

  • 2023 Certified Health & Productivity Management Outstanding Organizations