Initiative and Leadership
Open Innovation and Collaboration with Stakeholders
The MCG Group seeks to improve its sustainability by participating in initiatives for reducing environmental impacts.
By actively participating in international organizations and various industry groups both in Japan and abroad, we are advancing open innovation while increasing our ability to communicate, including by making recommendations on various policies.
United Nations Global Compact (UNGC)
In May 2006, the MCG Group declared its support for and participation in the United Nations Global Compact, which sets out 10 principles advocated by the United Nations in the four areas of human rights, labor, the environment, and anti-corruption. We are committed to these four areas and act as a good corporate citizen that promotes collaboration toward a sustainable society. We are also actively involved in the Global Compact Network Japan (GCNJ), a local network in Japan.
Global Impact Coalition (GIC)
The MCG Group is the only Japanese member company in the Global Impact Coalition (GIC), which was established in November 2023 after the Low Carbon Technology Initiative (LCET) of the World Economic Forum (WEF) became independent and was renamed. With the objective of developing, investing in, and implementing low-carbon emission technologies in the chemical industry, and promoting the chemical industry's goal of achieving net-zero emissions by 2050, we are participating in international discussions on decarbonization and cutting-edge technology development and investment projects through the GIC.
Task Force on Climate-related Financial Disclosures (TCFD)
In October 2018, the MCG Group expressed its support for the final recommendations of the Task Force on Climate-related Financial Disclosures (TCFD*1), which was established by the Financial Stability Board to encourage disclosure of information on the impact of climate-related risks and opportunities on corporate finances.
*1The TCFD is an organization established in 2015 by the Financial Stability Board (FSB) at the request of the G20. The TCFD encourages companies to voluntarily disclose to investors the impact of climate change-related risks and business opportunities on corporate finances. In June 2017, the TCFD published its final recommendations on how information should be disclosed.
The TNFD Forum
The Taskforce on Nature-related Financial Disclosures (TNFD) is an international organization that aims to establish a framework for corporate risk management and disclosure regarding natural capital and other matters. In November 2021, Mitsubishi Chemical joined the TNFD Forum to follow international discussions and hold talks with internal and external stakeholders about its future actions.
Carbon Recycling Fund Institute
The Carbon Recycling Fund Institute engages in activities to create innovations for simultaneously resolving the problems of global warming and improving energy access, including providing grants for research into the recycling and reuse of CO2T. Mitsubishi Chemical has been involved since the fund's inception in August 2019 and serves as vice-chairperson.
Japan Clean Ocean Material Alliance (CLOMA)
Mitsubishi Chemical is a member of Japan Clean Ocean Material Alliance (CLOMA), Japan’s largest plastic recycling organization, with over 500 companies participating. The organization was established in November 2018 as a platform to strengthen collaboration among a wide range of stakeholders across industries and accelerate innovation aimed at resolving the problem of marine plastics. As the chair of the Technology Working Group, we are working diligently to spread and promote the organization’s activities. We are also advancing these activities by chairing other working groups operated by the Technology Working Group.
Circular Partners
In March 2023, the MCG Group joined Circular Partners, an organization established by the Ministry of Economy, Trade and Industry to promote collaboration between industry, government and academia for realizing a circular economy. The organization is expanding collaboration and initiatives with stakeholders across the entire life cycle to promote a circular economy.
GX League (GXL)
The MCG Group endorses the GX League Basic Concept, published by the Ministry of Economy, Trade and Industry in February 2022, as it matches the direction of the Group’s own activities. We also attended the GX League (GXL) kickoff event held in June 2022 and officially joined the GXL in 2023. Today, we proactively take part in the GX Management Promotion Working Group, the Eligible Carbon Credit Working Group, business opportunity creation, and rule-making for market creation, all of which are being implemented by GXL.
Circular Economy Association
In 2021, Mitsubishi Chemical endorsed the activities of the Circular Economy Association (CEA), an organization that aims to realize a circular economy and society that is highly resource efficient and capable of sustainable development while making effective use of limited natural resources. We seek to actively contribute to discussions to further collaboration with stakeholders in the value chain and participate in rule-making.
Japan Partnership For Circular Economy (J4CE)
In April 2021, Mitsubishi Chemical endorsed the activities of the Japan Partnership For Circular Economy (J4CE). This organization aims to strengthen public-private collaboration to foster understanding of and advance initiatives toward a circular economy among various stakeholders. We are working to contribute to the organization's activities by taking part in panel discussions and other activities.
