Sustainability (MOS) Results
For the material issues identified by the Mitsubishi Chemical Group, targets are set and progress is measured with the Management of Sustainability (MOS) Indices. We are proceeding steadily with initiatives on material issues by monitoring the yearly progress of each index.
Issues Related to Environmental and Social Impacts
Environmental Impacts
As a step toward reducing environmental impacts, including lowering GHG emissions, as well as building a circular economy, we have established indices to measure GHG emissions and water-and waste-related impacts and set associated targets.
We achieved an approximate 21% reduction in GHG emissions compared with fiscal 2019 through increased production efficiency and upgrading of facilities combined with the effect of reduced production volumes at our main business sites. COD has also decreased due to reduction of production volume and improvement in operating conditions of wastewater treatment plants. In terms of waste reduction, we are continuing to reduce waste at business sites emitting high volumes of landfill waste through efforts to boost production yields and improve recycling rates.
| MOS indices | Target fiscal year | Target | FY2024 results |
|---|---|---|---|
| Rate of reduction of GHG emissions (compared to FY2019) | FY2030 | 29% | 21% |
| COD*1 reduction amount (compared to FY2023, MCC*2 in Japan) | FY2029 | 310 t | 201 t |
| Rate of reduction of landfill waste*3 (compared to FY2023, MCC*2 in Japan) | FY2029 | 50% | 8% |
- *1Chemical Oxygen Demand (COD) : An indicator of the level of water pollution caused by organic matter, etc. (The amount of oxidizing agent consumed when oxidizing agent reacts [oxidizes] with organic matter in water is expressed as a value corresponding to the concentration of oxygen).
- *2Mitsubishi Chemical Corporation and its Group companies
- *3 Amount of landfill waste regularly generated in the Company’s routine production and logistics activity
Issues Related to Business Foundations and Organization
Employee Engagement
The Group aims to raise employee engagement to enable employees to reach their full potential and achieve higher levels of creativity and productivity. The table shows the percentage of favorable responses to relevant questions on the periodically held employee engagement survey, and the results and response tendencies of each question are reflected in our various measures.
Diversity at the Decision-making Level
We use diversity among decision makers as an indicator to ensure that management decisions are made by personnel with a wide range of experience and diverse values. In fiscal 2024, 29% of management met at least one of the three criteria of gender diversity, internationality, and career diversity.
| MOS indices | Target fiscal year | Target | FY2024 results |
|---|---|---|---|
| Employee Engagement | FY2029 | 80 pp*4 | 70 pp |
| Diversity at the Decision-making Level | FY2030 | 40% | 29% |
- *4pp: percentage point
Evaluation related to the ESG stock index
In recognition of the Group’s initiatives, we have been included continuously in the ESG stock indices indicated below. Going forward, we will continue to review the insights and issues identified from the evaluation results and use them to further enhance relevant activities.
Issues Related to Companywide Risks
Number of Serious Information Security Incidents
We have set a target of maintaining the number of serious information security incidents*5 at zero. The Group has formulated information security policies and regulations, protects and manages information assets, and promotes various security measures on a global scale. We provide security training each year to enhance the information security knowledge and awareness of all employees.
*5A serious information security incident refers to a situation in which a threat to the information assets of the company or organization manifests, resulting in a loss of trust, economic losses, and legal issues.
Issues Related to Existence
Safety
Based on the Group’s environmental and safety principle that safety is the foundation of the company’s very existence, and ensuring safety is the company’s social responsibility, we will continue to engage in monozukuri with safety as the top priority. We will ensure safe workplaces by eliminating unsafe conditions and behaviors and potential risks. We will also continue to lower our lost-time injury frequency rate and the number of accidents by enhancing psychological safety and instilling a strong awareness of safety throughout the organization.
| MOS indices*6 | Target fiscal year | Target | FY2024 results |
|---|---|---|---|
| Lost-time injury frequency rate (LTIFR) | FY2025 | 0.71 | 0.99 |
| Process safety accidents | FY2025 | 16 | 21 |
| Environmental accidents | FY2025 | 0 | 0 |
- *6From fiscal 2026, three indices are planned: "Lost-time injury frequency rate," "Number of serious Tier 1 accidents and Tier 1 accidents," and "Number of serious compliance violations and compliance violations related to environment and safety."
Number of serious compliance violations
In fiscal 2024, there were two violations against a target of zero. We take a very serious view of the incidents that occurred. In addition to taking appropriate actions, each group company is working to respond and take corrective actions in accordance with the policies under the supervision and guidance of the chief compliance officer. Moreover, under the Compliance Program, we conduct educational and training programs, awareness surveys, and other globally standard measures as well as promote measures tailored to the culture and characteristics of each region to promote further compliance awareness among all employees.
