To put the Group’s corporate philosophy into practice, we define corporate social responsibility (CSR) as faithfully carrying out the role required and expected of us as a company, disclosing and sharing details of our activities, both inside and outside the company, and deepening mutual understanding through dialogue. ESG organizes these initiatives into the three categories of Environment, Social and Governance.
To put it another way, promoting CSR means incorporating society’s needs into our management activities. Our corporate philosophy system reflects the principles set out by the International Council on Mining & Metals (ICMM), of which we are a member, and the modern-day requirements of the international community.
In identifying key issues too, we started by ascertaining public demand based on a wide range of information sources, including international guidelines and ESG research questionnaires. We then evaluate and prioritize issues based on stakeholder and management perspectives. Our approach to resolving key issues, once they have been identified, is to incorporate them into our business strategy, and tackle them in different ways as part of our day-to-day business processes.
We have also looked in detail at the relationship between the Group's business activities and the SDGs, which summarize the international community's awareness of issues in the run up to 2030. In light of dialogue with outside experts and other considerations, the SDGs have been established as a key pillar of our efforts. For details, see "Mitsubishi Materials Group's Business Activities and the SDGs".
The Mitsubishi Materials Group is an ensemble of companies operating under the composite profile of a comprehensive basic materials maker. As a group, we provide resources, basic materials and energy indispensable to modern lifestyles, and in these efforts, we adhere to a corporate philosophy that emphasizes efforts that contribute to people, society and the Earth.
CSR for the Group thus hinges on making this philosophy a reality, through the sincere fulfillment of the obligations and expected role that society places on a corporate citizen, disclosure of the approaches taken—with proper explanation—and the constant pursuit of two-way communication with stakeholders to promote greater mutual understanding.
These actions will underpin a position of trust in society.
To further raise the level of our response to management issues related to sustainability, including CSR and ESG, in April 2020 the Group established the Sustainable Management Office at Mitsubishi Materials, the core entity of the Group. The mission of the Sustainable Management Office is to promote centralized handling of various management issues in order to contribute to developing a sustainable society and enhance corporate value in the medium- to long-term via business activities that follow the corporate philosophy of the Group.
The organization is led by the Chief Executive Officer of Mitsubishi Materials as Chairperson and is composed of members across the entire company, with each of the corporate officers serving as Deputy Chairpersons. It contains ten specialized panels: The (1) Communications Panel, (2) Corporate Functions Optimization Panel (3) Governance Panel, (4) Compliance Panel, (5) Risk and Crisis Management Panel, (6) Climate Change and Energy Panel, (7) Environmental Management Panel, (8) Quality Management Panel, (9) Information Security Panel, and (10) Zero Disaster Promotion Panel.
Each panel identifies the major issues related to the themes examined and formulates countermeasures. These are compiled into an overall plan by the Sustainable Management Office, which follows up on the implementation of each measure, manages progress, and conducts reviews. In the future, when the issues to be tackled by the Group change due to social factors and other developments, the targeted issues and composition of the corresponding panels will be flexibly revised.
Under this new organizational structure, the Group will make every effort to deepen engagement with stakeholders in Japan and abroad, centrally compile the feedback received, and make use of it in considering the management issues to be addressed.
We respond to issues highlighted and suggestions made by our stakeholders so that we can improve the standard of our CSR and ESG activities. We have launched a number of initiatives in response to key comments and requests, including the following. For information on methods of communication with stakeholders when ascertaining details, please see “Interaction with Stakeholders”.
|Key comments and their source||Group response|
|Continuing to expand and improve resource recycling measures||
|Responding to the risks and opportunities associated with climate change||
|Managing abandoned mines||
|Preserving biodiversity (company-owned forests, areas around mines)||
|Respecting human rights throughout the supply chain||
|Creating safe, healthful working environments||
|Human resources development||
|Promoting greater roles for diverse human resources||
|Strengthening information security||
|The evolution of corporate governance||