At the Mitsubishi Materials Group, we made the CSR Declaration to announce our commitment to CSR activities in April 2005, and established the CSR Direction in May 2006, and have been pursuing initiatives accordingly. Since then, along with the growing interest in climate change, environmental and social issues, and society began to attach greater importance to sustainability. Reflecting these trends, we established a Sustainability Policy in December 2021 to clarify the Group's attitude to promote sustainability more actively and positively. We also established a Human Rights Policy and a Procurement Policy under the Sustainability Policy. ESG organizes these initiatives into the three categories of Environment, Social and Governance.
At the Mitsubishi Materials Group, we uphold our Corporate Philosophy “For People, Society and the Earth” and recognize that the sustainability of society as a whole will have a significant impact on our corporate activities in the future. Based on this understanding, we aim to create both social and economic values by solving social issues through business activities, with a focus on contributing to building a prosperous society, recycling-oriented society, and decarbonized society.
In identifying key issues too, we start with ascertaining social demand that the Group should respond to, 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 systematically as part of our day-to-day business processes.
(Stipulated on December 1, 2021)
Since tackling management issues regarding sustainability is essential for the Group to improve its corporate value in the medium- to long-term, we established the Sustainable Management Office on April 1, 2020 to promote centralized handling of such issues. The activities led by the Sustainable Management Office will enable the Group to actively solve issues regarding sustainability and appropriately handle issues from a risk management perspective, which will contribute to both building a sustainable society and improving corporate value in the medium- to long-term.
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. Its members include the CEO (General Manager), executive officers of related departments (Deputy General Manager), and general managers of related departments. It has panels for each specialized field as suborganizations, which deliberate on annual policies and activity plans. After following-up on specific measures and the like related to each field by the Sustainable Management Office, the status of those activities is reported to the Strategic Management Committee and the Board of Directors monthly.