Basic Policy on Sustainability

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.

Conceptual diagram of Corporate Philosophy of the Mitsubishi Materials Group and its stakeholders

Sustainability Policy

Build a Work Environment that puts Safety and Health First

We place utmost priority on safety and health. We will build a work environment that eliminates work-related accidents, ensures occupational health, maintains employee wellness and reinforces risk management that mitigates adverse impacts from emergency situations including natural disasters and global infectious diseases.

Respect Human Rights

Respect for human rights is considered to be the foundation of the business activities of the Mitsubishi Materials Group. We respect the principles enshrined in the international human rights instruments.

Promote Diversity and Inclusion

We embrace diversity and acknowledge its importance in creating new value. We will promote diversity and inclusion as a source of sustainable growth within the Group.

Cultivate Mutual Prosperity with Stakeholders

We will communicate proactively with our stakeholders – including shareholders, investors, employees, customers, suppliers, business partners, global and local communities – to foster mutual understanding toward mutual prosperity.

Strengthen Corporate Governance and Risk Management

We will strengthen corporate governance and reinforce risk management systems to ensure legal compliance. Fulfilling regulatory requirements is a prerequisite for enhancing our business operations and preventing corporate scandals from arising.

Engage in Fair Business Transactions and Responsible Sourcing

We will engage in fair and responsible business transactions with all our suppliers and business partners. We will strive to ensure responsible procurement of minerals and other raw materials in collaboration with our suppliers and business partners.

Ensure Stable Provision of Safe, Secure, and High Value Added Products

We practice quality control and pursue innovative solutions to develop safe and secure products, services and solutions with high added value to society.

Proactive Engagement for the Global Environment

We recognize the critical importance of environmental conservation. We will engage proactively in resource recycling, decarbonization and biodiversity conservation across all areas of our operations, from procurement of raw materials to the development, manufacturing, distribution, consumption, disposal, and recycling of materials and products.

(Stipulated on December 1, 2021)

Sustainable Management System

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.

Sustainable Management System (as of June 28, 2022)

• * Mitsubishi Materials Corporation has established a Sustainability Policy as of December 1, 2021.
• * Mitsubishi Materials Corporation signed the United Nations Global Compact and was registered as a participating company as of March 22, 2022.
• * Mitsubishi Materials Corporation has established a Sustainability Committee consisting of directors under the Board of Directors as of June 28, 2022.