In Pursuit of a Recycling-Oriented Business Model

Purpose of activities	Activities during fiscal 2021	Self- assessment	Targets/plans for activities from fiscal 2022 onwards
Promoting the recycling of fluorine resources　(Advanced Products (Electronic Materials & Components))	The amount recycled was 1,850 tons/year, 18% below the plan Material recycling rate was 19%, 6% below the plan	B	Ensure the stable operation of recycling plants and achieve the plan of the amount recycled.
Promoting the recycling of tungsten (Metalworking Solutions Business)	Recycling rate increased (by 135% from the fiscal 2018 level) Use more recycling manufacturers (than the current level ⇒ Add one manufacturer)	A	Recycling rate increased (by 97% from the fiscal 2018 level) Stabilize the amount of recycling
Expanding recycling operations (Metals Business)	Optimize the smelting business in response to the expansion of E-Scrap processing	A	Material flow optimization
Steadily processing industrial waste as raw materials (Cement Business)	Consumption of waste plastics increased by 14,189 tons from the previous year Biomass and low-cost alternative thermal energy resources increased by 2,239 tons from the previous year	B	Increase the usage of waste plastic by introducing high-efficiency kiln burners Look for new biomass and low-cost alternative thermal energy resources and expand acceptance of such energy Increase waste utilization through fully automated analytical equipment
Advancement of Home Appliances Recycling Aiming for No.1 handling company of E-Scrap in Japan (Environment & Energy Business)	Technology development for automatic sorting robot Development of technologies for recovering cobalt and nickel from lithium ion batteries Demonstrated advanced recycling of collected items from home appliances recycling by utilizing automobile recycling facilities	A	Expand the home appliance recycling business, promote automation of home appliance recycling, and improve the added value of collected items Verification of technologies for recycling lithium ion batteries and solar panels Stable operation of the incineration fly ash recycling business and the business of producing biogas from food waste
Facilitating the 3Rs as part of aluminum can operations (Aluminum Business)	Continued to provide internal support for Universal Can Corporation in line with the Japan Aluminum Can Recycling Association’s third voluntary action plan to　promote the 3Rs via aluminum beverage cans	A	Provide lateral support to further improve the aluminum-can recovery rate of Universal Can Corporation

Self-assessment grades A: Target achieved B: Target mostly achieved C: Target not achieved

Recycling-Oriented Business Model

Overview of our Recycling-Oriented Business Model

The Mitsubishi Materials Group is a complex corporate entity encompassing a wide range of technologies and expertise, from resources upstream to materials midstream to processed products downstream. We have continued to make the most of those capabilities on a groupwide scale, in an effort to establish a recycling-oriented business model based on recovering resources from a wide range of waste products.
We strive to create cyclical value chains in each of our businesses, so that resources and materials are processed into products and then recycled back into materials. As well as enabling sustainable growth, this also helps to promote recycling-oriented social systems（Circular Economy）.

Recycling-oriented business model (by segment)