To address sustainability at the management level and ensure long-term commitment, the Mitsubishi Electric Group has identified five areas as materiality (important challenges) to “Provide solutions to social challenges through our businesses” and to “Strengthen our business foundation to enable sustainable growth.” The Group is taking a “Trade-On (mutual benefits)” approach to realizing sustainability by implementing materiality initiatives to create business solutions for social challenges while securing its own business growth at the same time. For our materiality initiatives, we set targets and key performance indicators (KPIs) and carry out continuous improvement activities using the PDCA cycle.

Under its Purpose that “We, the Mitsubishi Electric Group, will contribute to the realization of a vibrant and sustainable society through continuous technological innovation and ceaseless creativity” the Group aims to contribute to solving social issues. This policy aligns with the objectives of the globally shared Sustainable Development Goals (SDGs). *

Through our numerous businesses and the entirety of our corporate activities, including environment, social and governance (ESG)-related activities, the Mitsubishi Electric Group is contributing to meeting the 17 SDGs.

In particular, we believe that the Mitsubishi Electric Group can also contribute greatly as a comprehensive electrical and electronic manufacturer handling a wide range of technologies, products, and services, ranging from familiar home electronics products to satellites and projects on a national scale.

In fiscal 2016, the Mitsubishi Electric Group identified materiality and initiatives in response to today’s social trends and business environment, as required by the fourth edition of the Global Reporting Initiative (GRI) Guidelines.

In fiscal 2021, a full internal review of the materiality, mid-to-long-term initiatives, and targets/key performance indicators (KPIs) was conducted. This review involved subjective evaluations from both inside and outside the company, along with questionnaires and interviews with a total of 1,551 participants, including Mitsubishi Electric Group employees, suppliers, investors, analysts, and general consumers.

We have carried out stakeholder questionnaires targeted at general consumers (600 respondents) since fiscal 2017, and we also held a questionnaire in fiscal 2024. We will take evaluation from external parties into account as we review these mid-to-long-term initiatives and targets.

Candidate materiality (357 issues) were identified based on ISO26000,*1 the GRI Standards,*2 the SASB standards,*3 and the Sustainable Development Goals (SDGs).

Next, questionnaire surveys were conducted with stakeholders such as consumers, suppliers, investors, and Mitsubishi Electric Group employees to assess their expectations of the Group regarding addressing social issues. In addition, through interviews and dialogues with experts, we gained their views and opinions of the Mitsubishi Electric Group. Based on the results obtained, we narrowed down the issues that needed to be addressed with the highest priority and examined their materiality.

The issues thus extracted and studied through the above-described process and specific mid-to-long-term initiatives and targets/key performance indicators (KPIs) were identified as the Mitsubishi Electric Group’s materiality by the Sustainability Committee.

In line with the materiality identified for fiscal 2022, we reviewed the priority SDGs determined in fiscal 2019. When we conducted an internal survey to confirm items for which there are high expectations in terms of contribution to the SDGs, we found that Mitsubishi Electric is expected to contribute to resolving social challenges through its business activities. Based on these results, we set SDGs Goals 3 (Good Health and Well-being, 7 (Affordable and Clean Energy), 9 (Industry, Innovation and Infrastructure), 11 (Sustainable Cities and Communities), and 13 (Climate Action) as the five areas that the Group will focus on going forward.

The Mitsubishi Electric Group has identified a set of particulary important issues as company-wide goals related to sustainability in fiscal 2025. The Sustainability Committee will confirm and promote progress toward the achievement of these goals as the Group works to enhance corporate value.