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FOR IMMEDIATE RELEASE No. 3767
TOKYO, February 7, 2025 - Mitsubishi Electric Corporation (TOKYO: 6503) announced today that the international nonprofit CDP1 has once again given Mitsubishi Electric its highest "A List" rankings for both Climate Change and Water Security activities. The top ratings recognize the environmental focus of Mitsubishi Electric's commercial activities and goals as well as the company's timely and appropriate information disclosure. Mitsubishi Electric has been named to the A List seven different times in both categories since 2016, and it has achieved the highest rating in each category for two consecutive years. Mitsubishi Electric, which has positioned sustainability as a cornerstone of its business, management philosophy and the company's environmental vision 20502, aims to achieve net-zero greenhouse gas (GHG) emissions at its factories and offices by the fiscal year ending March 31, 2031 and throughout its entire value chain by the fiscal year ending March 31, 2051. In 2024, Mitsubishi Electric formulated its "Environmental Plan 2025"3 and it specifies simplified calculations for LC-CO2 4 emissions contributing to carbon neutrality and the circular economy as well as nature-positive5 targets contributing to the Japanese government's "30by30"6 initiative.
Mitsubishi Electric will continue to contribute to the realization of a sustainable global environment throughout the global value chains, energy-saving products and systems, and cutting-edge infrastructure.
Climate Change Initiatives of Mitsubishi Electric
- In the Environmental Plan 2025, Mitsubishi Electric updated its group's greenhouse gas emissions-reduction targets through 2030,7 which have been certified by the Science Based Targets Initiative8 (SBTi) for conformance with the Paris Agreement's 1.5°C trajectory.
- Reduction of greenhouse gases throughout company's value chains, from development, design and procurement of raw materials and production through sales, distribution, use and disposal, aiming at net-zero CO2 emissions by 20519
- Provision of operationally more sophisticated systems for distributed power sources and storage batteries, further grid stabilization, and high-capacity, high-efficiency renewable-energy power transmission for expanded adoption of renewable energy in society
- Promotion of the spread of "heat pump type hot water system (Air to Water)," which is more energy efficient than the boiler system using fossil fuels
- Reduction of emissions in production by introducing high-efficiency and IoT equipment, increasing the rate of adopting renewable energy, and upgrading equipment operation as well as developing energy-saving models
Water Security Initiatives of Mitsubishi Electric
- In the Environmental Plan 2025, Mitsubishi Electric set a target for reducing water usage at high-risk sites by the fiscal year ending March 31, 2026.
- Adoption of Aqueduct Water Risk Atlas10 and other risk assessment tools to keep track of current and future water risk at business sites both in Japan and abroad
- Thorough management of water usage and discharges at domestic and overseas manufacturing sites, reduction of water use, and more effective measures for saving and reusing water
- Development of water purification technology utilizing ozone, etc., and supply of water purification systems to water and sewage treatment sites, factories, and public facilities
- 1https://www.cdp.net/
- 2https://www.MitsubishiElectric.com/en/sustainability/environment/ev2050/index.html
- 3https://www.mitsubishielectric.com/news/2024/0207-a.html
- 4Life Cycle CO2 emissions generated at all stages from production to disposal of products and services.
- 5Movement to enhance the capacity of the environment and societies to halt and reverse nature loss.
- 6Target to protect and /conserve at least 30% of Japan's land and seas by 2030.
https://policies.env.go.jp/nature/biodiversity/30by30alliance/documents/3030emap.pdf - 7Updated targets under the Paris Agreement to newly set Scope 1 and Scope 2 goals to "limit global temperature rise to within 1.5°C compared to pre-industrial levels" and Scope 3 goals to "well below 2°C."
- 8International initiatives and collaboration between CDP, the United Nations Global Compact, World Resources Institute and the World Wide Fund for Nature, one of the We Mean Business Coalition commitments, to establish emission-reduction targets consistent with the findings of climate science.
- 9https://www.mitsubishielectric.com/sites/news/2023/pdf/0529-a1.pdf
- 10Developed by International Non-Governmental Organization, the World Resources Institute.
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