Sustainability

Environment

Environmental Policy

MITSUBA Environmental Declaration

MITSUBA Group established and set forth the “Mitsuba Environmental Declaration” in May 1993 as the policy in its environment area, which is one aspect of sustainability. MITSUBA is working on environmental activities globally in order to achieve the goals stated in the declaration.

We will work to achieve a continuous harmonization with our natural environment by means of technical developments harmonized with the society and the environment. We will work to realize a safe and plentiful environment for us all.

* We strive to conserve resources and energy in all of our corporate activities including development, production, and sales.
* We strive to reduce waste and pollutants, and to dispose of these properly.
* We strive to keep a safe living environment in harmony with local environments.

MITSUBA Environment Action Guideline

1. We will attempt to make sparing and effective use of limited resources.
2. We will strive to save on energy in our corporate activities, in order to fulfill our corporate responsibilities with regard to global warming.
3. We will strive to find substitutes for ozone destroying substances in order to protect the ozone layer.
4. We will manage chemical substances properly and use abolition of harmful chemical substances including not using it for our products.
5. We will establish an environmental management system and strive to observe in company regulations that are stricter than public laws.
6. We will positively participate in social activities relating to the environment.

MITSUBA Environment Vision 2046

MITSUBA Group established the “Mitsuba Environmental Vision 2046” in May 2017 as a unified long-term goal for the entire Group. This vision is a long-term goal to “realize a plentiful and safe environment” as stated in the “Environmental Declaration.” We have set 2046, which is the 100th anniversary of MITSUBA’s founding, as the target year for “improving corporate value” through reduction of CO2 emissions and resource consumption, and for “protecting the natural environment” by seeking zero environmental pollution risk.

MITSUBA Group Carbon Neutral Policy

MITSUBA Group has further developed the reduction of CO2 emissions in the “MITSUBA Environmental Vision 2046” and established the “MITSUBA Carbon Neutral Policy” in June 2022.

In order to contribute to the realization of a carbon neutral society,
MITSUBA Group aims to achieve carbon neutrality from a life cycle perspective.

2050
Long-term goal: Aiming to achieve carbon neutrality for the entire lifecycle by 2050
2030
Medium-term goal: Reduce Scope 1 and 2 by 50% by 2030
2024
FY2024 target: Reduce Scope 1 and 2 by 9% through self-help initiatives by 2024

Environmental Management

Promotion System

At MITSUBA, we operate an environmental management system centered on the “EMS Committee” and work on environmental conservation activities. Once a year, a review is conducted by the Executive Vice President, who is the Chief Environmental Officer, to confirm the effectiveness and appropriateness of our initiatives. Decisions on matters that have a significant impact on management are made at the “ESG Committee.”

Acquisition ISO14001 Certification

The MITSUBA Group has established the “Mitsuba Group Environmental Manual” and an environmental management system for the entire Group. As of the end of March 2023, a total of 24 companies (98% of sales), 7 domestic and 17 overseas, including MITSUBA Group companies which consist mainly of production sites, have acquired ISO 14001 certification, the international standard for environmental management systems. Each Group company reports on the results of its environmental management activities twice a year, and MITSUBA conducts on-site Group environmental audits to evaluate the effectiveness of the results.

Moreover, we have published the "Mitsuba Group Green Purchasing Guidelines" and are encouraging our business partners to acquire ISO14001 and other certifications, as we work to preserve the environment throughout our supply chain.

ISO14001 External Audit

Environmental Education

Restoring a polluted natural environment to a healthy condition takes a lot of time and money. For this reason, we are conducting basic education through e-learning for MITSUBA Group employees in Japan so that they can develop a sense of ownership in environmental conservation. In addition, we are working to comply with laws and regulations and prevent risks through stratified education and site / workplace-specific environmental education.

Environmental Education

Environmental Visit Audit

MITSUBA conducts an internal environmental audit every year to confirm that the PDCA cycle of the environmental management system is functioning properly and effectively. For audits, we set priority audit items in consideration of past audit results, environmental needs, and changes in issues.
Moreover, we conduct "environmental visit audits" at each group company to confirm the effectiveness and appropriateness of our environmental management system.

Environmental Target and Result

MITSUBA Group has incorporated the identified materiality into the “Midterm Environmental Management Policy” and is working to reduce CO2 emissions and strengthen the environmental management system. Group CO2 emissions were significantly reduced by 12% compared to FY2018 by actively promoting the activities of the Carbon Neutrality Committee.

12th Midterm Environmental Management Policy: “Promotion of ESG that Meets the Expectations of Stakeholders”
Key initiatives FY2022 FY2023
Goal Actual Evaluation Goal
To reduce CO2 emissions Group-wide CO2 emissions: Compared to FY`2018 6.0% Planning and promotion measures
3.0% Planning and promotion of reduction measures 5.3% Reduction plan completed (Reduction results: 12% achieved)
To save sustainable resource Waste recycling rate: 90% or higher 94.7% 90% or higher
Group-wide water consumption: Maintain Can be maintained Maintain
To reduce risk by operating EMS Zero serious violations No serious environmental pollution, accidents, or violation of laws Zero serious violations
To strengthen the substance of concern (SOC) management system Evaluation of management system according to industry standards: 3.5 points or higher 3.2 points 3.5 points or higher
To contribute to biodiversity Implementation rate of environmental volunteer activities: 100% 100% 100%

Evaluation criteria (○: 100%, △: 80% or higher, lower than 100%)

Response to Climate Change

Contributing to the Realization of Carbon Neutrality

MITSUBA Group has steadily reduced CO2 emissions within the Group until today. However, in order to contribute to the realization of carbon neutrality, it is necessary to work on assessing and reducing CO2 emissions that are directly and indirectly emitted through business activities. The reduction must be made from the perspective of the product life cycle and implemented throughout the entire supply chain. In FY 2021, we established the “Carbon Neutral Committee” with our president serving as the chairperson. Immediately under this committee, we have established promotion committees that are divided into the areas of Development, Production Engineering, Production, and Supply Chain Management. The committee is taking on the challenge of expanding from conventional CO2 reduction within our Group to realizing reduction throughout the entire supply chain. This includes all stages from materials purchasing to the usage of products as well as shipping of products and parts.

Carbon Neutral Committee

Understanding and Reducing CO2 Emissions from a Lifecycle Perspective

In order to achieve carbon neutrality, it is necessary to reduce CO2 emissions throughout the entire supply chain by expanding the scope of initiatives from materials purchasing to transportation of products and parts, as well as the usage and disposal of products. Moreover, the visualization of CO2 emissions per product and the provision of this information to the most upstream (development function) can be expected to lead to further improvements in environment-conscious design and material selection.

Carbon Neutral Awareness

Carbon neutrality education (Akagi Plant)

Achieving the “MITSUBA Group Carbon Neutral Policy” requires the cooperation of all employees within the Group. We are also striving to raise awareness by creating a dedicated in-house homepage, creating educational videos, and showcasing features in in-house newsletters.

Initiatives to Reduce Greenhouse Gas (CO2) Emissions

Toward the goal of reducing Scope 1 and 2 (Group CO2 emissions) by 50% in 2030 compared to FY2018, we are developing a reduction plan and roadmap, taking on the challenge of realizing highly efficient production and advancing our production capabilities, and introducing renewable energy.

In FY2022, we were able to reduce CO2 emissions and suppress soaring energy costs by steadily implementing measures equivalent to 5.3% of the 3% annual reduction target. We are also actively promoting the use of renewable energy. Our solar power generation system generated a total of 2,640 MWh. We will continue to promote the use of renewable energy suitable for each region.

Initiatives for Specific Reduction

Identification of countermeasures with air leak visualization tools

Specific examples of CO2 emissions include the reliable reduction of energy loss using air leak visualization tools, the visualization of bottleneck processes, and the planned replacement of energy equipment such as air equipment and compressors with high-efficiency device, resulting in significant reductions in electric power and kerosene consumption. Moreover, we compiled the progress of efforts to achieve our goals and examples of effective measures as carbon neutral topics, which are regularly distributed within the Group.

Resource Recycling

Initiatives to Conserve Resources and Reduce Waste

In order to promote the formation of a recycling-oriented society and the effective use of limited resources, the MITSUBA Group is promoting improvement activities to improve the yield of raw and auxiliary materials, and technological development such as downsizing production equipment. In addition, in order to promote recycling of plastic resources, we aim to reduce the amount of runner waste in the resin molding process to zero by 2040. By systematically promoting global processing improvements, we will be more proactive in reducing industrial waste, etc. from products that use plastic.

MITSUBA will promote activities aimed at forming a “recycling-oriented society” by pursuing the efficient use and recycling of resources from the perspective of the life cycle.

Initiatives to Reduce Water Consumption

MITSUBA Group periodically monitors the pollution status of water discharged from our business activities. The water which we use in our production processes is purified in an advanced wastewater treatment facility and then discharged into rivers. For wastewater that cannot be purified at wastewater treatment facilities, we strive to protect the marine environment by properly disposing of that wastewater as industrial waste.

In order to accommodate the expansion of its production facilities in 2018, Higashi Nihon Die Casting Industry Co., Ltd. installed additional UF membrane treatment equipment and biological treatment equipment in its existing wastewater treatment facilities to provide more stable decontamination treatment than ever before. Moreover, at our sites in Asia, which have a large water-related impact, we are actively working to effectively utilize water resources and reduce consumption by collecting rainwater. MITSUBA India Pvt. Ltd. has introduced a recycling-oriented wastewater treatment system to reuse wastewater from the surface treatment process, making effective use of limited water resources.

Higashi Nihon Die Casting Industry Co., Ltd.
wastewater treatment equipment

Environmental Risk Reduction

Environmental Governance

MITSUBA also confirms the status of compliance with environmental laws and regulations at overseas Group companies by visiting and directly checking the sites to understand the daily operation and provide guidance. Moreover, in order to prevent violations of the law, we directly check and provide guidance on regulations, work processes, equipment, and facilities related to the labeling, storage, handling, and transportation of hazardous materials, as well as the proper disposal of waste.

Air Pollution Control In order to control dust and other emissions from the plant, dust collectors and scrubbers are installed, and exhaust gas is measured at least twice a year and monitored continuously.
Water Pollution Control In order to control polluted water from flowing out of the plant, wastewater treatment equipment and oil-water separation tanks have been installed, and in addition to thorough daily management, measurements are taken once a month to twice a year for continuous monitoring. Moreover, on-site trainings are conducted once a year in accordance with our response procedures when accidental outflow occurs.
Response to Noise Regarding noise, measures are taken to reduce noise, such as installing soundproof walls in some areas, and noise is measured twice a year and monitored continuously.
Conservation of Soil and Groundwater MITSUBA R&D Center, where the soil contamination due to hexavalent chromium was found, has been reported to the government and initiatives are being made to take appropriate measures. Hexavalent chromium and cyanide concentrations in groundwater are measured once a year, but they have not been detected since 2018.

Recurrence Prevention in the Event of Environmental Non-compliance

MITSUBA Group promptly reports to the Chief Environmental Officer (MITSUBA Headquarters) in the event of an environmental non-compliance, and after taking emergency measures at the site where it occurred, the cause is investigated, and corrective measures are implemented.
The Chief Environmental Officer evaluates the effectiveness of the implemented corrective measures and instructs other group companies to horizontally implement corrective measures for all similar risks. Furthermore, in FY2022, there were no major violations of environmental laws or other non-compliance regarding the MITSUBA Group.

Management of Substance of Concern (SOC)

The MITSUBA Group, in its Mitsuba Environmental Declaration, states that it will "strive to reduce and properly dispose of pollutants," and is actively working to properly manage chemical substances and abolish the use of hazardous chemicals, including their use in products, in response to the laws and regulations of each country and region, and the European ELV Directive (*1) and the European REACH regulation (*2).

Management System

MITSUBA has established the SOC Committee as a system to monitor environmental laws and regulations, customer requirements, and industry trends related to its products, and to formulate and promote a Group switching policy to reduce or phase out hazardous substances in products to comply with regulations.
Moreover, MITSUBA has established a global system to grasp the content of SOC in products and to promptly submit various data such as IMDS (*3) and JAPIA sheets (*4) when requested by customers. In order to comply with product regulations, MITSUBA has strictly controlled each stage of development, production, and logistics, but the cooperation of our business partners is essential. MITSUBA also requires its business partners to thoroughly manage their products based on the “Mitsuba Regulated Chemical Substances List” and the “Group Green Purchasing Guidelines”, which include the industry standard (GADSL *5) and the customer's own requirements.

(*1) European ELV Directive: Directive to reduce the environmental impact of end-of-life vehicles, stipulating restrictions on the use of lead, mercury, cadmium, hexavalent chromium, etc.
(*2) European REACH Regulation: Regulation on the registration, evaluation, authorization, and restriction of chemicals for the protection of human health and the environment.
(*3) IMDS: Online system for investigating chemical substances contained in parts and materials of automobiles, etc., and confirming compliance with the regulations of finished vehicles.
(*4) JAPIA sheet: Format created by JAMA (Japan Automobile Manufacturers Association) and JAPIA (Japan Automobile Parts Industries Association) to register material components contained in products.
(*5) GADSL: List of prohibited and declared substances agreed upon by European, American, and Japanese automobile manufacturers.

Strengthening of Management System (Education)

At MITSUBA, we plan and implement general and specialized education for development, sales, purchasing, and quality departments in order to further strengthen our management system for SOC. We also distribute educational videos to personnel at overseas Group sites.
Through this education, responding to SOC becomes a personal responsibility, and we are accelerating our efforts to be more proactive in achieving the Group switching policy.

Biodiversity

Growing golden orchid,
the endangered II through forest maintenance

The “MITSUBA Environment Vision 2046”, states that MITSUBA Group will actively contribute to the conservation of the natural environment in order to protect abundant nature. Growing lush forests preserves flora and fauna, the natural environment, and the living environment. It also contributes to the conservation of ecosystems and biodiversity. Each of our group companies checks the surrounding natural environment and actively carries out forest maintenance, tree planting, and environmental beautification activities. MITSUBA recognizes the impact of our business activities on biodiversity, and we will continue to monitor and evaluate the wastewater from our sites so that it does not affect the ecosystem.

As part of forest maintenance activities that are continually held through agreements with local governments and landowners, we have been reduced in scale to prevent the spread of the new coronavirus, but we are still continuing such activities. Moreover, we have confirmed the growth of the “golden orchid”, the endangered category II (Vulnerable).

Information Disclosure Based on TCFD Recommendations

Basic Concept

Under the corporate philosophy of “Together with those who support it, MITSUBA will provide pleasure and peace of mind to the people of the world by creating technology in harmony with society and the environment”, MITSUBA Group has developed, manufactured, and sold a large number of in-vehicle electrical components, along with the development of a mobility society, and has provided joy and peace of mind to people around the world. Based on this philosophy, MITSUBA has formulated " MITSUBA Vision 2030" (Drive Things, Inspire Minds), and aims to be a corporate group that contributes to the realization of a carbon-neutral society through optimal solutions for electrification and continues to grow together with others. We have conducted an analysis based on the TFCD recommendations because MITSUBA believes that in order for the group to develop sustainably into the future, it will be necessary to further promote management that incorporates the perspective of climate change, and therefore conducted an analysis based on the TCFD recommendations. Furthermore, in November 2023, we declared our support for the recommendations of the TCFD(*1), as well as joined the TCFD Consortium(*2).

Going forward, we will continue to be aware of the business environment surrounding Mitsuba and group companies, deepen the analysis of risks and opportunities, utilize such analysis in the management strategies, and further promote measures to realize a carbon-neutral society.

*1 : TCFD is the Task Force on Climate-related Financial Disclosures, which was established by the Financial Stability Board at the request of the G20. The TCFD published its final report in June 2017, recommending that companies and others disclose the items related to climate change-related risks and opportunities.

*2 : Established on May 27, 2019, the consortium serves as a venue for discussions on initiatives connecting companies’ effective disclosures and disclosed information to the appropriate investment decisions of financial institutions and other organizations. Japan’s Ministry of Economy, Trade and Industry, Financial Services Agency, and Ministry of the Environment participate as observers.

Governance and Risk Management

At MITSUBA group, the ESG Committee (chaired by the Representative Director, Executive Vice President), which is a business execution committee for CSR, sets social issues that the group should particularly focus on solving as priority issues, clarifies targets, and monitors progress four times a year. The matters discussed at the ESG Committee are reported to the Management meeting twice a year, and to the Board of Directors as necessary.

Regarding risk management, MITSUBA group regularly (once a year) identifies company-wide business risks, including climate change, at the ESG Committee and evaluates them based on frequency of occurrence and various degrees of impact. Furthermore, MITSUBA has established committees under the ESG Committee to resolve issues in each area.

In response to climate change, MITSUBA has established the Carbon Neutrality Committee (Chairperson: Representative Director, President) in FY2021 to establish the Mitsuba Group Carbon Neutrality Policy, and monitor CO2 emissions per product throughout its life cycle, and strive to understand and reduce total CO2 emissions throughout the supply chain.

Regarding environmental management, the EMS committee plays a central role in implementing environmental management and environmental conservation activities. Once a year, a review is conducted by the Executive Vice president and Executive Officer, who is the general environmental manager for the entire company, confirming the effectiveness and appropriateness of initiatives, and resolutions are made at the ESG Committee for projects that have a significant impact on management.

Regarding BCM (Business Continuity Management), MITSUBA has established an appropriate management system centered on the BCP Committee to fulfill the company's product supply obligations.

Sustainability promotion system

Strategy

● Preconditions for scenario analysis

The TCFD recommendations set multiple climate change scenarios, analyze the actual and potential impacts of climate-related risks and opportunities on an organization's businesses, strategies, and financial plans, and provide countermeasures for each scenario to encourage demonstrating the resilience of their strategies. Mitsuba and group companies conducted an analysis presuming two scenarios as shown in the table below. The overview of each scenario and world view, as well as reference scenarios are as follows.

Preconditions for scenario analysis
Name 1.5℃ / 2℃ scenario 4℃ scenario
Overview of the scenario • A scenario in which temperature increase is limited to 1.5℃ / 2℃ above pre-industrial levels due to an accelerated transition towards a carbon-neutral society.
• Mainly the risk of transitioning to a carbon-neutral society emerges
• A scenario in which global warming progresses and temperatures increase by 4℃ above pre-industrial levels if no measures are taken to achieve a carbon-neutral society that exceeds the current level.
• Mainly the physical risk due to climate change
Overview of the world view • Due to changes in policies, laws, and regulations aimed at transitioning to a carbon-neutral society, such as the introduction of carbon tax and the expansion of renewable energy, the response costs and additional investments from companies will increase.
• Electrification of the automobile and motorcycle markets is progressing rapidly, and customer preferences regarding mobility are also changing.
• The introduction of policies, laws, and regulations aimed at transitioning to a carbon-neutral society is limited.
• Electrification of the automobile and motorcycle markets progressing to a certain extent, but progress is limited.
• As climate change progresses, changes in climate patterns and the intensification and frequency of abnormal weather conditions impact operations, increasing the importance of supply chain risk management and BCP reviews.
Main reference scenario • IEA World Energy Outlook 2022, Announced Pledges Scenario (APS), Net Zero Emissions by 2050 Scenario (NZE)
• IPCC Sixth Assessment Report SSP1-2.6
• IEA World Energy Outlook 2022, Stated Policies Scenario (STEPS)
• IPCC Sixth Assessment Report SSP5-8.5
● Identification of risks and opportunities, and assessment of impact

Based on the above scenario and taking into consideration the scenario analysis of the automobile industry and the recognition of the business environment in Mitsuba’s medium-term management plan (FY 2023 - 2027), we have identified and assessed the impact of the Mitsuba and group companies' anticipated climate change-related risks and opportunities, summarized in the table below. Among the identified risks and opportunities, the important items for Mitsuba and group companies are “Policies, laws, and regulations for transitioning to a carbon-neutral society (carbon pricing and energy)”, “Electrification of the automobile and motorcycle markets”, “Progress”, and “Physical risks such as abnormal weather conditions”, and below is a summary of those items.

Identification of risks and opportunities, and assessment of impact related to climate change
Important items Risks Time axis Impact Opportunities Time axis Impact Mainly relevant scenario
Policies and
regulations for the
transition to a
carbon-neutral society
Carbon
pricing
Increase in costs due to introduction of carbon tax / carbon border tax Short term to Long term Large Reduction of business operation costs by switching to energy-efficient production equipment
Reduction of business operation costs by streamlining production and logistics
Short term to Long term Medium 1.5℃ / 2℃
Increase in purchasing and response costs due to increasing demands for CO2 reduction throughout the supply chain Short term to Long term Large
Energy Increase in energy costs due to expansion of renewable energy in each country Short term to Long term Large
Increase in response costs and additional investments due to development and introduction of energy-saving and renewable energy equipment, etc. Short term to Long term Large
Progress in
electrification in the
automobile and
motorcycle markets
(technology, market, reputation)
Decrease in ICE unit sales due to strengthening of fuel efficiency, ZEV regulations, etc., and decrease in product demand for ICEs Short term to Long term Large Contribution to the reduction of vehicle weight, engine load, etc., to improve fuel efficiency and reduce CO2 emissions of ICEs Short term to Medium term Large 1.5℃ / 2℃
Decrease in sales due to inability to respond to changes in OEMs and consumers due to advances in CASE such as electrification Short term to Long term Large Increase in electrification products aimed at providing value to users
Improvement of added value products through electronic control of motors in line with the progresses of CASE
Short term to Long term Large 1.5℃ /2℃
Large Expansion of new products that are lighter and more energy efficient due to carbon neutrality Long term Large 1.5℃ / 2℃
Decline in preference and brand image from stakeholders such as investors, employees, and customers due to delays in response to a carbon-neutral society Short term to Long term Medium Expansion of support among ESG investors, acquisition of talented human resources, and maintenance along with expansion of the
customer base through effective stakeholder communication regarding contributions to carbon neutrality
Short term to Long term Medium 1.5℃ / 2℃
Physical risks such as
abnormal weather conditions
Damage to the head office / production sites and impact on operations due to abnormal weather conditions (heavy rain, flooding, etc.) Long term Large Gaining of customer trust by ensuring stable supply in times of disasters Long term Medium 4℃
Increase in response costs due to stoppages in the supply chain caused by abnormal weather conditions, including stoppages in production and sales,
decline in sales, alternative purchasing of raw materials and parts, and the spread of a global pandemic caused by abnormal weather conditions
Long term Large

*Target for analysis: Mitsuba’s own domestic transportation equipment-related business, and Mitsuba affiliates’ overseas transportation equipment-related business (mainly in China and other Asian countries)
*Time axis: Short term -> until 2027 (period of Mitsuba and group companies’ "Medium-term Management Plan (2023 - 2027)"), Medium term -> until 2030, Long term -> until 2050
*Impact: Composed of three levels (large, medium, and small) considering the overall impact on the business of Mitsuba and group companies

● Countermeasure

For MITSUBA and group companies, we recognize that the “Development of electrification in the automobile and motorcycle markets” in particular has a significant impact on our business in terms of both risks and opportunities. In the short to medium term, our policy for responding to these risks and opportunities is to steadily respond to the needs for improved fuel efficiency and reduced CO2 emissions of ICEs, which will be important during the transition period to electrification, and to withstand changes in the business environment. In addition to strengthening our financial base, we will actively invest in the development of new products for electric vehicles and implement sales expansion strategies such as customer diversification. In the long term, we will promote initiatives such as developing the product portfolio for electric vehicles into the core of sales and profits.

Regarding “Policies, laws, and regulations for the transition to a carbon-neutral society (carbon pricing and energy)” and "Physical risks such as abnormal weather conditions”, we are taking actions in consideration of the entire supply chain, as shown in the table below.

Countermeasures
Important items Countermeasures
Policies and
regulations for the
transition to a
carbon-neutral society
Carbon
pricing
[Reduction of CO2 emissions throughout the supply chain]
• Continue planned updates to energy-saving equipment.
• Continue improvement activities that go back to the start, from the stages of production equipment manufacturing and process design, such as electrification of equipment, reduction of heating processes, and utilization of recycled materials.
• Continue to actively promote the use of renewable energy (solar power generation, etc.).
• Expand the Environmental Management System (EMS) to the entire supply chain including suppliers.
• Promote initiatives across the entire supply chain management, including investigating CO2 emissions from suppliers and identifying reduction measures, as well as investigating and reducing CO2 emissions related to transportation between Group sites.
Energy
Development of
electrification in
the automobile and
motorcycle markets
[Response to the needs for improved fuel efficiency and reduced CO2 emissions of ICEs, which will be important during the transition period to electrification]
• In the short to medium term, we will steadily respond to the needs for improved fuel efficiency and reduced CO2 emissions in automobile and motorcycle ICEs, support the transition process to a carbon-neutral society that varies by region,
and strengthen our financial base by making our products highly profitable (“Automobile: Heat management system, chassis system (circulatory system, etc.)”, “Motorcycle: Engine auxiliary system”, etc.) with growth potential).
• In the motorcycle business, we are contributing to product needs for high-concentration ethanol vehicles and FFM vehicles (flexible fuel motorcycles), which are expected to be a precursor to ZEVs.

[Development in sales expansion of new fields and new products in response to the progress of electrification]
• Contribute to the growing demand for motors through stable supply as the need for electronic control increases.
• Cultivate new markets by customizing existing product groups that do not rely on drive systems, which account for most of our business portfolio, for use in automotive and motorcycle electric vehicles.
• Accelerate the development and sales of high value-added products compatible with electrification, such as products for automotive electric vehicles (thermal management/ADAS/autonomous driving) through the electrification solutions business.
• Develop new EV/OEM markets in China and India.
• Products and services related to next-generation mobility compatible with MaaS.
Physical risks
such as abnormal
weather conditions
[Improvement of disaster countermeasures throughout the supply chain]
• Building and implementation of BCP (Business Continuity Plan) and BCM (Business Continuity Management)
• Capital investment in preparation for physical risks such as abnormal weather conditions (damage to head office and production sites, impact on operations, disruption of supply chains, etc.)
• Strengthening of the supply chain management
• Further promotion of health management measures such as employee health management and infectious disease prevention in response to pandemics caused by abnormal weather conditions.

Indicators and Targets

Based on the “MITSUBA Group Carbon Neutral Policy” (Figure 2), we aim to reduce CO2 emissions Scope 1 and Scope 2 by 50% compared to 2018 by 2030, and to achieve carbon neutrality throughout the entire life cycle by 2050.

The CO2 emissions results for the MITSUBA and group companies in FY2022 are 11,163t- CO2 in Scope 1, 136,214t- CO2 in Scope 2, and 1,074,241t- CO2 in Scope 3. We will disclose this every year using the MITSUBA Group Sustainability Report.

MITSUBA Group Carbon Neutral Policy

In order to contribute to the realization of a carbon neutral society,
MITSUBA Group aims to achieve carbon neutrality from a life cycle perspective.

2050
Long-term goal: Aiming to achieve carbon neutrality for the entire lifecycle
2030
Medium-term goal: Reduce Scope 1 and 2 by 50% by 2030
2024
FY2024 target: Reduce Scope 1 and 2 by 9% through self-help initiatives by 2024

Related Information

TCFD Report
(PDF : 326KB/11P)