Climate Change and Problems with Plastic
Plastics are a material that brings convenience to our lives and have also helped solve challenges in society by, for example, reducing food loss and improving energy efficiency thanks to its advanced functionality. At the same time, its impact on climate change is considerable because the manufacturing of plastic requires the use of fossil resources and energy, which emits large volumes of GHGs. Moreover, marine plastic waste has also become a major problem in recent times.
As a chemical company whose products and services are mainly based on plastics, the Mitsui Chemicals Group is keenly aware that climate change and the problems pertaining to plastic pollution are serious issues for society that must be earnestly addressed. To resolve these issues, a transition is needed from a so-called one-way economy of consuming resources and disposing of products to a circular economy whereby resources are collected and products are recycled and reused. To that end, we believe an integrated approach is key to addressing climate change and the problems with plastic together. We intend to introduce an LCA perspective and work towards realizing a circular economy from both angles.
System and Responsible Officers
The director in charge of the Corporate Sustainability Committee is the responsible officer.
The Corporate Sustainability Committee is responsible for deliberation on policy, strategy, planning, and countermeasures concerning climate change and plastic waste. The deliberation results are then reported to the Management Committee. The agendas are then, as necessary, discussed and deliberated also by the Group-wide Strategy Committee meetings and the Management Committee. The Board of Directors then finalizes the agendas and monitors them. The Corporate Sustainability Committee has formed subcommittees dedicated to climate change and plastic issues to discuss concrete actions.
Through the above governance system, we are supporting the recommendations made by the Task Force on Climate-related Financial Disclosures (TCFD), adopting the Climate Change Policy and a plastics strategy, and are participating in the Alliance to End Plastic Waste (AEPW).