Policy and Basic Approach
The SDGs and other initiatives that aim to solve the challenges faced by society continue to gain momentum worldwide and companies are increasingly being asked to take action. For a sustainable society to be realized, it is essential that companies themselves must achieve growth, but at the same time create social value by providing solutions. To this end, it is now even more important that companies accurately identify opportunities and risks from an ESG perspective and reflect them into management.
In deepening our triple bottom line (economy, environment, and society) management approach and committing to a management that places ESG elements at its core, the Group established the Corporate Sustainability Division in April 2018. We are now working to incorporate ESG elements into management/strategies and improve how we disclose ESG information to our stakeholders.
Please refer here for progress of incorporating ESG elements into management/strategies.
Sustainability in the Mitsui Chemicals Group
In addressing global social challenges highlighted in the SDGs and other initiatives, we aim to achieve sustainable development in society and the Group by implementing the following:
- Seek business opportunities and strive to solve challenges through business activities
- Recognize future risks for the Group and uphold our corporate social responsibility
Incorporation of ESG elements into management/strategies
- Reflect ESG considerations in management and strategy discussions at the Board of Directors, Company-wide Strategy Committee, and Corporate Sustainability Committee meetings
- Generate business involving business and R&D divisions and promote innovation
Improvement of ESG information disclosure
- Boost appeal to institutional investors, customers, and sustainability rating agencies
- Strengthen ESG dialogue
System and Responsible Officers
The person in charge is the responsible director in charge of Corporate Sustainability Committee.
With ESG concerns as a central feature of the Group’s sustainability management, steps are being taking to discuss the Group’s overall direction at various organizations including the Board of Directors and Corporate Sustainability Committee. In addition, the management of progress of environmental and social targets under the 2025 Long-term Business Plan as well as key issues (materiality) are also undertaken within this system.
Sustainability Management System
Corporate Sustainability Committee
The CSR Committee was reorganized as the Corporate Sustainability Committee in June 2018. This reorganization reflects the need to address the demands placed on the Company by society and to further bolster sustainability management initiatives from an ESG perspective. The roles of the committee are presented as follows.
- Deliberate on the Group’s policies, strategies, plans, and measures as they relate to the promotion of ESG
- Clarify the important issues and direction of efforts to strengthen and improve initiatives of each committee (Responsible Care Committee, Risk & Compliance Committee)
- Conduct performance evaluations of the Group’s ESG initiatives and oversee internal distribution of results
- Consider other important matters relating to ESG
In principle, this committee meets twice a year.
Should a critical matter arise, including the need to consider an important item relating to ESG or to put forward an initiative, the Chairperson of the Corporate Sustainability Committee establishes a subcommittee to assume responsibility for the item.
Details of the committee’s deliberations and activity results are reported to the Management Committee. In addition, the Management Committee’s authorization is obtained for matters of particular importance.
Composition of the Corporate Sustainability Committee
|Vice Chair||Responsible director in charge of the Corporate Sustainability Committee|
|Members||Executive officers with specific titles, Business Sector presidents, Center Executive of the R&D Center, Center Executive of the Production & Technology Center, General Manager of the Corporate Planning Division, General Manager of the Human Resources Division, General Manager of the RC & Quality Assurance Division, General Manager of the Corporate Administration & Legal Division, General Manager of the Corporate Communications Division, General Manager of the Corporate Sustainability Division, other members appointed by the Chairperson|
|Secretariat||Corporate Sustainability Division|
*Corporate auditors also attend committee meetings and are able to offer their opinions whenever necessary.
*The chairperson is able to call on the attendance of executive officers and general managers who have an interest in the matters being deliberated and ask for their explanation and opinion.