UN Global Compact
Mitsui Chemicals, Inc. signed up to the UN Global Compact in January 2008. In doing so, Mitsui Chemicals acknowledged its support and commitment to help tackle a wide range of global challenges and to promote sustainable growth as a responsible corporate citizen. Since then, we have participated in subcommittees of the United Nations Global Compact Network Japan in our efforts to collect a variety of information.
The Mitsui Chemicals Group will help resolve many of the challenges confronting the world today through its business activities while taking into consideration the 10 principles espoused under the United Nations Global Compact.
The 10 Principles of the UN Global Compact and Major Initiatives in the Mitsui Chemicals Group
Principle 3 Businesses should uphold the freedom of association and the effective recognition of the right to collective bargaining;
Principle 4 the elimination of all forms of forced and compulsory labour;
Principle 5 the effective abolition of child labour; and
Principle 6 the elimination of discrimination in respect of employment and occupation.
Principle 7 Businesses should support a precautionary approach to environmental challenges;
Principle 8 undertake initiatives to promote greater environmental responsibility; and
Principle 9 encourage the development and diffusion of environmentally friendly technologies.
Task Force on Climate-related Financial Disclosures (TCFD)
Mitsui Chemicals has declared its support for the Task Force on Climate-related Financial Disclosures (TCFD). We endeavor to deepen our insight into opportunities and risks that may impact our businesses and proactively disclose our initiatives.
Joining of the Taskforce on Nature-related Financial Disclosures (TNFD) Forum
In October 2022, Mitsui Chemicals joined the Taskforce on Nature-related Financial Disclosures (hereinafter “TNFD”) Forum. The TNFD Forum is a network of companies and organizations who support the vision and mission of the TNFD, which is an international initiative launched in June 2021 aiming to achieve “nature-positive.” Its goal is to develop a framework from a natural capital and biodiversity perspective to adequately assess and disclose the opportunities and risks that impact businesses. Through participation in the Forum, we aim to deepen our understanding of the TNFD framework and enhance nature-related disclosures.
Alliance to End Plastic Waste (AEPW)
As the founding member, Mitsui Chemicals Inc. joined the Alliance to End Plastic Waste (AEPW), established in January 2019. The Alliance is committed to the goal of investing $1.5 billion over the next five years after its foundation to help reduce plastic waste and create a sustainable society.
ZERO by 40: Agriculture Industry Unites to Help Eradicate Malaria by 2040
At the London Commonwealth Heads of Government Meeting, the Mitsui Chemicals Group and the world’s leading Crop Protection companies jointly announce their commitment to support the research, development and supply of innovative products to save lives and help eradicate malaria by 2040.
The World Economic Forum (WEF)
Mitsui Chemicals joined the World Economic Forum (WEF) in September 2020. The World Economic Forum is an international organization (not-for-profit foundation) for public-private cooperation to improve global issues. Through participation in the WEF, we are striving “to realize a sustainable corporate group with a global presence” by working to address critical global issues together with global leaders.
International Council of Chemical Associations (ICCA) and Chemical Industry Associations in Each Country
The Mitsui Chemicals Group is taking leadership in the International Council of Chemical Associations (ICCA) and Chemical Industry Association in each country*.
Our membership of the International Council of Chemical Associations (ICCA) includes the then Company president, who has continued as a director for the six years since 2014. Since 2016, the Company’s councilor has included the vice-chairperson of the Responsible Care Leadership Group (RC-LG) for four years and the chairman of the Asia-Pacific Responsible Care Organization (APRO). Our employees have also chaired the Joint Capacity Building Task Forces of each Leadership Group for the five years since 2015 and the Energy and Climate Change Leadership Group for the two years since 2018.
Our membership of the Japan Chemical Industry Association (JCIA) includes the general manager of the RC & Quality Assurance Division, who has been a JCIA board member since the 2010 establishment of a Responsible Care Committee and who has also worked as a member of the Chemical Management Committee since 2010.
Moreover, the Japan Initiative for Marine Environment (JaIME) was established by five chemical industry organizations such as JCIA in September 2018. We have been participated in JaIME since then.
*Chemical Industry Association in each country and region:
The Japan Chemical Industry Association (JCIA), the Association of International Chemical Manufacturers (AICM, China), the Taiwan Responsible Care Association (TRCA), the Singapore Chemical Industry Council (SCIC), the Federation of Thai Industries (FTI), the American Chemistry Council (ACC), and the European Chemical Industry Council (CEFIC)
Endorsing the METI's “GX League Basic Concept”
In February 2021, Mitsui Chemicals expressed its support for the GX League Basic Concept, which was announced by the Ministry of Economy, Trade and Industry, or METI. The GX League will be fully launched in April 2023 as a forum for companies actively engaged in Green Transformation (GX) to discuss the transformation of the entire economic and social system and practice initiatives to create new markets, together with players in government, universities, and financial institutions that are tackling challenges to achieve GX. In accordance with our declared commitment to achieve carbon neutrality, we have announced our support for the GX League Basic Concept and are determined to take initiatives and act as a role model in reducing our own carbon emissions, achieving carbon neutrality in the supply chain, and taking market measures through products and services, as required for participating companies, and join the efforts to create markets and make rules suitable for the era of carbon neutrality.