The Mitsui Chemicals Group will work to secure the sustainable growth and development of society and the Group by positioning ESG concerns at the heart of its sustainability management.
The implementation of initiatives aimed at resolving social challenges including SDGs is accelerating, and demands on the corporate sector are increasing. Against this backdrop, the chemical industry is both a cornerstone platform of society and responsible for driving innovation. As a part of this industry, we are aware of the significant responsibility that we have to help resolve global-scale social challenges.
Working to promote sustainability management from an ESG perspective, the Mitsui Chemicals Group is exploring business opportunities and creating new social value, and recognizing and addressing future risks while fulfilling its social responsibility as a corporate group. Based on this understanding, we will work to secure the sustainable growth and development of society and the Group.
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.
Review and Challenges
The Mitsui Chemicals Group established the Corporate Sustainability Division in April 2018. This reflects the Group’s determination to deepen its management, which to date has revolved largely around the economic, environmental, and social fields, and to position ESG concerns at the heart of its sustainability management. Looking ahead, steps will be taken to incorporate ESG elements in the Group’s management and business strategies, and to improve the disclosure of ESG information to all stakeholders.
Corporate Sustainability Activities
Incorporate ESG elements in the Group’s management and strategies
- Reflect ESG elements in strategic discussions and management at Board of Directors’ and Group-wide Strategy Committee meetings
- Generate opportunities and advance innovation that involve business as well as R&D operations
Improve the disclosure of ESG information
- Increase appeal to customers as well as investment and corporate sustainability rating agencies
- Deepen ESG dialogue