Mitsui & Co.’s Materiality
Enhance quality of life
Contribute to the betterment of living standards and the development of local industries to realize sustainable societies globally.
Recognition of Societal Issues
- Infrastructure development in developing and emerging countries
- Aging infrastructure in developed countries
- Health maintenance, provision of healthcare, nursing, and welfare services
- Consideration for indigenous peoples in relation to resource development and other activities
- Expanding responsibility and increasing importance of consideration for human rights in supply chains (e.g., labor practices and impact on local communities)
- Contribute to community revitalization
Major Risks and Opportunities
Risks
- Reputational damage resulting from safety and health problems affecting infrastructure users
- Decline in competitiveness due to the diversification of information dissemination methods and fund procurement means
- Decline in service standards and other issues due to a shortage of healthcare personnel
- Reputational damage resulting from human rights violations and environmental loads in supply chains
Opportunities
- Development of sustainable infrastructure for improvement of living standards in developing and emerging countries
- Changes in disease structure due to population growth/economic development and increase in healthcare needs due to aging
- Creation of markets by promoting ICT-based business to build urban social infrastructure in response to the move toward developing smart cities
- Market expansion by meeting diversifying consumer needs
- Improvement of value and reliability across entire value chains through consideration for the environment, human rights, labor, and local communities in the entire supply chain
Materiality Action Plans
Please scroll horizontally to look at table below.
SDGs targets(s) |
Segment | Business unit | Business field | Response to issues | Target (assuming a date by 2030) |
Actions and performance indices for achieving the target |
Current status/progress |
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Mineral & Metal Resources | Mineral & Metal Resources | Mineral and metal resources business development | We will contribute to the stabilization and development of local economies through sustainable resource development that takes local communities into consideration. | Cooperate with our project partners and the local communities, contribute to the development of national and local economies. | Conduct sustainable development by monitoring legal systems and continuing dialogue with project partners and local communities. | We are continuing dialogue with local governments, project partners and local communities. |
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Energy | Energy I, Energy II | Energy development | We will contribute to regional economic development through the promotion of our development projects. | Through collaboration with local governments and communities, contribute to the development of national and regional economies associated with our development projects. | Develop new regional infrastructure, create communities, and create local employment. | We are working on infrastructure development based on the demands and potential needs of each country/region, and the creation of communities. |
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Energy | Energy I, Energy II | Energy supply | Through the supply of relatively clean and competitive energy (gas, LNG), we will assist in the development of local economies and gradual energy transitions. | Supply energy that supports the sustainable economic development of each country. | Provide stable LNG supply, and supply and demand adjustment functions by strengthening portfolio and logistics functions. | We are working to expand our portfolio to strengthen our supply system of LNG, which has a relatively low environmental impact, to contribute to energy transitions around the world. |
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Machinery & Infrastructure | Infrastructure Projects | Centralized renewable energy/ distributed power generation | We will contribute to improve living standards in developing and emerging countries through our efforts in the distributed power generation business. | Provide sustainable and clean power generation centered on solar power in India and sub-Saharan Africa's non-electrified areas. Particularly in India, aim to supply electricity to 1.2 million people through OMC Power, and to expand to Africa and other countries. | Build a sustainable mini-grid business business model centered on India and OMC Power. | OMC Power is a leader in the distributed mini-grid business in India. In rural areas of India, where power supply is unstable, OMC Power combines solar power generation and storage batteries to provide stable, environmentally friendly, locally produced and consumed power to cell phone base stations, stores, and local communities. |
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Machinery & Infrastructure | Infrastructure Projects | General power/new areas/services | We will work on infrastructure to solve social problems such as food supply, financial services, health promotion, population growth, urbanization, and digitization. |
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Machinery & Infrastructure | Mobility I | Transportation infrastructure | We will contribute to the sustainable growth of emerging countries through the development and expansion of transportation and infrastructure for daily life. | Contribute to the sustainable growth of emerging countries through local employment and improvement of local living standards after completion of construction accompanying our transportation infrastructure operations. | Promote projects through dialogue and harmony with local communities. Strengthen supply chain management when ordering project materials and equipment. |
We are working on a subway development project aimed at alleviating serious traffic congestion in Jakarta (the capital city) due to rapid economic growth in Indonesia, and are developing core infrastructure that will lead to an improvement in the investment environment. |
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Machinery & Infrastructure | Mobility II | Shipping | We will provide high-quality, environmentally friendly, competitive ships and services to meet the ever-expanding demand for marine transportation as the world economy grows. | Use DX to select the optimal shipping routes to save fuel and use new technologies such as new kinds of fuels to help reduce the environmental burden of shipping and enable sustainable growth of maritime industries. | Increase our efforts with global partners in each area of the world (shipyards, shipowners, shipowners). Showcase initiatives for utilizing the technological capabilities of Japanese manufacturers. | With emission reduction in the shipping industry becoming a global issue, in April 2021 we became a strategic partner of the Maersk Mc-Kinney Moller Center for Zero Carbon Shipping (MMMCZCS), a not-for-profit international research and development center dedicated to the decarbonization of the shipping industry. |
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Machinery & Infrastructure | Mobility II | Railways | We will promote our environmentally friendly railway transportation business, which serves as a major logistics artery in Europe and the Americas. | European environmental policy in the railway field promotes the shift from trucks to railways, promotion of electrification, promotion of regional integration, etc. The policy is to increase the railway modal share from 18% in 2020 to 30% by 2030. By offering electric locomotives and maintenance services that will play a part in this policy, we help to reduce the environmental burden. |
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Mitsui Rail Capital Europe (MRCE), a subsidiary of Mitsui & Co., Ltd., which is the largest company in the European locomotive leasing industry, is working to reduce the environmental burden through the use of electric locomotives. |
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Chemicals | Basic Materials | Performance monomer | We will contribute to improve the world's QOL by demonstrating our material design capabilities. | Establish new businesses and new business groups in the specialty chemical field, as one part of the growth driver of our Basic Materials Business Unit. | Promote business strategies and manage milestones for materials-related businesses such as high-performance resin raw materials and coatings, as well as cosmetics and pharmaceutical raw materials. | We are expanding our business development in each area by leveraging our deepening partnerships with Honshu Chemical Industry and Kansai Paint. |
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Chemicals | Performance Materials | Consumer products business | Through our consumer products business (personal care products, hygiene products, cosmetics, etc.) we will improve quality of life. | Procure products and raw materials based on consumer needs. Conduct development and marketing in this field. | Develop products utilizing unique Japanese technologies and execute overseas activities with deep market analysis and digital marketing approach. |
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Chemicals | Nutrition & Agriculture | Wellness business | We will respond to the increasing added value of food and health needs as the middle class grows and the population ages through science. | Establish a business base that responds to wellness, mainly in Japan and Asia. |
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Iron & Steel Products | Iron & Steel Products | General infrastructure maintenance | We will contribute to lengthen the service life of existing infrastructure. | In collaboration with partners who possess high technological abilities, contribute to spread the preventive maintenance business that uses Japan's excellent maintenance technology throughout the world, to build environmentally friendly infrastructure. | Expand services, products, and areas provided for in the general infrastructure maintenance business. | We are currently promoting our maintenance business in Thailand together with Sho-Bond Corporation, a general infrastructure maintenance company. We will extend the life of infrastructure through preventive maintenance such as repair and reinforcement. |
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Iron & Steel Products | Iron & Steel Products | Structural steel production | We will contribute to the construction of environmentally friendly infrastructure in emerging markets. | Create a recycling network through the recycling and production of environmentally friendly materials. | Use new sources of energy, set up production and supply systems that have a low environmental burden, and expand the supply areas in Asia for products that are environmentally friendly. | As an initiative in the electric furnace business that can reuse iron scrap to produce steel, we have invested (20% ownership) in Thai electric arc furnace steel manufacturer/Siam Yamato Steel. |
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Lifestyle | Food | Trading | We will further strengthen our efforts to eradicate child labor and respect human rights in our supply chains. |
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Report the completion of sending the policy to all suppliers of our business units and consolidated subsidiaries and disclose monitoring implementation status. | We have sent the policy to all suppliers of our business unit and consolidated subsidiaries. In addition, some suppliers have been sent questionnaires and the responses have been collected. |
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Lifestyle | Retail | Fashion/textiles | We will carefully consider the environment and human rights throughout the business value chain in this area, and are improve the value and reliability of the entire value chain. | Disseminate our Sustainable Supply Chain Policy and raise awareness for the environment and human rights in our business supply chain. |
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Our Sustainable Supply Chain Policy has been sent to all suppliers and been made known. |
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Lifestyle | Wellness | Hospital/clinic business | To meet the rapidly increasing demand for medical care in Asia against a backdrop of population growth, expansion of middle-income group, aging population, changes in disease patterns, etc., we will strive to improve people's health through improved access to medical care. By achieving value-based healthcare (*1), we will contribute to the sustainable development of the medical system. *1. In value-based healthcare, each stakeholder aims to maximize outcomes and optimize costs to provide high-value medical care to patients. |
Improve access to quality medical care in Asia and achieve Value-Based Healthcare. |
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Innovation & Corporate Development | IT & Communication | IT Service and Cyber Security | We will contribute to the creation of prosperous and safe lifestyles through the utilization of ICT in fields such as DX and cybersecurity. | Expand existing businesses, including realizing DX for customer companies and providing cybersecurity services. | Expand the scale of business and create new businesses. |
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Innovation & Corporate Development | IT & Communication | Healthcare utilizing DX | We will contribute to the creation of prosperous and safe lifestyles through healthcare IT business. | Provide advanced healthcare IT services by expanding current businesses. | Expand the scale of business and create new businesses. |
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Innovation & Corporate Development | Corporate Development | Real Estate asset management | We will provide solutions for longstanding social issues in the U.S., where the aging and nuclearization of society is reaching an advanced stage, through the ownership and operation of senior living properties. | Raise awareness of our senior living properties as an option for U.S. seniors to spend an enriching old age and contribute to build pleasant regional communities. |
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