Main

Mitsui & Co.’s Materiality

Materiality Action Plans

Secure sustainable supply of essential products
Enhance quality of life
Create an eco-friendly society
Develop talent leading to value creation
Build an organization with integrity

Secure sustainable supply of essential products

Please scroll horizontally to look at table below.

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
Mineral & Metal Resources	Mineral & Metal Resources	Mineral and metal resources development and recycling	We will contribute to the stable supply of mineral and metal resources that support economic growth, society and industry.	Improve the stable supply system by expanding mineral and metal resources and promoting recycling businesses.	Continue mining business development and improve cost competitiveness. Improve the value chain of recycling businesses.	We have acquired new interests in Western Ridge iron deposits owned by BHP in the Australian iron ore business (BHP 85%, Itochu 8%, Mitsui 7%). We have acquired new interests in Grosvenor Coal Mine owned by Anglo American in the Australian coking coal business. Also, we are working to consolidate the adjacent mining areas and improve productivity (Anglo American 88%, our Company 4.75%, others). We have made additional investment in interests in the Collahuasi copper mine in Chile (a 0.97% additional interest acquisition to bring our holding to 12%).
Energy	Energy I, Energy II	Energy development	We will contribute to the stable supply of sustainable energy.	Build and enhance a stable energy production and supply portfolio that meets the expectations of customers and society.	Maintain, expand and diversify energy supply by developing new projects and enhancing existing projects.	We are promoting new energy development projects to steadily meet the needs of consumers around the world. In December 2020, the final investment decision was made (subject to the necessary government approvals) for the development of Stage 2 of the Waitsia Gas Field in Western Australia.
Machinery & Infrastructure	Infrastructure Projects	Centralized power generation/centralized RE/distributed power generation	We will carry out business operations in consideration to the stable operation and reduction of environmental burdens, and contribute to local communities through sustainable and stable power supply optimized for each country or region.	Complete construction projects and commence commercial operations. Improve operating rate and thermal efficiency. Implement environmental burden reduction measures. Expand our business base as a general energy company that meets diverse customer needs, including environmental and social aspects.	Continue to implement PDCA for progress monitoring of projects under construction and improvement of project quality. Verification/demonstration/practice of environmental burden reduction measures. Develop businesses in new countries/regions. Acquire new projects by improving sales structure, promoting digital marketing, and expanding solutions.	Through 88 electric power projects (Net capacity 11.9GW) in 26 countries around the world, we are working on a stable power supply that supports people's lives (as of June 30, 2022). In FY Mar/2022, Thailand gas-fired power plant projects in which we have invested were in operation following their partial completion.
Machinery & Infrastructure	Infrastructure Projects	Resource infrastructure (onshore/offshore) business	We will fulfill our social mission and social responsibility for the stable supply of resources while fully considering the impact of operations on the environment, and contribute to the sustainable growth of countries and regions.	Improve the supply capacity and efficiency of existing businesses. Complete construction projects and commence commercial operations. Steadily operate by utilizing DX. Reduce environmental burdens.	Continue to implement PDCA to improve efficiency. Implement measures to improve utilization rates and efficiency.	Off the coast of Brazil, about 20% of the total oil and gas production for the country is produced by FPSOs which are jointly owned by MODEC. Going forward, we will continue to strive to acquire new projects in the global deep-sea oil and gas field areas, mainly off the coast of Brazil, and work to maintain and expand our stable supply base.
Machinery & Infrastructure	Infrastructure Projects	Social environment infrastructure business	We will contribute to the expansion of global logistics demand by developing, expanding and steadily operating our logistics bases.	Expand logistics infrastructure and improve efficiency in the world's growing logistics market.	Improve the operating rate and create new added value using DX. Continue to work on improving efficiency, including maintenance.	In our container terminal business in Indonesia, we have maintained the industry's highest level of operational efficiency. We have secured the country's first direct service to the East Coast of North America, and are working to improve global logistics. We are promoting the expansion of DX functions to further improve efficiency, such as a paperless (online) fee payment process and optimization of truck transportation. At the end of 2021, a portion of the container yards under the control of Indonesia's state-owned port operator were made available, and is being utilized to meet growing international logistics demand.
Machinery & Infrastructure	Mobility I	Passenger vehicle sales and leasing	We will respond to growing demand for mobility, resource transportation, and passenger vehicles, where demand is expected to increase (especially in emerging countries).	Expand sales and leasing system through our global network partners. Supply vehicles that contribute to sales volume as well as sustainable growth and a reduction in environmental impact.	Make more extensive efforts with global partners in each area. Sales volume (especially that of environmentally friendly vehicles), number of leases, sales area.	In addition to sales in Chile, Peru, The Philippines, etc., where demand for passenger and transportation vehicles is expanding with economic growth, we have begun a leasing business in Brazil.
Machinery & Infrastructure	Mobility I	Railway freight	We will respond to the increase in transportation demand for grains, steel products, industrial products, etc. in Brazil by developing multi-modal transportation with low environmental impact.	Create and enhance efficient multi-modal transportation in Brazil.	Work with our partner in Brazil to improve the quality and quantity of transportation, such as expanding the range of transportation option, expanding the target cargo, and achieve reliable transportation.	We are considering the use of trucks utilizing IT to achieve efficient multi-modal transportation with low environmental impact.
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.
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.	Phase out diesel locomotives and have only electric ones. Reduce the environmental burden of our locomotives.	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.
Chemicals	Basic Materials	Covering all business areas of the Business Unit (Gas Chemicals Business/Basic Chemicals Business/Performance monomer/Tank Terminal Business)	We will achieve a sustainable society by supporting the steady supply of basic materials and industrial infrastructure.	Solidify the production supply system through capacity expansion in the salt and methanol production businesses and tank terminal business, and expansion of trading by expanding logistics.	Manage milestone of each project and expand trading based on trends in the oil-to-chemicals businesses.	While the frequency of supply chain disruption due to the COVID-19 pandemic is increasing, our trading function has made it possible for us to connect chains and give them some spare capacity. We will continue to maintain and improve our functions and presence.
Chemicals	Chemicals Segment	Compliance	We will build a sustainable supply system in our management of chemical products by maintaining a compliance system and improving quality.	Promote a legal compliance system for hazardous chemical substances, improve quality, give employee training for product safety, and participate in initiatives.	Provide opportunities for employee training and improve product quality. Update, thoroughly understand, notify, and label hazard information and legal information on chemical substances. Expand specialized human resources for chemical substance management.	We have updated legal information related to chemical substance management to protect the global environment through chemical substance management which is an important trade compliance along with security trade control. We regularly conduct training in the laws relating to chemical substance management to all Mitsui & Co. and group companies that handle chemical substances.
Chemicals	Performance Materials	Detergent raw materials, oleochemical business	We will contribute to the stable supplies in the detergent raw materials and oleochemical business areas.	Establish stable supply systems.	Expand manufacturing and stabilize production.	We are supporting detergent raw material production in Thailand and marketing it globally. We are promoting oleochemical production in Malaysia and China.
Chemicals	Nutrition & Agriculture	Agri-science business/Agri-solution business/Agri-innovation business	We will achieve sustainable agricultural production through science.	Achieve a reduction of environmental burden and agricultural productivity improvement by developing and disseminating agricultural technology.	Achieve a reduction of environmental burden and agricultural productivity improvement by developing and disseminating agricultural technology. Develop and disseminate bio-pesticides made from fungi and natural extracts, to reduce the environmental burden and help achieve agricultural production in harmony with the environment. Use soil analysis to help optimize the amount of chemical fertilizer applied and promote the spread of bio-stimulants. Improve the agricultural material supply base in Africa. Establish Ag-tech businesses.	We are promoting "IPM" (Integrated Pest Management), which combines biological pesticides and chemical pesticides, to help establish highly productive and sustainable agricultural systems. We are developing a comprehensive agricultural material distribution business, mainly in Latin America. Through the ETG company we are supplying agricultural materials in Africa. We conducted an Ag-tech demonstration test in Hokkaido. We have launched a pilot project of controlled environment agriculture (CEA).
Chemicals	Nutrition & Agriculture	Animal solutions business	We will achieve sustainable agricultural production through science.	Achieve a reduction of the environmental burden of livestock, and an improvement of productivity by developing and popularizing feed additives/veterinary drugs/vaccines.	Achieve efficient growth of livestock and a reduction of environmental emissions through establishment of a Gut Health (improvement of intestinal flora of livestock) business. Improve livestock productivity and achieve animal welfare through the spread of vaccines and veterinary drugs.	We are promoting business reform in Novus, a company in which we have invested, to establish a Gut Health business. We have entered into the animal genetics business. We are pursuing synergies with existing businesses such as animal nutrition and animal health.
Iron & Steel Products	Iron & Steel Products	GHG reduction promotion in product LCA (Life Cycle Assessment)	We will work to build supply chains from the perspective of LCA, for global decarbonization.	Together with partners in Japan and overseas, contribute to GHG reduction across the entire supply chain.	In product LCA develop projects to help in GHG reduction.	In collaboration with SuMPO (Sustainable Management Promotion Organization) which is Japan's only ISO-based carbon footprint certification body, we have developed LCA Plus, a platform that enables the visualization of product LCA throughout the supply chain.
Lifestyle	Food	Trading	We will contribute to the safe and secure procurement of food, and a sustainable and stable food supply.	Thoroughly disseminate our sustainable supply chain policy and, if necessary, formulate individual procurement policies and goals based on this policy, and aim to achieve them.	Monitor the implementation status of each Procurement Policy for Specific Commodities.	Our Sustainable Supply Chain Policy has been sent to all suppliers and made known. We have created an individual procurement policy for palm oil, which is recognized as a product that has a significant environmental and social impact.
Lifestyle	Retail	Food retail	We will contribute to the safe and secure procurement of food, also a sustainable and stable food supply.	Thoroughly disseminate our sustainable supply chain policy and, if necessary, formulate individual procurement policies and goals based on this policy, and aim to achieve them.	Monitor the implementation status of each Procurement Policy for Specific Commodities.	Our Sustainable Supply Chain Policy has been sent to all suppliers and been made known. We have created an individual procurement policy for palm oil, which is recognized as a product that has a significant environmental and social impact.
Lifestyle	Wellness	Contract food services	Based on the promotion of health management to curb domestic medical expenses and the growing awareness of people's health, we will help people to achieve a level of health in line with their life stage, by providing a stable supply of food that will support physical and mental wellbeing.	Achieve a stable supply of safe and secure food with consideration for reduction of food loss, sustainability and traceability.	Actively use foods that take sustainability into consideration (sustainable foods). Increase efforts to achieve local production for local consumption, to improve supply capacity. Reduce food waste by supplying cooking plans for high-quality, traceable food.	Despite the effects of the spread of COVID-19, we are helping achieve stable food supplies by providing free special menus to medical institutions. We are implementing local production for local consumption in collaboration with Miyazaki, Miyagi, and Akita prefectures to utilize ingredients that will lead to regional economic development. We have obtained MSC/ASC CoC certification(1), the first for a food supply business in Japan. We also provide sustainable fishery products (sustainable seafood) at some facilities. We have obtained Rainforest Alliance certification(2) for production, distribution, and processing processes at our own factory to improve traceability. We offer products using 100% coffee beans produced by certified farms. We are conducting food procurement and menu planning to control food loss using AIM Services' original menu planning system. 1. MSC certification is a certification system for sustainable fisheries that is properly managed in consideration of fishery resources and the environment. ASC certification certifies aquaculture which is approved by the Aquaculture Stewardship Council and minimizes the environmental and social burden. MSC/ASC CoC certification ensures that these certified fish products are properly managed and traceable in all processes of manufacturing, processing and distribution. 2. Certification of the control standards for production, distribution, and processing at our own food preparation facilities.

Enhance quality of life

Please scroll horizontally to look at table below.

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
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.
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.
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.
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.
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.	Expand production of crops in Africa and improve the quality of life for small-scale African farmers. Establish a sustainable supply chain for agricultural products using DX. Develop high-capacity communication lines.	Promote demonstration projects that aim to create SDG premiums by visualizing social and environmental impacts in the production process of African agricultural products, and ensuring traceability through supply chains. Commercialize the establishment of a sustainable supply chain for agricultural products using DX (after assessing their feasibility). Lay and operate international submarine communication cable systems.	We are engaged in an initiative to collect data on African agricultural products, and use that data to deliver global customers final products that come with the stories behind them, with the aim of generating value in that data and returning it to the farmers, thereby promoting the expansion of sustainable agriculture production. We are currently working on a pilot project covering 1,000 cotton farmers in Zambia. In the future, we aim to expand the project to other agricultural products such as coffee and cacao. We are currently working with NTT Group and JA Mitsui Leasing on the installation, operation and sale of a new submarine cable system between Japan and the U.S.
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.
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.
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.	Phase out diesel locomotives and have only electric ones. Reduce the environmental burden of our locomotives.	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.
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.
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.	We are promoting new high-quality skincare products for U.S. consumers. We are establishing a business base aimed to promote high-quality skincare products in Brazil.
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.	Establish a food science business base in the Japanese and Asian markets. Establish a business base to provide personalized pre-illness solutions to consumers in the Japanese and Asian markets through the provision of health checks/medical forecasts/and high value-added supplements.	We are enhancing and promoting the expansion of our subsidiary BFS (Bussan Food Science) and Soda Aromatic Co., Ltd., our investee, into Asia. Through our investment in Thorne Research of the U.S., we are expanding into the wellness field. We have launched a business in Japan providing solutions for preventive health.
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.
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.
Lifestyle	Food	Trading	We will further strengthen our efforts to eradicate child labor and respect human rights in our supply chains.	Make our Sustainable Supply Chain Policy gets through to our suppliers. Hold regular dialogue through supplier questionnaires and on-site inspections.	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.
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.	Send our Sustainable Supply Chain Policy to all suppliers and make them aware of it. Work hard to improve the traceability of the products we handle.	Our Sustainable Supply Chain Policy has been sent to all suppliers and been made known.
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.	Introduce digital technology and AI to improve medical access and efficiently allocate medical resources. Rationalize group-wide procurement to help control medical costs and improve operational efficiency. Build a healthcare data platform with the aim of maximizing outcomes and optimizing costs by utilizing data.	In collaboration with the government, we are providing infrastructure for accepting new COVID-19, PCR tests, and vaccination. We have introduced an online medical care service to quickly respond to the non-contact needs of patients. Partial cost reductions have begun to be realized by rationalizing procurement across the group. We have begun the creation of a platform for patient data of about 30 million patients across Asia.
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.	Through Mitsui Knowledge Industry Co., Ltd. (MKI), a subsidiary, we are providing consulting, building, and operation services for CT systems, data center and cloud services, and the sale of IoT devices and manufacturing equipment. Through Mitsui Bussan Secure Directions, Inc. (MBSD), a subsidiary, we are providing diagnostic, oversight, and consulting services related to cybersecurity.
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.	Through iMedical Inc., an affiliated company, we are developing services that use remote medical imaging technology to provide specialist radiographic image interpretation for physicians. north star Co., Ltd., an affiliate company in which we invested in February 2021, operates "Kids Doctor", which offers pediatric health consultation services, and appointment services of online diagnosis and home visit. Xeureka Inc., a subsidiary of the Company established in November 2021, provides AI drug discovery support services and conducts drug discovery R&D through joint research. Innoxia Inc., also a subsidiary of the Company, established in November 2021, is engaged in business providing various DX solutions to medical institutions, mainly hospitals.
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.	Continue to raise the quality of the main business' services and properties. Increase the scale of the business and work together with various partners to develop properties that offer high added value.	We have advanced a senior living properties business for over 30 years, particularly in the west of the U.S. We currently manage 35 properties offering around 3,700 rooms. We are aiming to attract large amounts of pro-social investment from the capital markets through JV projects with Japanese investors, and the creation of private placement funds so that we can operate excellent assets and provide high-quality services.

Create an eco-friendly society

Please scroll horizontally to look at table below.

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
Mineral & Metal Resources	Mineral & Metal Resources	Mineral and metal resources business development	We will contribute to the achievement of a society that is in harmony with the environment by supplying mineral and metal resources that support a low-carbon society and by reducing environmental burdens in the resource industry.	Promote businesses to reduce environmental impact, including greenhouse gas reduction.	Contribute (from the raw materials side) to the low carbonization of the steel industry, and build value chains. Develop copper and battery raw materials that are required for EVs and electrification, and build value chains. Take low-carbon-emitting initiatives in mining operations.	Together with Vale/Kobe Steel/Midrex, we are jointly considering providing low-carbon iron sources and low-carbon iron-making solutions. We are collaborating with partners to reduce Scope 1/2 GHG emissions (exhaust gas from mining equipment, accompanying methane gas, etc.) from metallurgical coal business. Also considering a possibility of collaborating with related infrastructure and technology owners. All electricity procured for the Collahuasi copper mine in Chile has been switched to renewable energy.
Mineral & Metal Resources	Mineral & Metal Resources	Environmental measures/metal and battery recycling businesses	We will contribute to achieve a circular economy through our metal and battery recycling businesses.	Expand our metal and battery recycling businesses that contribute to the promotion of a circular economy.	Promote and expand metal and battery recycling business.	We are promoting scrap metal business at domestic and overseas bases and among investees (MM&Kenzai, Kyoei Recycling, Sims, etc.). We are promoting reuse and recycling business for EV waste battery cells and packs.
Energy	Energy Segment	Energy solutions	We will contribute to the achievement of a low-carbon or no-carbon-emitting society by utilizing our accumulated knowledge inside and outside our Company in our business domains.	Support our Company and our partners for their effort on Net zero emissions by providing comprehensive energy solutions that combine technologies and businesses such as distributed renewable energy, storage batteries, next-generation fuels, and emissions trading. Thoroughly disseminate our sustainable supply chain policy and, if necessary, formulate individual procurement policies and goals based on this policy, and aim to achieve them.	Work in various business fields with excellent partners who possess a high degree of technical ability and a wealth of knowledge. Provide innovative solutions that utilize our comprehensive strengths. Monitor the implementation status of individual procurement policies.	We participate in and promote distributed renewable energy, energy management business, carbon-free LNG/biofuel/next-generation fuel supply, and CO2 Capture and Storage ("CCS") businesses. Our main projects are listed below. In November 2021, we strengthened capital ties and concluded a collaboration agreement with Forsee Power of France, through which we are promoting the electrification of mobility. In March 2022, we concluded an MOU with Storegga Limited of the U.K., a Carbon Capture & Storage (CCS) operator in which we have invested, for the commercialization of Direct Air Capture (DAC) technology. In May 2022, we invested in Climate Friendly, an Australian company engaged in the creation and sale of carbon credits through the restoration of native forest vegetation. We have created an individual procurement policy for timber, which is recognized as a product that has a significant environmental and social impact.
Machinery & Infrastructure	Infrastructure Projects	Centralized RE/distributed power generation	We will construct, develop, and operate an RE power supply that can help reduce GHG emissions through decarbonization.	Achieve an RE ratio of 30%.	Construct new domestic and overseas RE power sources (offshore wind power, centralized large-scale solar power, distributed solar power, DSO, etc.). Steadily operate RE power sources in Japan and overseas. Provide RE peripheral business provision.	In April 2022, we invested in Mainstream Renewable Power Limited, a leading renewable energy operator engaged in onshore and offshore wind and solar power projects mainly in Latin America and Africa. The company is aiming to develop 25 GW over the next 10 years.
Machinery & Infrastructure	Infrastructure Projects	Social environment infrastructure business	We will solve water problems and contribute to the sustainable growth of society through water production and water and sewage treatment.	Improve the efficiency of existing water and sewage treatment businesses. Stably operate water production business. Acquire new water-related businesses.	Construct water production projects in the Middle East. Steadily operate water and sewage treatment business in the Americas and the acquisition of new projects. Completion of water production projects in the Americas, and the commencement of operations.	Through MITinfra in Mexico, we are helping to improve the living environment of local residents, solve water resource shortages, and achieve sustainable corporate activities through the water and sewage treatment business and wastewater treatment business for industrial customers. We are also considering and promoting new initiatives.
Machinery & Infrastructure	Infrastructure Projects	General power/new areas/services	We will provide and utilize decarbonized and environment-related products in initiatives for decarbonization and carbon neutrality in new business areas, mobility, and other business areas such as steelmaking, chemicals, and food, thereby contributing to decarbonization and carbon neutrality in the world.	Promote and expand our decarbonization efforts utilizing our comprehensive strengths.	Promote the construction and operation of equipment that meets the LEED Platinum certification standard, and contribute to urban development in harmony with the environment. Correctly understand customer demand in next-generation domains. Discover new products and services, conduct verification tests, and subsequently roll out mass production.	District cooling equipment and distributed facilities are under construction in the One Bangkok district cooling and distribution business. We are pursuing entry opportunities by selecting partners for infrastructure construction related to decarbonization. Using our existing traders and business partners to assist us, we will promote the development of new traders in overseas markets such as Europe, as we seek to discover new products.
Machinery & Infrastructure	Mobility I	Manufacture and sale of EV/FCV buses	We will work to popularize transportation vehicles that have a low environmental impact and that can contribute to the realization of a low-carbon society.	Establish a service provision system for low environmental impact transportation vehicles such as EVs and FCVs.	Expand the lineup of low environmental impact products handled. Together with new and existing partners, promote efforts that can help to achieve low-carbon-emitting societies.	Caetano Bus, S.A., a Portuguese bus manufacturing and sales company in which we have invested, manufactures and sells EV buses that have a low environmental impact. These have been used as route buses in London since 2020.
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.
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.	Phase out diesel locomotives and have only electric ones. Reduce the environmental burden of our locomotives.	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.
Chemicals	Basic Materials	Covering all business areas of the Business Unit (Gas Chemicals Business/Basic Chemicals Business/Performance monomer/Tank Terminal Business)	We will realize a low-carbon society and a circular economy.	Create business and strengthen initiatives in the areas of emission management and recycling.	Work on manufacture and sale of low-carbon products. Develop fuel ammonia and various recycling businesses.	We are promoting low-carbon methanol production using a U.S. methanol production facility.
Chemicals	Performance Materials	Manufacturing and distribution	We will work to procure and provide safe and secure products to achieve a sustainable society through environmental protection.	Disseminate our sustainable supply chain policy throughout our supply chain.	Monitor the implementation status of each individual procurement policy.	We have formulated individual procurement policies for timber, paper products and natural rubber, which we recognize as products which are required to be in line with the protection of the natural environment when effectively utilizing forest resources.
Chemicals	Performance Materials	Clean energy business	We will work to accelerate energy transformation and promote clean energy (such as hydrogen) to help achieve a carbon-free society.	Create demand for hydrogen and work on the industry issues such as cost reduction and deregulation.	Enhance collaboration with partner companies and expand the hydrogen supply chain.	We are investing in hydrogen tank manufacturers and hydrogen station operating companies, as well as providing business support.
Chemicals	Performance Materials	Forestry resources	We will contribute to the reduction of greenhouse gases and work to conserve biodiversity.	Contribute to greenhouse gas reduction by tree planting and comply with forest certification.	Establish greenhouse gas reduction projects through tree planting and maintain forest certification for our forestry assets.	We have enhanced our efforts to reduce greenhouse gases with partner companies. We have obtained forest certification for all our afforestation assets overseas.
Chemicals	Performance Materials	Materials and products business	Through our materials and products business, we will contribute to the achievement of a carbon-free and recycling-oriented society.	Develop and recycle environmentally friendly materials and products. Create and enhance other recycling-oriented businesses.	Develop and market low-environmental impact materials and products with partner companies, and develop and provide solutions including the construction of circular business models.	We have participated in CLOMA (Japan Clean Ocean Material Alliance) to help solve problems of plastic waste in oceans. We are promoting the development and commercialization of low-environmental impact materials and products with partner companies in the fields of plastics, biochemicals, and paper.
Iron & Steel Products	Iron & Steel Products	Renewable energy	We will work on the manufacture, maintenance and repair of infrastructure for renewable energy.	Help spread the use of renewable energy through the manufacture of equipment used in onshore and offshore wind turbine towers, as well as the establishment of inspection and repair business for tower materials and equipment.	Expand the services that we handle and the areas that these cover.	We have established Horizon Ocean Management, Ltd. jointly with Hokutaku Co., Ltd., the largest wind turbine maintenance company in Japan. We are promoting to preventive maintenance and longevity needs for wind power generation equipment, due to the increase in domestic offshore wind power generation facilities. We are supplying materials from Regency Steel Japan that are used in the building of self-elevating platforms (vessels). Through partnership with Global Energy Group we are promoting the fabrication and repair of offshore structures for renewable energy. We are promoting the global expansion of wind power tower and flange manufacturing with GRI Renewable Industries.
Lifestyle	Food	Trading/business investment initiatives	We will contribute a circular economy by creating existing business and new business models.	Add value to by-products generated in our food value chain. Promote the setting up of a sales channel expansion circulation system by cultivating demand.	Find out how by-products can be effectively used. Make proposals positively to existing and new customers about how such by-products can be used. Achieve a reduction of waste generated in the value chain, reuse by-products, and utilize sales channels.	We have effectively utilized by-products such as soybeans, rapeseed, wheat, sesame, and corn for livestock and fishery feed. We have reused sugar cane chaff as fuel for power generation. We have made sludge generated by wastewater treatment dried and used them as boiler fuel. Remnants of strawberry flesh on leaves removed from cut strawberries, are utilized to make juice. We have utilized tea leaf residue is used as a raw material for compost.
Lifestyle	Retail	Food retail	We will reduce the environmental burden in the food distribution value chain.	Expand the procurement and handling of materials, packaging materials in our business value chain that have a low environmental impact. Promote the reduction of the environmental impact in our business.	Enhance procurement and development capabilities for materials and packaging materials that have a low environmental impact. Cooperate with suppliers, manufacturers, and customers to procure materials and packaging materials that have a low environmental impact and increase the frequency of development.	We are providing customers with thin-walled, lightweight, and simplified food containers and packaging materials (reduction of packaging usage). We are using biomass film, biomass ink, aluminum-free paper cartons, thinner wood, recycled film and forest-certified paper.
Innovation & Corporate Development	IT & Communication	IT Service	We will contribute to realize the low-carbon society utilizing IoT and Cloud technology.	Contribute to realize the low-carbon society by reducing energy consumption through the utilization of IoT and cloud technology, and to optimize the air conditioning of spaces.	Increase the number of companies that have introduced services and the scale of air conditioning assets owned.	Through Mitsui Knowledge Industry Co., Ltd. (MKI), a subsidiary, we are providing GeM2, a cloud-based energy management service that provides both energy-saving and comfort, as well as a cloud-based remote monitoring service for solar power generation facilities. Through Air as a Service., Ltd. (AaaS), an affiliated company, we are providing a service that optimizes air conditioning usage environments and maximizes energy savings through the remote monitoring and control of industry-use air conditioning and ventilation systems.
Innovation & Corporate Development	Corporate Development	Commodity derivatives	We will contribute to realize the low-carbon society through transactions involving derivatives such as power certificates and emissions credits that contribute to the carbon management of customers in Japan and overseas, and by demonstrating optimization functions.	Realize concrete progress on customers' carbon management plans by demonstrating carbon management functions that meet customers' needs.	Strengthen our ability to trade in power certificate and emissions credit markets and grow our customer base. Cultivate knowledge and personnel connected to carbon management structures and systems.	We are expading trading functions and expand their customer base at Environment & Energy Sales Department of The Commodity Markets Division's and Mitsui Bussan Commodities Ltd.

Develop talent leading to value creation

Please scroll horizontally to look at table below.

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
Corporate Staff	Corporate Staff	Workforce management (managing workplace environments)	We will create frameworks for new value creation through the advancement of work style innovation.	Aim to raise the competitiveness of the entire group and provide new value to society by cultivating environments that enable each employee to become more productive, handle the uncertainty generated by constant environmental changes, and demonstrate their capabilities to the fullest.	Correct long working hours. Constant achievement of the percentage of annual leave taken to over 70%.	Average annual paid leave taken: 12.5days. Average annual paid leave usage ratio: 64.9%.
Corporate Staff	Corporate Staff	Diversity management	Our aim is for each of our employees, regardless of employment location, gender, or any other individual characteristics, to recognize and fully leverage each other's diverse backgrounds and abilities to bring new value to our business.	Realize diversity and inclusion.	Grow into an organization that thrives on diversity (implement the Mitsui Engagement Survey, monitor the results, and utilize them for organizational development) Promote diverse human resources Achieve a 10% ratio of female managers by the fiscal year ending March 31, 2025 (Japan) Achieve internal KPIs for internally promoted line managers at overseas subsidiaries by 2025 (not disclosed) (Global) Continue to Challenge and Innovate through our diverse workforce Leverage our Values in competency evaluations (global) Promote independent career support by reviewing human resource systems (Japan)	We have measured the level of employee engagement and employee enablement, and used the results to make organizational improvements. We reported the results to the Corporate Management Committee and the Board of Directors and used them to formulate human resource strategies. Results of the Mitsui Engagement Survey 2021: Employee Engagement was 71% (+1% vs previous year), and Employee Enablement was 69% (unchanged from previous year). Women Leadership Initiative: We strengthened the development of female leaders, including support activities by female outside directors (with 36 employees taking part in total). Sponsorship Program: Corporate Management Committee members provided advice and guidance on careers for female senior leadership candidates (with 8 employees taking part in total). Change Leader Program: We implemented a program for prospective leaders that were hired overseas (with a total of 43 employees taking part in total). Mitsui Leadership in Action: We introduced standards of conduct based on Mitsui's Values at the Head Office and overseas subsidiaries. The program is being utilized as part of hiring, training, evaluation, and appointment decisions. We introduced the following new systems: (1) Business Manager Incentive Plan, and enhanced Succession Management, (2) Career Challenge System, (3) Share-Based Compensation Plan for Employees, and (4) Expert Band. We conducted HR Strategy Meetings where the President, the Chief Human Resources Officer (CHRO), the General Manager of the Human Resources & General Affairs Department, and the COOs of each Business Unit and General Managers of each Corporate Division discuss succession plans for key positions.
Corporate Staff	Corporate Staff	Human resources development	We will place the Mitsui & Co. global group's diverse pool of competent individuals into the right positions at the right time and cultivate and utilize business management talent.	Cultivate personnel who can take on global group management and facilitate change and growth.	Implement human resource development programs. Realize 100% fulfillment of internal English-speaking requirements.	We have implemented the Global Training Program (dispatching 76 employees to 28 countries). We have carried out training to cultivate personnel who can take on global group management.
Corporate Staff	Corporate Staff	Health management,Occupational Health and Safety	We will develop workplace environments in which employees can continue to work healthily and safely, without falling into patterns of chronic overwork, so that they can fully demonstrate their capabilities and continue to strengthen the competitiveness of the Mitsui & Co. group.	Steadily promote occupational health and safety and health management throughout the global group.	Percentage of employees undergoing health checks in FY Mar/2022: 100%. Medical questionnaire response rate in FY Mar/2022: 100%. Percentage of employees undergoing stress checks in FY Mar/2022: 90% or higher. Smoking rate: Reduction of 0.5% compared to the previous FY. Work place accidents and fatal accidents: Zero.	Promotion of Mitsui Health Report: (99.8% of the employees underwent health checks, 89.1% underwent stress checks in FY Mar/2021, and 75.6% responded to a medical questionnaire in FY Mar/2020). We have held anti-smoking seminar programs. Smoking rate: Reduced 2.1% compared to FY Mar/2021.

Build an organization with integrity

Please scroll horizontally to look at table below.

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
Corporate Staff	Corporate Staff	Integrity and compliance	We will raise integrity awareness, including ensuring compliance among all officers and employees.	Revitalize the organization and improve reputation through policies that address issues.	Create organizations that act with integrity on a global group basis so that the Mitsui & Co. global group can continue to be a truly trustworthy corporate group for society. Establish and strengthen compliance structures and carry out compliance education and training to ensure that employees are more thoroughly aware of compliance. Facilitate communication and foster a "speak up" culture.	We have put together the Mitsui & Co. Group Conduct Guidelines—With Integrity to share our approach toward integrity and compliance on a global group basis, and are working to raise awareness through seminars and workshops. By having Human Resource Managers at each business unit work directly with the CCO as Compliance Administrators, we are able to advance integrity and compliance measures in each organization based on company-wide policies. In addition to raising awareness of compliance and integrity at workplaces, we are accelerating the establishment and improvement of effective structures at the practical level in line with actual circumstances at affiliated companies. We utilize Guidelines on the Establishment of Compliance Systems at Affiliated Companies, to strengthen compliance systems at affiliated companies on a global basis, and we carry out regular monitoring. In line with amendments to the Whistleblower Protection Act, we strengthened whistleblower protection in the whistleblower system, aiming to further improve the reliability of the whistleblower system and create an environment that facilitates speaking up. The main initiatives carried out in FY Mar/2022 in order to raise awareness of compliance and integrity are as follows. —We provided training for employees at all levels, from new entrants to managers, as well as for employees about to be transferred overseas or to group companies, or assigned outside the company. —We held "With Integrity Month" under the theme of "With Integrity for All Mitsui," to promote awareness of integrity on a global group basis. In addition to the independent efforts of each organization, including overseas offices, the company-wide project included an open Compliance Committee meeting and a live streaming of integrity discussions between the CEO and Mitsui group employees with simultaneous interpretation in English, creating opportunities for all officers and employees to discuss compliance together. —We continued providing a learning course based on a Compliance Handbook explaining the "Business Conduct Guidelines for Employees and Officers of Mitsui & Co." in order to promote the assimilation of basic compliance knowledge that officers and employees of Mitsui should acquire in the course of their daily business activities. We also provide a “Mitsui & Co. Group Compliance Handbook” and e-learning to the group companies that requested them. —We are carrying out compliance awareness surveys and utilize them to improve compliance structures in each organization. The compliance awareness surveys are being used on a global group basis, customized according to the size and region of the organization.
Corporate Staff	Corporate Staff	Corporate governance and internal controls	We will raise the transparency and fairness of management, enhance corporate governance, and establish and improve internal controls.	Make sustainable improvements of corporate value through achievement of highly effective corporate governance and continuous review. Establish and ensure the appropriate operation of internal controls systems in order to achieve management targets based on our Corporate Mission Vision Values.	Conduct continuous review and further strengthen internal controls systems for optimization of our corporate governance in accordance with the Mitsui & Co., Ltd. Corporate Governance and Internal Control Principles through annual evaluation of the effectiveness of the Board of Directors in order to optimize our corporate governance. Maintain the diversity of the Board of Directors and its advisory committees, which includes external members. Respond to the findings of evaluations of the effectiveness of the Board of Directors. Maintain the structure of remuneration for directors that strongly encourage medium- to long-term improvement in corporate value and sustainable growth. Carry out highly transparent disclosure. Check internal controls systems through annual internal controls reviews.	We are making the Board of Directors more diverse. As of June 22, 2022, the Board contained five external directors (over a third of the Board) and three women (21.4%). More than half of the members of advisory committees are external members and these committees carry out dynamic discussions on topics such as CEO succession planning and personnel matters concerning directors/officers (Nomination Committee), revisions to the remuneration of directors and monitoring of the operation of evaluation systems (Remuneration Committee), our Company's response to revisions of the Corporate Governance Code, our Company's institutional design based on our business execution framework, and revisions to the criteria for matters to be deliberated or reported on by the Board of Directors (Governance Committee). We newly disclosed a director and Audit & Supervisory Board member skill matrix in notices of general meetings of shareholders and integrated reports and enhanced disclosure regarding director's remuneration in securities reports. In FY Mar/2022, free discussions among all members of Board of Directors and Audit & Supervisory Board were held twice (themes: "Priority of Issues and Actions That Mitsui Should Tackle in the Medium to Long Term to Increase Corporate Value," and "How Global Operations Should Be"). With regard to the issue of "ongoing consideration of the optimal number of directors, the ratio of internal to external directors, the number of internal directors, and institutional design" identified in the FY Mar/2021 evaluation of the effectiveness of the Board of Directors, the Governance Committee discussed the Company's business execution framework and institutional design at its meetings in September and December 2021. In FY Mar/2022, it was concluded that the effectiveness of the Board of Directors, including its response to the issues outlined above, was appropriate. We introduced a new performance-linked stock remuneration plan, linked to the achievement of management indicators that the Company should place emphasis on, such as ESG elements including response to climate change, and ROE. In addition to revising the remuneration composition ratio for directors, the Remuneration Committee, which is chaired by an independent outside director, carefully deliberated on revisions to executive remuneration from the perspective of improving corporate value over the medium to long term, with the aim of disclosing the management indicators that the Company places emphasis on in its management strategy in an easy-to-understand manner, in alignment with the highly transparent executive remuneration system. In FY Mar/2022, in order to operate the necessary systems to ensure appropriate operations, the Company established and maintained each internal control system by holding physical meetings and carrying out visiting audits in combination with online meetings and/or video messages, etc.
Corporate Staff	Corporate Staff	Risk management	We will contribute to the advancement of sustainable business activities by identifying and managing the various risks surrounding the group's business.	Establish and maintain a comprehensive risk management structure to integrate groupwide risk management.	Position management, risk asset monitoring, adjustment and periodic review of internal rules by each corporate staff division. Control risk at each workplace at business units and overseas regional business units, and comply with and propose improvements to various regulations.	For a wide variety of quantitative and qualitative risks which we face, each of the Corporate Staff Divisions cooperate by establishing various internal rules for risk management within their respective risk management areas, as well as conducting prior investigations and after-the-fact monitoring. We establish an integrated risk management system that has centralized control over the company-wide risks, which is centered around the Corporate Management Committee and the Portfolio Management Committee as an organization under the Corporate Management Committee. We identify important risks in light of the frequency of occurrence, expected damage scale, and company-wide risk tolerance and take corresponding measures.