Framework

Sustainability and CSR Policy

In accordance with the three statements that are at the heart of our Principles, MHI Group serves as a manufacturing corporation that contributes to societal progress through its business endeavors of delivering products and technologies in support of social and industrial infrastructure worldwide. MHI shall not only make contributions through its products and technologies to resolve social issues such as environmental problems, but shall also work on resolving a wide range of social challenges through various activities in the process of its overall business and promote CSR activities in tandem with its business activities. MHI believes the basis of CSR is to engage in business activities that take its diverse range of stakeholders into consideration and return profits to all stakeholders in optimum fashion, while at the same time providing excellent products and technologies to realize a sustainable society and a secure future for people and the planet.
The MHI Group’s CSR Action Guidelines serve as collective standards for all MHI Group employees. These guidelines provide a concrete and easy-to-understand way for employees to consistently keep CSR in mind as the Group contributes to societal progress through its business endeavors and a corporate creed centered on the principles of CSR.
In 2015, we established the MHI Group Global Code of Conduct, a provision of common principles which stipulates how the Group’s employees with various backgrounds, nationalities and cultures should act and behave. Regarding the environment, MHI Group has established the "Basic Policy on Environmental Matters" and "Action Guidelines" to encourage initiatives to reduce environmental burden based on them. As for the human rights, we formulate "MHI Policy on Human Rights", while supporting international norms such as the Universal Declaration of Human Rights.

CSR Action Guidelines

MHI strives to move the world toward a more secure future. Through our technology, our business practices, and our people, we:

Care for the planet

We are eco-conscious, and engineer environmentally-friendly technologies that improve sustainability and protect the Earth

Create a more harmonious society

We embrace integrity and proactive participation to solve societal challenges

Inspire the future

We cultivate global talent who share a vision and desire to move the world forward for generations to come


(Others)

Sustainability Promotion System

In order to promote management that takes into account the sustainability of society, we newly established the Materiality Council and the Sustainability Committee on October 1, 2021. In consideration of the environmental, social and economic sustainability of companies demanded by the international community, institutional investors and other stakeholders, we will further strengthen our sustainability management system centered on the issues and values faced by modern society. The Materiality Council established subcommittees composed of managers and designated divisions under their purview, for each of the five materiality categories identified by the Company in 2020. With the President and CEO as Chair, the Council follows up on business activities aiming at the realization of materiality goals and instruct business divisions to take the necessary measures.
In addition, the Sustainability Committee was established as a development of the CSR Committee, which had been working on the identification of materiality, ESG measures and the promotion of social contribution activities. The Sustainability Committee aims at becoming “a company that focuses on the perspective of society, meets society’s expectations and is trusted at all times,” with CSR at the core of management. Chaired by the CSO (Chief Strategy Officer, director, the officer in charge of sustainability), the Sustainability Committee comprises officers involved in ESG and business, including the GC (General Counsel, director), CFO (Chief Financial Officer, director), CTO (Chief Technology Officer), the officer in charge of HR (human resources), the head of Business Strategy Office, and other officers in charge of domains and segments in accordance with the agenda. In principle, with the aim of establishing an ESG/sustainability promotion system, the committee meets twice each year to discuss and determine basic ESG initiative policies and responses for material issues of sustainability, while promoting related initiatives. In addition to making decisions at the top management level of the company in response to ESG issues including TCFD (the Task Force on Climate-related Financial Disclosures) and human rights due diligence, with regard to which social needs are increasing, the committee forms cross-divisional task force teams and considers concrete action plans and pursues to realize sustainable societies as well as to enhance medium to long term corporate value.
Important matters related to various sustainability issues are deliberated and decided at the Executive Committee and reported to the board meeting.
Also, committees to deliberate sustainability/CSR related material issues, such as Compliance Committee and MHI Group Environment Committee, have been set up as below

The Sustainability Promotion System Chart

The Sustainability Promotion System Chart

Committees on Sustainability and CSR, etc.

Audit and Supervisory Committee Members: Audit and Supervisory Committee Members (five)
Number of meetings: 15 (FY2020)
Nomination and Remuneration Advisory Council Members: Outside directors (six), Chairman of the Board, and the President and CEO
Number of meetings: 2 (FY2020)
Outside Directors’ Meetings Members: Outside directors (six) + management personnel (as necessary)
Number of meetings: 2 (FY2020)
Materiality Council Members: Chaired by the President and CEO, CSO (director), CFO (director), GC, CTO, officer in charge of HR, head of Business Strategy Office, and domain and segment managers and Senior General Manager, Growth Strategy Office.
Number of meetings: Twice each year in principle (no results for FY2020 because the council was established in October 2021)
Sustainability Committee
(former CSR Committee)
Members: Chaired by the CSO (director, the executive officer in charge of Sustainability), including the CFO (director), GC, CTO, the officer in charge of HR, and head of the Business Strategy Office.
  • Meetings are convened with officers in charge of domains and segments as members in accordance with the agenda.
Number of meetings: 4 (FY2020) * Results of meetings held are for the CSR Committee
Compliance Committee Members: Chaired by the Executive Vice President, GC, and composed of 26 members.
Number of meetings: 2 (FY2020)
Committee for Raising Awareness of Human Rights Members: Chaired by the Senior Vice President in charge of HR, and composed of 28 members.
Number of meetings: As necessary
MHI Group Environment Committee Members: Chaired by the Executive Vice President, CTO and composed of 13 members.
Number of meetings: 1 (FY2020)
International Trade Control Committee Members: Chaired by the Executive Vice President, GC, and composed of 18 members
Number of meetings: 2 (FY2020)
  • The number of meetings held is the number within the target fiscal year. Committee members are to issue the report.

Conformity to International Code of Conduct

Being a global company, MHI always conducts its business activities in accordance with international codes of conduct. In 2004, MHI became a participant in the United Nations Global Compact, committing itself to making ongoing efforts throughout the Group to respect and carry out its Ten Principles spanning four basic areas: human rights, labour, environment, and anti-corruption. We promote CSR activities that are in accordance with ISO 26000, which was formulated in 2010 as an international guideline on the social responsibilities of organizations.
We endeavor to disclose information in accordance with Japanese and overseas reporting standards. One such international standard for the reporting of non-financial information is the Sustainability Reporting Standards of the Global Reporting Standards Initiative.