Mitsubishi Electric Group Revises its Materiality

Will accelerate sustainability initiatives in response to evolving society and environment

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) today announced revisions to its materiality, which identifies the key issues that the company prioritizes to contribute to sustainability. As part of its transformation into an “Innovative Company” that creates value through bold thinking and a willingness to embrace risk while driving business growth and addressing social and environmental challenges, the company has established “Promote innovation for sustainability” as a new materiality item.

Mitsubishi Electric has also established “sub-materiality” categories for each materiality item to clarify the focus of related initiatives. In addition, it has defined targets and key performance indicators (KPIs) for each item and will implement continuous-improvement activities based on the PDCA cycle through ongoing monitoring and management of progress.

Under its revised materiality, Mitsubishi Electric Group will continue to accelerate its “Trade-On (mutual benefits)” initiatives across its diverse businesses to simultaneously achieve business growth and address social and environmental challenges. Through these efforts, the company aims to create new possibilities for a better tomorrow and further advance sustainability both within the company and throughout global society.

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