TOP PAGE
ENGLISH
JAPANESE
|
CONNECT WITH US:
Home
About
Services
Contact
Log in
Home
Press release
Nov 30, 2022 18:07 JST
Source:
Mitsubishi Heavy Industries, Ltd.
MHI Publishes Integrated Report "MHI Report 2022"
- Presenting MHI Group's path to sustainable growth by providing solutions to social issues
TOKYO, Nov 30, 2022 - (JCN Newswire) - Mitsubishi Heavy Industries, Ltd. (MHI) today published the "MHI Report 2022." The focus of this year's integrated report is on MHI Group's contributions to global Carbon Neutrality. In October 2021, MHI announced its commitment to achieve Carbon Neutrality Groupwide by 2040, and MHI Report 2022 presents detailed explanations of the efforts to fight against climate change by applying the full breadth of decarbonization technologies MHI Group has developed throughout its history.
MHI REPORT 2022
The report opens with a message from the President and CEO Seiji Izumisawa outlining MHI Group's value creation proposal. He introduces the standpoint behind the Company's "MISSION NET ZERO," its commitment to achieve net zero CO2 emissions Groupwide by 2040, and also presents a progress report on the Company's 2021 Medium-Term Business Plan as well as an overview of how MHI is responding to the rapid changes taking place in its business environment. This is followed by a message from Chief Financial Officer (CFO) Hisato Kozawa describing the Company's financial strategy for enhancing corporate value. Next is a conversation between Chief Technology Officer (CTO) Eisaku Ito and Toshihiko Hashida, former Director-General of the Japan Meteorological Agency (JMA). Mr. Ito describes the role MHI Group can play toward resolving issues relating to climate change, citing the Company's hydrogen technologies which are key to achieving a decarbonized world, especially its R&D of hydrogen gas turbines.
The MHI Report 2022 also contains a special feature on various measures being implemented by MHI Group toward realizing a carbon neutral world. With graphs and illustrations, this article offers a detailed overview of specific measures the Company is taking to achieve "MISSION NET ZERO." Another article, contributed by Professor Nobuyuki Isagawa of the Graduate School of Management, Kyoto University, who specializes in corporate finance, addresses the relationship between Carbon Neutrality and corporate value. He describes the significance of MHI Group's efforts in this area from the standpoint of his research into the relationship between a company's ESG (environment, social and governance) indicators and financial performance. Concerning the Company's business strategies, measures derived based on the latest SWOT analysis(1) are presented for the following business domains: Energy Systems; Plants & Infrastructure Systems; Logistics, Thermal & Drive Systems; Commercial Aviation, Integrated Defense & Space Systems.
The second half of this year's integrated report contains explanations of the Company's basic approach to and execution of corporate governance, its officers' remuneration structure, the current status of its reduction in strategic shareholdings, and the major risks recognized by management and their corresponding responses. Also featured is a conversation with the Chairman of the Board Shunichi Miyanaga and two outside directors: Masako Ii and Hiroo Unoura. They discuss how Board of Directors meetings support the Company's sustainability management and exchange views on how corporate governance is carried out at MHI, with a focus on the role of Board of Directors meetings in addressing major social issues such as Carbon Neutrality.
Other items included in MHI Report 2022 introduce the Company's sustainability management policy and promotion system, initiatives being taken to address human rights issues, Company-wide materiality goals and KPIs to respond to the SDGs(2), and MHI's response to risks and opportunities arising from climate change (disclosure in accordance with TCFD(3) recommendations). Presentations are also given of what the Company is doing to respond to heightened social demands pertaining to compliance and cybersecurity.
Going forward, MHI Group will continue issuing annual integrated reports outlining how the Company is contributing to resolving social issues as it simultaneously pursues sustainable business growth and ongoing enhancement of its corporate value, presented with a careful balance of financial and non-financial information and in a format enabling easy understanding by shareholders, investors and all other stakeholders.
(1) SWOT is an analysis technique employed for formulating management strategies by assessing the external and internal environments using factor analysis in four categories (strengths, weaknesses, opportunities, threats), and then determining how to optimally utilize management resources to respond to changes in the business environment.
(2) The SDGs are a set of "sustainable development goals" adopted by the United Nations General Assembly in September 2015 targeted for achievement by 2030. It consists of 17 categories incorporating a total of 169 targets.
(3) TCFD: Task Force on Climate-related Financial Disclosures.
About MHI Group
Mitsubishi Heavy Industries (MHI) Group is one of the world's leading industrial groups, spanning energy, smart infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world. For more information, please visit www.mhi.com or follow our insights and stories on spectra.mhi.com.
Source: Mitsubishi Heavy Industries, Ltd.
Sectors: Energy, Alternatives
Copyright ©2023 JCN Newswire. All rights reserved. A division of Japan Corporate News Network.
Related Press Release
Four Companies Announce Joint Feasibility Study of Large-Scale and Wide-Area Carbon Capture and Storage (CCS) Value Chain Project Using Ship Transportation
January 26 2023 17:28 JST
Mitsubishi Power Receives Order for H-25 Gas Turbine for Taiwan's Chang Chun Petrochemical
January 26 2023 17:22 JST
MHI Signs MoU to Collaborate in Feasibility Studies on Ammonia Co-Firing for Power Generation in BLCP Power Station
January 16 2023 17:49 JST
MHI Thermal Systems Adds ZTL Series to Its Lineup of Household Room Air Conditioners for Overseas Markets
January 10 2023 19:16 JST
Mitsubishi Electric and Mitsubishi Heavy Industries Reach a Basic Agreement to Start Detailed Studies for Business Integration for Power Generator Systems
December 26 2022 15:58 JST
Origis Energy and Mitsubishi Power to Bring Battery Energy Storage Projects to the Southeast United States
December 21 2022 10:04 JST
MHIENG Awarded Pre-FEED Contract for Carbon Capture Plant at a Cement Production Facility in UK
December 15 2022 15:54 JST
Mitsubishi Power, Government and Industry Leaders Discuss Energy Security and Transition at 2022 Gas Turbine Technical Seminar in Bangladesh
December 13 2022 18:09 JST
Japan, United Kingdom and Italy Formally Announce Joint Development of a Next-Generation Fighter
December 09 2022 14:39 JST
MHI Signs MoU with Chile's Guacolda Energia for Feasibility Study of Ammonia Co-Firing at a Coal-Fired Thermal Power Plant
December 07 2022 13:29 JST
More Press release >>
Latest Press Release
Toyota Tsusho, IIJ, NEC, and NTT Com Sign Contract with Uzbektelecom for Telecommunications Infrastructure Development Project
Jan 27, 2023 15:25 JST
Eisai: Marketing Authorization Application for Lecanemab as Treatment for Early Alzheimer's Disease Accepted by European Medicines Agency
Jan 27, 2023 11:46 JST
TMC Announces Changes to Executive Structure
Jan 27, 2023 10:59 JST
Nippon Steel, Mitsubishi Corporation and ExxonMobil to Evaluate and Establish CCS Value Chains in the Asia Pacific Region
Jan 26, 2023 19:16 JST
Kurita Water Industries and Hitachi Launch a Co-creation to Implement Solution in Society and Build an Ecosystem for a Sustainable Society with "Zero Environmental Impact"
Jan 26, 2023 19:02 JST
Four Companies Announce Joint Feasibility Study of Large-Scale and Wide-Area Carbon Capture and Storage (CCS) Value Chain Project Using Ship Transportation
Jan 26, 2023 18:28 JST
Mitsubishi Power Receives Order for H-25 Gas Turbine for Taiwan's Chang Chun Petrochemical
Jan 26, 2023 18:22 JST
Fujitsu and Mizuho Bank embark on collaboration for sustainable management information services
Jan 26, 2023 13:44 JST
All-New eK X EV Earns Top Rating in Vehicle Safety Performance 2022 Car Assessment by JNCAP
Jan 26, 2023 09:01 JST
DOCOMO Announces World's First Technology that Utilizes Human-Augmentation Platform for Sharing Haptic Information Between People
Jan 25, 2023 17:17 JST
EEJA (TANAKA Precious Metals) to Exhibit at 37th INTERNEPCON JAPAN
Jan 25, 2023 11:00 JST
EEJA (TANAKA Precious Metals) to Exhibit at 37th INTERNEPCON JAPAN
Jan 25, 2023 11:00 JST
Hitachi Astemo, Trend Micro, and VicOne Expand Collaboration on Security Solutions for Connected Cars, Targeting 2025 Commercialization
Jan 25, 2023 09:02 JST
Honda to Make Organizational Changes (Effective April 1, 2023) to Further Accelerate Electrification Business and Realize New Value Creation
Jan 24, 2023 17:18 JST
Honda and GS Yuasa Reach Basic Agreement Toward Collaboration for a High-capacity, High-output Lithium-ion Battery
Jan 24, 2023 16:02 JST
KDDI starts commercial deployment of 5G Open vRAN sites in Japan in collaboration with Samsung Electronics and Fujitsu Limited
Jan 24, 2023 10:22 JST
Nurburgring gives green light for a comprehensive digitization measure of the world-famous Nordschleife
Jan 23, 2023 16:55 JST
NBB and JCB Enable the Acceptance of JCB Cards Through its POS & E-Commerce Merchants in The Kingdom of Bahrain
Jan 23, 2023 15:00 JST
JCB starts Red Guahan Shuttle Free Ride Campaign in Guam
Jan 23, 2023 12:00 JST
Ogier claims ninth Monte win in TOYOTA GAZOO Racing one-two
Jan 23, 2023 11:23 JST
More Latest Release >>