Feb 19, 2024 10:08 JST

Source: Mitsubishi Heavy Industries, Ltd.

MHI Recognized by CDP as Being at the Leadership Level for Climate Change Earning A- score

TOKYO, Feb 19, 2024 - (JCN Newswire) - Mitsubishi Heavy Industries, Ltd. (MHI) received an "A-minus" rating in the Climate Change Report 2023 published by CDP (headquartered in London, U.K.), a non-profit organization that maintains a global environmental information disclosure system. This A-minus is the CDP's second-highest rating and is one rank up from the B ranking MHI received in the previous year.


CDP scoring and collected environmental data are publicly available on CDP's platform and widely referenced by institutional investors and companies. MHI believes this improved rating will enable it to draw broad attention to its progress in addressing climate change in its business activities.

Every year since 2002, CDP sends letters to companies on behalf of investors asking those companies to disclose data on their environmental impacts. In 2023, 746 financial institutions (with more than US$136 trillion in invested assets) requested responses to a CDP-prepared questionnaire, and more than 15,000 companies worldwide were asked to provide environmental information.

CDP's climate change questionnaire is comprehensive in content. It asks companies to provide not only climate change-related environmental data but also assessments of their governance structures as well as of opportunities and risks. Additionally, because the questionnaire's content is the same worldwide, it provides stakeholders with a tool for comparing the efforts undertaken by different companies.

In recent years, MHI has been enhancing its disclosures in line with TCFD (Note) recommendations. This effort is leading to higher scores for items concerning "disclosure of opportunities," "disclosure of risks," and "risk management procedures," among others.

MHI will continue striving to help bring about a sustainable society and enhance its corporate value over the medium-to-long term through continuous innovation and superior products and technologies.

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 ©2024 JCN Newswire. All rights reserved. A division of Japan Corporate News Network.

Related Press Release


Heidelberg Materials North America Announces Latest Milestone in Edmonton CCUS Project
April 12 2024 13:39 JST
 
MHIAEL Completes Expansion of the its Nagasaki Plant for Manufacture of Aero Engine Combustors
April 11 2024 17:08 JST
 
Mitsubishi Shipbuilding Acquires Approval in Principle (AiP) from Classification Society ClassNK for Ammonia Fuel Supply System (AFSS)
April 11 2024 16:50 JST
 
Mitsubishi Shipbuilding Receives Order for Ammonia Fuel Supply System for Ammonia-Powered Marine Engine
April 10 2024 15:55 JST
 
Mitsubishi Power Receives Order from HK Electric for Natural-gas-fired GTCC Power Generation Equipment
April 09 2024 14:04 JST
 
MHI Thermal Systems Adds New KXZ3 Series of Building-use Multi-Split Air- Conditioners Adopting R32 Refrigerant
April 09 2024 12:40 JST
 
MHI Concludes Positive Impact Finance Agreement
March 29 2024 18:20 JST
 
Mitsubishi Shipbuilding Receives Order from the University of Tokyo for "MiPoLin" Power Prediction and Lines Selection System
March 28 2024 15:45 JST
 
Mitsubishi Logisnext Completes Demonstration of Automated Truck Loading, Leading to Start of Actual Operations in Japan
March 28 2024 12:52 JST
 
Mitsubishi Power Achieves #1 Global Gas Turbine Market Share in 2023
March 15 2024 17:34 JST
 
More Press release >>

Latest Press Release


More Latest Release >>