Mitsubishi Corporation

Stakeholder engagement
The company discloses the channels it uses to engage with its stakeholder groups.

Sustainability strategy and accountability
The company discloses its process for identifying and prioritising its most relevant sustainability impacts as well as the outcome of this process, in relation to its sustainability strategy.

Ecosystem conversion and restoration
The company discloses some activities to achieve conversion-free supply chains and discloses the proportion of high-risk commodities which are conversion-free.

GHG emissions
The company has set time-bound targets to reduce its scope 1 and 2 greenhouse gas emissions as well as report progress against them.

Solid and air pollution
The company reports regularly on air quality parameters of emissions of harmful air pollutants.

Water
The company demonstrates reducing water withdrawal in its own operations.

Indigenous Peoples’ and land rights
The company is committed to respect Indigenous Peoples’ rights.

Act ethically
The company discloses a policy on bribery and corruption and includes anti-bribery and anti-corruption clauses in its contractual agreements with business relationships.

Provide and promote decent work
The company discloses how it monitors the health and safety performance of its business relationships. It also discloses the proportion of its total direct operations workforce covered by collective bargaining agreements. Additionally, it reports the proportion of women in its total direct operations workforce for each employee category and a target to increase the percentage of women in management-level positions above 15% by FY 2025.

Respect human rights
The company has a publicly available policy statement committing it to respect human rights and describes the process for identifying human rights risks and impacts in its supply chain. It further indicates that it has a human rights grievance mechanism accessible to all workers.

Lobbying
The company has an opportunity disclose a list of trade associations of which it is a member. Additionally, it has an opportunity to disclose a clear and detailed framework for assessing alignment of its trade associations with its sustainability targets and to report (potential) misalignments.

Stakeholder engagement
The company has an opportunity to disclose an overview of the issues raised by each stakeholder group during its engagement activities.

Sustainability strategy and accountability
The company discloses some sustainability objectives/targets including climate and social inclusion. However, there is an opportunity to establish group-wide targets for the most material parts of its value chain. Also, while the company reports consistently against some targets including climate and social inclusion, it has an opportunity to report consistently against all its targets. Furthermore, although the company discloses a remuneration policy related to climate, it could link this policy to improvement in nature-related objectives and social issues. Lastly, the company states that the board of directors has expertise in climate and social inclusion. However, it has an opportunity to disclose whether its highest governance body has expertise with respect to the company’s most material sustainability topics including nutrition, water, soil health, ecosystem conversion and biodiversity.

Ecosystem conversion and restoration
The company does not have a commitment to ensure zero conversion. While the company has a target to achieve conversion-free supply chains, it does not cover all high-risk commodities.

Finally, the company is not committed to restoring ecosystems and it does not disclose details and outcomes of ecosystem restoration projects in areas affected by its own operations or by its suppliers.

GHG emissions
The company should set time-bound targets to reduce its scope 3 greenhouse gas emissions as well as report progress against them. Crucially, all its scope 1, 2 and 3 targets need to align with a 1.5-degree trajectory.

Impact and dependencies assessment
The company utilizes the Integrated Biodiversity Assessment Tool (IBAT) and ENCORE, as recommended by TNFD, to assess potential impacts on biodiversity near project sites and to map dependencies and impacts on nature across its businesses. It identified significant environmental impacts in the mineral resources sector and high dependence on nature in its aquaculture business, particularly its salmon and trout farming business, Cermaq. While the company conducts annual supplier surveys addressing natural capital and its effects on communities and ecosystems, it has an opportunity to disclose the comprehensive results of its analyses. Additionally, it can further evaluate dependencies on nature within its upstream business relationships.

Invasive species
The company has not identified any activities that could lead to the introduction of invasive alien species in its own operations.

Key areas and species
While the company acknowledges its 49% equity interest in ESSA, operating within the El Vizcaíno Biosphere Reserve and near the Ojo de Liebre lagoon, a UNESCO World Heritage site, it still has an opportunity to disclose species present around its locations. Additionally, greater transparency can be achieved by revealing the proximity of their operations and suppliers to critical biodiversity areas. It would also be beneficial for them to detail the conservation status of species in proximity to their operations, using national and international conservation lists.

Resource exploitation and circularity performance
No evidence was found regarding the company’s efforts to work towards a circular economy or which organisms it exploits. The company has an opportunity to develop a strategy and publicly report on specific, time-bound targets.

Solid and air pollution
The company does not disclose relevant information related to pollution in its operations or supply chains.

Water
The company has an opportunity to further improve on water withdrawal practices by setting time-bound targets and engaging with suppliers. The company does not disclose relevant information on water pollution. The company does not disclose a commitment to respect the right to water. The company does not disclose its processes for implementing preventive and corrective action plans for identified specific risks to the right to water and sanitation in its own operations.

Indigenous Peoples’ and land rights
The company does not disclose its processes to identify and recognize the rights of Indigenous Peoples when activities in its own operations may impact their rights or describes how it obtains Indigenous Peoples’ free, prior and informed consent.

Safe, clean, healthy and sustainable environment
The company has an opportunity to commit to respecting local communities’ right to a safe, clean, healthy and sustainable environment, and to zero tolerance for acts of violence, threats, intimidation or judicial harassment committed against land and environmental rights defenders. Moreover, it should track its actual or potential negative impacts on the health of local communities.

Act ethically
While the company states that it has an anti-corruption system and procedures in place along with a mechanism to raise related concerns, it has an opportunity to disclose its processes for identifying and addressing bribery and corruption and clearly state that a grievance mechanism is accessible to all stakeholders. It could also disclose its approach to lobbying and political engagement beyond a personal level in a public policy document and state that it does not make political contributions and divulge its lobbying expenditures.

Provide and promote decent work
While the company states that it respects the health and safety of workers in its operations and supply chain, it has an opportunity to formalise this commitment in a public policy document.

Additionally, the company states that it pays a legal wage and expects the same in its supply chain. However, it could disclose a time-bound target for paying all workers a living wage or state that it has achieved paying all workers a living wage. It could also describe how it determines a living wage for the regions where it operates and how it works to support its suppliers in paying a living wage.

Furthermore, the company could commit to gender equality and women’s empowerment and disclose the representation of women on the highest governance body along with the ratio of the basic salary and remuneration of women to men.

Respect human rights
The company has a publicly available statement committing it to respect specific workers’ rights in its operations and supply chain but has an opportunity to reference all the ILO fundamental rights at work and place them in a formal policy document.

Additionally, although the company conducts human rights due diligence, it could describe a comprehensive process for assessing and identifying human rights risks and impacts across all its activities, and its salient human rights issues. It could further specify what it considers to be salient human rights issues, how relevant factors are considered and how it acts to prevent, mitigate or remediate its salient human rights issues through a global system.