Mitsubishi Electric Launches New Environmental Plan

Mitsubishi Electric Corporation (TOKYO:6503) announced today that it has launched its ninth three-year environmental plan, which accords with Environmental Vision 2021, a long-term environmental strategy ending in 2021, Mitsubishi Electric’s centenary anniversary. The plan is aligned with five targets out of the 17 Sustainable Development Goals (SDGs) of the United Nations, including affordable and clean energy (No. 7) and climate action (No. 13).

Mitsubishi Electric has been implementing three-year environmental plans since 1993, aiming to become a global, leading green company. The new plan focuses on achieving targets set out in the Environmental Vision 2021, including reductions of greenhouse gas emissions, resource inputs, etc., from a medium- to long-term perspective based on the Paris Agreement and in view of expected global water shortages in the future.

Greenhouse gas reduction
By the end of the fiscal year in March 2021, Mitsubishi Electric aims to reduce total annual greenhouse gas emissions, including gases such as carbon dioxide, sulfur hexafluoride, perfluorocarbon and hydrofluorocarbon, to 1.47 million tons on a carbon-dioxide-equivalent basis. This compares favorably with a benchmark of 2.64 million tons. The benchmark is based on fiscal 1991 carbon dioxide emissions on a nonconsolidated basis; fiscal 2001 carbon dioxide emissions by Japan-based affiliated companies and non-carbon dioxide emissions on both a nonconsolidated basis and by Japan-based affiliated companies; and fiscal 2006 carbon dioxide and non-carbon dioxide emissions by affiliated companies outside Japan. Along with developing a detailed road map for low-carbon societies, Mitsubishi Electric plans to set a science-based target (SBT) and have it validated by the science-based targets initiative (SBTi) team by fiscal 2020. Efforts to improve the energy efficiency of Mitsubishi Electric Group products are expected to reduce carbon dioxide emissions generated by the use of these products by an average 35 percent.

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