Message fromthe President & CEO

Sustainability Management

Environment

SocialDisclosure Based on
the TCFD Recommendations

Governance

Responding to Climate Change and Energy Issues
Basic Approach

Progress in FY2023

-17%
15%

Ratio of electrified vehicle sales[FY2022: 12%]CO2 emissions from business activities(Scope 1 and 2 total emissions,compared with FY2018)[FY2022: -33%]

-34%*

1

31,914thousand t-CO2eq

Number of DENDO DRIVE STATIONs(As of end-March 2024)

97 branches Expanded vehicle lineup: In addition to our new
Kei-car segment commercial electric vehicle, the“MINICAB EV,” we have launched HEV models forthe “COLT,” “XPANDER,” and “XPANDER CROSS.” In FY2023, we installed a total of 16.25MW of solar
power generation equipment at plants in Japan andoverseas.
*1 Until FY2020, we included some equity-method associates in our environmental management target companies.
However, these equity-method associates have been
excluded since FY2021.
We set the base value 545 thousand t-CO2, which is calculated by subtracting 43 thousand t-CO2, the emission
amount made by the equity-method associates, from 588
thousand t-CO2, the officially reported volume of FY2018(the benchmark year).

<Related pages>
P12 MITSUBISHI MOTORS’ Materiality
P15, P17 Materiality
P23 Environmental Plan Package
P26 Environmental Management
P118 Environmental Data Related to Products andBusiness Activities

In recent years, extreme weather, such as heat waves,droughts and floods due to heavy rain, has caused
disasters one after another around the world. The
largest cause of these extreme-weather events is climate change, whose major factor seems to be global
warming caused by increases in CO2 and other greenhouse gases.
Global efforts to reduce CO2 emissions are accelerating. As international frameworks for achieving asustainable society such as the Paris Agreement andthe United Nations Sustainable Development Goals(SDGs) progress, the 28th Conference of the Parties tothe United Nations Framework Convention on Climate
Change (COP28), held in November and December
2023, implemented the Global Stocktake and indicatedthe need to reduce greenhouse gas emissions by 43%
by 2030 and 60% by 2035 compared to 2019 levels.

FY2030 targets

Products(vehicle emissions)*2

Baseline CO2 emissions<Fuel and Electricity Production>
Collaboration with governments and related companies• Decarbonization of electricity/energy• Promotion of carbon-neutral fuels• Energy management utilizing used batteries• CO2 emissions from business activities: -50%
(compared with FY2018)• Average CO2 emissions from new vehicles: -40%
(compared with FY2010)• Electrified vehicles sales ratio: 50% (100% by FY2035)<Production, Procurement, Logistics, etc.>• Enhancement of energy conservation measures• Expanding the use of renewable energy• Improvement of production/logistics efficiency• Development and introduction of next-generation
technologies• Adoption of low-CO2 materials• Promotion of product/material recycling

Production, procurement,
logistics, etc.
2030

Targetsl 13.1l 13.2l 13.3<Products (vehicle emissions)>• Electrification of products (electric vehicles, PHEV, etc.)• Improvement of electricity/fuel consumption

Products(fuel, electricity
production)*2

Now

Targetl 9.4

Automobiles generate CO2 throughout the life
cycle, from production to driving and disposal. For thisreason, MITSUBISHI MOTORS has identified “responding to climate change and energy issues” as a material issue, taking into account its impact on the economy, environment and people. Furthermore, in theEnvironmental Plan Package, we position this as oneof the important challenges to address directly, andare working to achieve carbon neutrality throughout
its supply chain by 2050. We have set specific targets,and efforts are underway to achieve this goal. Furthermore, in the mid-term business plan “Challenge
2025,” also includes “Working toward Carbon Neutrality” as one of the 3 major challenges, and we position
it as a theme to be pursued by the entire company.
As for products, starting with our original plug-in
hybrid electric vehicles (PHEV) and Kei-car segmentcommercial electric vehicles, we will promote electrification while leveraging the technologies of Alliance

CO2 reduction image throughout supply chain

CO2 emissions

Average CO2 emissions from new vehicles(Tank to Wheel, compared with FY2010)[FY2022: -18%]

Scope 3 emissions[FY2022: 28,710
thousand t-CO2eq]

Targets
l 7.2
l 7.3

ESG Data

2050<Carbon Offsets>*2 Including new and stock vehicles
MITSUBISHI MOTORS CORPORATION Sustainability Report 2024

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Message fromthe President & CEO

Sustainability Management

Environment

SocialGovernance

Disclosure Based on
the TCFD Recommendations

Targets
l 7.2
l 7.3

to proactively introduce the electrified vehicles thatbest meet the energy situation, infrastructure development status, and customer needs of each country
and region. In parallel with our electrification efforts,
we will work to improve our fuel efficiency technologies for vehicles powered by internal combustion
engines. In our business activities, in addition to reinforcing energy saving measures as well as pursuing
productivity-enhancing technologies, we will promote
fuel conversion and the development and introduction of next-generation production technologies.
Furthermore, we will expand the use of renewableenergy, centering on the introduction and expansionof solar power generation facilities at major plants.
To achieve carbon neutrality throughout the supply chain, it is essential for us to reduce CO2 emissions
in the production phase of raw materials and parts,
as well as in the transportation of products. We will
promote activities to visualize and reduce CO2 emissions in cooperation with our suppliers. At the productdisposal stage, we will promote recycling of products
and materials through the adaptation of low-CO2 materials and recycling-conscious design.
We will also explore various carbon offset options
for CO2 emissions that cannot be ultimately reduced
through these efforts.
In addition, our electrified vehicles have large-capacity batteries that can be used in energy management and as emergency power sources in times ofdisaster. Through these measures, we are also engaging in measures to adapt to climate change.
As expectations for companies to curb climatechange are expected to increase, we will continue reinforcing our efforts to further reduce CO2 emissions.
MITSUBISHI MOTORS CORPORATION Sustainability Report 2024

Structure of Promoting Carbon Neutrality

Targetl 9.4

Targetsl 13.1l 13.2l 13.3

In addition, in order to study specific measuresand formulate medium- to long-term policies andtargets for achieving carbon neutrality across the

We are making progress on “Responding to Climate

supply chain by 2050, we established the Carbon

Change and Energy Issues” under our framework for
promoting sustainability. The Sustainability Committee, chaired by the Executive Officer, President & CEO,deliberates on climate change risk and opportunity

Neutrality Council under the Sustainability Committee. Members of this council, which is chaired by the
Executive Officer, Executive Vice President, include
Executive Officers in charge of management strategy,

assessments and response measures and checks
progress and performance toward our “Environmental
Targets 2030.”

ESG Data

product strategy, production, procurement, logistics,
and other areas.
In FY2023, we made progress toward achieving

Structure of Promoting Carbon Neutrality (As of April 2024) Environmental Targets 2030 through the accumulation of concrete measures in each area and estimatBoard of Directors
ing CO2 emission forecasts through FY2030.
Deliberation
and reporting

Supervision

Executive Committee

Carbon Neutral Council

Deliberation
and reporting

Sustainability Committee• Chair: Executive Officer, President & CEO• Members: Executive Officer, Executive
Vice President/senior executive officer/
general managers of relevant divisions

Deliberation
and reporting• Chair: Executive Officer, Executive Vice President• Members: Relevant executive officers/
general managers of relevant divisions

Subcommittee for Promote the Reduction of
CO2 from Business Activities• Chair: Senior Executive Officer responsible for Production• Members: General managers of relevant divisions/plant
managers/representatives of affiliated companies, etc.

TCFD Consideration Team• Members: People in the general manager class atrelevant divisions

Meeting
frequency
Three times
Sustainability Committee
Monitoring Progress toward the Environmental Targets 2030
a yearMeets three to four times a year, formulating medium- to long- Three to four
Carbon Neutral Council
term policies and targets for achieving carbon neutrality by 2050 times a year
Subcommittee for Promote the Reduc- Draft action plans for reducing CO2 in areas of business activity,
Twice a year
promotion of specific measures, etc.
tion of CO2 from Business Activities
Identify and assess climate- related risks and opportunities,
Meets asTCFD Consideration Teamconsider scenario analysis, etc.
necessary
Roles

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Message fromthe President & CEO

Sustainability Management

Environment

SocialDisclosure Based on
the TCFD Recommendations

GovernanceTargets
l 7.2
l 7.3

Development and Spread ofElectrified Vehicles
In our Environmental Targets 2030, MITSUBISHI
MOTORS set the target of achieving a 40% reduction(compared with FY2010 levels). To meet this target,
we have raised our target ratio of electrified vehicle
sales to 50% by 2030 and to 100% by FY2035. Thischange focuses our core technologies on responding
to climate change and energy issues through electrified vehicles, which emit low CO2 while driving, andconcentrates on their development. Centering on ourstrength in plug-in hybrid electric vehicles (PHEV), we

Targetl 9.4

Targetsl 13.1l 13.2l 13.3will expand our lineup of electrified vehicles, thereby

torque. In 2011, we launched the “MINICAB-MiEV,” apromoting their popularization and use in society

Kei-car segment commercial electric EV. In 2012, weand contributing toward the realization of a sustain-

began offering the “MINICAB-MiEV TRUCK,” also an EVable society.

in the Kei-car segment. These technologies are thefoundation of next-generation EVs, such as PHEV.

Electric Vehicles (EV)in average CO2 emissions from new vehicles by 2030

ESG Data

We believe that expanding the lineup of Kei-car

Electric vehicles (EV) are driven by electricity in bat-EVs, which are expected to be used in more everyday

tery, so they emit no exhaust gases such as CO2

situations, will be the key to the spread of electrified

while driving.

vehicles. Accordingly, in June 2022 we launched the

We released the “i-MiEV” as the world’s first“eK X EV,” a new EV in the Kei-car segment, and in

mass-produced EV in 2009. In addition to its en-

December 2023 we launched the “MINICAB EV,” newvironmental performance, the “i-MiEV” performed

commercial EV in the Kei-car segment. We will contin-

better than conventional gasoline engine vehicles on

ue to focus on the development of EV to contributequietness and acceleration starting from maximum

toward the realization of a carbon neutral society.

Our History of Developing Electrified Vehicles

EV

i-MiEVMINICAB-MiEV

eK X EVMINICAB EV

World’s first mass-produced EV

2009

1964
Start of R&D onelectric vehicles (EV)

PHEV
HEV

MITSUBISHI MOTORS CORPORATION Sustainability Report 2024

2011

2013

2020
ECLIPSE CROSSPHEV model

OUTLANDER PHEVWorld’s first SUV-type PHEV

Back ◀

31▶ Next2021
OUTLANDERPHEV model

2022

2023

2024

XPANDER/
XPANDER CROSS HEV model

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Message fromthe President & CEO

Sustainability Management

Environment

SocialGovernance

Disclosure Based on
the TCFD Recommendations

Targets
l 7.2
l 7.3

TOPICS

The “MINICAB EV,” Our New Commercial Electric
Vehicles in the Kei-Car Segment, Launches
in Indonesia

ESG Data

Targetl 9.4

Targetsl 13.1l 13.2l 13.3Plug-in Hybrid Electric Vehicles (PHEV)
PHEV are powered by electricity stored in batteries
and by the motor, using the engine to generate electric power when the battery level is low. PHEV combine the powerful driving performance, high level ofquietness, and driving stability characteristic of electric vehicles, without the concern that battery capacity will limit the vehicle's driving range.
Our journey in PHEV began with the “OUTLANDER PHEV” in 2013, followed by the “ECLIPSE CROSSPHEV model” in 2020 and the launch of the All-New“OUTLANDER PHEV model” in 2021. At low to medi-

The new “MINICAB EV,” which launched in Japan in
December 2023, is a commercial electric vehicle in
the Kei-car segment. This model draws extensively
on the development and maintenance expertise wehave accumulated over the past 12 years with the“MINICAB-MiEV,” which has sold some 13,000 units(as of end-October 2023). The “MINICAB EV” features
substantial improvements, such as a driving range of
180km (in WLTC mode) on a single charge, up around
35% compared with previous models, as well as expanded safety and functional equipment.
In February 2024, MITSUBISHI MOTORS commenced
sales in Indonesia of the “MINICAB EV” (known locallyas the “L100 EV”), via its local join venture, PT Mitsubishi Motors Krama Yudha Indonesia (MMKI).
As decarbonization efforts accelerate in various
fields toward the realization of a carbon-neutral society by 2050, demand for commercial electric vehicles
in the Kei-car segment is further increasing in thelogistics industry and from local governments. Introducing the “MINICAB EV” will help reduce CO2 emissions
in the last mile of commercial use.

um speeds, the PHEV system uses electric powerfrom the battery, but when the battery level is low, it
generates electric power during operation using theengine while also supplying power to the motor andbattery. Furthermore, during high-speed driving, thevehicle is driven by the engine and simultaneously
assisted by the battery-powered motor. In this way,
the drive mode is automatically selected according
to the situation. CO2 emissions are substantially lower
than conventional gasoline engine vehicles, delivering
outstanding environmental performance.

“ECLIPSE CROSS PHEV model” and“OUTLANDER PHEV model”
MITSUBISHI MOTORS CORPORATION Sustainability Report 2024

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Message fromthe President & CEO

Sustainability Management

Environment

SocialGovernance

Disclosure Based on
the TCFD Recommendations

Targets
l 7.2
l 7.3

ESG Data

Targetl 9.4

Targetsl 13.1l 13.2l 13.3The Values Plug-in Hybrid Electric Vehicles (PHEV) Provide:

CO2 Reduction

Production

Driving Range

Disposal
CO2 emissions
Production/disposal

Powered 100% by electricity
for short trips

Driving

Power Supply Capability

Supply electricity for up to

12 days(Based on general household consumption)

PHEV

HEV*1
High level of CO2 emitted
during driving

PHEV
Relatively less CO2 emitted
during production and driving*3

On longer trips, powered by electricity
and sometimes gasoline
PHEV

EV*2

PHEV

＋

Higher level of CO2 emitted during production*3
Note: B ased on MITSUBISHI MOTORS’ estimate of actual CO2 emissions in 2025. LCA values vary depending on such factors as
CO2 emissions during power generation and lifetime mileage.

Using the LCA*4 concept, which is based on
calculations of total environmental impact fromproduction to disposal, MITSUBISHI MOTORS believes PHEV system is the most environmentallyfriendly electrical drive systems.
*1 Hybrid electric vehicle*2 Electric vehicle*3 CO2 emissions during driving include CO2 emissions generated when electricity to charge the battery is generated.
*4 LCA stands for life cycle assessment, which is a techniquefor calculating the environmental impact of a product frommanufacturing to disposal.
MITSUBISHI MOTORS CORPORATION Sustainability Report 2024

It is possible to use only the electric motor
without consuming gasoline for short trips, suchas for everyday commuting and shopping. The
motor and engine can also be used in combination to extend the driving range, using theengine to generate the electricity when battery
levels run low.

Back ◀

33▶ NextVia a bi directional (V2H*5) charger, the electricity
in the battery and the engine’s generating capabilities can be used in combination to supply electricity for up to 12 days*6. It can also be used as an
emergency power source in times of disaster.
*5 Short for “vehicle to home,” V2H is a system that enables
electricity stored in a car’s battery to be supplied to the home.
*6 For the All-New “OUTLANDER PHEV model” Potential supply
capacity is calculated by MITSUBISHI MOTORS (calculations
assume approximately 10 kWh per day for general household
power consumption and do not include the conversion efficiency of the V2H equipment and/or similar device).

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Message fromthe President & CEO

Sustainability Management

Environment

SocialGovernance

Disclosure Based on
the TCFD Recommendations

Targets
l 7.2
l 7.3

Hybrid Electric Vehicles (HEV)
MITSUBISHI MOTORS’ HEV system offers EV mode,
series hybrid mode, parallel hybrid mode, and regener-

TOPICS

Launch of “XPANDER” and “XPANDER CROSS”

ative mode. The system automatically selects the op-

HEV Models in Thailand

timal driving mode according to driving conditions and

The “XPANDER” and “XPANDER CROSS” HEV models thatlaunched in February 2024 are manufactured at Mitsubishi Motors (Thailand) Co., Ltd. (MMTh), our production and sales company in Thailand.
Our HEV system, derived from PHEV, delivers theenvironmentally friendly and pleasant driving experiencethat only an electric vehicle can offer. Based on the FF
2WD, the system enables safe and reliable driving withunique four-wheel control technology, including Active Yaw Control*1, ensuring optimal driving according
to weather and road conditions with a variety of drive
modes. Despite being an HEV, the user can also selectan EV driving as a situationally appropriate override option, such as on early morning drives in quiet residential
areas when engine noise may be a nuisance.

remaining drive battery capacity to achieve low fuelconsumption and powerful and pleasant motor drive.
When starting off or at low speeds, in EV mode thevehicle runs on electric power alone, with the drive
battery supplying power to the motor. In series hybridmode, when the vehicle is climbing or accelerating,the engine is used to generate electricity, and the
motor is used to drive the vehicle in combination withpower from the drive battery. At higher speeds, thesystem switches to parallel hybrid mode, in which the
car runs on engine power and is assisted by the motor. In regenerative mode, the vehicle recovers energy from deceleration, which it converts into electric
power and stores in the drive battery.
In FY2023 we launched the “COLT HEV model” in

ESG Data

Targetl 9.4

Targetsl 13.1l 13.2l 13.3

Promoting the Use of Electrified Vehicles
as a Way of Adopting to Climate Change
By leveraging the large-capacity batteries on its
electric vehicles (EV) and PHEV to supply electricity,
we are contributing to measures in various countries
and industries to adapt to climate change and energy
issues. We are applying these to such areas as areas
as energy management, V2X*2 and use as emergency
power sources in times of disaster.
*2 A general term encompassing vehicle to home (V2H) and vehicle to grid (V2G), among others*1 A ctive Yaw Control: This function controls the yaw moment
resulting from the difference in braking force and driving force
between the left and right wheels to improve maneuverability
and stability on slippery road surfaces and when cornering.

Europe and the “XPANDER” and “XPANDER CROSS HEV
model” in Thailand. In FY2024, we are launching the
new “ASX HEV model,” starting in Europe from June.

“XPANDER CROSS HEV model”“XPANDER HEV model”

MITSUBISHI MOTORS CORPORATION Sustainability Report 2024

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Message fromthe President & CEO

Sustainability Management

Environment

SocialGovernance

Disclosure Based on
the TCFD Recommendations

Targets
l 7.2
l 7.3

TOPICSESG Data

Targetl 9.4

Targetsl 13.1l 13.2l 13.3

TOPICS

Launch of a Smart Charging Service Demonstration Project Employing Our Connected Technology for

Demonstration Testing of Two Concepts for Energy

Electrified Vehicles

Storage Utilization in Conjunction with Chargers for

MITSUBISHI MOTORS, MC Retail Energy Co., Ltd., Kaluza
Ltd. and Mitsubishi Corporation have begun a demonstration project to commercialize Japan’s first smart
charging service, which uses connected technology
from our electrified vehicles.
Through this smart charging service, we aim to
reduce energy costs for society as a whole and provide
an attractive charging environment for users of electrified vehicles. The results of this demonstration projectwill be used in the development of this service.

Overview of the Demonstration Project
The service automatically optimizes recharging forcustomers*1 who own the “OUTLANDER PHEV model” attimes when market prices of electricity are low. Charging
takes place by the time specified by the customer, using

User
App registeredwhat time
to charge

Preferredcharging
conditions

a smartphone app and normal home electrical circuitry. The recharging employs an EV recharging control
platform provided by Kaluza, an OVO Group company inwhich Mitsubishi Corporation has an equity stake.
During the demonstration period, customers will beable to save on charging costs based on charging control results by subscribing to a demonstration-specificelectricity plan that MC Retail Energy will develop for thisservice. The service enables direct charging control fromthe Kaluza platform to the vehicle through our connected system, eliminating the need for charging facilities
with communication functions (smart charging facilities).
*1 T he service targets people who live in the service areas of TEPCOPower Grid, Inc. or Chubu Electric Power Grid Co., Inc., who register for our connected service (“MITSUBISHI CONNECT”), and who
have regular home charging equipment installed.

KaluzaCalculate optimal charging
schedules based onuser vehicle data,
electricity market prices, etc.
Vehicledata

Driving record,
battery level, etc.

Coordinatedchargingschedule

Electricity
marketprices, etc.

Electricity market prices, etc.
Electricity market

Charging
control results

12:00

16:00

0:00

4:00

8:00

Prices fluctuate daily in
30-minute increments.

Development ofdemonstrationspecificelectricity plans

Apply for a contract for a demonstration-specific electricity plan
• Electricity supply (demonstration-specific electricity plan)• Point reimbursement based on charging control results

MITSUBISHI MOTORS CORPORATION Sustainability Report 2024

20:00

Time

MITSUBISHI
MOTORS’Charging instructions connected system

Electrified
vehicleMC Retail Energy

Back ◀

35▶ NextElectrified
VehiclesM-T ech L a b 〈新〉電池リユース実証｜設備外観

FY24

Demonstration facility for utilizing used batteries
Mitsubishi Internal

3

In January 2023, we installed demonstration
facilities for two concepts
linked to quick chargers
and bi-directional chargers
for electrified vehicles in
the M-Tech Lab*2, a smart
M-Tech Lab
grid demonstration facility
at the Okazaki Plant, where we are conducting demonstration tests.
Both systems utilize used battery modules. One isan energy storage system that connects to the powerline of a quick charger and discharges stored power
to reduce power peaks when fast-charging electrified
vehicles. The other is an energy storage unit, which isconnected to a bidirectional charger in a CHAdeMO*3
standard. This unit stores energy even when the electrified vehicles are away, facilitating efficient energy management. In the future, we will work with energy storage
equipment manufacturers to introduce these systems at
Group sales companies’ shops and other locations.
*2 M-Tech Lab: Test equipment for a smart grid demonstration, ourfirst initiative utilizing used batteries, began operating in April 2012.
*3 CHAdeMO: A quick-charging system for electric vehicles, a global
standard that Japan led the way in standardizing in 2010
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Message fromthe President & CEO

Sustainability Management

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SocialGovernance

Disclosure Based on
the TCFD Recommendations

Targets
l 7.2
l 7.3

ESG Data

Targetl 9.4

Targetsl 13.1l 13.2l 13.3

TOPICS

Launch of Joint Demonstration of Movable Storage Batteries Utilizing Used Batteries
In September 2023, MITSUBISHI MOTORS and Hitachi,Ltd. have begun a joint demonstration of “Battery
Cube*1,” a movable storage battery that utilizes usedbatteries from electrified vehicles. This is part of an effort to realize a circular economy for batteries installedin electrified vehicles.
This demonstration, which aims to verify the practicality of the Battery Cube, employs used batteries
from the OUTLANDER PHEV, our plug-in hybrid vehicle.
The demonstration, which assumes power outages
due to a disaster across a wide area, connects a V2X*2
system from Hitachi Building Systems Co., Ltd. with theBattery Cube’s CHAdeMO V2H*3 connector. Power fromthe Battery Cube is being used to drive the “Urban Ace
HF,” Hitachi’s standard elevator. In addition to supplying power from electrified vehicles equipped with V2H
functionality, which has been proven in the past, thiscombination using a Battery Cube should help to ensure
continuous backup power supply in case of disaster.
We aim to begin working with Hitachi to reuse usedbatteries from electrified vehicles and commercialize
Battery Cube in FY2024. We will work together to introduce Battery Cube to companies and local governments.
We are also planning a joint demonstration for energy

MITSUBISHI MOTORS CORPORATION Sustainability Report 2024

Left: Battery Cube supplying electricity
Right: Used batteries inside the Battery Cube

management that connects electrified vehicles andBattery Cube with solar panels and other devices to makeeffective use of renewable energy. In addition to reusing
batteries from electrified vehicles, we will study concepts
for subsequent recycling, in line with our aim of realizing
a circular economy for electrified vehicle batteries.
*1 B
 attery Cube: A registered trademark of Hitachi Building Systems
Co., Ltd. in Japan*2 V2X (Vehicle to X): A generic term for technologies that connect
and interoperate between automobiles and various objects. In
the energy field, V2X systems are being put to practical use toenable the mutual supply of electric power by connecting electric vehicles to homes, buildings, and grid systems.
*3 C
 HAdeMO V2H: A Vehicle to Home standard for CHAdeMO, aquick recharging method proposed as a standard by Japan’s
CHAdeMO Association.

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Message fromthe President & CEO

Sustainability Management

Environment

SocialGovernance

Disclosure Based on
the TCFD Recommendations

Targets
l 7.2
l 7.3

TOPICS

Demonstration Projects of Autonomous Street Lighting That Utilizes Used Batteries from Plug-in Hybrid
Vehicles (PHEV)MITSUBISHI MOTORS and MIRAI-LABO Co., Ltd. are developing an autonomous street lighting system using
used batteries from PHEV in hopes of contributing todecarbonization through the increased use of renewable energy. Our autonomous street lighting systems
store solar power generated during the day in usedbatteries from PHEV, using that power to illuminate
LED lights at night. Since they do not require an external power supply, the streetlights do not go out inthe event of a disaster or power failure. Used batteriesmean that CO2 emissions from battery production arelower than for streetlights using new batteries, and CO2
emissions during operation are zero, as the electricity
comes from solar power.
In FY2022 to FY2023, we commenced a demonstration project that involved installing 24 autonomous
street lighting systems on the facilities of the Okazaki
Plant, Mizushima Plant, Kyoto Plant, and Tokachi Research & Development Center. We are acquiring usage
data on batteries and other components and verifying
the practicality of the systems, looking at such factors
as the number of non-sunlit days. We aim to bringing
the system to market in FY2024.

ESG Data

Targetl 9.4

Targetsl 13.1l 13.2l 13.3Development of Improving Fuel
Economy Technologies
MITSUBISHI MOTORS is continuously promoting the

Number of Autonomous Street Lighting Systems
Installed (As of April 2024)
LocationsOkazaki Plant
Mizushima Plant
Kyoto Plant
Tokachi Research & Development Center
Total

Numberinstalled
15
2
4
3
24

development of powertrain technologies to reduce
fuel consumption and improve energy efficiency.
Idle Reduction System “AS&G” (Auto Stop & Go)
AS&G is an idle reduction system that automaticallystops and starts the engine. This has a major effect on
improving the fuel economy because no fuel is consumed when at a stop. When fitted with a coasting stopfunction, AS&G stops the engine while decelerating.

BRAKE ON

BRAKE OFF

Okazaki Plant

Mizushima
Plant

Kyoto Plant

TokachiResearch &Development
Center

Deceleration Energy Recovery(Power Generation Control)
This technology involves the intensive charging of thebattery using electric power generated while decelerating. This reduces the amount of power required
from the engine, thereby improving fuel economy.

MITSUBISHI MOTORS CORPORATION Sustainability Report 2024

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Targets
l 7.2
l 7.3

Hybrid System
The eK series (excluding the “eK WAGON”) uses MITSUBISHI MOTORS’ 12V BSG*1 hybrid system. The power
produced by regenerative energy during deceleration
is used to efficiently charge the lithium-ion battery,
and the motor assists the engine during acceleration to achieve torquey and fuel-efficient driving andsmooth engine stopping and starting.
The new “OUTLANDER” uses 48V BSG hybrid system specifications, generating more power from theenergy of deceleration.
*1 Short for “belt-driven starter generator,” the BSG adds motor
functionality to the generator, using a belt drive to assist engine startup and providing power assistance.

Motor
Lithium-ion
batteryEngineHybrid system on the “eK X”

Variable Valve Timing Mechanism
Mitsubishi Innovative Value timing Electronic Control
System (MIVEC)

The MIVEC is a variable valve timing mechanism forminimizing fuel consumption. The intake valve lift iscontinuously varied according to the operating condition to minimize air intake energy loss, resulting in
improved fuel efficiency.
Gasoline Direct-Injection Turbo Engine
The “ECLIPSE CROSS” adopts a 1.5L downsized direct-injection turbo engine (4B40). By precisely controlling in-cylinder injection and intake port injection
based on driving circumstances, this engine delivers
superior fuel economy and a clean exhaust gas. By
combining an exhaust manifold integrated with thecylinder head, intake and exhaust MIVEC, and a compact turbocharger with an electric wastegate actuator, the engine optimizes supercharging pressure
control to respond as the driver demands, thus delivering a comfortable and powerful driving.
The new “OUTLANDER” is also equipped with anext-generation 1.5L downsized direct injection turbocharged gasoline engine, which is an improved version of the 4B40 engine. Additionally, it is combinedwith a hybrid system that incorporates a 48V BSG.
This system assists the engine during start-up andacceleration with the motor, achieving a high level of
performance and fuel efficiency.

ESG Data

Targetl 9.4

Targetsl 13.1l 13.2l 13.3

Clean Diesel Turbo Engines
The new “TRITON” we launched in Thailand in July
2023 is equipped with a new 2.4L diesel turbo engine.
The weight and friction losses of the engine are reduced due to the optimally designed key components
such as the cylinder block, piston and connecting
rods. Additionally, the fuel injection system has been
upgraded to the next generation, providing high performance while achieving excellent fuel efficiency andclean exhaust gas characteristics.
In February 2024, we added a higher-output version of the engine with a two-stage turbocharger.
With a maximum output of 150 kW and maximum
torque of 470 Nm, it delivers powerful acceleration
and abundant torque that rises responsively from low
to mid-range speeds.
New Gasoline Engine for Electrified Vehicles
The HEV models of “XPANDER” and “XPANDER CROSS”
that went on sale in Thailand in February 2024 arepowered by a newly developed 1.6L gasoline engine forelectrified vehicles. A high expansion ratio cycle (Atkinson cycle*2) is used to improve combustion efficiency,
and an electric water pump has been adopted for the
first time in a MITSUBISHI MOTORS engine to eliminate
the auxiliary drive belt and reduce mechanical losses.

Exhaust side
Variable lift
sensorContinuously variable
valve lift system
Intake side
Variable camphase system

Variable lift
electric actuator
MIVEC engine

MITSUBISHI MOTORS CORPORATION Sustainability Report 2024

1.6L gasoline engine for electrified vehicles
Direct injection turbocharged gasoline engine (4B40)
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38▶ Next*2 A tkinson cycle: A type of internal combustion engine that uses
a higher expansion ratio than compression ratio to reduce
exhaust heat and improve thermal efficiency.
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Message fromthe President & CEO

Sustainability Management

Environment

SocialDisclosure Based on
the TCFD Recommendations

GovernanceTargets
l 7.2
l 7.3

TOPICS

Equipped with a 2.4L Clean Diesel Turbo Engine

ESG Data

Targetl 9.4

Targetsl 13.1l 13.2l 13.3are carried out systematically, we have formulated a

Taking the Initiative in Business
Activities Toward Carbon Neutrality

medium- to long-term roadmap toward carbon neutrality. Following this plan, we are working to develop
future technologies, improve production processes

To become carbon neutral, MITSUBISHI MOTORS will

and expand the introduction of renewable energy.

approach the issue from both the “demand side”

We have established the CO2 Reduction Promotion(energy consumption) and the “supply side” (energy

Subcommittee as an infrastructure of the Sustainabil-

generation and procurement). To ensure our activities

ity Committee. The subcommittee, which has mem-

“Seven Approaches” to Become Carbon Neutral“TRITON”

After launching “TRITON” in Thailand in July 2023,
MITSUBISHI MOTORS added a new variant in February
2024, which adopts a higher output version of its engine to respond to market diversification.
The new clean diesel engine with two-stage turbocharger offers maximum output of 150 kW and maximum torque of 470 Nm. It delivers a powerful sense ofacceleration and abundant torque that rises responsively from low to mid-range speeds.
In addition, the engine uses a “urea SCR*1 system”
that purifies nitrogen oxides (NOx) emitted from diesel
engines by using AdBlue, an aqueous urea solution,
thereby achieving clean emissions along with low fuelconsumption and high power output.
Torque (Nm)Supply side: Transition to low-cost, stable renewable energy(5) Introducing renewable energy(such as solar power generation)(6) Promoting the procurementof renewable energy

Supply side

Energy storage(reutilizing used batteries)

Electricity

Demand side(1) Making manufacturing
processes more efficient

Gas

CO2

(2) Promoting energy-saving
activities(3) Promoting the electrificationof motive power

Dealers

Plants(4) Developing new-generation
technologies

Output (kW)Painting process

Press process(7) Offsetting/recovering carbon

Production management

CarbonneutralProduction of plastic parts
Body assembly
Engine speed (rpm)2.4L clean diesel turbo engine

Production of battery packs

Engine machining and assembly process
Customers*1 SCR: Selective catalytic reduction*2 A dBlue®: A registered trademark of the German Association of
the Automotive Industry (VDA)
MITSUBISHI MOTORS CORPORATION Sustainability Report 2024

Welding process

Testing process

Casting and forging processes

Demand side: Work to minimize energy consumption
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Message fromthe President & CEO

Sustainability Management

Environment

SocialGovernance

Disclosure Based on
the TCFD Recommendations

Targets
l 7.2
l 7.3

bers from production, development and sales companies in Japan and overseas, aims to help the entire
MITSUBISHI MOTORS Group achieve carbon neutrality
in its business activities. The subcommittee sharesinformation on the progress of action plans, actual
CO2 emissions, and other pertinent data. It also drafts
reduction measures, considers future technologies,
and deliberates the future energy mix.

Introduction of Renewable Energy

Subcommittee to Promote the Reduction of CO₂(Chair: Senior Executive Officer in charge of Production)

Person in charge of the initiative: Division General Manager,
Production Strategy Planning Division

Production Engineering:
Division General Manager,
Production Engineering Division
Domestic plants: Plant managers
Overseas plants:
People in charge of production companies overseas
Development (business sites):
Division General Manager,
Development Management Division
Sales companies: Presidents of sales companies
Electricity procurement:
Division General Manager,
Procurement Communication Division
Gathering/sharing of information:
General Manager,
Sustainability Promotion Department

Targetsl 13.1l 13.2l 13.3

Initiatives at Manufacturing Plants
To reduce CO2 emissions from production activities,

able energy in its operations, taking into consideration

we have established a medium- to long-term road-the energy situation at each site. To do so, we are in-map to achieve carbon neutrality in each area of

troducing in-house renewable energy generation andproduction technology—pressing, welding, painting,purchasing renewable energy from energy suppliers.

assembly and powertrain—and we are developing

to achieve carbon neutrality, and we are proactively

future technologies and improving production processes to this end.

introducing solar power generation at our locations.

We are sharing good practices among all sites

In addition, in FY2023 we began introducing CO2-free

and incorporating a variety of plans into our annu-

electricity derived from renewable energy sources foral capital investment plans at individual bases andsome of our domestic production facilities.

implementing them. We are improving the efficiency
of production equipment, using electric equipment

TOPICSIn charge of promoting overall activities(Carbon Neutral Promotion Office)Promotion structure and responsible parties

Targetl 9.4

MITSUBISHI MOTORS is actively seeking to use renew-

We believe solar power offers us an important way(As of April 2024)

ESG Data

instead of the use of fuels, steam or compressed

Starting to Use Solar Power Generation Equipment(Rooftop of the Plant)

air, and upgrading general equipment to more energy-saving models.
In energy-saving activities involving participants

In FY2023, we introduced solar panels to supply 2.8MWof power at Mitsubishi Motors Philippines Corporation(MMPC), 1.7MW at Asian Transmission Corporation (ATC),and 1.3MW at the Mizushima Plant. We also added solar
panels at other locations: 5.6MW at Mitsubishi Motors(Thailand) Co., Ltd. (MMTh), 2.0MW at MMTh Engine Co.,
Ltd. (MEC), and 5.6MW at PT MITSUBISHI Motors Krama Yudha Indonesia(MMKI), bringing total
Group generating
capacity to approximately 30MW.

from production sites and production technology
and motive power departments, we are working to
improve the operation of energy-intensive processes
such as painting and casting. We also review the operation and management of power supply equipment
such as boilers and compressors, and strive to prevent air leaks and other losses. These activities focus
on operational improvements following the introduction of new facilities.

Solar power system at MMTh’s
No. 3 Plant
MITSUBISHI MOTORS CORPORATION Sustainability Report 2024

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40▶ NextBack to Contents ▶▶

Message fromthe President & CEO

Sustainability Management

Environment

SocialGovernance

Disclosure Based on
the TCFD Recommendations

Targets
l 7.2
l 7.3

TOPICSTOPICS

Optimizing Operational Control of the Painting
Process (Okazaki Plant)
At the Okazaki Plant, MITSUBISHI MOTORS has substantiallyrevised how we manage the painting process, and we areundertaking thorough initiatives toward energy conservation.
Quality control during the painting process requires that
air control be closely monitored. We have carefully reviewed
individual conditions and introduced revisions to temperature and humidity, reducing air speed and intermittent
operation, employing blowers in processes that use compressed air, and controlling air conditioning in response to
the temperature and humidity of the outside air.
As a result of these efforts, we expect to reduceenergy consumption throughout the overall painting
process by approximately 10% and reduce CO2 emissions by
3,500 tons per year.
Going forward, we will
apply the knowledge
we gain at the Okazaki
Bird’s-eye view of the paint plant
Plant to other sites.

ESG Data

Targetl 9.4

Targetsl 13.1l 13.2l 13.3

Office Initiatives

Efforts to Reduce Air Consumption (Kyoto Plant)
The compressors used to produce compressed air account for about 20% of the energy used by the Kyoto
Plant. Accordingly, decreasing the plant’s consumption ofcompressed air is a priority for reducing CO2 emissions.
In FY2023, we focused on reducing the amount ofcompressed air wasted in the casting process. We introduce such measures as the intermittent use of air forcooling and cleaning. We also expanded the rotary waterdrainage system, which we found to be highly effective
in FY2022, to other lines, and installed three new units.
Furthermore, we upgraded our compressor, improving
the energy efficiency of the compressed air supply.
These measures are expected to reduce compressor power consumption by more than 15% and CO2
emissions by approximately 2,800 tons per year.

We are also promoting the use of renewable energy and introducing various types of energy-saving
equipment in areas other than manufacturing, suchas at R&D and head office locations.
Part of the electric power used at the Researchand Development Building (Okazaki, Aichi Prefecture)and head office (Minato-ku, Tokyo) is supplied byrenewable energy, thanks to the erection of rooftop
solar power system and making use of the Tradable Green Certificates System*. Also, CO2 emissions
are being reduced by using energy-saving electricalequipment and air conditioners.
In July 2020, we began tracking electricity use andpower generation per capita at our Research and Development Building, comparing these figures with otheroffices, and using digital signage to show year-on-yearcomparisons by month. In these ways, we are working
to increase employee awareness about saving energy.

at the Okazaki Plant

Steam
Welding
process

Electricity

Gas andelectricity

Pretreatment Electrodeposition Drying and baking
Gas andelectricity

Upgraded inverter-type compressor

Drying and baking
Steam, electricity,
compressed air

Sealing

Gas andelectricity

Middle coat/topcoat Drying and baking

Digital signage at Research and Development
Building (Okazaki)

Assembly
process

Main measures

Change temperature and humidity conditions, reduce booth air speed
and intermittent operation
Use compressed air blowers, control air conditioning according to outside
air temperature and humidity* This system is used to trade environmental added value of
renewable energy generated from natural energy sources using
renewable energy certificates issued by a certificate issuer andconfirmed by a third-party organization.

Overview of the Painting Process and Energy Inputs

MITSUBISHI MOTORS CORPORATION Sustainability Report 2024

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Message fromthe President & CEO

Sustainability Management

Environment

SocialGovernance

Disclosure Based on
the TCFD Recommendations

Targets
l 7.2
l 7.3

Dealer Initiatives

ESG Data

Targetl 9.4

Targetsl 13.1l 13.2l 13.3Dealers That Have Acquired “Eco-Action 21” Certification (As of March 1, 2024)
Company

water they use, lowering the amount of waste they

Aomori Mitsubishi Motor Sales Co., Ltd.
Toyama Mitsubishi Motor Sales Co., Ltd.
Kyushu Mitsubishi Motor Sales Co., Ltd.
Higashi Nihon Mitsubishi Motor Sales Co., Ltd. Toyama Diamond Motors Co., Ltd.
Oita Mitsubishi Motor Sales Co., Ltd.
Ibaraki Mitsubishi Motor Sales Co., Ltd.
Kumamoto Mitsubishi Motor Sales Co., Ltd.
Sobu Mitsubishi Motor Sales Co., Ltd.
Kyoto Mitsubishi Motor Sales Co., Ltd.
Nagasaki Mitsubishi Motor Sales Co., Ltd.
Tokai Mitsubishi Motor Sales Co., Ltd.
Nishi Nihon Mitsubishi Motor Sales Co., Ltd. Ishikawa Chuo Mitsubishi Motor Sales Co., Ltd. Sunen Mitsubishi Motor Sales Co., Ltd.
Shiga Mitsubishi Motor Sales Co., Ltd.*1
Mie Mitsubishi Motor Sales Co., Ltd.
Gunma Mitsubishi Motor Sales Co., Ltd.

produce, and promoting the widespread use of elec-*1 Certification received for the Kyoto Mitsubishi Motor Sales Co., Ltd. Group

MITSUBISHI MOTORS encourages our dealers in Japanto acquire Eco-Action 21 certification and carry out
activities such as reducing the amount of energy andtrified vehicles.

TOPICS

Eco-Action 21 is an environmental management
certification and registration system based on guidelines recommended by Japan’s Ministry of the Environment. Eco-Action 21 has the following three features.
• The environmental management framework is easy
for small and medium-sized businesses to configureand operate.
• The system enables organizations to track and manage their CO2 emissions, working toward zero CO2.
• The system facilitates thorough management ofcompliance with environmental laws and regulations.
For details on Eco-Action 21, please see the website of the system’s
central secretariat (only in Japanese).
WEB https://www.ea21.jp/

Rolling out the DENDO DRIVE STATION across Japan’s Prefectures

Nationwide map of DENDO DRIVE STATIONs

We seek to put DENDO DRIVE STATIONs into operation in prefectures across Japan. DENDO DRIVE STATIONs are next-generation dealerships where visitors canexperience the appeal of electrified vehicles, including their use as power sourcesin times of disaster and their contribution to the environment.
In FY2023, we opened four stations*2, bringing the nationwide total to 97.
By deploying DENDO DRIVE STATION branches across Japan, we will increase
the significance of electrified vehicles by diversifying their energy sources andcommunicating their value as sources of electric power in times of disaster.
Please see our website for details on our next-generation dealerships, called DENDO DRIVESTATIONs. (only in Japanese)
WEB https:/ttps://www.mitsubishi-motors.co.jp/carlife/phev/dendo/index.html*2 The Shin-Nanbu Branch of Kumamoto Mitsubishi Motor Sales Co., Ltd., the Saga Branch of
Kyushu Mitsubishi Motor Sales Co., Ltd., and the Auto Mall Tarami and Sasebo branches ofNagasaki Mitsubishi Motor Sales Co., Ltd.

Shin Nanbu Branch, Kumamoto Mitsubishi Motor Sales Co., Ltd.

Exterior

Lifestyle Corner
In a corner designed to look like a typicalhousehold dining area, we conduct a “1500W
experience demonstration” to show how
daily life can go one, even during disasters, by using just a 100V AC power supply(1500W) from an electrified vehicle.

Electrified Vehicle Charging Facilities
Electricity generated by the solar powersystem is used to charge electrified
vehicles through V2H*3 equipment.

*3 V2H: Vehicle to home, V2H is a system that enables electricity stored in a car’s battery to be supplied to the home.
MITSUBISHI MOTORS CORPORATION Sustainability Report 2024

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Message fromthe President & CEO

Sustainability Management

Environment

SocialGovernance

Disclosure Based on
the TCFD Recommendations

Targets
l 7.2
l 7.3

Physical Distribution
Capture and visualize Global Logistics
CO2 Emissions
MITSUBISHI MOTORS is promoting to capture andvisualize Global Logistics CO2 emissions across the

ESG Data

Targetl 9.4

Targetsl 13.1l 13.2l 13.3

In addition to the ongoing efforts to understandWorking to Reduce CO2 Emissions from Logistics

Logistics CO2 emissions from overseas production

We are promoting initiatives to reduce Logistics CO2

plants, in FY2023, we expanded the scope to include

emissions in the transportation of production parts,

overseas vehicle sales subsidiaries. Furthermore, we

after sales parts, and finished vehicles. Key logistics

are analyzing the visualized Logistics CO2 emissions

efficiency measures include not only improvements

and promote initiatives to reduce emissions.

driven by our own efforts, such as packaging improvements and increasing transport loading rates,

global supply chain, including overseas operations.

but also active and comprehensive initiatives throughcollaboration with logistics partners. These include
promoting eco-driving, increasing the size of transport equipment, modal shifts, reducing transport

Schematic of Our Global Logistics Domain
Procurement, parts, and supply
logistics

Our plants
in JapanPorts, airports and logistics bases

Vehicle distribution
centers

Logistics
warehouse

Domestic
suppliers

Vehicledealers
in JapanSales
locationsPorts, airports and logistics bases

partners, and shared use of logistics facilities. In addition to these proactive and comprehensive measures,
we are considering collaborating more closely with
Production parts logistics
TrucksPorts, airports and logistics bases

Procurement, parts, and supply
logistics
MITSUBISHI MOTORS CORPORATION Sustainability Report 2024

Trainsvehicles that run on non-fossil fuels.

Car carriers Trains

Ports, airports and logistics bases
Vehicle distribution
centers

Logistics
warehouse

Our plants
overseas

Container
ships

logistics partners to encourage the introduction of

Finished vehicle logistics
Trailers

Ocean and air

Overseas
suppliers

distances through joint transportation with alliance

Logistics of finished vehicles,
parts, and supplies

After sales parts logistics
Trucks

Vehicledealers
overseas
Sales
locationsContainer
ships

Trains

Logistics of finishedvehicles, parts, and supplies
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Message fromthe President & CEO

Sustainability Management

Environment

SocialGovernance

Disclosure Based on
the TCFD Recommendations

Targets
l 7.2
l 7.3

ESG Data

Targetl 9.4

Targetsl 13.1l 13.2l 13.3

TOPICS

Initiatives to Reduce CO2 Emissions in Parts and Finished Vehicle Transportation
 Improvement Example 1: E nlarge transportation equipment: Introduced full trailers(Nakatsu, Oita Prefecture → Distribution center near MITSUBISHI MOTORS Mizushima Plant)
Previously: Transported by large trucks

 Improvement Example 3: M odal Shift: Use of Rail Freight Transportation(Mizushima Plant → Niigata Prefecture)

After improvement: Introduction of full trailers

Distribution route: Nakatsu, Oita Prefecture → Distribution center near Mizushima Plant(Kurashiki, Okayama Prefecture), approx. 400 km
Previously:
After improvement:
Improvement effectLarge trucks
Full trailers
Trips per month40
22
Down by 18
228t-CO2
150t-CO2
Down by 78t-CO2
Annual CO2 Emissions

Target logistics route: Kurashiki Cargo Terminal Station → Niigata Cargo Terminal Station,
approx. 790km
Previously:
After improvement:
Improvement effectTransported by trailer Transported by rail
10.8t-CO2
2.4t-CO2
Down by 8.4t-CO2
Annual CO2 Emissions

 Improvement Example 2: Modal Shift That Utilizes Domestic Vessels*(Shin Moji Port → Osaka South Port)
Shipping
point
Large truck

Relay
point

Approx. 500km

Shin Moji Port

Semi-trailer

Osaka
South Port

Domestic vessel

Logistics
depot

Semi-trailer

Okazaki Plant
Large truck

Target logistics route: Kitakyushu area → Okazaki Plant (Okazaki, Aichi Prefecture), approx.
750 kmPreviously:
After improvement:
Transported by large
Transported by
Improvement effecttrucksdomestic vessels
265t-CO2111t-CO2
Down by 154t-CO2
Annual CO2 Emissions* Domestic vessel: Ship used for transport cargo within in Japan

In addition, our use of domestic vessels for modal shift (Shin Moji Port
to Osaka South Port) was commended by the Director-General of the
Maritime Bureau of the Ministry of Land, Infrastructure, Transport andTourism as an excellent operator in the “FY2023 Eco-Ship Modal Shift
Project” organized by the Japan Long-Course Ferry Association, and wasawarded the “Eco-Ship Mark” certification.
MITSUBISHI MOTORS CORPORATION Sustainability Report 2024

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