Message fromthe President & CEO

Sustainability Management

Environment

SocialGovernance

Disclosure Based on
the TCFD Recommendations

ESG Data

Message from the President & CEO

MITSUBISHI MOTORS Group contributes to therealization of a sustainable society
through our business activities.

In recent years, sustainability issues including
addressing climate change and respect for humanrights have become increasingly critical in corporate management. Additionally, the developmentof technologies including AI and IoT has changed
drastically the concept of automobiles to transport
people and goods, and the automotive industry
has entered a new era. Under these circumstances, MITSUBISHI MOTORS has adopted the vision of“Create vibrant society by realizing the potential ofmobility” to convey our desire to contribute to therevitalization of the whole society by promoting
new challenges and economic activities of individuals through the streamlining and optimization ofpeople’s mobility. We are committed to this vision.
In pursuit of this vision, through our mid-term
management plan “Challenge 2025,” we strive tobuild our mobility business, achieve carbon neutrality, which represents a global challenge, ensure
respect for human rights, establish a workplace
where diverse talent can thrive.
We will also thoroughly refine our unique character, which is “the provision to customers of afulfilling mobility life that awakens their adventurous spirit on the basis of reliability backed up
MITSUBISHI MOTORS CORPORATION Sustainability Report 2024

by technology that achieves ‘Eco-friendly × Safety
technology, Peace of Mind and Comfort’” and contribute to the realization of a sustainable society.
While deepening mutual understanding throughdialogue with diverse stakeholders, we will contribute to the realization of a sustainable society
through our familiar product, namely, the vehicle.

Challenge to realize “Environmental Vision 2050.”

Currently, companies are expected to address environmental issues including climate change in order toinherit an irreplaceable global environment rich in water and greenery for the next generation and beyond.
Responding to such social demands, we formulated“Environmental Vision 2050,” which defines the social
vision we wish to realize by 2050 and the direction of
our efforts with regard to “Climate Change Countermeasures,” “Resource Recycling,” and “Environmental
Pollution Prevention,” and have been working up toits realization.
Concerning climate change countermeasures,
We will continue to introduce electric vehicles, plugin hybrid vehicles and hybrid vehicles at appropriate
times, as well as promote energy conservation measures in our business activities and the introduction
Back ◀

06▶ NextTakao Kato
Member of the Board
Representative ExecutiveOfficer,
President & CEO
MITSUBISHI MOTORSCORPORATION

and expansion of renewable energy, aiming to achievecarbon neutrality in the entire supply chain by 2050.
We will also promote energy conservation measuresin our business activities and the introduction andexpansion of renewable energy.
For procurement and logistics, we have cooperated with major suppliers and transportation companies
to reduce CO2 emissions in the production and procurement stages of raw materials and parts, also to
improve the efficiency of transportation of products
and parts.
In terms of “resource recycling,” we will contributeto the realization of a resource-recycling society byminimizing resource inputs and maximizing resource
efficiency through recycling-conscious design and development, promotion of end-of-life vehicle recycling,and efforts to control emissions and recycle resourcesin production activities. With respect to “preventionof environmental pollution,” we will contribute to therealization of a society free from environmental pollution that affects human health and ecosystems by
reducing the environmental impact of our products
and pollution caused by our business activities, suchas cleaner driving emissions and reduction of environmentally hazardous substances.
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Message fromthe President & CEO

Sustainability Management

Pursuing the Potential of Mobility

As the automotive industry faces an era of profoundchange, MITSUBISHI MOTORS regards digital transformation and expansion into new business fields as newseeds for growth, and we will continue to strengthen
these initiatives. Some of our notable initiatives arethat we utilize used batteries as mobile batteries tohelp coordinate the supply and demand of electricity,and also we conducted demonstration tests to use
the vehicle batteries to as emergency power sourcesin case of power cuts due to natural disasters. While
exploring the potential of business opportunities
unique to an automobile manufacturer, such as theutilization of batteries, and collaborating with otherindustries, we will promote the establishment of afoundation for full-scale development to make it a
new pillar of earnings.

Creating Fulfilling Workplaces and Investing in
Human Resource Development

Amid rapid changes in the business environment andan aging society with a declining birthrate, it is essential for us to attract, develop, and retain a diverse
workforce with high aspirations and expertise in orderto achieve sustainable growth and increase corporate value. Furthermore, employee retention strategy
is essential. Recognizing that human resources aremanagement capital, we are committed to creating
an environment in which each employee can feel fulfilled, fully demonstrate his or her abilities, and workin a healthy and energetic atmosphere, both physically and mentally.
With “building a better place to work,” “enhancing learning opportunities /reskilling programs,” and“cultivating a diverse workforce” as the direction ofhuman resources strategy in support of the mid-term
management plan “Challenge 2025,” by reviewing systems and measures related to reform of work styles
and development, as priority items, we will promote
the establishment of a workplace in which each andMITSUBISHI MOTORS CORPORATION Sustainability Report 2024

Environment

SocialGovernanceevery employee is motivated to work and the development of human resources.

Ongoing Strengthening of Efforts to Respect
Human Rights

It is essential to address respect for human rights inorder to expand our business globally and achievesustainable growth, as well as to fulfill our corporatesocial responsibility. We express our support for theUnited Nations Global Compact, which addresses the10 principles in the four areas of human rights, labor,environment, and anti-corruption, and as a participating company, we support and respect international
norms and standards such as the International Bill of
Human Rights and the Guiding Principles on Businessand Human Rights. In addition, the Group’s “HumanRights Policy” outlines the prohibition of discrimination and the elimination of unfair labor practices.
Through our human rights due diligence mechanism, we pursue human rights assessments at
our company and group companies to identify andconfirm the negative impact of our business activities on human rights, and to make prompt improvements in order to strengthen the prevention ofhuman rights violations.
Moreover, suppliers are required to agree to ourSupplier CSR Guidelines to promote respect for humanrights in the supply chain, and we endeavor to understand the situation through CSR assessments of oursuppliers by third-party evaluation organizations.
Since the automotive industry has a wide andcomplex range of suppliers, there are concerns about
potential risks such as child labor and forced laborin the procurement of raw materials and productionof parts outside of our direct suppliers. Therefore,
we collaborate with our suppliers to eliminate suchrisks and further strengthen the prevention of humanrights violations.
Given the direct and indirect impact of environmental issues on human rights, we reinforce our iniBack ◀

07▶ NextDisclosure Based on
the TCFD Recommendations

ESG Data

tiative for environmental protection including “Climate
Change Countermeasures,” “Resource Recycling” and“Environmental Pollution Prevention.”

Enhancement of Sustainable Management

Based on the recognition that addressing sustainability issues is the pillar of the Group’s management,
directors and general managers are appointed tobe responsible for all fourteen materialities, and theSustainability Committee, which I chair, confirms theprogress of the initiatives. Significant matters, such as
climate change measures, are reported to and deliberated by the Board of Directors.
Sustainable management requires a shared awareness among all executives and employees. To this end,
“CO2 emissions from business activities” and “employee engagement” are incorporated as indicators fordetermining mid- to long-term performance-linked
remuneration for executives. I strive to raise employee awareness of the importance of sustainability byrepeatedly communicating the importance of sustainability putting my thoughts into words through town
hall meetings and other opportunities.
Through the various initiatives described above,
we will continue to enhance and strengthen ourgovernance, placing the highest priority on compliance, while aiming to provide value that meets theexpectations of our customers, shareholders, and allother stakeholders.
We will reinforce our group-wide sustainable
management with a prominent level of transparency
going forward.

Takao Kato
Member of the Board
Representative Executive Officer, President & CEO
MITSUBISHI MOTORS CORPORATIONBack to Contents ▶▶