Initiatives thatContribute to Addressing
Social Challenges
Public Utility Systems Group .......................................... 15
Energy & Industrial Systems Group ............................... 16
Building Systems Group .................................................. 17
Defense & Space Systems Group .................................. 18
Living Environment & Digital Media
Equipment Group ............................................................. 19
Factory Automation Systems Group ............................. 20
Automotive Equipment Group ....................................... 21
Semiconductor & Device Group .................................... 22
Information Systems & Network Service Group ......... 23
Co-creations with External Parties ................................ 24
List of Initiatives that Contribute toAddressing Social Challenges ........................................ 25

Contents /About the ReportManagement Message

Sustainability Highlights

Initiatives that contribute toaddressing social challenges

Sustainability
Management

Environment

SocialAbout
Mitsubishi Electric Group

Governance

TopicsPublic Utility Systems Group

Railway LMS on INFOPRISM*
Solutions to support safety, security and efficiency of railway operation

Contributing to creation of a sustainable,"Railway LMS on INFOPRISM" is designed for railway operators, who are tasked with ensuring
safe and suitable transportation. We provide multifaceted support by utilizing our proprietary
IoT platform“INFOPRISM”which leverages our own AI technology.

safe, secure, comfortable and affluent
society by providing products, systems* LMS stands for“Lifecycle Management Solution”, i.e., a total life-time support for rolling stock in railway business.

and services for the social infrastructurethat underpins our lives

Wide range of support for“Railway LMS on INFOPRISM”
Hideto Negoro

Improved rolling stock availability

Executive Officer,
Group President,
Public Utility Systems

In the event of a breakdown, Realtime remotemonitoring for rolling stock equipment data
enables quick and accurate operations andreduces the impact on personnel arrangement
and rolling stock operations. In the future,
we will attempt to prevent breakdowns andmalfunctions by using data analysis to detectsigns in advance.

The Public Utility Systems Group provides a host of products, systems and services used in social
infrastructure in the areas of water environment, rivers, railways, roads, aviation, and communication.
Integrating the wide range of technologies. We have accumulated over the years, we provide solutions
to address various social challenges in order to contribute to a safe, secure, comfortable and affluent
society.

1. Realizing a society with rich water cycle

Mutual data utilization among railway operators

We will continue to reduce environmental burdens and realize a society with rich water cycle byadvancing water and sewage systems using IoT technology and introducing highly efficient water
recycling systems that make use of ozone.

2. Contributing to the achievement of carbon neutrality

We will contribute to further development of environmentally-friendly railways and to theachievement of carbon neutrality with energy efficient electrical components for rolling stockand by providing solutions that improve maintenance efficiency.

Tokyo Metro and Tobu Railway have conducted the trial operation of
the Rolling Stock Information Monitoring System, which enables data
linkage between railway operators.

In addition, the analysis of various rolling stock data is expected to make a wide range ofother contributions, such as improving and streamlining maintenance as well as optimizing
operations from the perspectives of management and the environment.

3. Creating safe, secure and comfortable cities

Mitsubishi Electric aims to create safe, secure and comfortable cities by providing disasterprevention and mitigation systems in response to natural disasters as well as services thatenhance maintenance and management of social infrastructure.
Major social challenges for which risks and opportunities
have been recognized and evaluatedIf railway operators have already set up therolling stock information monitoring system
on INFOPRISM, they can monitor the failure
statuses of other operators' rolling stockrunning on the same line, which can lead to
improved operations.

Launch of "Railway LMS on INFOPRISM," a maintenance solution for railway rolling stock

Voice

Priority SDG initiatives

Combination of railway expertise and data analysis to promotecustomer challenges● Appropriate use of water● Optimal use of energy

Since its introduction in 2019, we have gradually expanded the number ofroutes and added features that go beyond data analytics. Customers havecommented that when a breakdown occurs, they can check data in realtime without having to visit the site, which enables faster, more accurate,
and more efficient recovery. They also note that having data-based views attheir fingertips makes it easier to consider energy-saving measures. ThroughRailway LMS, we will continue to contribute to operation, maintenance anddevelopment of railways, which are critical social infrastructure, from safe,
secure transportation to advanced, efficient maintenance, energy savings,
and passenger services.

● Addressing climate change● Measures against air, water, and soil pollution● Waste reduction and management● Sustainable use and development of resources● Development of safe, secure, comfortable, andsustainable cities

Public Utility Systems Group15

Yohei Harashima

Public Utility Systems Group
Transportation Systems Division,
Transportation Division,
Transportation Section 1 and Railway AssetManagement Business Promotion GroupContents /About the ReportManagement Message

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Sustainability
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TopicsEnergy & Industrial Systems Group

VSC-based high-voltage direct current systems "HVDC-Diamond"*®

Stable supply of electricity from offshore wind power generation

In response to increasing electric demand to* High Voltage Direct Current (HVDC) range is more than 1500VDC in the power industry.

support a sustainable society,

Renewable energy, which is considered to be an effective energy resource to achieve carbon
neutrality which has come to be a global environmental challenge in recent years, is typicallygenerated far from onshore substations or where power is needed, so advanced transmission
technology is required to ensure effective, reliable power supply. Thus, direct current (DC)power transmission has been attracting attention. DC transmission has higher transmission
efficiency than alternating current (AC) transmission and can easily be interconnected with
offshore wind, solar power generation, and other renewable energy resources. In particular,
demand for "VSC-based" DC power transmission systems, which do not require a generator
appropriate for the converter to convert between AC and DC, is expected to grow because it
has few limitations on the grid conditions to connect.

we will contribute to realization both ofcarbon neutrality and stable power supply
through our strong development andengineering capabilities

Soichi Hamamoto
Executive Officer,
Group President, Energy &Industrial Systems

Amid growing awareness concerning response to increasingly severe natural disasters as well as energy
security, the markets surrounding the energy industry face various challenges. While solving technology
challenges, including increase of local production for local consumption in terms of the supply anddemand of electricity due to the spread of renewable energy resources and storage batteries, fluctuationsin the output of variable renewable energy resources such as solar and wind power, and the influx ofsurplus electricity generated at factories, households, etc. (consumers) into the power grid, the industry
needs to realize both stable power supply and its efficient operation.
In the midst of this situation, the Energy & Industrial Systems Group has defined the realization of bothcarbon neutrality and the stable power supply as a social issue to be resolved. While investing resourcesin the creation of digital energy (via visualization of electricity) business value within the power ICT field
and in the technology development to contribute maximum use of renewable energy, such as DC powertransmission and power system stabilization technology as well as distributed energy resources control
and wide-area monitoring control systems, we will contribute to realization of carbon neutrality. In the
power generation and transmission & distribution business, which are underlying business of the Group,
we will also work to ensure the stable power supply by enhancing maintenance service that supports
stable power grid operation.

Major social challenges for which risks and opportunities
have been recognized and evaluated

VSC-based DC Power Transmission System
AC(Alternating
Current)

AC/DC Converter station

AC/DC Converter station

DC (Direct Current)AC
network

Transformer

VSC

Cable orover-head line

AC

(Alternating
Current)

AC
network

VSC

Transformer

Leveraging its extensive experience inpower generation and transmission &distribution fields, Mitsubishi Electric
has developed the HVDC Diamond®, a
VSC-based HVDC power transmission
system that integrates a power
converter station with covering all
DC power transmission system. The
system contributes to realizing stable
power supply generated from windfirms by installing in onshore wind
substations.

Comprehensive evaluation at the HVDC verification facility
The HVDC-Diamond® verification facility has been operating since
2018. In addition to accumulating data on control, long-term stability,and practical performance, we will verify operation in the event ofa fault on the AC network and DC network with actual scalet toprovide highly reliable systems that meet diversifying market needs.

Voice

Priority SDG initiatives

Contributing to social infrastructure toward carbon neutrality● Optimal use of energy

MMC(Modular Multi-level Converter)-based Voltage Sourced Converter,
which have excellent controllability and contribute to converter station
miniaturization, have become the mainstream of power converters.
I was involved in the development, commercialization, and producttesting of the MMC-based STATCOM (SVC-Diamond®), which became
operational in 2017, and the construction of a demonstration plant forthe same system (HVDC-Diamond®). I am presently involved in productdevelopment to apply the technology to actual projects in the future,and system development to achieve greater efficiency and further
miniaturization. Our aim is to contribute to the safety and stability ofsocial infrastructure, with a view to introducing renewable energy, which
is attracting a great deal of attention in the age of carbon neutrality.

● Introduction of clean energy● Sustainable use and development of

resources● Addressing climate change

Energy & Industrial Systems Group

16

Daisuke Yamanaka
Energy & Industrial Systems Group
Transmission & Distribution Systems Center
Power Systems Engineering Center
FACTS/HVDC System Development Section

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TopicsBuilding Systems Group

Robot mobility support service utilizing Ville-feuille®
Solving labor shortages by creating a robot-friendly building
environment

ご支給待ち

Making the most of the Mitsubishi ElectricGroup’s advanced and environmental

To solve the labor shortage, one of current social challenges, service robots are being
introduced in many buildings. Mitsubishi Electric, which has extensive expertise in building
equipment, provides robot mobility support services utilizing the Ville-feuille® building IoT
platform. By connecting robots to elevators and other equipment, this service facilitates
the movement of robots within buildings, enabling robots to autonomously move between
floors and managing multiple robots with various applications. We support the activities
of service robots and their coexistence with humans, thus contributing to solving the labor
shortage.

technologies to provide solutions thatsatisfy customers in all aspects of safety,
comfort, efficiency and the environment

Iwao Oda

Senior Executive Officer,
Group President, Building Systems

Facilities inside andoutside the building Data collection

The Building Systems Group manufactures building management systems and elevators andescalators that provide vertical transportation within buildings. As part of our mission to deliverproducts and systems and the subsequent maintenance thereof, we believe it is important togive priority to the safety and security of our customers throughout the product lifecycle. In
doing so, we help to create a comfortable, environment-friendly society through our products
and services. Maintaining this promise, the Building Systems Group is focused on the following
initiatives:

Air
conditioning

Lighting

Ventilation

Hot water
supply system

・・・

Use of data inservices

Elevator

Smart City/Building IoT Platform

Services to support
building operation
Robot mobility
supportExpansion
services
inprogress
Energymanagement
services

Toward a safe, secure environment in which humans
and robots coexist

1. Pursuing user-friendly, eco-conscious products

An experiment was conducted at Fujita Health University
Hospital (in December 2022) to verify elevator safety
when a human and a robot ride together. Safe, smoothtransportation has been realized by alleviating the existing
problem of reduced operational efficiency due to robotonly operation that forbids human passengers from ridingin the same elevator car.

2. Offering one-stop ZEB*1 solutions
3. Contributing to smart buildings*2 and smart cities*3*1 A building where the net consumption of fossil fuel energy is zero or roughly zero, offset by energy savings and the utilization of renewable energy resources.
*2 Buildings where people feel safe and comfortable and can work efficiently that also solve social challenges through energy and labor savings achieved with inbuilding data collected using IoT technology.
*3 Cities with optimized urban infrastructure and facility management operations as well as increased convenience and comfort for businesses and consumers.
AI is used to analyze big data generated from facilities, the environment, and consumer behavior data in order to remotely control facilities and equipment.

Major social challenges for which risks and opportunities
have been recognized and evaluatedServicerobotsAccesscontrol system

Mitsubishi Electric SOLUTION SITE“Robot Management Solution”(in Japanese text)

Voice

Priority SDG initiatives

Robot-friendly building environment foreasy robot movement● Optimal use of energy● D evelopment of safe, secure, comfortable

Using my experience as a former building systems engineer, I havebeen involved in the concept planning and demonstration testingof Ville-feuille ® since its inception. Utilizing Ville-feuille ®, we haveachieved synergy between the long-established technology ofelevators and the new service of robots. The number of service
robots is expected to grow rapidly in the next few years, and we will
support their smoother movement within buildings to help establish
traffic rules among robots.

and sustainable cities● Waste reduction● Addressing climate change

Building Systems Group17

Tomoaki Sugiyama
Mitsubishi Electric Building Solutions Corporation
Domestic Business Group
Business Development Division
Administration & Sales Management Department
System Planning Department
Service Section

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TopicsDefense & Space Systems Group

Quasi-Zenith Satellite System MICHIBIKI
The number of satellites monitoring our whereabouts is scheduled
to increase from four to seven*

Contributing to solving environmental

Navigation functions enable you to view your whereabouts
on a map using a variety of devices. In the Quasi-Zenith
Satellite System MICHIBIKI, one of the four positioning satellites
developed and manufactured by Mitsubishi Electric is constantly
positioned near the zenith over Japan. This makes it possible
to send positioning signals to places where it was previously
unavailable, such as built-up urban areas and mountainous
regions. By supplementing GPS signals, it enables positioning
accuracy down to the centimeter level. Three additional satellites
are planned to be launched from fiscal 2025 onwards, and theseare expected to further stabilize positioning accuracy.

issues and create sustainable cities by
providing artificial satellites and other highadded-value products and services

Tomonori Sato

Executive Officer, Group President,
Defense & Space Systems* In addition to the four satellites currently in operation, three additional satellites (Nos. 5 to 7) are scheduled tobe launched from fiscal 2025 onwards.

The Defense & Space Systems Group is contributing to the realization of an affluent society
by providing artificial satellites, various sensor systems, and other ranges of products andservices. By further enhancing our strength in the satellite system, sensor, high-precision
positioning, and other technologies and advancing the following initiatives by leveraging thesestrengths, we will continue to solve social issues:

Active in a variety of fields directly related to our daily lives
By combining high-precision positioning terminals thatreceive positioning signals from satellites with highly
accurate 3D maps generated from location information
obtained by MMS,* we are working to provide various
solutions that contribute to the creation of safe, secure,and comfortable communities in the following areas:
・The automobile sector, such as eco-drive control andautomated driving;・Railways, such as improving the efficiency of train
operations and management;
・Automated operation of agricultural and construction
machinery in the agricultural sector; and・Construction and civil engineering, etc.

１．
Providing products and services that contribute to solving environmental issues

With our observation satellites, represented by the greenhouse gases observing satellites(the GOSAT series), we contribute to solving global-scale environmental issues by providing
data on the global environment, such as greenhouse gas density distribution and air pollution
monitoring.

２．
Providing solutions that contribute to solving various social issues by using satellite data

By utilizing image data and location information from observation and positioning satellites toprovide new solutions for disaster prevention and reduction as well as automated driving, we
will contribute to creating secure, safe, and comfortable sustainable cities.
Major social challenges for which risks and opportunities
have been recognized and evaluatedQuasi-Zenith Satellite System MICHIBIKI (in Japanese text)

Voice

Priority SDG initiatives

Services to realize a high-precision positioning society using“MICHIBIKI”● S ecuring of a sustainable food production

MICHIBIKI, which has offered services as a four-satellite constellation since
2018, will add three additional satellites from fiscal 2025 onwards, bringing thetotal number of satellites in service to seven. The seven-satellite constellation
will provide continuous positioning by Japan's own satellites, without relying
on GPS or other satellites, and is expected to continue to be used as part ofthe country's sustainable infrastructure. Our centimeter level augmentation
service is used in advanced driver assistance and autonomous driving
systems, including hands-free systems, as well as in automotive and snowplow
applications, and their applications continue to expand. Future expected
applications include the fields of drones, agricultural machinery, construction
machinery, ships, and so on. We will continue to support the government indeveloping and expanding infrastructure that contributes to creating a safe,
secure, and comfortable society for people.

system● Integrated management of water resources● I nfrastructuredevelopment that supports
economic growth and disaster prevention● C reating

secure, safe and comfortablesustainable cities● Reduction and management of waste● Addressing climate change● Prevention of marine pollution● Prevention of deforestation* M obile Mapping System: A system in which a GPS antenna, laser
scanner, camera, and other devices are mounted on a vehicle tocollect 3D positioning information about the shapes of buildings,
roads, and their surroundings while the vehicle is in motion.

Defense & Space Systems Group18

Hisashi Domoto
Quasi-Zenith Satellite
Promotion Division
Sales Section

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TopicsLiving Environment & Digital Media Equipment Group"ecodan" series
All eyes on ATW,* a highly energy
efficient heating and hot water system

Providing products that are helpful for

In European countries that are advancing
decarbonization policies, the trend in heating andhot water supply equipment is shifting from fossil
fuel boilers to heat pumps that use air heat. In
particular, demand for air-to-water systems, which
can be used directly with hot water heating
systems prevalent in Europe, is growing rapidly.
Air-to-water systems are also highly energy
efficient and are attracting attention as a solution
to skyrocketing utility costs.

society and the environment in wide
areas to create comfortable spaces
Yasumichi Tazunoki

Executive Officer, Group President,
Living Environment &Digital Media Equipment* Air to Water (heat pump hot water system)

The Living Environment & Digital Media Equipment Group is working to expand ourbusinesses including the air conditioning and refrigeration systems business as one of the
key growth sectors at Mitsubishi Electric. In addition, we are pressing forward with proposals
of total solutions using IoT and AI technologies as well as products within and outside theMitsubishi Electric Group to realize life solutions for everyone, from workers to people athome, to live by their own values.
As we expand business, we believe it is important to provide products and services that
contribute simultaneously to achieving sustainability, safety, security, and comfort as well as
to resolving social challenges in the living environment. As part of this, we offer environmentfriendly systems and services, including air conditioners that produce less CO2 during use
and our energy-saving EcoCute product lineup, to create comfortable spaces across a broad
range of areas such as the home, the office, and industry. Additionally, Mitsubishi Electric
proposes solutions that aim to achieve energy savings by building systems as a whole insupport of programs such as ZEB, promoted by the Japanese government, in cooperation
with the Building Systems Group.

Major social challenges for which risks and opportunities
have been recognized and evaluated"ecodan" uses new refrigerants tosignificantly reduce environmental impact
In Europe, Mitsubishi Electric has expanded "ecodan"
series of air-to-water (ATW) heat pump hot water
systems. In response to the trend toward replacing
refrigerants having high global warming potential (GWP),
which are subject to F-gas regulations, with refrigerants
having lower GWP, we havelaunched the new PUZ-WZ
series in 2023, which use
R290 as a refrigerant. R290
reduces the GWP to 1/225
compared to conventional
R32 refrigerant, significantly
reducing environmental
impact.

Strengthening of the development
and production
E H L (ecodan H eating L ab.) wasestablished in France to strengthen thedevelopment system for accelerating
the introduction of products andservices that meet market needs.
Regarding production, we started
mass production of the ATW at a newplant in Turkey. The target production
volume for the first year is 100,000
units, and we are planning to increase
production in subsequent years.

Voice

Priority SDG initiatives

Meet local needs while responding to rapidly expanding markets● O ptimal use of energy

We don't expand ATW in Japan, so it is difficult to understandcustomer's needs. However, the establishment of EHL in France
has made it possible to gather market information from various
European countries and to apply it to development. ATW leads
the market by offering a product lineup that is carefully tailoredto local cultures, such as featuring low noise and compactness,while striving to reduce environmental impact. In addition, bystrengthening our plant in Turkey and establishing a production
system, we will meet the increasing demand in Europe.

● Introduction of clean energy● D evelopment of safe, secure, comfortable

and sustainable cities● S ustainable use and development ofUsing heat pump technology that utilizes electricity, heated wateris circulated through pipes and radiated from floor heaters andradiators to warm the entire residence. It can also be used toprovide hot water for shower and cooking.

resources● Proper management of chemical substances● Addressing climate change

Living Environment & Digital Media Equipment Group

19

Mariko Nakamura
Shizuoka Works
Sales Department
Air Conditioning Overseas Planning Section

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Factory Automation Systems GroupKey growth businesses (Controllers (PLCs), Servo, and CNC)
Helping address labor shortages, especially in growing industries,
by improving manufacturing efficiency

Contributing to the realization of asustainable society through the provision

In an aging society with a declining birth rate,
pursuing automation is essential to making
manufacturing sustainable. By using automation
technology to streamline manufacturing, we
can prepare for an era of labor shortages. In
2022, the Factory Automation Systems Groupestablished a global slogan of "Automating
the World" with the determination to "support
the innovation of cutting-edge automation
technology and contribute to the realizationof a more prosperous society" through strong
support for growth industries, such as EVs andbatteries, semiconductors, and displays, aswell as helping solve social challenges.

of energy saving equipment and solutions
and the utilization of automation
technology at production sites

Toshie Takeuchi

Executive Officer, Group President,
Factory Automation Systems

The Factory Automation Systems Division is focused on enriching the lives of people aroundthe world by contributing to co-innovation with industry and infrastructure customers throughthe use of technology.
Going forward, we will continue to contribute to solving social challenges, such as
decarbonization and labor shortages, with the aim of realizing a sustainable society byproviding production sites with energy-saving equipment and solutions that utilize automation
technology.

１．
Contributing to decarbonization by providing energy-saving equipment and solutions

Amid the growing demand for decarbonization related products, such as batteries, electric vehicles,
and solar panels, we will contribute to manufacturers of those products by providing equipment,
systems, and solutions with high energy saving capabilities for use in production equipment helping to
reduce their overall energy consumption.

２．
Contributing to measures to reduce the impact of labor shortages by utilizing
automation technology

From left to right: Controllers (PLCs), Servo, and CNC (numerical control unit). In these key growth businesses,
we will enhance our competitiveness and do our part to address social challenges.

We will contribute to measures to reduce the impact of labor shortages by supporting customers in
improving manufacturing efficiency through the utilization of automation technology.

Major social challenges for which risks and opportunities
have been recognized and evaluated

Voice

Priority SDG initiatives

Contributing to sustainability through innovation in motor control technology● S ustainable use and development of resources

We develop and manufacture servo systems used to drive the various
moving parts of manufacturing equipment. Our servo systems are supplied toequipment manufacturers and others globally. Devices such as servo motor’sexecute precise angular rotation of the motor shaft as commanded, in orderto accurately control machine positioning. Servo systems are widely used in
manufacturing equipment for LCD displays, smartphones, semiconductors, andother products that require high-speed, high-precision positioning control, andthey have contributed to improving the quality and lowering the cost of ourcustomers' products. In recent years, servo systems have been increasingly Takashi Okamuro
applied to the production of batteries used in EVs as well as photovoltaic
Nagoya Works,
equipment, both of which are attracting attention for their role in achieving
Drive System Department
carbon neutrality. We are focusing our efforts on developing energy-saving
systems and motors that can be produced in a resource-efficient manner.

● Addressing climate change● M easures against air, water, and soil pollution● A ddressing the declining labor force population

Factory Automation Systems Group

20

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TopicsAutomotive Equipment Group

Infrastructure-coordinated local autonomous driving system
Toward the practical deployment of autonomous driving
technologies that enable high levels of safety and comfort

Aiming to achieve the SDGs throughdevelopment of technologies andAs the public and private sectors work together to promote the use of autonomous
driving against the backdrop of labor shortages due to the declining birthrate andaging population, as well as heightened safety awareness, Mitsubishi Electric has beendeveloping an "infrastructure-coordinated local autonomous driving system" by extending
to infrastructure the ADAS (Advanced Driving Assistance System) technology that it has
cultivated in the market. As part of a policy project under the auspices of the Ministry of
Economy, Trade and Industry, which we have been participating in since 2021, we realized
Japan's first Level 4 autonomous driving system in Eiheiji-cho, Fukui Prefecture (approved in
May 2023), and have been relentlessly developing the technology.

corporate activities that contribute to thedecarbonization of the automobile industry
and the creation of a safe and secure society

Atsuhiro Yabu

Executive Officer, Group President,
Automotive Equipment

The Automotive Equipment Group aims to provide a range of equal opportunities to movesafely and freely with low impact on the environment for all people, including the elderly,
those with disabilities, and visitors from foreign countries people who do not understandlanguage, by providing electronic and electric device components. Through these efforts, wewill contribute to realizing a sustainable society.
As an example of efforts for decarbonization in the manufacturing processes ofautomotive equipment, we are reducing electricity usage by introducing high energy
efficiency equipment, using waste heat for production equipment, and thoroughly
implementing energy-saving technologies such as centralized monitoring and optimized
control of air conditioning and ventilation equipment. Moreover, we are promoting energy
generation, such as new installation and expansion of our own PV*1 and the introductionof PPA*2 models, and procurement of renewable energy in a planned manner to accelerate
decarbonization. These activities are also being implemented at overseas manufacturingbases to accelerate our global decarbonization efforts.

Vehicles in the area are provided
with a dynamic map* that is "blindspot free" based on peripheral
information from the infrastructureside and obstacle information
generated by roadside machinesensors that detect vehicles andpedestrians. Based on location
information, the autonomously
driving vehicle performs optimalroute calculation to achieve safe
unmanned vehicle control.
* Technology that displays real-time
dynamic information on a high-precisionmap*1 Photovoltaic*2 Power Purchase Agreement

Major social challenges for which risks and opportunities
have been recognized and evaluatedJapan's first Level 4 unmanned autonomous driving service starts (in Japanese text)

Voice

Priority SDG initiatives

Safe, secure autonomous driving to create comfortable urban spaces● R eduction of air pollution and climate change

Since 2021, we have been participating in the Theme 1 activities of the
Project on Research, Development, Demonstration and Deployment(RDD&D) of Automated Driving toward the Level 4 and its Enhanced
Mobility Services (RoAD to the L4), a policy project of the Ministry of
Economy, Trade and Industry, with the aim of implementing this system
in Japan. We have been making products mainly for automakers, so weare new to the field of mobility services and are iterating a trial-and-error
process to develop services that will please our customers. Please lookforward to our contribution to improving users' quality of life throughJapan's first Level 4 autonomous driving experiment, which is the first step
to realizing a more vibrant society.

countermeasures● Z ero traffic accidents, elimination of traffic

congestion, and comfortable travel● E limination of regional gaps

● E
 nhancement of QOL for vulnerable road users● C ity development● M easures to address aging infrastructure

Automotive Equipment Group21

Hideyuki Tanaka
Himeji Works
Automotive Electronics Development Center
AD Engineering Division

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Semiconductor & Device GroupPower semiconductors

Serving as a key device to decarbonized society

Contributing to the realization of aElectronic devices equipped with power semiconductors play an important role in reducing
CO2 emissions from power generation, transmission/storage, and consumption. Mitsubishi
Electric aids in energy conservation by providing power semiconductors for power generation
with low greenhouse gas emissions, power transmission/storage with low power loss, andvarious applications such as EVs, home appliances, railways, industrial equipment, and others.
We will continue to contribute to realizing GX (Green Transformation) by further developing(increasing the efficiency and functionality of) SiC* power semiconductors that have superiorenergy-saving performance in addition to our conventional Si products.

decarbonized society and GX* by providing
energy-efficient products, key devices forcustomers, in response to energy andenvironment-related social issues*Green Transformation

Masayoshi Takemi* Silicon Carbide

Senior Executive Officer,
Group President,
Semiconductor & Device

The Semiconductor & Device Group supports reducing energy use as well as affluent andcomfortable living by providing low-power-consumption, cutting-edge power semiconductor
and other devices using silicon carbide (SiC) for EVs and air conditioners, as well as bysupplying high-performance, low-power, compact high-frequency devices and opticaldevices enabled by compound semiconductor technologies for wireless and optical fiber
communications equipment, data centers, sensors, and more.
In order to achieve carbon neutrality, a requirement for sustainable societies, it isimperative to use generated power while minimizing power loss in the process. Power
semiconductor devices are incorporated into a number of power electronics, playing asignificant role in reducing power loss. In addition, Mitsubishi Electric manufactures stateof-the-art products using SiC, which enables significant reductions in power loss, andconventional products using Si.
Going forward, the Semiconductor & Device Group will continue to contribute to therealization of a safe, secure, comfortable, and sustainable society by providing key devices
for realizing a decarbonized society.

Renewable Energy

Electric Vehicles (xEV)

Home Appliances

Railways

Industrial

Power Transmission/
Storage

Construct new wafer plant to boost sic power semiconductor business
Including the construction of a new plant building (in Kumamoto Prefecture)
to strengthen our SiC power semiconductor production capacity, we will
double our cumulative capital investment from fiscal 2022 to fiscal 2026
over that of our previous plan* to approximately 260 billion yen. The plan
is to respond to increasing demand for EVs, as well as expanding markets
for new applications that require, for example, low energy loss, hightemperature operation or high-speed switching. We will strengthen our
production capacity in the power device business to contribute to realizing
GX and further expand our business.
* The previous plan was approximately 130 billion yen.

Mitsubishi Electric to Construct New Wafer Plant to Boost SiC Power Semiconductor Business
Major social challenges for which risks and opportunities
have been recognized and evaluated

Voice

Priority SDG initiatives

Gentle and durable. We will continue to maintain customers'
high level of confidence in our products.

● A ppropriate use of water● O ptimal use of energy

I am responsible for translating customer needs into consumer electronics
products, primarily home appliances such as air conditioners. Our IPM*1 for
consumer products has the largest market share in the world.*2 Its strength isthat we were the first to provide our customers with simple and compact designin an optimal package that incorporates peripheral components. As numerous
customers use our products, we have achieved de facto standardization, withcumulative shipments reaching 1 billion units as of 2022. In fact, many havecommented that the product has "few failures," and we will further respond to ourcustomers' expectations and trust by improving our production system.

● P roper management of chemical substances● A ddressing climate change*1 Highly functional module with built-in self-protection function in IGBT (Insulated
Gate Bipolar Transistor) module.
*2 As of 2021, according to internal research.

Semiconductor & Device Group

22

Toma Takao
Power Device Works
Product Strategy Department
Marketing and Application
Engineering Section C

Contents /About the ReportManagement Message

Sustainability Highlights

Initiatives that contribute toaddressing social challenges

Sustainability
Management

Environment

SocialAbout
Mitsubishi Electric Group

Governance

TopicsInformation Systems & Network Service Group

Centralized GHG*1 emissions data management solution "cocono"
Visualizing GHG emissions across the supply chain to support
environmental management

Contributing to the realization ofManaging greenhouse gas emissions is an important issue for companies that aim to achievecarbon neutrality by 2050. In addition to emissions from their own operations (Scopes 1 and2),*2 companies must also collect data and calculate emissions beyond their own operations
from their supply chains (Scope 3).*2 This is a complex, challenging task for many companies.
Against this backdrop, Mitsubishi Electric Information Systems Corporation (MDIS) has launched"cocono," a centralized greenhouse gas emissions data management solution. "cocono" collects
and manages data without involving labor. It also provides knowledge that can be leveraged
to reduce GHG emissions.

improved customer value and a safe,
secure, and sustainable society throughthe provision of IT services

Eiichiro Mitani

Executive Officer, Group President,
Information Systems &Network Service*1 Greenhouse gas*2
Scope 1: Direct greenhouse gas emissions by companies (fuel combustion, industrial processes).
Scope 2: Indirect emissions from the use of electricity, heat, and steam supplied by other companies.
Scope 3: Indirect emissions other than Scopes 1 and 2 (emissions from other companies related to the company's
activities).
Source: Ministry of the Environment and Ministry of Economy, Trade and Industry "Green Value Chain Platform"

The Information Systems & Network Service Group is committed to enhancing customer
satisfaction, helping achieve sustainable societies through solutions tailored to the
management strategies and challenges of its customers, and developing solutions that
contribute to solving social challenges.
More specifically, we provide solutions to support environmental management by
visualizing GHG*1 emissions for companies working toward carbon neutrality. We also work
to realize a safe, secure, and comfortable society through reducing energy use at data
centers to reduce the CO2 emitted as a result of business activities, support supporting
those who lack physical strength using image analysis technologies, and more.
Going forward, in order to achieve smarter societies, we will leverage the many
component technologies and strengths of the Mitsubishi Electric Group to build nextgeneration information systems using the latest IT solutions, such as IoT,* 2 big dataprocessing, and AI-related technologies.

Directly collect a broad range of data to encourage "intelligence (awareness)" that can be applied to GHG emissions reductions
Targets for collection willcontinue to expand

In-house BI
of users

Procurement data
Sales data

Manufacturing data
Power data

Design data

ERP

MES/SCADA

PDM/PLM…

Data generated by overall manufacturing operations*1 Greenhouse Gas*2 Internet of Things: A system to remotely control, operate, monitor, and collect information from various"things" connected via the Internet.

Major social challenges for which risks and opportunities
have been recognized and evaluatedVisualization solutions
for partners

cocono, a centralized GHG emissions data management solution (in Japanese text)

Outline of cocono inactionBy combining our expertisein automation and datacollection technologies atmanufacturing sites withvisualization tools anddedicated GHG management
services, we provide energy
dashboards that enablemulti-faceted analysis. We
have also begun working
with zeroboard Inc. toprovide cloud services forcalculating and visualizing
GHG emissions.

Voice

Priority SDG initiatives

Reducing the burden of aggregation work and making
it a useful tool for business management● Optimal use of energy● Introduction of clean energy

As the movement toward carbon neutrality is rapidly accelerating and anincreasing number of companies are including GHG emissions reductions as amanagement indicator, we have developed "cocono" as an IT-based support
system. We strive to facilitate easy implementation and use for our customers.
Collaborating with outside companies has improved our technology andenabled us to reflect accurate information in a timely manner, eliminating
the need for manual data collection. In addition, we have improved system
Yurina Nihei
reliability by, for example, incorporating relevant regulatory compliance and
Mitsubishi Electricadvice from environmental consulting firms. We believe that we can help
Information Systems Corporationcompanies in their efforts to promote carbon neutrality by using this up-to- Industry and Service Systems Division A
System Department B
date, highly accurate data for their management decisions.
Manufacturing Digital Transformation Section● Waste reduction and management● Sustainable use and development of resources● Addressing climate change● Realization of a safe society● Addressing labor force shortages

Information Systems & Network Service Group23

Contents /About the ReportManagement Message

Sustainability Highlights

Initiatives that contribute toaddressing social challenges

Sustainability
Management

Environment

SocialGovernance

About
Mitsubishi Electric Group

社外との共創によりさらなる価値創造へ

Co-creations with external parties
Co-creation
Co-creationInitiatives
initiativesUsing
usingAdvanced
advanced Plastic
plasticSorting
sorting Technology
technology

Investingin startups
to solvesocial issues
Investingin startups
to solvesocial issues

In recent years, various companies have been collaborating beyond the boundaries ofindustry to recycle plastic waste toward the realization of a circular society. Some plastic
products use several types of plastic materials in combination. Recycling plastic waste
requires sorting of such materials. Moreover, improving the rate of collection of plastic
materials by sorting them at high purity has become a major challenge. Mitsubishi Electricaims to solve social issues through its business activities by using its advanced plastic sorting
technology that it has cultivated over many years of work in home appliance recycling aswell as by collaborating with companies across industries to solve this challenge.

The Business Innovation Group creates new value through the creation of new businesses
that transcend the framework of existing business domains and through the practice of open
innovation. For example, the ME Innovation Fund, a corporate venture capital fund, works tosolve various social issues by bringing innovative technologies and out-of-the-box businessideas to fruition through start-up investments.

Realizing advanced sorting ofhousehold plastics

Contributing to solving
marine plastic waste problems

Solving water pollution problems
in Southeast Asia

Plastics sorting trial
with Kao Corporation

Joining CLOMA

A Collaboration with Hydroleap

Plastic crushing
Crush

Sort

Plastic products

Bottles containing
household goods

Mixed plastics

Self-circulating recyclingof collected plastics
Repelletizing process

Recover

Sorting by plastic type

(Mitsubishi Electric Group’s proprietary technology)
Preliminary sorting
Electrostatic sorting

Fragments A

Pellet A
Pellet B

Fragments B
Pellet C

Fragments C

Pelletize

CLOMA Ocean Material Alliance

In October 2022, we began a trial using
our proprietary advanced plastic sorting
technology on sorting mixed plastics
originating from household products
using plastics such as shampoo bottles
supplied by Kao Corporation. Goingforward, we will conduct similar trials invarious ﬁelds to verify the eﬀectivenessof the advanced sorting technology forrecycling a wide variety of plastic products.

In April 2023, Mitsubishi Electric joined
the Japan Clean Ocean Material Alliance(CLOMA) to help solve marine plastic
waste problems. By participating in theTechnical Subcommittee consisting of CLOMA
members as well as demonstration projects
led by CLOMA, we will accelerate our eﬀorts
toward solving waste plastic problems,
including those related to marine plastics, byutilizing our proprietary advanced plastic
sorting technology.

Mitsubishi Electric began a trial using ouradvanced plastic sorting technology on
sorting household plastics supplied by Kao
Corporation (in Japanese text)

Joining the Japan Clean Ocean Material Alliance(CLOMA) (in Japanese text)

Hydroleap Pte. Ltd is a Singapore-based startup
company we invested in July 2023 that provides
wastewater treatment solutions. Southeast Asia,
also known as the factory of the world, is facing aserious water pollution problems caused byindustrial eﬄuents. Mitsubishi Electric also, with its
many manufacturing bases, is also not immune tothis problem. Through the business developmentswith Hydroleap, we will address the water pollution
in Southeast Asia and use the knowledge we gainfrom this eﬀort to contribute to solving global-scale
environmental problems.

24

Contents /About the ReportManagement Message

Sustainability Highlights

事業を通じた社会への貢献

Initiatives that contribute toaddressing social challenges

Sustainability
Management

Environment

SocialGovernance

About
Mitsubishi Electric Group

取組一覧

List of initiatives that contribute to addressing social challenges
Business Group headquarters

Social challenges for which risks and opportunities
have been recognized and evaluatedPublic Utility
Systems Group

Appropriate use of water
Optimal use of energy
Addressing climate change
Development of safe, secure, comfortable,
and sustainable cities▪Reducing Environmental Burdens and Realizing a Society with Rich Water Cycle by Advancing Water and Sewage Systems Using IoT Technology▪Developing High Efficiency Electrical Components for Rolling Stock and Providing Maintenance Solutions that Contribute to the Development of Railways,
Which Are an Energy Efficient and Environmentally Friendly Transportation Network▪Providing Disaster Prevention and Mitigation Services and Other Solutions that Enhance Infrastructure Maintenance and Management that Contribute to
the Development of Safe, Secure, and Comfortable Cities

Energy & Industrial
Systems Group

Optimal use of energy
Introduction of clean energy
Sustainable use and development of resources
Addressing climate change▪Contributing Toward Economical and Reliable High-Quality Power Distribution Systems, Optimized Energy Use via ICT for Interconnectivity and Resilient
Energy Infrastructure that Operates Seamlessly, Even During Emergencies▪Improving the Efficiency of Power Generators, Switchgear and Transformers▪Developing Equipment that Caters to Environmental Awareness for Eliminating or Reducing the Use of SF6 Gas, Known for Its High Global Warming Potential▪Supply and Demand Management with the Growing Use of Renewable Energy Resources, Integrated Management of Distributed Energy Sources
Including Demand Control, and Driving Grid Stabilization Solutions▪Driving Distributed Power Supply Operation Solutions Capable of Responding to New Demand, Such As the Wide Area Supply and Demand of Electricity
Through Interconnection of Electric Power Utilities

Building Systems
Group

Optimal use of energy
Development of safe, secure, comfortable andsustainable cities
Waste reduction
Addressing climate change▪Pursuing Comfortable, Safe and Secure Elevator and Escalator Transport. Supporting Safe and Comfortable Use of Elevators and Escalators with
Maintenance Services▪Further Improving Energy Savings, Safety, Comfort, and Functionality Through Elevator and Escalator Renewal▪Providing Smart Building Solutions by Supporting Robot Mobility within the Building, Supporting ZEB Operations, etc.
▪Providing Safety and Security with Integrated Building Security Systems. Supporting Energy Savings and Comfort in Buildings Through Building Facilities
Operations Systems▪Providing Both a Comfortable Indoor Environment and Improved Energy Efficiency by Maintaining and Replacing Building Systems

Defense & Space
Systems Group

Securing of a sustainable food production system
Integrated management of water resources
Creating secure, safe and comfortable sustainable cities
Addressing climate change, prevention of marine
pollution, and prevention of deforestation▪Contributing to World-Leading Global Environment Observation▪Contributing to Conserving Global Environment and Ensuring Secure and Safe Living by Using Satellite Observation Data
▪Contributing to Secure, Safe, and Comfortable Living Through High Precision Positioning Solution

Living Environment &Digital Media
Equipment Group

Optimal use of energy
Introduction of clean energy
Sustainable use and development of resources
Addressing climate change▪LossnayÒ for Commercial Use, High-performance Ventilation Equipment▪Achieving High Efficiency Operation and CO2 Emissions Reduction for Hot Water and Heating Systems by Switching from the Combustion Type to the Air
to Water (ATW) Heat Pump Hot Water System Mainly in Europe, Which Has Strict Environmental Regulations▪MILIE LED Lighting – Realizing Reduced Power Consumption and Comfort▪EcoCute Provides Excellent Energy Savings and Comfort▪Recycling of Home Electrical Appliances

Factory Automation
Systems Group

Sustainable use and development of resources
Addressing climate change
Measures against air, water, and soil pollution
Addressing the declining labor force population▪Contributing to decarbonization by energy-saving▪Contributing to measures to reduce the impact of labor shortages by supporting improving manufacturing efficiency

Automotive
Equipment Group

Reduction of air pollution and climate change
countermeasures
Zero traffic accidents, elimination of traffic
congestion, and comfortable travel
Elimination of regional gaps
Enhancement of QOL for vulnerable road users▪Technological Innovation of Automotive Equipment Products for a Decarbonized, Safe and Secure Society

Semiconductor &Device Group

Appropriate use of water
Optimal use of energy
Proper management of chemical substances
Addressing climate change▪SiC Power Semiconductor Devices that Achieve Low-Power Consumption of Customers' Devices▪Optical Communication Device that Contributes to Low Power Consumption of Network Equipment for 5G Mobile Communications Base Stations

Information Systems &Network Service Group

Optimal use of energy
Introduction of clean energy
Realization of a safe society
Addressing labor force shortages▪Using Internet Data Centers to Help Customers Reduce Environmental Impact▪Providing Smart Office Solutions that Also Contribute to Work Style Reforms

Priority SDG initiatives

Examples of initiatives

25