Introduction

Sustainable Growth throughResolving Social Issues

Progressing Along with Society

Since its foundation, MHI Group has consistently strived together with society, including our customers, partners,
and other stakeholders to take on the challenges of creating new monozukuri–the traditional Japanese conceptof craftsmanship–ahead of times, thereby continuing to the development of society by providing products andservices that support people’s lives. Leveraging the ample accomplishments, expertise, and human resources
accumulated through the monozukuri, we will continue to take on the challenges of building a better future forthe world, engaging in issues such as balancing economic development and reducing environmental impact ofeconomic activity.

1880s
Progressing along withJapan’s modernization

1950s
Supporting post-war reconstruction
and rapid economic growth in Japan

1970s
Playing a part ina technology-based nation

As we have progressed along withIn the post-war years, MHI sup-In response to the severe recession,

Japan’s modernization, with ship-ported rapid economic growth by

MHI shifted from business modelbuilding at our core, MHI Group has

responding to the rapidly increasingthat relied heavily on the shipbuild-

diversified its business portfolio by

demand for electricity and brisk

ing business by focusing on grow-advancing into various mechanicalprivate-sector capital investment,

ing fields such as power systems

fields such as automobiles, air-while focusing on the shipbuilding

and aircraft. MHI also proactively

craft, turbines, and internal com-business, and preparing for spinningpromoted the globalization of its

bustion engines.

off the automobile business unit.

business in search of a way to tap
into international markets.
We also honed our advanced
technological capabilities, asrepresented by our efforts inspace development.

Rolling plant
for steelworks

6Nagasaki Shipyard & Machinery
Works’ first steel steamship,
the Yugaomaru

Mitsubishi Westinghouse turbine

The Nippon, which made a successfulround-the-world goodwill flight

The first MU-2A multi-purpose
light aircraft

MHI REPORT 2020

The first N-1 rocket

Opening ceremony for the total station
construction portion of the Channel
Tunnel under the Strait of DoverFurther Strengthening ofManagement Resources

Corporate GovernanceRisk Management

Performance Data

Expanding our business domains by taking
changes in social values and technologicalinnovations based on manufacturing

2000s
Contributing toa sustainable society

Responding to changes in social value
Decarbonization

Responding to growing energy
demand accompanying economic
development while also reducing
environmental impact of economic
activity is an issue we face today.
MHI Group contributes to a sustainable society by providing a variety
of products and solutions, suchas offshore wind turbines utilizing

Hydrogen-powered gas turbine

CCS/CCUS(Carbon capture and its effective utilization)

renewable energy, clean gas power,
CO2 capture plant and flue gas
desulfurization unit.

 For details, see page 30.

Responding to the evolution of machinery systems
Electrification and Intelligent Systems
Offshore wind farm

Air taxi
Intelligent plant
CO2 capture plant For details, see page 50.

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Introduction

Sustainable Growth throughResolving Social Issues

Progressing Along with Society

MHI Group will seek to resolve social issues throughits business activities—MHI FUTURE STREAM—*SDGs: In September 2015, the United Nations adopted these 17 goals to be achieved by 2030.

For more than 130 years, MHI Group has contributed
to the development of society in accordance with thespirit of Our Principles of “We deliver reliable andinnovative solutions that make a lasting difference tocustomers and communities worldwide.”

In recent years, social issues have become more
complex and people’s values have been diversifying,as represented by SDGs*.
Through its business activities, MHI Group will continue to provide products and solutions that help resolve
the challenge of balancing economic development andreducing environmental impact of economic activity.

Contributing to solutions to the challenge of balancing economic
development and reducing environmental impact of economic activity
MHI Group works to reduce the environmental impact of economic activity in allprocesses of its business activities, including reducing greenhouse gas emissions, aswell as working to put together specific solutions to social issues by providing moreenvironmentally friendly products and solutions.

 Offshore wind turbine Gear grinding machines Geothermal power plant Three-wheel electric counterbalance forklift Gas turbine Centrifugal chiller

 Pressurized water reactor

 Pressurized water reactor CO2 recovery plant, sinter plant equipped with waste gas recirculation

T urbocharger Highly efficient gas engine power plant Launch services

Today* SDGs: In September 2015, the United Nations adopted these 17 goals to be achieved by 2030.

8

MHI REPORT 2020

Near futureFurther Strengthening ofManagement Resources

Corporate GovernanceRisk Management

Performance Data

Society where all human beings
can live with peace of mindTake on challengesof the distant future Expand our business domains by taking on social value changes and technological innovations basedon manufacturing
 Take initiatives for the decarbonization and evolution of machinery systems through electrificationand intelligent systems
 For details, see page 30.

Low-carbon in existing businesses

Develop new decarbonized businesses

Decarbonization
 For details, see page 50.

Electriﬁcation Intelligence

Convert products to electrical drive
Expand data-driven service andoperation businesses

Next-generation products with
diﬀerent concepts & form to today’sHuman-machine, interaction unmanned /labor-saving tech

Shift the Path
Technology ScoutingConverting existing businesses

Exploring forinnovative technologies

Mega Scan

MHI FUTURE STREAM

Exploring all realms of opportunity

Distant future

MITSUBISHI HEAVY INDUSTRIES GROUP

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