Message fromthe President & CEO

Sustainability Management

Environment

SocialGovernance

Disclosure Based on
the TCFD Recommendations

ESG Data

Environmental Management
Group initiatives, including education and awareness

Basic Approachactivities for employees, and the acquisition of cer-

Minimizing environmental impact is an essential
element of MITSUBISHI MOTORS’ sustainable growth.
To this end, we recognize the importance of reinforcing our environmental management. We also believethat the costs of promoting related initiatives are an
important investment from a long-term perspective.
In order to promote environmental initiatives reliably and efficiently, we have constructed a frameworktifications for environment management systems
among affiliated companies.
We also communicate our initiatives through ourwebsite and our Sustainability Report in order topromote understanding of our efforts among various stakeholders.

Management Structure
Since 1993, we have been holding an Environmental
Council, which is attended by the Executive Officer,
President & CEO and officers from each division. The
Sustainability Committee, chaired by the ExecutiveOfficer, President & CEO, has met since FY2017, andenvironmental initiatives have been specified as key

Please see page 121 for details on environmental accounting

for environmental management. We are promoting

material issues for us. The committee discusses ourenvironmental policies and targets and confirms theprogress and results from the Environmental Targets
2030. Items of particular importance are reported tothe Board of Directors.

Management Target Companies (20 Companies)
CountryJapan

Company NameMITSUBISHI MOTORS CORPORATION

Production Affiliates
CountryJapan
ThailandPhilippines
Indonesia
VietnamMalaysia

For the management target companies, we haveestablished selection criteria as a framework for theAs of March 31, 2024

scope of environmental targets and the collection
and publication of environmental data, and we review
these criteria on a regular basis.
Non-Production AffiliatesCountryJapan

Company Name

Suiryo Plastics Co., Ltd.
Mitsubishi Motors (Thailand) Co., Ltd. (MMTh)
MMTh Engine Co., Ltd. (MEC)
Mitsubishi Motors Philippines Corporation (MMPC)
Asian Transmission Corporation (ATC)PT Mitsubishi Motors Krama Yudha Indonesia
Mitsubishi Motors Vietnam Co., Ltd. (MMV)
MMC Manufacturing Malaysia Sdn. Bhd, (MMCMM)

MITSUBISHI MOTORS CORPORATION Sustainability Report 2024

United States
Netherlands
UAEAustralia
New Zealand
CanadaMexicoBack ◀

26▶ NextCompany Name
Mitsubishi Automotive Engineering Co., Ltd.
Mitsubishi Automotive Logistics Technology Co., Ltd.
Higashi Nihon Mitsubishi Motor Sales Co., Ltd.
Nishi Nihon Mitsubishi Motor Sales Co., Ltd.
Mitsubishi Motors North America, Inc. (MMNA)
Mitsubishi Motors Europe B.V. (MME)
Mitsubishi Motors Middle East and Africa FZE (MMMEA)
Mitsubishi Motors Australia, Ltd. (MMAL)
Mitsubishi Motors New Zealand Ltd. (MMNZ)
Mitsubishi Motor Sales of Canada, Inc. (MMSCAN)
Mitsubishi Motors de México S.A. de C.V. (MMDM)

Back to Contents ▶▶

Message fromthe President & CEO

Sustainability Management

Environment

Environmental Management System
In FY2010, MITSUBISHI MOTORS acquired companywide
integrated ISO 14001 certification. (Previously, sites inJapan had acquired this certification individually.) We
are leveraging the ISO 14001 framework and engaging
in ongoing initiatives to improve business activities.
The ISO 14001 framework is proving helpful in thecompanywide promotion of the Environmental Plan
Package we formulated in FY2020.
Affiliates in Japan and overseas are also being
encouraged to acquire ISO 14001 and Eco-Action 21*1
certification, and they are engaging in environmental management.
*1 Eco-Action 21 is a certification and registration system basedon the Environmental Management Systems guidelines formulated by the Japanese Ministry of the Environment for mediumsized companies.

Status of ISO 14001 Certification (As of May 31, 2024)

Development Companies
Mitsubishi Automotive Engineering Co., Ltd.
Production Companies
Suiryo Plastics Co., Ltd.
Mitsubishi Motors Philippines Corporation (MMPC)
Asian Transmission Corporation (ATC)Mitsubishi Motors (Thailand) Co., Ltd. (MMTh)
MMTh Engine Co., Ltd. (MEC)PT Mitsubishi Motors Krama Yudha Indonesia (MMKI)
Distribution and After-Sales Service Companies
Mitsubishi Automotive Logistics Technology Co., Ltd.
(Maintenance Service & Logistics Business Division,Powertrain Department, Osaka Special Purpose Vehicle &Engineering Section of the Vehicle Business Department,
Mizushima Maintenance Service Section of the Vehicle
Business Department)

Please see page 42 for a list of the dealers that have received
Eco-Action 21 certification.
MITSUBISHI MOTORS CORPORATION Sustainability Report 2024

SocialGovernance

Promoting Life Cycle Assessment (LCA)

Disclosure Based onthe TCFD Recommendations

ESG Datatries and regions, we will continue to strengthen oursystems and build the foundations to ensure we remain abreast of developments related to regulations

We perform LCA to determine the environmental
impact across a product’s life cycle. We evaluate total

and incentives.

emissions, mainly of CO2, from such processes as
extracting the resources used in parts and materials,
producing materials, manufacturing parts, assembling vehicles, producing fuel, driving and disposing ofdisused automobiles.
We use LCA to develop advanced parts, electrifiedvehicles and new-model vehicles that help address
the issues related to climate change and energy. We
compare life cycle CO2 emissions with those of previous parts and vehicles, and use this information in
our activities to reduce CO2 emissions throughout thesupply chain.

Model
Objective
All-new “TRITON” • A ssessing the effect of reductions
from the previous model•A ssessing the ratios for production,use and disposal• Assessing the impact of components

LCA Results for the all-new “TRITON” (CO2 emissions ratio)
Disposal 2%*2
Maintenance 2%

0%

20%

60%

80%

100%

*2 Excluding items that have been removed prior to disposal:
bumpers, tires, lead batteries, etc.

In light of growing interest in the environmental
impact across the entire life cycle in individual counBack ◀

27▶ Nextinitiatives through our website and sustainability
report. We will continue to take leverage these initiatives to engage in dialogue with institutional investors and experts about environmental and othernon-financial information.

Release of Environmental Information on
Website and in the Sustainability Report
its environmental initiatives on our website and in thesustainability report in order to make its environmental initiatives more widely known.
For details, see the “Environment” section of our website.
WEB https://www.mitsubishi-motors.com/en/sustainability/environment/

Communication with Investors
We engage in dialogue with investors, exchanging
opinions about environmental and other non-finan-

Fuel production and driving 72%
40%

We disclose information about our environmental

We release information on the concepts and details of

Examples of LCA Implementation in FY2023

Production 24%

Enhancing Disclosure of Environmental Information

cial information.
In FY2023, we engaged in dialogue and exchanged
opinions with many Japanese and overseas institutional investors and other parties regarding the “Environmental Targets 2030,” announced in “Challenge2025,” our mid-term management plan.
Back to Contents ▶▶

Message fromthe President & CEO

Sustainability Management

Environment

SocialGovernance

Promoting Employee Education andAwareness Activities

Promoting Environmental Preservation
Activities Rooted in the Local Community

MITSUBISHI MOTORS conducts sustainability-related
awareness activities throughout the year as part of its
aims of deepening the understanding of sustainability
among all executives and employees and contributing
toward the realization of a sustainable society throughroutine business activities. Environmental education
and awareness are one aspect of these activities.
In FY2023, we conducted rank-based training anddistributed videos to all executives and employees. In
these ways, we sought to promote an understandingof our social responsibility for realizing a sustainable
society, the relationship between sustainability andthe environment, the relationship between environmental issues and our business activities, and ourrevised “Environmental Targets 2030.”

Recognizing the rich characteristics of life on land
and the importance of our connection to this life, we
promote environmental preservation activities thatare rooted in the local community. Realizing thatfactory construction and other types of land use havea direct or indirect impact on biodiversity, we strive topreserve surrounding ecosystems. We do so by carefully maintaining connections between factories andthe natural environments that surround them and bymaintaining green spaces within factory sites. By participating in forest preservation projects in Japan andoverseas, we strive to select species that are suitableto specific regions. In addition, employees work withlocal residents to plant and cultivate trees, engaging
in activities connected to local communities.

Please see page 11 for details on our activities to promote anawareness of sustainability.

Please see page 54 for details on our preservation of biodiversity.

Collaborating with Suppliers
Our suppliers cooperate with us in various initiatives, including meeting the requirements of our Green Procurement Guidelines. We believe that ongoing communication is an important part of the steady implementationof initiatives by suppliers. We explain the importance ofenvironmental initiatives at our Suppliers Meetings, forexample, which are attended by our suppliers, and strive
to engage in communications to reduce the environmental impact of our entire supply chain.
Please see page 63 for details on the Green Procurement Guidelines.
MITSUBISHI MOTORS CORPORATION Sustainability Report 2024

Environmental Risk Management
Having learned from past cases of failing to comply
with environmental regulations such as those aimed
at preventing pollution, we make every effort to comply with relevant regulations.
We sincerely respond to complaints from neighborhood residents after investigating the situation.
In the event that environmental laws and regulations
are violated or an environmental accident occurs (suchas if regulatory values are exceeded), or if we receive acomplaint, the corresponding division must submit a Legal Non-Conformity Report to the Compliance Department and take necessary measures against the cause.
Back ◀

28▶ Next

Disclosure Based on
the TCFD Recommendations

ESG Data

The report clarifies the details of the case, measuresand more, and appropriate countermeasures are taken.
Furthermore, in order to prevent recurrence, initiatives
are in place to improve work processes, enhance thesupervision system, and increase employee awareness.
In FY2023, we were subject to no fines or administrative orders stemming from violations of environmental laws and regulations*1, nor any instancesof exceeding statutory values. However, voluntaryinternal checks and monitoring activities uncovered 10cases of legal non-compliance (including delays in notification). We responded to these incidents by swiftly
taking corrective action, introducing measures toprevent recurrence and sharing information with otherrelated divisions about the incidents and countermeasures to stop the occurrence of similar cases.
*1 R efers to 31 environment-related laws and regulations identified by us, including the Water Pollution Prevention Act and theAir Pollution Control Act.

Participation in External Associationsand Initiatives
We are working with external organizations and initiatives to achieve carbon neutrality in 2050.
In March 2022 we endorsed, and in April 2023
we announced our participation in, the GX*2 League,
based on the GX League Basic Concept, announced by
the Ministry of Economy, Trade and Industry in FY2021.
In addition, in May 2023 we joined the Japan Climate Initiative (JCI), a network to disseminate information and strengthen collaboration among companies and others working to combat climate change
toward the realization of a decarbonized society.
*2 GX: Green transformation
Back to Contents ▶▶