Mitsui Chemicals, Inc. · TSE:4183
Mitsui Chemicals — ESG Presentation (April 2022)
55 slides from Mitsui Chemicals's sustainability presentation, Apr 8, 2022
Slide 1: ESG Presentation
2022.04.08 ESG Presentation VISION 2030 & ESG HASHIMOTO Osamu Representative Director, Member of the Board, President & CEO ESG Promotion Initiatives IZAWA Kazumasa Managing Executive Officer & CSO Human Resources Strategy ANDOU Yoshinori Senior Managing Executive Officer & CHRO Corporate Governance
Slide 2: VISION 2030 & ESG
VISION 2030 & ESG Mitsui Chemicals, Inc. Representative Director, Member of the Board, President & CEO HASHIMOTO Osamu 2022.04.08 Copyright © 2022 Mitsui Chemicals, Inc. 2
Slide 3: Contents/Agenda
Contents/Agenda ▶ 1. History of Mitsui Chemicals ▶ 2. Corporate Vision ▶ 3. VISION 2030 & ESG Copyright © 2022 Mitsui Chemicals, Inc. 3
Slide 4: The Lead-up to Our Launch & Our DNA
4 1. History of Mitsui Chemicals The Lead-up to Our Launch & Our DNA Apr 8, 2022 The years before the launch of Mitsui Chemicals saw companies merge with each other while seeking an ideal setup from which to unite diverse cultures and help solve social issues 1912: Mitsui Coal Mine starts full-scale
Slide 5: Links Between Management & ESG
5 1. History of Mitsui Chemicals Links Between Management & ESG Apr 8, 2022 Ever since our launch in 1997, a pillar of our corporate philosophy has been to contribute to society through our business activities – and now under VISION 2030, we intend to further integrate business growth with contribut
Slide 6: Our Corporate Vision & VISION 2030
6 2. Corporate Vision Our Corporate Vision & VISION 2030 Apr 8, 2022 Getting back to our identity of solving social issues, redefining our Corporate Target and summarizing the trends needed to achieve this in the form of a five-part Basic Strategy Contribute broadly to society by providing high-qual
Slide 7: Materializing Our Plans for ESG Management
7 3. VISION 2030 & ESG Materializing Our Plans for ESG Management Apr 8, 2022 Changes in the environment since VISION 2025 • Increased focus on ESG-related issues (carbon neutrality, circular economy, human rights, human capital, governance, etc.) • Corporate responsibility toward not just sharehold
Slide 8: ESG Promotion Initiatives
ESG Promotion Initiatives Mitsui Chemicals, Inc. Managing Executive Officer & CSO IZAWA Kazumasa 2022.04.08 Copyright © 2022 Mitsui Chemicals, Inc. 8
Slide 9: Contents/Agenda
Contents/Agenda ▶ 1. Our Promotion of ESG ▶ 2. Embedding Into Our Management System ▶ 3. Earnings Growth & Social Contributions ▶ 4. Pursuit of a Carbon Neutral Strategy ▶ 5. Efforts to Solve Social Issues Copyright © 2022 Mitsui Chemicals, Inc. 9
Slide 10: ESG Promotion Policies
10 1. Our Promotion of ESG ESG Promotion Policies Apr 8, 2022 ▶ Our promotion of ESG is aimed at grasping onto opportunities and tie them into corporate value, providing a source of earning power ▶ We are running a management system that integrates financial and non-financial metrics ESG promotion p
Slide 11: ESG Promotion Initiatives We Have Fleshed Out
11 1. Our Promotion of ESG ESG Promotion Initiatives We Have Fleshed Out Apr 8, 2022 1997 Launched Mitsui Chemicals & set Corporate Mission Bringing about 2005 Established CSR Division & CSR Committee triple bottom line management 2006 Laid out triple bottom line management (consisting of economic,
Slide 12: Embedding ESG Factors Into Our Management and Strategies
12 2. Embedding Into Our Management System Embedding ESG Factors Into Our Management and Strategies Apr 8, 2022 ▶ Making use of a management system combining financial and non-financial metrics Investment decisions Annual budgets Business evaluations ▪ 2019 onward: ▪ 2019 onward: ▪ 2022 onward: Embe
Slide 13: Our Setup for ESG Promotion
13 2. Embedding Into Our Management System Our Setup for ESG Promotion Apr 8, 2022 ▶ Framework established under the Corporate Sustainability Committee in April 2022 to pursue company-wide strategies for a circular economy and carbon neutrality Corporate Chair : President Sustainability Vice Chair :
Slide 14: Our Materiality
14 2. Embedding Into Our Management System Our Materiality 1 Apr 8, 2022 ▶ In formulating VISION 2030, we looked at changes in our internal and external business environments and considered these as a basis from which to redefine our ideal future society ▶ We also revised our materiality, and reflec
Slide 15: VISION 2030's Non-Financial KPIs
15 2. Embedding Into Our Management System VISION 2030’s Non-Financial KPIs 1 Apr 8, 2022 ▶ Setting KPIs for each materiality theme and taking a PDCA approach based on specific metrics while also looking to tie all this in to improved corporate value Materiality .. KPI ➢ Climate change • BV sales re
Slide 16: Efforts to Achieve Our Non-Financial KPIs
2. Embedding Into Our Management System Efforts to Achieve Our 16 1 Non-Financial KPIs Apr 8, 2022 ▶ Always observing changes in the business environment and updating our efforts accordingly Annual Non-financial Non-financial reviews of targets set for KPIs set for our materiality our FY2022 VISION
Slide 17: Earnings Growth Via BV & RV Products
3. Earnings Growth & Social Contributions Earnings Growth Via BV & RV 17 2 Products Apr 8, 2022 ▶ Working to improve corporate value by growing operations for our BV/RV products and services, which are based on proprietary metrics ▶ Aiming to have each of these represent around 40% of our consolidat
Slide 18: BV Products: Mobility Solutions
18 3. Earnings Growth & Social Contributions BV Products: Mobility Solutions 2 Apr 8, 2022 ▶ The added value sought after in the mobility sector embodies BV (emissions reduction, 3R, etc.) ▶ Looking to expand the scope of contributions from our BV products and services as we work toward achieving fr
Slide 19: RV Products: Life & Healthcare Solutions
3. Earnings Growth & Social Contributions RV Products: Life & Healthcare 19 2 Solutions Apr 8, 2022 ▶ The products and services offered as part of Life & Healthcare Solutions embody RV (livelihood, health, food, etc.) ▶ Looking to reliably grasp social issues to further expand our scope of business
Slide 20: Carbon Neutral Strategy
20 4. Pursuit of a Carbon Neutral Strategy Carbon Neutral Strategy 3 Apr 8, 2022 ▶ Mitsui Chemicals declared in November 2020 that it will target carbon neutrality for 2050 ▶ Plans are to achieve carbon neutrality by reducing in-house GHG emissions while also maximizing avoided emissions (1) Reducin
Slide 21: Project #1: Fuel Transition (Utilizing Ammonia)
4. Pursuit of a Carbon Neutral Strategy Project #1: Fuel Transition (Utilizing 21 Ammonia) 3 Apr 8, 2022 ▶ Getting started on a fuel transition for naphtha cracking, which while a cornerstone of chemical companies involves high emissions ▶ Helping reduce CO2 emissions across the petrochemical indust
Slide 22: Project #2: Establishing the Carbon Neutral Research Center
4. Pursuit of a Carbon Neutral Strategy Project #2: Establishing the Mitsui Chemicals, 22 Inc. – Carbon Neutral Research Center 3 Apr 8, 2022 With sights set on the years beyond 2030, we are working with Kyushu University’s I2CNER to speed up the development of technologies for carbon neutrality, as
Slide 23: Project #3: Helping Reduce CO2 With BV Products
4. Pursuit of a Carbon Neutral Strategy Project #3: Helping Reduce CO2 With BV 23 Products 3 Apr 8, 2022 With BV products estimated to contribute around 1 million tons of avoided emissions per year, we are working to visualize the extent of social contributions from our proprietary technologies & se
Slide 24: Project #4: Utilizing Biomass, etc.
24 4. Pursuit of a Carbon Neutral Strategy Project #4: Utilizing Biomass, etc. 3 Apr 8, 2022 Working to bring about a recycling-oriented society and shift to circular economy-based business models by getting bio-based hydrocarbon derivatives in broader use throughout society Waste, Raw materials & f
Slide 25: Project #5: Promoting Recycling
25 4. Pursuit of a Carbon Neutral Strategy Project #5: Promoting Recycling 3 Apr 8, 2022 To help get recycling firmly embedded in society, we are pursuing collaborations with various partners – such as brand owners and municipal governments – and working simultaneously on creating business models an
Slide 26: Project #6: Utilizing Digital Technology
26 4. Pursuit of a Carbon Neutral Strategy Project #6: Utilizing Digital Technology 3 Apr 8, 2022 Utilizing blockchain technology to provide traceability throughout the supply chain, with this helping in turn to improve the quality of products made from recycled materials and encourage the take-up o
Slide 27: Project #7: Branding (1/2)
27 4. Pursuit of a Carbon Neutral Strategy Project #7: Branding (1/2) 3 Apr 8, 2022 Building new concept brands to show off value while leveraging the product strength and brand strength of existing products Pursuing cross-group branding to let us better communicate value and narrative to stakeholde
Slide 28: Project #7: Branding (2/2)
28 4. Pursuit of a Carbon Neutral Strategy Project #7: Branding (2/2) 3 Apr 8, 2022 We’re reshaping the world from a material level Carbon neutrality via biomass Circular economy via recycling Bio & Eco Solutions for PLAYERs Recycling Solutions for PLAYERs aiming toward Carbon Neutrality aiming towa
Slide 29: Pursuing Solutions-Based Business Models
29 5. Efforts to Solve Social Issues Pursuing Solutions-Based Business Models 4 Apr 8, 2022 Developing aerial-display POS registers that use transparent adhesive as part of our efforts to grasp social issues, create solutions based on the value of materials, and achieve new partnerships and innovati
Slide 30: MOLp: Thinking About Solutions From the Starting Point of Materials
5. Efforts to Solve Social Issues MOLp™: Thinking About Solutions From 30 4 the Starting Point of Materials Apr 8, 2022 Getting the Mitsui Chemicals Material Oriented Laboratory (MOLp™) – a cross-departmental open laboratory – to recompile the value and appeal of materials, allowing society and stak
Slide 31: Human Resources Strategy
Human Resources Strategy Mitsui Chemicals, Inc. Senior Managing Executive Officer & CHRO ANDOU Yoshinori 2022.04.08 Copyright © 2022 Mitsui Chemicals, Inc. 31
Slide 32: Contents/Agenda
Contents/Agenda ▶ 1. Human Resources Strategy Overview ▶ 2. Priority Issues & Key Policies Copyright © 2022 Mitsui Chemicals, Inc. 32
Slide 33: A Human Resources Strategy Linked to VISION 2030
33 1. Human Resources Strategy Overview A Human Resources Strategy Linked to VISION 2030 Apr 8, 2022 ▶ Bringing about a human resources strategy & human resources policies that are effective and can respond to management strategy changes in agile fashion ▶ Looking to become an organization that plac
Slide 34: Key Talent Management
34 2. Priority Issues & Key Policies Key Talent Management 1 (Selection & Training of Management Candidates) Apr 8, 2022 Strategic acquisition, training and retention of diverse management candidates ▶ Concept of key talent management established as part of our organizational culture (following intr
Slide 35: Diversity in Management
35 2. Priority Issues & Key Policies Diversity in Management 2 (A Non-Financial Metric Under VISION 2030) Apr 8, 2022 Executive officers of diversity ▶ Adding human resources with diverse experiences and values to our officer ranks in order to improve our capability to create value VISION 2030 Execu
Slide 36: Promotion and Development of Women
36 2. Priority Issues & Key Policies Promotion and Development of Women 3 (A Non-Financial Metric Under VISION 2030) Apr 8, 2022 Proportion of managers to be women by 2030 ▶ Implementing various activities to train women as managers, including (1) changing the mindsets of women and (2) changing the
Slide 37: Human Resources Policies to Support New Work Styles
2. Priority Issues & Key Policies Human Resources Policies to Support 37 New Work Styles 4 Apr 8, 2022 New work styles to provide the “best mix” ▶ Going from optimization to policies aimed at improving output quality and employee engagement Improved labor productivity = higher competitiveness Optimi
Slide 38: Carrying out Engagement Surveys and Improvement Plans
2. Priority Issues & Key Policies Carrying out Engagement Surveys and 38 Improvement Plans 5 Apr 8, 2022 Global employee engagement score ▶ Looking to reach 50% by 2030 while leveraging the Mitsui Chemicals Group’s unique focus on delegation of authority and autonomy Engagement score Continued imple
Slide 39: Introducing a Group-Wide Integrated HR Platform From Workday
2. Priority Issues & Key Policies Introducing a Group-Wide Integrated 39 HR Platform From Workday 6 Apr 8, 2022 Establishment of a group-wide integrated human resources platform ▶ Building an ideal business portfolio and encouraging employees to undertake autonomous career development From organizat
Slide 40: Corporate Governance Framework
Corporate Governance Framework Mitsui Chemicals, Inc. Member of the Board, Senior Managing Executive Officer & CFO NAKAJIMA Hajime 2022.04.08 Copyright © 2022 Mitsui Chemicals, Inc. 40
Slide 41: Contents/Agenda
Contents/Agenda ▶ 1. Corporate Governance ▶ 2. Effectiveness of the Board of Directors Copyright © 2022 Mitsui Chemicals, Inc. 41
Slide 42: Corporate Governance Reforms
42 1. Corporate Governance Corporate Governance Reforms Apr 8, 2022 As we at the Mitsui Chemicals Group work toward achieving our Corporate Vision, we are carrying out continued reforms in aim of more effective corporate governance, looking through this to achieve both sustainable growth and medium-
Slide 43: Capabilities and Diverse Perspectives of Our Board of Directors
43 1. Corporate Governance The Capabilities and Diverse Perspectives of Our Board of Directors Apr 8, 2022 ▶ Number of directors: 12 or less, as stipulated by our Articles of Incorporation, with a more specific decision then made based on considerations of what would be an appropriate scale for our
Slide 44: Evaluation of the Effectiveness of the Board of Directors
44 2. Effectiveness of the Board of Directors Evaluation of the Effectiveness of the Board of Directors (FY2020 & FY2021) Apr 8, 2022 ▶ We analyze and evaluate the effectiveness of our Board through methods such as self- evaluations performed by directors and corporate auditors, as well as discussio
Slide 45: Status of Board of Directors Operations
45 2. Effectiveness of the Board of Directors Status of Board of Directors Operations (FY2020 & FY2021) Apr 8, 2022 Main topics for FY2020 Main topics for FY2021 ⚫ Revising our Long-Term Business Plan for 2030 ⚫ Revising our Long-Term Business Plan for 2030 ⚫ Taking measures against climate change ⚫
Slide 46: Effectiveness of the Board of Directors: Results (FY2021)
46 2. Effectiveness of the Board of Directors Evaluation of the Effectiveness of the Board of Directors: Results (FY2021) Apr 8, 2022 ▶ Self-evaluation scores from Board members and auditors as part of the FY2021 Evaluation on the Effectiveness of the Board of Directors are largely the same as those
Slide 47: MCI's Management & ESG Efforts From the Perspective of an Outside Director
MCI’s Management & ESG Efforts From the Perspective of an Outside Director Mitsui Chemicals, Inc. Member of the Board YOSHIMARU Yukiko 2022.04.08 Copyright © 2022 Mitsui Chemicals, Inc. 47
Slide 48: Contents/Agenda
Contents/Agenda ▶ 1. Self-Introduction ▶ 2. MCI’s Management & ESG Efforts From the Perspective of an Outside Director Copyright © 2022 Mitsui Chemicals, Inc. 48
Slide 49: Self-Introduction: YOSHIMARU Yukiko
49 1. Self-Introduction Apr 8, 2022 Outside Director YOSHIMARU Yukiko April 1982: Joined Oki Electric Industry Co., Ltd. April 1998: Director of Oki America Inc. Head of New York Office of Oki Electric Industry Co. Ltd. October 2004: General Manager of Diversity Development Office of NISSAN MOTOR CO
Slide 50: Outside Director perspective: topics
50 2. MCI’s Management & ESG Efforts From the Perspective of an Outside Director Apr 8, 2022 ➢ Evaluation of Mitsui Chemicals’ activities from an outside perspective ➢ Areas discussed when formulating VISION 2030, and areas that should be strengthened as the company moves to execute this plan ➢ Hope
Slide 51: Evaluation of Mitsui Chemicals' activities from an outside perspective
51 2. MCI’s Management & ESG Efforts From the Perspective of an Outside Director Apr 8, 2022 ➢ Evaluation of Mitsui Chemicals’ activities from an outside perspective ✓ The potential to respond to change – an ability that has underpinned the company’s 110-year history ✓ The resources and strong deter
Slide 52: Areas discussed when formulating VISION 2030
52 2. MCI’s Management & ESG Efforts From the Perspective of an Outside Director Apr 8, 2022 ➢ Areas discussed when formulating VISION 2030, and areas that should be strengthened as the company moves to execute this plan ✓ Milestones and modeling to help in carrying out the plan ✓ Further strengthen
Slide 53: Hopes with regard to Mitsui Chemicals
53 2. MCI’s Management & ESG Efforts From the Perspective of an Outside Director Apr 8, 2022 ➢ Hopes with regard to Mitsui Chemicals, and topics to focus on going forward ✓ Use of chemicals to contribute to the global environment through VISION 2030 ✓ Further incorporation and use of outside perspec
Slide 54: A global solutions company that leads change and contributes to a sustainable future
A global solutions company that leads change and contributes to a sustainable future Copyright © 2022 Mitsui Chemicals, Inc. 54
Slide 55: Chemistry for Sustainable World
Chemistry for Sustainable World Challenge Diversity One Team Statements made in this document with respect to Mitsui Chemicals' current plans, estimates, strategies, and beliefs and other statements that are not historical facts are forward-looking statements about the future performance of Mitsui C