Mitsubishi Electric : Again Named to CDP's Climate "A List"
December 09, 2021 at 09:12 pm EST
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FOR IMMEDIATE RELEASE No. 3465
TOKYO, December 10, 2021 - Mitsubishi Electric Corporation (TOKYO: 6503) announced today that the international nonprofit CDP has once again given Mitsubishi Electric its highest "A List" ranking for climate-change activities. The top rating recognize the environmental focus of Mitsubishi Electric's commercial activities and goals as well as the company's timely and appropriate information disclosure. Mitsubishi Electric has been named to the A List five different years in the climate-change category.
Mitsubishi Electric's environmental initiatives reflect the company's Environmental Sustainability Vision 2050* policy, which declares to "protect the air, land, and water with our hearts and technologies to sustain a better future for all." The policy is designed to reduce environmental impact in terms of global value chains, energy-saving products and systems, and cutting-edge infrastructure, ultimately to realize decarbonization and more a sustainable global environment.
*Please see https://www.MitsubishiElectric.com/news/2019/0613-a.html
Climate-change Initiatives of Mitsubishi Electric
1) Reduction of greenhouse gases throughout company's value chains, from development, design and procurement of raw materials and production through sales, distribution, use and disposal, aiming at net-zero CO2 emissions by 2050**
2) Provision of operationally more sophisticated systems for distributed power sources and storage batteries, further grid stabilization, and high-capacity, high-efficiency renewable-energy power transmission for expanded adoption of renewable energy in society
3) Reduction of emissions in production by introducing high-efficiency and IoT equipment, increasing the rate of adopting renewable energy, and upgrading equipment operation as well as developing energy-saving models
**Please see https://www.MitsubishiElectric.co.jp/news/2021/pdf/0603-a1.pdf
About CDP
The CDP evaluates environmental initiatives of corporations and governments with the endorsement of more than 590 investors managing worldwide funds totaling USD 110 trillion. After distributing questionnaires on activities that impact climate change, water and forests, the CDP then evaluates the data and announces the results. The latest evaluation, which includes eight ranks from A to D-, received responses from more than 13,000 companies.
Mitsubishi Electric was also rated "A-" (Leadership Level) for water activities in 2021, second only to "A".
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Mitsubishi Electric Corporation published this content on 10 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 December 2021 02:11:00 UTC.
Mitsubishi Electric Corporation is one of the world's leading manufacturers of electric and electronic equipment. Net sales (including intragroup) break down by family of products and by services as follows:
- industrial automation equipment (28.6%): programmable controllers, motor operators, counters, industrial robots, clutches, etc.;
- electric equipment (24.2%): generators, motors, transformers, power circuit breakers, testing systems, etc.;
- household appliances (22.4%): televisions, video recorders, air conditioners, refrigerators, lamps, vacuum cleaners, etc.;
- information and communication equipment (6.9%): mobile phones, satellites, aerials, medical and audiovisual equipment, servers, computers, etc.;
- electronic components and devices (4.7%): memory, logic integrated circuits, monitors, plasma screens, printed circuit cards, etc.;
- other (13.2%): financial services, real estate management, engineering and maintenance services, etc.
Net sales break down geographically as follows: Japan (52.1%), Asia (24.9%), Europe (11.1%), North America (10.3%) and other (1.6%).