Mitsubishi Electric Unveils Short-term Environmental Plan and Updated SBTi-certified Targets in Line with 1.5-degree Centigrade Trajectory

Mitsubishi Electric Corporation (TOKYO: 6503) announced its new Environmental Plan 2025, from April 2024 to March 2026, based on the company’s Environmental Vision 2050¹ long-term commitments to addressing environmental issues. The company also announced updated greenhouse gas emissions-reduction targets through 2030 for its corporate group, which have been certified by the Science Based Targets Initiative² (SBTi) for conformance with the Paris Agreement’s 1.5°C trajectory.

Mitsubishi Electric, which has positioned sustainability as a cornerstone of its business, management philosophy and environmental vision, aims to achieve net-zero greenhouse gas (GHG) emissions at its factories and offices by the fiscal year ending March 31, 2031 and throughout its entire value chain by the fiscal year ending March 31, 2051.

Moving forward, Mitsubishi Electric will continue contributing to a sustainable global environment by steadily implementing initiatives for environmental planning and the achievement of SBTs, including reducing the environmental impact of its entire value chain, to realize carbon neutrality, circular economy, and nature positive³ goals.

1. https://www.MitsubishiElectric.com/en/sustainability/environment/ev2050/index.html
2. International initiatives and collaboration between CDP, the United Nations Global Compact, World Resources Institute and the World Wide Fund for Nature; one of the We Mean Business Coalition commitments. Promotes the establishment of emission reduction targets consistent with the findings of climate science, with the aim of containing global average temperature increases due to climate change to within 2°C compared with pre-industrial levels
3. Movement to enhance the capacity of the environment and societies to halt and reverse nature loss