Japan Partnership for Circular Economy

Japan Partnership for Circular Economy

Mitsubishi Chemical Corporation

Mitsubishi Chemical Corporation
's cases

Basic values and policies regarding circular economy initiatives as a corporation.

Mitsubishi Chemical Holdings Corporation (MCHC), our parent company, launched KAITEKI management in 2011 and has treated the improvement of sustainability as part of its corporate value. In the medium- to long-term basic management strategy, KAITEKI Vision 30, which was announced at the 2020 analysts meeting, the company formulated its ideal vision for 2030 through backcasting by determining the image of society and the company it should aim for in 2050. One of the five measures to contribute to the improvement of environmental and social sustainability is the promotion of Circular Economy (CE).

KAITEKI is an original concept of the MCHC Group that proposes a way forward in the sustainable development of society and the planet, in addition to serving as a guide for solving environmental and social issues.

Market opportunities and strengths of the company in circular business

We provide a wide range of products and services, from basic chemicals to functional products, on a global scale. As a member of society and as an integrated chemical company, we are promoting CE by developing our own technologies and collaborating with various partners, for example, in establishing a recycling system for plastics.

Setting indicators and targets

MCHC has created its own management of sustainability (MOS) indices to visualize the degree of contribution to sustainability, and is using the indices to evaluate the progress of management aimed at improving sustainability, one of its management axes. In line with the update of materiality and the formulation of the medium-term management plan, we have improved the items and operation methods of the MOS indices and have been using them since fiscal 2016. We Mitsubishi Chemical Corporation are also implementing and evaluating management aimed at improving sustainability based on the MOS indices.

Implementation system

In order to strengthen our efforts to address social issues related to sustainability, the Circular Economy Department was established in April 2020 (Circular Economy Division from April 2021). While we have been working to solve sustainability-related issues in each of our businesses, the CE Division is seeking new products, services, and business models that transcend the boundaries of conventional businesses and companies from a global perspective and scale. We will also actively promote collaboration with our business partners, academia, start-ups, etc.

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