Mitsubishi Corp

As an important management issue, the Executive Committee determines the basic policies and other important matters regarding climate change*, and reports these to the Board of Directors. In addition to seeking advice and recommendations from the external experts of the Sustainability Advisory Committee, the Sustainability & CSR Committee discusses matters thoroughly before they are brought to the Executive Committee. [...] Using the mechanisms introduced in the new Midterm Corporate Strategy for simultaneously decarbonizing and reinforcing our portfolio, as shown in the workflow below, we will conduct functional risk management, from identifying businesses with high climate change risks to assessing the impacts on profitability of individual projects. Additionally, based on our current sustainability-related governance system, we will build a system that ensures that the Board of Directors is appropriately involved.

\n\n\nSustainability \nINDEX\n\n## Policy\n\nMC has a basic policy of identifying various risks involved with its business activities, classifying them by their characteristics, and managing them in order to maintain and improve its financial soundness and corporate value. In particular, risks that significantly affect MC's financial position and social standing are identified and managed on a consolidated basis.

To achieve improvements and provide solutions to societal issues through our global business operations, we engage in collaboration, joint initiatives and dialogue with public sector bodies through our involvement in business associations, public-private initiatives and other forums, with the aim of contributing to societal development. [...] Business association activities: Dialogues with public sector bodies through the Japan Business Federation (Keidanren), the Japan Chamber of Commerce and Industry, the Tokyo Chamber of Commerce and Industry, the Japan Association of Corporate Executives, the Japan Foreign Trade Council, Inc., etc. [...] Public-private initiatives with public institutions: Collaborations with and utilization of Japanese government ministries (Ministry of Foreign Affairs, Ministry of Economy, Trade and Industry, Ministry of the Environment, Ministry of Land, Infrastructure, Transport and Tourism, etc.), the Japan International Cooperation Agency and Multilateral Development Banks

Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]Regarding the engagement activities conducted by each Business Group, each Group Chief Sustainability Officer is charges with confirming whether these activities are consistent with MC's climate strategy. In addition, the Corporate Sustainability & CSR Dept. is consulted on a case-by-case basis to confirm the content of these activities and their consistency with MC's climate strategy. Reports are also made to the Corporate Functional Officer (IT, CAO, Corporate Communications, Corporate Sustainability & CSR) who serves concurrently as a Member of the Board and Executive Vice President.

Does your organization have a public commitment or position statement to conduct your engagement activities in line with the goals of the Paris Agreement?[…]No, and we do not plan to have one in the next two years