Mitsui OSK Lines Ltd

Lobbying Governance

AI Extracted Evidence Snippet Source

The Group considers environmental issues such as climate change, marine environment, biodiversity, and air pollution prevention, as well as issues related to sustainability in general, to be important management issues and has established a management structure with the CEO as the decision maker. The Chief Sustainability Officer (CSuO) oversees environmental initiatives, including climate change measures, and the Sustainability Committee (formerly the Environment and Sustainability Committee, renamed from FY2024), which is subordinate to the Executive Committee, is the main deliberation body. The Committee is chaired by the Chief Financial Officer (CFO) and vice-chaired by the Chief Sustainability Officer (CSuO). Matters discussed by the Committee are reported to the Executive Committee and the Board of Directors as appropriate, and matters of particular importance are discussed and approved by the Executive Committee and the Board of Directors prior to implementation. [...] With effect from FY2024, the Environment and Sustainability Committee was renamed the Sustainability Committee. The committee adopted a more flexible approach to deliberations, with more frequent meetings to discuss a wider range of topics. To enhance the Board of Directors' engagement in the review of sustainability management policies and strategies, a new 'Sustainability Discussion' was established as a standalone agenda item at Board meetings. [...] The Environmental & Sustainability Strategy Division was established in FY2021 to oversee the integration of the Group's sustainability efforts, the incorporation of sustainability initiatives into the BLUE ACTION 2035 management plan and the integration of climate change measures into business strategies. Concurrently, the MOL Group Environmental Vision was devised as a means of addressing climate change-related risks and opportunities, and comprehensive approaches to environmental issues are being promoted. The Sustainability Committee is responsible for monitoring the status of the Vision on a regular basis. Furthermore, we will ensure that each initiative is aligned with our financial plan through internal linkages.

https://www.mol.co.jp/en/sustainability/environment/tcfd/

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CDP Questionnaire Response 2022

Does your organization have a public commitment or position statement to conduct your engagement activities in line with the goals of the Paris Agreement?[…]Yes

CDP Questionnaire Response 2023