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

Contributing to realization of carbon neutrality, circular economy, and nature positive goals

Mitsubishi Electric Corporation (TOKYO: 6503) announced today its new Environmental Plan 2025, from April 2024 to March 2026, based on the company’s Environmental Vision 2050 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 Initiative (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 positive goals.

Environmental Plan 2025

Every few years, Mitsubishi Electric formulates a new environmental plan for measures and targets under the company’s Environmental Vision. Environmental Plan 2025 follows Environmental Plan 2023, which covered a three-fiscal-year period ending March 2024. To achieve the company’s net-zero target at factories and offices by March 31, 2031, Environmental Plan 2025 sets interim targets for the period ending March 31, 2026. In addition, it specifies simplified calculations for LC-CO₂ emissions contributing to carbon neutrality and the circular economy as well as nature-positive targets contributing to the Japanese government’s “30by30” initiative.

For the full text, please visit: www.MitsubishiElectric.com/news/

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