Sustainability Report 2009

For a
Sustainable Future

Contents
Overview of Mitsubishi Corporation
Message From the CEO
Feature 1
MCs Businesses
From a Sustainability Standpoint
The Starting Point for MC
The Three Corporate Principles
Contributing to Safe, Comfortable
Transportation
Transport Systems Business
Responding to Societys Expectations
From Raw Material Procurement to Retail Sales
Supply Chain Management
Supporting Regional Development Globally
MCs Regional Contributions
Feature 2
MCs Ongoing
Sustainability Initiatives
MCs Social Contribution Activities
About This Report
Editorial Policy
3 Although Mitsubishi Corporation (MC) is often mistaken
Te Sustainability Report 2009 aims to deepen our stakeholders
understanding about Mitsubishi Corporations environmental aairs
6 and CSR activities. Te report is based on three broad themes: MCs
businesses from the standpoint of sustainability, ongoing sustainability
initiatives, and environmental and CSR performance. Te feature
sections report on MCs CSR and environmental-related business
activities and actions the Company is taking to address issues such as
climate change, the sustainable use of resources and biodiversity as
8 Principles, please see pages 8 and 9 of this report.
they pertain to the sustainability of our business.
We hope that this report will assist in deepening communication
with our stakeholders. We ask that you read the report in conjunction
with detailed supplementary data and recent news on our latest
8 activities, which can be found on our website.
Information regarding sections carrying this mark can
10
be found on Mitsubishi Corporations website under
Corporate Citizenship.
12 Let Us Know What You Think latent customer needs, and then set about delivering
We are interested in hearing readers opinions and impressions
14
regarding the Sustainability Report 2009 and our environmental
and CSR activities. To make it easy for you to give us feedback,
we have created a questionnaire on our website. Your opinions
18
and impressions will be taken into account in our future
environmental and CSR activities and reporting.
Guidelines
24 GRI Sustainability Reporting Guidelines 2006 (G3)
Please refer to our website under Corporate Citizenship for a table
referencing our report to the GRI Sustainability Guidelines.
Overview of Mitsubishi Corporation
Is Mitsubishi Corporation the Same Company as Mitsubishi?
separate companies that conduct their business activities
as the parent or holding company for various other independently and even compete with each other in many
corporations that also bear the Mitsubishi name, there elds. Although separate, they all share the same history
and honor the Three Corporate Principles prescribed by
is no single organization that owns or controls the entire
Koyata Iwasaki, the Fourth and nal president of the old
Mitsubishi Group, and no company that is actually called
Mitsubishi organization which was disbanded after World
or has ownership of the name Mitsubishi. While the
companies that share the Mitsubishi name have the War II. For more on the background of the Three Corporate
same roots which date back to 1870, they are all now
MCs Business Model
MC is Japans largest general trading company (sogo shosha) processing, distribution and sales, and retailing. MC
with over 200 bases of operations in approximately 80 provides functions at every stage throughout this value
countries around the world, including Japan. Together chain and, at the same time, raises the efciency of the
with more than 500 subsidiaries and afliates, we conduct whole process to the best of its ability.
business with customers and business partners worldwide If one focuses only on individual functions or specic
in a wide range of industries. businesses or elds, there is a tendency to optimize only
When we engage in a business, we rst identify parts of the value chain. MC endeavors to not only increase
the efciency of each of these individual parts of the value
products and services offering even higher added value chain but also to coordinate and manage businesses
to customers in the most efcient manner, thereby
to optimize the value chain as a whole. We also forge
contributing to the continuous development of society. alliances or cooperate with other companies to augment
areas where we would not be as effective as a standalone
To achieve this goal, we examine the entire value chain,
looking closely to see where we can best utilize our company.
capacity and expertise to add value. A value chain refers In the past, our business model centered on providing
to a series of processes that adds value to products at trading functions, namely procurement and sales. Today,
every stage, including design, production, processing, however, we combine trade and investment throughout
distribution, sales and services. The food business is entire value chains, from raw materials procurement
a good example of this approach. In this industry, MC upstream to retail markets downstream, in order to
is involved in food production, ingredient and food optimize the entire process.

CSR & Environmental Affairs Advisory Committee 26 Environmental Reporting Guidelines (Fiscal Year 2007 Version),
Ministry of the Environment of Japan Ex.) Food Business Value Chain

MCs CSR & Environmental Performance 28 Scope of Report

CSR & Environmental Management System
Relationships with
MCs Business Investment Partners
Environmental Management
Social Per formance
Mitsubishi Corporation and 590 principal consolidated
subsidiaries and afliates
29
Reporting Period
April 1, 2008 to March 31, 2009 (Some activities after March
30 2009 are also included)
Published: August 2009
32
Publication Supervisor: Yorihiko Kojima, President and CEO
36

Respect for Human Rights 36

Relationships with Employees
Corporate Data
Financial Highlights
Independent Assurance Repor t
For inquiries regarding this report, please contact:
36 CSR & Environmental Affairs Ofce
Mitsubishi Corporation
3-1, Marunouchi 2-chome, Chiyoda-ku, Tokyo 100-8086,
38 Japan
Telephone: +81-3-3210-7214
38
Facsimile: +81-3-3210-8063
39 E-mail: mcenv@org.mitsubishicorp.com
Website: http://www.mitsubishicorp.com

2 Mitsubishi Corporation Sustainability Report 2009 3

 Medium-Term Management Plan INNOVATION 2009
INNOVATION 2009 is MCs current medium-term
management plan covering the two-year period ending
March 31, 2010. Carrying on the same basic theme as its
predecessor, INNOVATION 2007, this plan envisions MC as
INNOVATION 2009 Opening Up A New Era
Sustain growth along with society by seizing upon global change to create new-era trends.
Strengthen the Management System). In an era high in
uncertainty, MC regards the INNOVATION 2009 period
as one for both building on its achievements to date and
consolidating its prospects for the future. In line with this

A New Industry Innovator that sustains growth in tandem thinking, MC hopes to create future growth drivers while
enhancing the quality of its business portfolio by prioritizing
(1) Developing & Utilizing HR on (1) Increasing Efficiency and Effectiveness
with present-day needs by creating new business and (1) Tapping into Global Growth Consolidated and Global Basis in Consolidated Management
adapting existing businesses to rapidly changing trends. resources more than ever before. (2) Promoting Innovation in New Fields (2) Dynamically Relocating HR (2) Developing Systems for Internal
(3) Strengthening Structure & Systems (3) Creating an Energetic Organization and Control and IT, and Reforming
Under this plan, MC has been executing management INNOVATION 2009 also calls for the strengthening of in Support of Growth Corporate Culture Administrative Process
initiatives to realize three basic concepts: Grasp Change CSR and for MC to develop businesses that promote
and Open Up A New Era (Develop Growth Strategy); sustainable development and growth, particularly through
Develop Human Assets (Utilize and Develop Human environmentally-friendly enterprises. MCs Stakeholder Triangle and Approach to CSR and Environmental Affairs
Assets); and Reinforce Internal Systems (Continuously
Community Businesses that help lower their impact on the Environmental evaluation and analysis in business
Customers environment development

NPONGO CO 2 reductions and emission credit acquisition
Environment Environmental preservation activities
Government, etc.
(Tropical Forest Regeneration Experimental Project, Global Coral
Partners (carbon offsets)
Stakeholder Relations Reef Conservation Project)

Business development at MC is undertaken with due By engaging key external stakeholders representing the Identification of human rights and labor issues Humanitarian support activities
in supply chains (Support for the impoverished in Africa, etc.)
Stakeholder Society
Triangle Promotion of diversity across the MC Group
regard for the concerns of our various stakeholders. MC communities where we operate and civil society at-large, Shareholders
Employees
Social
we are working to create a sustainable society by building Creditors Volunteer activities Welfare & education (Exchange student scholarships, etc.)
aims to balance the interests of a variety of stakeholders
even stronger relationships with stakeholders globally. Contribution (Friendship Camp for Mothers and Children, etc.) Arts & culture (Support for prospective young artists, etc.)
set in a stakeholder triangle comprising of customers and Activities International contribution activities around the world

partners, shareholders and creditors, and employees.

Corporate Standards of Conduct Mitsubishi Corporation Code of Conduct Mitsubishi Corporation Environmental Charter Organizational Structure (As of July 1, 2009)

1. Aim of Corporate Business Activities
Through its business activities, MC will endeavor to increase its
value. At the same time, the Company will strive to enrich society
in all ways, developing and offering its customers the best services
and products, with the highest regard for safety.
2. Fairness and Integrity in Corporate Business
Activities
MC will continue to develop its business activities in
compliance with all relevant laws, international regulations
and internal rules. The Company will act responsibly and will
respect the highest social standards.
3. Respect for Human Rights and Employees
MC will respect human rights and will not engage in any
discrimination. The Company will preserve and improve
its corporate strengths through the development of its
employees, all the while respecting the character and
individuality of each employee.
4. Information Security and Disclosure
While MC will continue to develop, implement and improve
the effectiveness of its information security management
system, at the same time the Company will disclose
information accurately and in a timely fashion, so as to
maintain transparency and be correctly understood by both
its stakeholders and the general public.
5. Consideration for Environmental Issues
MC understands that an enterprise cannot continue
to prosper without consideration for its environmental
performance, and will strive to protect and improve the
global environment and pursue sustainable development
through all aspects of its business activities.
6. Contribution to Society
As a responsible member of society, MC will actively carry
out philanthropic programs in an effort to promote the
enrichment of society. Moreover, the Company will support
efforts of its employees to contribute to society.
Basic Policy
All ofcers and employees of Mitsubishi Corporation (the Company) must
comply with all applicable laws, rules and regulations where they operate,
international standards and rules, and all internal corporate rules and policies.
In addition, all ofcers and employees of the Company must act in a socially
responsible manner by complying with the highest ethical standards in the
conduct of their business.
Basic Principles
1. Respect human rights, and do not discriminate on any basis, and engage
in any form of harassment.
2. Maintain a high regard for environmental considerations in conducting
our business operations, ensure that our business is conducted in an
environmentally sustainable manner, and comply with treaties, laws and
regulations concerning the environment.
3. Promote fair business practices and comply with trade rules, regulations,
and internal corporate rules and policies.
4. Comply with the rules and regulations of international trade.
5. Protect and properly use condential and proprietary information, protect
the rights of the Company and respect the rights of others.
6. Do not engage in insider trading.
7. Avoid conicts of interest with the Company; maintain a distinction
between corporate and private business.
8. Record and report accounting and nancial information in a timely and
accurate manner.
9. Maintain proper legal and ethical standards with respect to gifts and
entertainment.
10. Resolutely oppose any organization, group or individual engaged in
unlawful activities and do not provide money or other types of economic
benets to them.
11. Promptly report to or consult the superiors, the Group Compliance
Ofcers, the Domestic Branch Compliance Ofcers, the Foreign Regional
Compliance Ofcers, the relevant departments, the Secretariat for the
Compliance Committee, or the outside counsel in charge of Compliance
upon discovering or committing any violations of this Code of Conduct.
Basic Philosophy
As a sound global enterprise, MC recognizes that an enterprise cannot
continue to exist without consideration for its environmental performance.
We will strive to preserve and improve the global environment and pursue
sustainable development through all aspects of our business activities.
Guidelines for Corporate Action
1. Conformity with Environmental Laws and Regulations
We will act in accordance with environmental laws and regulations of
the national and local authorities to prevent environmental degradation
in the countries where we operate. We will also adhere to relevant
international conventions and incorporate respect for international
standards.
2. Natural Environment
We will develop resources, pursue investments, and promote
transactions with careful consideration of the environmental impacts of
our activities on local communities and ecosystems.
3. Resources and Energy
We will actively promote the efcient use and reuse of natural
resources and energy while also employing forms of energy that
minimize the environmental impacts of our operations.
4. Recycling Economy and Society
We will contribute to the development of a sustainable recycling
economy and society where resources are wisely used and waste
is minimized, through the introduction of new technologies and the
efcient utilization of our information.
5. Environmental Management System
In accordance with this Environmental Charter, we will seek ways to
continually improve our environmental management system.
6. Announcement and Public Release of the Environmental Charter
This Environmental Charter will be disseminated among the
management and all employees of MC. The Company will promote
environmental education to ensure that these principles are
understood and acted upon throughout the organization. In addition,
our Environmental Charter will be made available to the public.

4 Overview of Mitsubishi Corporation Mitsubishi Corporation Sustainability Report 2009 5

 Message From the CEO
We will contribute to the continuous advancement of society
in line with our corporate philosophy
encapsulated by the Tree Corporate Principles.
For the global economy, 2008 was a year of major change.
Te global nancial crisis, which originated in the United
States, rapidly impacted the worlds real economy including
Japans where a combination of falling overseas demand and
a stronger yen took its toll. Te global economic outlook
remains uncertain, despite some positive signs in the second
half of 2009, such as a faster-than-expected economic
recovery in China and other emerging nations.
During this period of severe change, while it is almost
impossible to predict the direction ahead, the global economy
may have undergone signicant structural change by the time
we nally emerge from the depths of this recession. Such
changes could include new nancial systems and regulations,
as well as structural shifts in global demand. I believe we
must be prepared for such changes.
At a time of tumultuous change, it is important to
recognize elements that should be permanentuniversal
values that we must not forget. In my New Years address
to employees in January, I stressed the need to refocus on
our origins. For Mitsubishi Corporation, our origins lie in
the Tree Corporate Principles that have constituted our
corporate philosophy since our foundation.
Te Tree Corporate Principles espouse the cultivation
of a business that contributes to the future of the world and
humanity. Tey commit us to conduct business with fairness
and integrity at all times, while seeking to balance social and
environmental needs. Tese principles act as the conscience
of MC, keeping us anchored to the need to fulll our social
responsibilities as a corporate citizen. In line with our
philosophy, our goal at MC is to contribute to the continuous
advancement of society while raising consolidated corporate
value as a global business enterprise.
At MC, we see our response to global environmental
challenges as one of our most important management issues.
We are therefore actively engaged in promoting a range of
initiatives aimed at realizing a sustainable society. Tese
activities encompass every aspect of our business activities.
Tree themes among many are particularly important
when we consider the future of the global environment:
tackling climate change; sustainable use of resources; and
preservation of biodiversity. Tese are also areas where society
6 Mitsubishi Corporation Sustainability Report 2009
demands a high-level response from companies. We have
long recognized the importance of addressing these issues
and for many years have included environmental measures
in business activities to address such issues. In addition to
our business-based initiatives, we have striven to be an active
contributor through a range of social contribution programs.
To respond to climate change, we have taken the lead in
developing programs to cut greenhouse gas (GHG) emissions.
We are helping to introduce new technological solutions
to combat global warming, including the development
of alternative and renewable energy, and to promote new
frameworks aimed at reducing GHG emissions. At the same
time, we are striving to improve the energy eciency of our
business operations.
To promote the sustainable use of resources, we are
focusing on initiatives aimed at ensuring the ecient use and
re-use of resources such as water, food and minerals. MC is
engaged in several related business areas, including provision
of water and sewerage services, material recycling operations,
and a power supply business that generates electricity from
food waste-derived biomass.
Recognizing the important role of biodiversity in
supporting the glorious variety of nature, we are also involved
in projects to preserve the natural environment. Te Tropical
Forest Regeneration Experimental Project and the Global
Coral Reef Conservation Project are examples of activities we
are engaged in here in Japan and abroad.
Besides our environmental activities and programs,
we also attach the highest priority to considering human
rights in supply chains, alleviating poverty in developing
countries and other serious issues in the course of developing
our business activities around the world. Accordingly, MC
supports the Universal Declaration of Human Rights and
the Voluntary Principles on Security and Human Rights.
We will also continue to provide employment and working
environments that consider the human rights of employees,
who are our greatest asset. I personally make a point of
creating opportunities to interact with employees to foster
communication and listen to their opinions.
Te world currently faces serious social and economic
challenges. However, we see the current global structural
changes taking place as the perfect opportunity to create
future growth drivers, given that these changes are spawning
new industrial needs. In April 2009, we designated four
areas for corporate development: functional, business sector,
regional and customer relationship. Te goal is to promote
actions on a Company-wide basis that lay the foundations
for future growth and ensure that growth opportunities
arent inadvertently missed. In terms of business sector
development, we have been focusing on strengthening the
development of businesses that oer growth prospects over
the medium and long terms such as the new energy business,
and the environmental and water business. I believe that
these elds not only represent future growth businesses, but
are also very important in the context of ensuring that MC
continuously contributes to the creation of a sustainable
society, in line with the Tree Corporate Principles. Four
committees and specialized Corporate Development
Divisions spanning all business groups have been established
to vigorously promote Company-wide development. Under
this framework, we are implementing initiatives that bring
together knowledge and expertise from the entire Company,
including related business groups and corporate divisions.
Te year ending March 31, 2010 marks the nal year of
our medium-term management plan called INNOVATION
2009 and the culmination of a six-year plan (that started
with INNOVATION 2007) based on the vision of MC as A
New Industry Innovator. Have we fullled this innovator
role in terms of seizing upon global change and innovating
new-era trends so that MC can continue to grow along with
society? As we review the past ve years, we must pave the
way for new programs and activities. In order to realize this,
we need to listen to the input and opinions of our various
stakeholders like you on how we can do better to manage
our business for the sustainable development of society as a
whole.
Yorihiko Kojima
President and CEO
7
 Feature 1
MCs Businesses
From a Sustainability Te Spirit of the Tree Corporate Principles Lives On
Standpoint Contributing to Society Even
in Troubled Times
In 1920, the Japanese economy fell into recession
Te Starting Point for MC and was in a state of disarray following a post-W WI
boom and due to plummeting stock prices caused by
Te Tree Corporate Principles the tightening of monetary policy. Te old Mitsubishi
Trading Company (Mitsubishi Shoji Kaisha
disbanded in 1947), which had only just been
established in 1918, had to endure extremely dicult
circumstances and was forced to suspend dividends
for three years from 1919.
Faced with these circumstances, Koyata Iwasaki,
the rst chairman of the old Mitsubishi Shoji Kaisha,
and fourth president of Mitsubishi, called a meeting
for all oce general managers 1 at headquarters.
Standing before the assembled managers, who were
resigned to being blamed for the companys results, he
used the occasion to explain the need to question the
economic function of trade and the responsibility of
trading companies to producers and consumers. An
excerpt of his speech is as follows:
We must wholeheartedly embrace competition, but
we must compete fairly. And I want us to compete
in terms of quality, not quantity. However, we must
Corporate Responsibility to Society Shoki Hoko be careful not to get so caught up in competing that
Strive to enrich society, both materially and spiritually, while contributing towards the preservation we use any means to justify the end. Tis would be
of the global environment.
regrettable in light of our founding traditions. We
mustnt speculate with the aim of proteering, so as
Integrity and Fairness Shoji Komei to get rich quick.
Maintain principles of transparency and openness, conducting business with integrity and fairness. 1 General managers of Mitsubishi Corporation bases in Japan and overseas are generally
referred to as ofce general managers.
International Understanding through Trade Ritsugyo Boeki
Expand business, based on an all-encompassing global perspective.
( The modern day interpretation of the Three Corporate Principles, as agreed at the Kinyokai meeting of the 28 companies
that constitute the so-called Mitsubishi group in January 2001.)
8 Feature 1
Passing the Spirit of the Tree Corporate
Principles to Future Generations
Based on the leadership of Mr. Iwasaki, the Tree
Corporate Principles were formulated in 1934 as
the core values for the company. Te spirit of these
principles has been kept alive by successive generations
of employees and remains to this day the touchstone
for fullling our responsibilities to the global
environment and society as we conduct business.
For instance, when we conduct business in a new
region, we communicate with all local stakeholders
including the people that live there. We engage in
business mindful of contributing to the development
of local communities such as by taking into account
the natural environment, creating jobs, and improving
living environments. Tis approach extends across
entire value chains, from upstream resource
development and procurement to downstream sales
and services.
Today the spirit of the Tree Corporate Principles
remains the cornerstone of our organizational and
corporate culture and represents what Mitsubishi
Corporation stands for. As a good corporate citizen,
we will ensure that the spirit of the Tree Corporate
Principles lives on through our core businesses.
The rst issue of the in-house newsletter
published in 1954 featured the Three
Corporate Principles
Mitsubishi Corporation Sustainability Report 2009 9
 Feature 1
Contributing to Safe, Comfortable
Transportation
Transport Systems Business
The merits of railways are being revisited around the world as a means of public transportation with a lower
environmental impact than automobiles and planes.
In countries with underdeveloped infrastructure in particular, demand for railways as a means of city
transportation is increasing due to the air pollution and economic losses that stem from chronic trafc congestion.
MC is responding to the needs of these countries through its railways and other transport systems businesses.
Enhanced transportation infrastructure naturally raises convenience for locals; but it also contributes to the
advancement of regional communities, alleviating trafc congestion, easing environmental problems and creating
jobs, among other benets.
Activities in Cairo, Egypt
MCs railway business activities began with the delivery
of Japanese-made steam locomotives to India in 1955.
Today, MC supplies railcars and equipment, and constructs,
operates and maintains complete railway systems overseas,
fullling the roles and offering the functions demanded of
railway management. Railway projects span many years and
cost enormous sums of money. Through its involvement, MC
is helping to bring these major undertakings to fruition.
MCs activities in Egypt began in 1962 when it delivered
street cars to the Heliopolis development company. Since
then, we have continued trading activities, delivering more
than 1,400 railcars thus far to railway operators in Egypt.
The Cairo Metro subway stands out as one of the most
noteworthy projects. Opened in 1987, it is the African
continents only subway line. Comprising 2 lines today that
stretch for 65 kilometers in total, the Cairo Metro subway
has become a main arterial line, carrying some 2.5 million
passengers per day. It is now so interwoven with the lives of
Cairo residents that it is regarded as one of Egypts foremost
10 Feature 1
3, which will link Cairo with Cairo International Airport, is environmentally friendly means of transport, a CDM 1
proceeding toward a scheduled opening date in 2011 with
technical cooperation involving the transfer of Japans railcar
application has been approved for the construction of a railway
in India. The opening of a railway can change peoples lives
manufacturing technologies to Egyptian manufacturers. As
the coordinator for this project, MC is thus helping Egypt in
and lifestyles. Were convinced of that and its for that reason
that we are developing our transport system business in Egypt
its efforts to produce railcars domestically. and other places, says Takeo Kato, Transportation Systems
Unit, Ship Aerospace & Transportation Systems Division,
For Local Communities Machinery Group.
When railways are built, it is common practice for
construction to go ahead only after an environmental survey
is conducted and the fulllment of conditions such as
compliance with country laws and regulations is conrmed.
To achieve even greater transparency, dialogue is held with
environmental groups and public comment is also solicited.
In Dubai, United Arab Emirates (UAE), the Dubai Metro
is scheduled to begin rst-stage operations in 2009. The
Dubai Metro is the worlds longest fully automated railway
with 76 kilometers of track. MC is participating in this
project as a member of a ve-company consortium. In
addition to supplying rolling stock, signaling equipment, A Japanese-made railcar is unloaded at the Port of
Alexandria, Egypt.
communications and station facilities, this project also
involves civil engineering and construction work necessary to
build elevated tracks, tunnels and stations. The consortium
Cairo Metro subway railcars are
will also maintain the railway system under contract for three designed with Cairos weather and
regional characteristics in mind, so as
years after it opens. The Dubai Metro has already created to facilitate maintenance, when sand or
many jobs, with some 30,000 people working on the project, dust gets into precision equipment.
and completion of this transport system in a highly motorized
society like Dubai is expected to ease congestion that can
choke economic growth. For these reasons, the project has Dubai Metro
considerable social signicance and is highly anticipated by 1: Clean Development Mechanism (CDM) is one of the Kyoto Mechanisms incorporated in
locals. the Kyoto Protocol for creating emission credits. Projects carried out by industrialized
Amid the worldwide reassessment of railways as an countries that reduce emissions in developing countries earn credits issued according
to the volume of reductions.
MCs Worldwide Transport System Business
public works projects, even to the extent that it has been
referred to as the Fourth Pyramid after the three pyramids
in the Giza Necropolis.
MTR Corporation Delhi Metro Rail Corporation Taiwan High Speed Rail Corporation
Helping Egypt to Make Railcars (Hong Kong) (India) (Taiwan)
The copyright is preserved and licensed by Taiwan High Speed Rail Corporation
MC delivered 60 Japanese-made railway cars to the Cairo
Metro subway in 1993. Robust and dependable, Japanese-
made railcars have earned a worldwide reputation. Cairo
Metro Organization, the operator of the railway at the Stakeholder Message
time, requested railcars that were made with regional
characteristics in mind such as in terms of weather, Mitsubishi Corporation is known as one of the the contract for an additional three months
climate and national character. MC met those demands, major suppliers of railway cars and our rst because we valued their service exibility and
transaction with them was in 1993 after they efciency.
supplying new railcars with the cooperation of Japanese
supplied us with railcars for the Number 1 We highly appreciate Mitsubishi
manufacturers.
Line (HelwarnElmarg). Thanks to Mitsubishi Corporations superb ability to contribute to
The government of Egypt views railways as an important
Corporations past performance we entered safe transportation within the region.
national industry and is channeling efforts into the domestic
production of railcars. For this reason, some of the railcars into a long-term maintenance contract with
them for our Number 2 Line starting in August Eng. Ahmed Abd Elhafez,
MC delivered are being assembled in Egypt by a local Head of Central Department,
rolling stock manufacturer under the technical supervision 2008. Although the time period for this contract Line No. 2 Maintenance,
was about to expire, we actually extended The Egyptian Company for Metro
of Japanese manufacturers. Furthermore, Cairo Metro Line
Mitsubishi Corporation Sustainability Report 2009 11
 Feature 1

Responding to Societys Expectations

From Raw Material Procurement to Retail Sales
Supply Chain Management

CSR Action Guidelines for Supply Chains
MC handles a multitude of products around the world and
accordingly supply chain management is one of the key
areas of focus in our overall commitment to CSR. We request
that our suppliers adhere to our CSR Action Guidelines for
Supply Chains (see below) to help ensure that the products
we deal with have been produced in an environmentally and
socially responsible manner.
These action guidelines, which were rst formulated
in February 2008, are published on MCs website and
communicated directly to our suppliers and other relevant
parties. The guidelines cover the basic environmental and
social standards that we expect all of our suppliers to
adhere to.
Surveys and Site Monitoring management and monitor the CSR activities of each Survey Responses for Fiscal Year Ended
MC conducts surveys of suppliers of a range of products, company (see below). March 2009 by Region
including those industries where CSR considerations are
particularly impactful, such as agricultural produce and
Looking Ahead
apparel. Supplier surveys and site visits provide a valuable
In the scal year ended March 31, 2009, replies were opportunity to communicate MCs stance on CSR and OECD
Countries
received from 193 companies in 28 countries and regions. environmental affairs and will therefore be conducted on an 19
China
97
Respondents answered questions pertaining to matters ongoing basis.
such as the existence of regulations and legal compliance; MC conducts transactions with a large number of
forced labor, child labor and prohibition of discrimination; suppliers throughout the world. Moving forward, the Asia
Latin Africa 37
environmental conservation; and information disclosure. company plans to continue efforts to ensure that its supply America 11
No particular problems were identied by this survey, but chain guidelines are well understood by overseas ofces and 29
as a measure of assurance we have also begun site visits MC Group companies, while eliciting the understanding and
to key suppliers. In July 2009, we visited two companies cooperation of suppliers on a global basis.
in China to inspect manufacturing work sites, interview

Supply Chain Field Surveys

CSR Action Guidelines for Supply Chains
Mitsubishi Corporation conducts various trading models and must manage supply chains according to the characteristics of each
industry therein. In order to communicate Mitsubishi Corporations basic stance regarding supply chains, the company has established
the following CSR Action Guidelines for Supply Chains which it expects all suppliers to embrace, understand and abide by:
1. Forced Labor
Suppliers shall employ all employees of their own free
will with no employee being subject to forced or bonded
labor.
2. Child Labor
Suppliers shall not employ people under the minimum
legal working age of the country in question.
3. Safe and Healthy Working Environments
Suppliers shall work to provide employees with safe and
healthy working environments.
4. Freedom of Association
Suppliers shall respect the right of employees to
associate freely and for these groups to negotiate
working environments, wages and other matters with
employers.
5. Discrimination
Suppliers shall strive to ensure equal opportunities in the
work place and shall not engage in discrimination with
regard to recruitment and employment practices.
This company is a member of the Guotai Group, which is made
6. Abuse and Harassment
Suppliers shall respect employees human rights and
must not tolerate abuse or any form of harassment.
7. Working Hours
Suppliers shall ensure that employees working
hours and use of leave entitlements are appropriately
monitored so as not to infringe upon any statutory
regulations.
8. Suitable Remuneration
Suppliers shall pay employees at least the statutory
minimum wage and shall not unreasonably reduce wages.
9. Consideration for Environmental Issues
Suppliers shall work to protect the environment and will
consider the environmental impact of their business
activities on local communities and ecosystems.
10. Information Disclosure
Suppliers shall disclose information with respect to the
aforementioned matters in a timely and appropriate
manner.
Zhangjiagang Guotai United Creation Garments
(Zhangjiagang, Jiangsu)
up of 16 operating companies and 45 factories. The company
has approximately 400 employees with an average age of 25, and
produces mainly knitwear such as sweaters and dresses. In 2004,
Zhangjiagang Guotai United Creation Garments drafted CSR
regulations pertaining to various key areas like legal compliance,
labor conditions, prohibition of child labor and the environment
and regularly reviews these regulations. In 2005, it obtained CoC
(Chain of Custody) supplier certication regarding its CSR from
customers in Japan, the U.S. and Europe. When hiring, it checks
the government-issued identity cards of prospective employees
to ensure they are of legal working age. In terms of environmental
performance, the company has identied manufacturing waste
wastewater from washing, textile waste such as cotton waste as
well as packaging waste like bags
and boxes as the main source
of its environmental impact. The
company properly treats waste
and has installed wastewater
treatment equipment to prevent
pollution.
Nantong Sunrise Industrial and Commercial
(Nantong, Jiangsu)
When the company was established in 1997, it was initially engaged
only in trading. In 2003, however, it built a factory and began
producing mainly casual wear for the Japanese market. Today,
it employs around 600 people, with an average age of 30 years
old. In 2006, the company obtained ISO 9001 and ISO 14001
certication as well as CoC certication from major customers and
also undergoes several audits each year. All employees belong to a
labor union, which negotiates changes in working hours and other
terms and conditions of employment with the company. Nantong
Sunrise Industrial and Commercial regards prevention as of
paramount importance in terms of safety management and carries
out maintenance of steam irons and other equipment and facilities
twice a month. Wires inside the factory have also been laid with
safety in mind. Wastewater and energy use (electricity, coal, etc.)
were identied as its main sources
of environmental impacts. The
company not only measures these
impacts but also works to lessen
them by implementing various
steps like cutting energy use
through employing energy-saving
lamps in factories.

12 Feature 1 Mitsubishi Corporation Sustainability Report 2009 13

 Feature 1

Supporting Regional Development Globally

MCs Regional Contributions

MCs Global Network

Accurately Assessing the Current State and Needs of Regional Communities, (As of May 1, 2009 )
Promoting Business and International Contribution Activities
Ofce Overseas Regional Subsidiary (Main and branch ofces) Middle East
In April 2008, MC launched a medium-term management plan called Ofces: In Japan: 34, Overseas: 200 (In addition, there were 34 Project Ofces)
Besides developing and trading energy
INNOVATION 2009 that has as one of its main aims the acceleration
resources, we continue to engage in
of efforts to tap into global growth. Under this plan, MC began
petrochemical, chemical fertilizer and other
consolidating its strategic planning activities, and appointed a
businesses. With countries in the Middle
Corporate Global Strategy Ofcer with responsibility for worldwide
East introducing new energies as part of their
strategic planning. This new strategic planning structure was needed
national strategies, we also see opportunities
in order to respond and adapt to the global business environment Europe to contribute to regional development in the
that has been in constant ux since the onset of the nancial crisis & CIS
infrastructure and environmental businesses.
in September 2008. This move is based on the recognition that it is
increasingly important to further assess and understand various local
issues when developing business from one region to the next, and to Youth Center Extends a Helping Hand
be more strategic in how we make business decisions and how we to Disadvantaged Children
North
fulll our overall commitment to the communities where we operate. China America MC and leading Egyptian conglomerate
As a global business enterprise, MC must think of how it can Orascom Telecom have teamed up to
Japan
support the countries and regions where it conducts business over support a program for helping street
Middle East children. A signing ceremony for the proje
the medium and long terms. MCs business units both in Tokyo
ct
and around the world are working in a coordinated and cohesive
was held in September 2008. In the scal
manner to integrate business strategy and philanthropy in order to year ended March 31, 2009, MC donated
more effectively use our core competencies to help solve various 12 million to help build a youth center and
local issues. Moving forward, MC will leverage its extensive global Asia
& Oceania fund educational programs in Egypt, where
network to identify social trends and understand the needs of local Latin the issue of street children has become a
communities where we operate, and we will strengthen our CSR America major social problem. Built alongside the
Africa
policies and philanthropic programs accordingly to make them more Suez Canal, the new youth
effective. center offers one-on-one
counseling and brings in
specialist social workers to
participate in educational
programs.
Europe & CIS,
Middle East
& Africa

Europe & CIS Supporting the Permanent Galleries for Japanese

In Western Europe, MC is maintaining and strengthening its core
businesses in metals, machinery, chemicals, living essentials and other
areas. In Central & Eastern Europe, Turkey, Russia, the Ukraine and
elsewhere, meanwhile, we are working hard to discover and develop new
projects. Key elds we are concentrating on include solar, wind and other
renewable energy, electric vehicles and next-generation batteries.
Furthermore, in addition to social contribution activities carried out
by each ofce to contribute to the region, in 1992 MC established the
Mitsubishi Corporation Fund for Europe and Africa (MCFEA). This fund is
conducting activities to promote environmental conservation, education
and research into the environment, and poverty alleviation. In terms of
activities for 2009, MCFEA will provide a grant for two years to support
a forest conservation project in Tanzania, and support the Wildfowl and
Wetlands Trust (WWT) for one year as part of a major initiative to save the
Madagascar Pochard, the worlds rarest species of duck. For details of
these and other activities of MCFEA, please visit the following website:
Culture at the British Museum (UK)
The British Museum and MC signed a 10-year sponsorship
agreement in January 2008 under which MC will be the sole
sponsor of the permanent galleries dedicated to Japanese
culture 1 in the Museum. The galleries will feature objects
from the Museums extensive Japanese collection, the most
comprehensive in Europe. Moreover, for a two-year period
from September 2008, Mitsubishi Corporation (UK) Plc. will
provide support for a special project manager. This manager
will promote various programs related to the permanent
galleries and special Japan exhibits,
including holding public seminars,
academic symposiums, artists
exhibitions and workshops for
children.
1: The Mitsubishi Corporation Japanese Galleries
Africa
In addition to engaging in commercial
transactions in automobiles, general
merchandise, foods, chemical raw
materials and other products, we are
active in infrastructure development,
which will be essential to regional growth.
We are also focusing on projects that
may come to fruition in the future with
an eye on securing metals and energy
resources. Given the extent of the need
for sustainable economic development in
Africa, we are also promoting CSR and
environmental activities as important
aspects of our business strategy in this
region.
Regional Contribution in Mozambique
MC is a shareholder in Mozal S.A.R.L (MOZAL) 2 , an aluminum smelting
company in Mozambique. MOZAL is devoted to giving back to the
local community and every year US$5 million from business prots is
contributed to Mozal Community Development Trust (MCDT). MCDT
supports small businesses, helps build social infrastructure and provides
assistance in various areas such as public health, education, sports
and cultural initiatives. The education eld is a special area of focus and
so far MCDT has built 10 elementary schools and 1
junior high school. In December 2008, construction
of a schoolhouse for an industrial high school was
completed. Activities are continuing with the goal of
eventually building industrial high schools in all 10 of
Mozambiques provinces.
2: MOZ ALs shareholder s are MC, global re source s major BHP
Billiton Ltd., the government of Mozambique, and the Industrial
Development Corporation of South Africa Ltd.

Web: www.mcfea.org

14 Feature 1 Mitsubishi Corporation Sustainability Report 2009 15

 Feature 1
Supporting Regional Development Globally MCs Regional Contributions
Europe
& CIS
China
Middle
Japan
East
Asia
& Oceania
Africa
Americas
North America
The U.S. has slipped into recession due to the nancial
crisis that began in the fall of 2008. However, the Obama
administration has moved to rebuild the country, in part,
by promoting a green economic development agenda, with
increased federal government support for the development
of renewable energy and other businesses that address
pressing environmental concerns. While establishing a
rmer footing in existing businesses, we will focus on
developing new business in anticipation of changes that
are being implemented to revive and reshape U.S. industry
going forward.
In January 2008, Mitsubishi International Corporation
(MIC) established the position of Chief Sustainability
Ofcer (CSO) for North America, reecting MCs overall
commitment to conducting business in a more socially and
environmentally sustainable manner. Among the activities
in the scal year ended March 31, 2009, environmental
and CSR surveys and SWOT analyses were conducted in
all divisions and an internal CSR education program was
initiated. In December 2008, MIC also announced a CSR
vision for North America. In April 2009, Koichi Komatsu
was appointed president of MIC and also took over as
CSO. The following June, MIC ran its rst-ever CSR
education program for senior executives in North America.
In addition, employees continue to actively take part in
volunteer activities and through Mitsubishi Corporation
Foundation for the Americas (MCFA), MIC is supporting
environmental conservation programs on an ongoing
basis. For more information about the activities of MCFA,
please go to the following website:
Web: www.mcfamericas.org
16 Feature 1
MC is expanding transactions in growing domestic markets in China,
China exporting competitive Chinese-made products and engaging in
other activities in China in cooperation with leading local companies.
We are aiming to create businesses in a variety of elds, such
as infrastructure, a focus of the Chinese government, as well as
medicine, education, the environment, energy conservation and the
Japan service industry, to contribute to Chinas further progress.
North
America
Tree-Planting Project in Guizhou, China
The strength of MCs branches and branch
The China Green Foundation, one of Chinas largest NGOs, aims
ofces in Japan is that they operate on the
to contribute to environmental conservation through support for
cutting-edge of business. They leverage this
afforestation activities on a national level to prevent desertication
strength to detect developments in regional and soil erosion. It is also contributing to economic development in
industries and customers in response to
impoverished areas through the harvesting of fruit trees and other
Latin changes in economic conditions, and based
America activities. MC donates to projects organized by this foundation. At
on this information work with MC Group the end of February 2008, 40 MC staff members from 12 ofces
companies throughout Japan to better serve across China, including Beijing, Shanghai and Guangzhou, gathered
customers. In this way, they are strengthening to take part in a greenication project in Kaili, Guizhou, one of the
core businesses as well as developing foundations projects. This was a rare opportunity for the staff
promising elds. members to meet each other, and work together to plant the trees.
It was also an opportunity to talk
with local government authorities
International Student Scholarships
and local residents.
Support for a Seasonal Exhibition Since 1991, MC has provided scholarships
at The New York Botanical Garden to international students attending
Kiku: the Art of the Japanese Chrysanthemum Japanese universities (undergraduate
and graduate school levels). In the scal
MIC was a presenting sponsor for two years of a seasonal
year ended March 31, 2009, MC provided
exhibition displaying the art and beauty of Japanese
support to 105 international students.
chrysanthemums at The New York Botanical Garden. This
exhibition showcased traditional styles of growing the Furthermore, during the year, 18 schools Asia
in 12 countries were added to the MC
Japanese chrysanthemum, while also highlighting the artistry & Oceania
of traditional Japanese gardens and bonsai techniques. MIC International Scholarship program, which
now totals 29 schools in 22 countries. In
was instrumental in drumming Despite the difcult economic environment, we are working
up support to make the addition, MC held informal get-togethers
to promote infrastructure projects, as well as businesses that
with the students at its headquarters
exhibition a success, including target domestic demand in the region, which are relatively strong
soliciting donations from the and branches in the Kansai, Chubu and
Kyushu areas. and still growing. At the same time, we continue to develop the
Japanese business community resource and energy elds and are strengthening our hand in new
in New York.
elds such as environment, new energy and agriculture in order
to lay down the foundations for future growth. Ongoing efforts to
bolster partnerships with important customers are another aspect
of our strategy in the region as we seek to develop international
contribution activities that align with regional needs.
Latin America Assisting Coffee Plantations Supporting Agricultural Development in India
in Colombia
Latin America is blessed with an In November 2008, MC began a program through the MS
abundance of metal and energy As an environmental and CSR be allocated to 2,880 small farming Swaminathan Research Foundation 3 to contribute to the
activity in the eld of agriculture,
resources, as well as food families in 10 cities in 7 provinces for development of agriculture in India. Under the program, which
since 2003 MC has been supporting three purposes: increasing quality aims to eradicate poverty, improve the living standards of farmers
resources, and its importance
small coffee bean growers in and productivity; farmer education and increase the productivity of agriculture, MC will contribute
as a source of vital natural
resources has been growing. Colombia in a government-led and training; and environmental US$150,000 a year over 5 years to the Foundation. In the scal
project intended to promote safe protection. year ended March 31, 2009, MC supported
Besides continuing to discover
and sustainable livelihoods. MC is a training development program for
new business opportunities in
providing nancial support totaling ethnic minorities in the Koraput district of
energy and mineral resource
US$1 million over 10 years to the Orissa in the eastern part of India, where
development, we plan to focus joint business project involving the agriculture is a way of life. Activities for
on new energy, environment and ofce of the Colombian president, future scal years will be decided each
water-related businesses as well the National Federation of Coffee year in consultation with the Foundation.
as strategic CSR activities that Growers of Colombia (FNC) and
3: A foundation established in New Delhi in 1988 by Dr. MS Swaminathan, who is
will help facilitate sustainable regional communities. The funds will referred to as the father of Indias green revolution.
development in the region.
Mitsubishi Corporation Sustainability Report 2009 17
 Feature 2

MCs Ongoing Business Group Initiatives The parentheses in each list of main initiatives show the name
of the related business investment.

Sustainability Initiatives Corporate Development Section

MC is promoting new businesses with medium- and long- Realizing a Recycling-Oriented
In order to contribute to the continuous development of society through its core businesses as a term growth prospects that are expected to become
Society Resources
global business enterprise, MC is actively promoting initiatives aimed at creating a sustainable society future earnings drivers in elds such as new energy, the
in all areas of its businesses. environment and water-related businesses, as well as IT MC business investee M M Plastic Co., Ltd. (Futtsu City,
In this section, we report on our ongoing sustainability initiatives, as well as the businesses being services, which can have a big impact on strengthening the Chiba Prefecture) manufactures shipping pallets made from
promoted by each of our business groups and the successes they have achieved in the scal year sustainability of Company-wide operations.
waste plastic containers and packaging collected from
ended March 31, 2009. homes. The company makes use of patented technology
Main Initiatives
called sandwich-type molding to incorporate the recycled

Green IT (IT Frontier Corporation, Infosec Corporation, Mitaka Data plastic in the pallets. Compared to alternate production
Center, etc.) methods whereby waste plastic is incinerated and pallets
greenhouse gases by helping to develop new technologies
The Importance of Addressing and frameworks relating to the efciency or conversion of
Bio-pellets (Forest Energy Hita Co., Ltd., Forest Energy Kadogawa
are made from new
Co., Ltd., etc.)
Environmental Concerns Through Business energy and mineral resources. Within our own commercial
Solar photovoltaic, concentrated solar power, wind power generation
materials, this is
MC develops business with customers around the world business operations, we are striving to improve the energy businesses expected to reduce
and nearly 600 consolidated subsidiaries in a wide range of efciency of our ofces and logistics operations. Conscious
Bioethanol and biodiesel (Hokkaido Bioethanol Co., Ltd., etc.) CO 2 emissions by 27
Development, manufacture and sales of lithium-ion batteries (Lithium

industries under a framework that consists of six business
groupsIndustrial Finance, Logistics & Development
Group, Energy Business Group, Metals Group, Machinery
Group, Chemicals Group and Living Essentials Group
and the newly established Corporate Development Section.
As we engage in business development, we recognize that
addressing environmental concerns is an important issue for
contributing to the continuous development of society. These
concerns include addressing climate change; the sustainable
use of resources; and the preservation of biodiversity.
Increasing MCs Value to the Environment
In terms of specic actions, we are working to reduce
of the vital importance of natural biodiversity, we are also
making a contribution through our support for various
environmental conservation programs.
In addition to timely and appropriate disclosure of
corporate information relating to the global environment, we
try to reect various stakeholder opinions in our business
activities. Naturally, we are committed to observing all
relevant environmental laws and regulations, but we also
aim to go beyond mere compliance with the rules by actively
promoting the adoption of industry-wide best practices
and internationally recognized standards that apply to our
worldwide operations. Through these kinds of measures, we
aim to increase MCs value to the environment over time.
Energy Japan)
Emissions credit business
Sewage and water services business (Manila Water Company, Inc.,
Japan Water Corporation)
Biomass-fueled power generation using food waste (Bioenergy Corp.)
Manufacturing of shipping pallets made from waste plastic (M M
Plastic Co., Ltd.)
GHG Emissions Credit Trading
Climate Change
on a Global Scale
Being an early advocate of and entrant to emissions credit
trading has enabled MC to develop the infrastructure
required to become a leader in this business. We have
established the necessary internal systems to become a one-
stop shop for our customers, providing the services needed
for each stage of GHG emissions reduction projects. These
services range from feasibility research and consultancy
to the administrative work involved in securing permits, as
well as nance, plant construction, monitoring and the sale
of emissions credits. As of July 2009, roughly 30 projects
in which we are involved in have been registered with the
United Nations, with approval of around 50 additional
projects pending. We have also helped to secure Japanese
government approvals for around 30 projects, with more
than 40 other projects under consideration. Altogether, MC
has been involved in developing over 100 emissions trading
projects making us the third-largest developer of such
projects in the world.
kilograms per 20-kg
pallet. The recycling
of plastic in this way
is contributing to a
recycling-oriented
Pallets made by M M Plastic
society.
New Energy Initiatives Climate Change
In March 2009, MC acquired a stake in a solar photovoltaic
project developed by Spain-based ACCIONA S.A., one of
the worlds largest renewable energy companies. The rst
project with ACCIONA S.A. is a 45.8 megawatt power station
project in Moura, Portugal, that will have the worlds largest
solar photovoltaic generation capacity.
Meanwhile, a Sapporo-based investment of MCs named
Hokkaido Bioethanol Co., Ltd. is producing bioethanol using
sub-standard wheat and surplus sugar beet as feedstock.
The company commenced production in March 2009.
Other business investments by MC include Forest Energy
Hita Co., Ltd. in Oita Prefecture and Forest Energy Kadogawa
Co., Ltd. in Miyazaki Prefecture, which manufacture wood
bio-pellets that are made from residual scrap bark and
generally sold as an alternative fuel to coal.

Comment by Representative of
MCs Emissions Credit Trading Business

To date, rather than limiting our involvement to simple trading of

emissions credits, we have studied the possibilities on the ground
to build up knowledge and expertise in actual GHG reduction
Stakeholder Engagement activities. Going forward, based on increased cooperation with
other business departments within MC, we plan to apply the
know-how we have developed in emissions credit trading across The solar photovoltaic project in Moura, Portugal
various industries. In doing so we can increase the value of MCs
Environmental Laws and Regulations core business activities and make a valuable contribution to the
global environment at the same time.
Hideaki Ogata
Emissions Reduction Business Unit
Environmental & Water Business Development Division

18 Feature 2 Mitsubishi Corporation Sustainability Report 2009 19

 Feature 2 MCs Ongoing Sustainability Initiatives
Industrial Finance,
Logistics & Development Group
The Industrial Finance, Logistics & Development Group is
developing a wide range of industrial nance businesses.
These include merchant banking and M&A businesses such
as asset management and buyout investment; asset nance
and business development businesses such as leasing
businesses and real estate funds; and businesses in other
elds including real estate development, ownership and
management, and logistics services and insurance.
Main Initiatives
Carbon offset leases with emission credits (Mitsubishi UFJ Lease &
Finance Company Limited, Mitsubishi Auto Leasing Corporation)
Leasing of facilities that run on renewable energy (Mitsubishi UFJ
Lease & Finance Company Limited)
ESCO business (Japan Facility Solutions, Inc., Mitsubishi UFJ Lease
& Finance Company Limited, Shodensya Co., Ltd.)
Facility conversion
Sales of light and stackable K2 pallets for greater environmental
performance and load efciency (Mitsubishi Corporation LT, Inc.)
Returnable racks and pallets (Mitsubishi Corporation LT, Inc.)
Reuse and recycling of computers and other ofce equipment
(Mitsubishi UFJ Lease & Finance Company Limited)
Fitting of diesel engines compliant with exhaust gas regulations
(Mitsubishi Ore Transport Co., Ltd.)
Promoting Energy Efciency at Ofces,
Hospitals and Other Facilities Climate Change
Tokyo-based Japan Facility Solutions, Inc., one of MCs
business investments, is developing an ESCO (Energy
Service Company) business that helps customers to cut
CO 2 emissions and reduce energy costs. Ofce buildings,
hospitals, commercial facilities and factories are able to
realize signicant energy savings by introducing highly
efcient equipment or by upgrading and controlling the
energy efciency of existing infrastructure. The company
has been involved in developing
energy-saving solutions for
around 80 clients across Japan,
including Tokyo Metropolitan
Hiroo Hospital, Tokyo
Metropolitan Bokutoh Hospital
and Chofu City Hall.
MCs energy service business for Tokyo
Metropolitan Hiroo Hospital received the
top Gold Award for the 4th Excellent
ESCO Business Award.
Machinery Group
The Machinery Group trades machinery in a broad range
of elds, in which it also develops businesses and invests.
These elds extend from large plants for producing
essential industrial materials, such as electricity, natural
gas, petroleum, chemicals and steel, to equipment and
machinery for transportation and distribution industries,
including ships, trains and automobiles. It is also active
in the aerospace and defense industries, and in general
industrial equipment and machinery, including construction
machinery, machine tools, and agricultural machinery.
20 Feature 2
Energy Business Group
The Energy Business Group, in addition to developing and
investing in oil and gas projects, conducts trading activities
in areas such as crude oil, petroleum products, liqueed
petroleum gas (LPG), liqueed natural gas (LNG), and
carbon materials and products.
Main Initiatives
Biomass fuels
Manufacture of ferro-alloys with recovered rare metals, employing
used catalysts from petroleum reneries as the main feedstock (Metal
Technology Co., Ltd.)
Promotion of energy-saving equipment, sales of LNG, research
and development of fuel cells and hydrogen applications (Astomos
Energy Corporation)
Photovoltaic demonstration projects in Brunei
Solar Photovoltaic Power Generation
Demonstration Project in Brunei
Climate Change
Brunei has been a source of stable energy supplies for
Japan ever since MC took part in a natural gas liquefaction
project in the country in 1972. In August 2008, in a move
aimed at supporting Bruneis aspirations to diversify its
energy sources through renewable energies, MC signed
a memorandum of understanding with the government
of Brunei to fund a solar photovoltaic power generation
demonstration project.
The project involves the installation of 1.2 megawatt of
solar photovoltaic power generation capacity, the largest
power output of any such project in Southeast Asia. Over a
three-year operational testing period, we will work with the
government of Brunei on related research and evaluation of
the technology. The resulting data
and know-how are expected to play
a valuable role in promoting the
uptake and commercialization of this
technology, including the training of
local personnel. Work on the project
is now underway with a target start Solar photovoltaic power
generation demonstration project
date for operations in 2010. (artists impression)
Main Initiatives
participating in a project in Australia to develop coal-red
Clean coal technology (Integrated gasication combined cycle (IGCC)
power generation, carbon capture and storage (CCS))
Wood biomass-fueled power business (Gonoike Bioenergy
Corporation)
Bioethanol (Hokkaido Bioethanol Co., Ltd.)
Wind power fund (Green Power Investment Corporation)
NaS batteries (Long-life, large capacity batteries made from sodium
and sulfur)
Development of vehicle management system connected with
the promotion of driving in an eco-conscious manner (Jicoux
Datasystems, Inc.)
Business to promote the uptake of electric vehicles (Mitsubishi
Motors Corporation (i-MiEV))
Support for energy conservation at steel mills
Railway business
Handling of seawater desalination plants
Handling of wastewater treatment, ue gas desulfurization and
denitrication systems
Metals Group
The Metals Group trades, develops businesses and invests
in a range of elds. These include steel products such as
steel sheets and thick plates, steel raw materials such as
coking coal and iron ore, and non-ferrous raw materials
and products such as copper and aluminum.
Main Initiatives
Supply of coal to Clean Coal Power R&D Co., Ltd., whose
shareholders are made up of 10 Japanese power utilities
Aluminum recycling business (Nikkei MC Aluminum Co., Ltd.)
Platinum group metals (PGM) recycling
Handling of metal scrap (Metal One Corporation, etc.)
Recycling and processing of used metal, automobiles and home
appliances (Metal One Corporation)
Restoring the natural environment at post-mining sites (Mitsubishi
Development Pty Ltd, etc.)
Environmental Restoration at Sites of High-
Grade Coking Coal Extraction Biodiversity
MC owns a 50% equity interest in the BHP Billiton Mitsubishi
1
Alliance (BMA) through Mitsubishi Development Pty Ltd
(MDP), an MC subsidiary that is based in Sydney, Australia.
BMA produces 50 million tons per year of high-grade coking
2
coal . The open-cut mining method used to obtain this
coal involves removing the surface materials prior to coal
extraction, storing them in a separate location, and then
lling in the site again once excavation is complete. The nal
stage is rehabilitation, which involves fully restoring the site
to its original condition by replanting the native trees and
vegetation that were removed from the site. After restoration,
the site is monitored regularly to check that trees, plants
and shrubs have started to grow and that local wildlife has
returned. Coal mining also requires the development of strict
water controls to preserve local water quality along with
the highest operating standards to ensure worker safety. In
addition, BMA actively contributes to local communities at
these sites by nancing infrastructure, protecting cultural
Participation in CCS-Equipped Power Plant
Construction in Australia Climate Change
MC and Mitsubishi Heavy Industries, Ltd. (MHI) are jointly
power generation based on clean coal technology. The
Australian rm ZeroGen Pty. Ltd. has commissioned MC
and MHI to undertake a feasibility study for an integrated
gasication combined cycle (IGCC) power plant incorporating
carbon capture and storage (CCS) technology. This kind of
power plant would combine high generating efciency with
a vastly reduced carbon footprint compared with the CO 2
emissions from conventional
coal-red power generators. The
project aims to have the facility
operational by 2015, making it the
worlds rst CCS-equipped IGCC
power generation facility on a
commercial scale.
Press conference in Tokyo on June 22, 2009
assets and making nancial endowments and donations to
3
local universities, among other activities. HSEC initiatives
remain a key priority for MCs management and we plan to
continue being actively engaged in environmental, social and
health and safety related initiatives.
Monitoring of a restoration site
after rehabilitation
1: BMA is a 50:50 coal-mining joint venture between MDP and BHP Billiton.
2: During steel production, coking coal is put into a blast furnace along with iron ore. The
coal forms cokes, which act as a reducing agent.
3: Health, Safety, Environment and Community
Comment by Environment/CSR Representative
(Metals Group)
In addition to procuring existing steel raw
materials and non-ferrous metal resources, we
are also working to procure stable supplies of
metals that are poorly or unevenly distributed,
including rare metals, rare earths and uranium.
We remain actively committed to promoting
environmental and CSR-related initiatives at MC
subsidiaries and afliates from the perspective
of protecting the environment and ensuring the
sustainable use of resources.
Hideyuki Kanda
Investment Administration Unit
Metals Group CEO Ofce
Campaign to Promote Adoption of
Electric Vehicles Climate Change
MC is one of the partners that have invested in Lithium
Energy Japan, a joint venture to develop and manufacture
lithium-ion batteries. These batteries are being tted to the
i-MiEV next-generation electric vehicle (EV), which was
developed by Mitsubishi Motors Corporation and launched
in Japan in July 2009.
In collaboration with local governments, suppliers and
business partners across Japan, we are also actively
promoting the development of battery recharging
infrastructure, which is essential for widespread EV adoption
and use. Overseas, we are promoting EV adoption as a
valuable part of pro-environment
government policies. Lobbying
efforts are focused on persuading
EU, national and local governments
to expand and upgrade frameworks
for subsidizing EVs.
Mitsubishi Corporation Sustainability Report 2009 21
 Feature 2 MCs Ongoing Sustainability Initiatives

Chemicals Group Living Essentials Group Corporate Initiatives

The Chemicals Group trades and invests in the commodity
chemicals and functional chemicals elds. Commodity
chemicals include petrochemicals, olens and aromatics,
methanol, ammonia, chlor-alkali, fertilizer and inorganic
The Living Essentials Group focuses its activities in the At a corporate level, MC is actively engaged in environmental
elds of clothing, food and home-oriented living, as well management system initiatives such as eco-friendly ofce
Tropical Forest Regeneration
as healthcare and media businesses. Throughout the building-related activities, as well as ongoing corporate Experimental Project
Biodiversity
entire supply chain, from material procurement to the philanthropy programs around the world. These cross- (Malaysia, Brazil, Kenya)

chemicals. Functional chemicals include plastics, functional consumer market, we trade in products including foods, functional activities are led by the Corporate Staff Section Tropical forests are home to some of the worlds greatest
materials, electronic materials, food ingredients, and ne clothing, paper, packaging materials, cement, construction and not only benet the environment and society, but also biodiversity, and their destruction is a serious environmental
chemicals. materials, and medical equipment as well as provide help reduce operating cost and raise employee awareness. issue. Since 1990, we have sponsored projects that aim to
various related services. use intensive, mixed planting
Main Initiatives
Main Initiatives Installation of Solar Power Panels at of native tree species to try
CO 2 polymer Corporate Headquarters Climate Change
Electron donor compounds (EDC), soil and groundwater improver
to regenerate tropical forest
Switch to CFC substitutes and natural refrigerants (Toyo Reizo Co., Ltd.)
Handling of biodegradable plastics
Overseas afforestation business We have installed solar panels made by Mitsubishi Electric ecosystems within 4050 years

Catalysts for environmental protection use
Cooperation selling fuel-efcient tires in Japan Corporation on the roof of our corporate headquarters (the natural process is believed

Water treatment membranes for producing pure water, desalinating
Wastewater treatment system (Hollow bre membranes) building in Tokyo (Mitsubishi Shoji Building). These solar to take 300500 years). Projects
seawater, recycling water, etc. Reduction of plastic bags, simple packaging, and reuse and recycling
are currently underway in
panels began generating power in December 2008 with a
Raw materials for environmentally friendly coatings (Mitsubishi Shoji of trays and cups (LAWSON, INC., Life Corporation, Kentucky Fried
Chemical Corporation) Chicken Japan Ltd.) supply capacity of about 10,000 kWh per year. This marked Malaysia, Brazil and Kenya.
Photovoltaic power generation-related materials (Mitsubishi Shoji Food and food waste recycling (LAWSON, INC., Kentucky Fried our rst installation of solar photovoltaic power facilities on
Plastics Corporation) Chicken Japan Ltd., Toyo Reizo Co., Ltd. Yonekyu Corporation, San- MC property. In addition, we have installed a solar power Global Coral Reef
Plastics recycling system (Mitsubishi Shoji Plastics Corporation) Esu Inc.)
Handling of eco-friendly products such as heat-insulating coatings,
generation system in the Marunouchi Park Building, which Conservation Project
Reuse and donation of nursing care equipment (Nippon Care Supply (Okinawa, Midway Atoll, Seychelles) Biodiversity
energy-saving ofce equipment, etc. (MC Yamasan Polymers Co., opened in May 2009.
Co., Ltd.)
Collection of used uniforms, creation of recycling infrastructure
Ltd.)
Pilot business for turning used cotton products into ethanol This collaborative project between industry, academia

Sustainable forestry management in pulp operations (Alpac Forest and concerned individuals is engaged in surveying and
Development of Carbon Dioxide-Based Products Inc.) researching coral reefs from a number of different angles.

Plastic Climate Change Participation in ISSF (International Seafood Sustainability This is all being done in an effort to uncover the causes of
Foundation), a global partnership among tuna processors, scientists,
Since 2007, MC has been developing a plastic that derives and environmental NGOs that supports scientic research relating to
recent coral reef decline and to eventually nd and spread
50% of its raw materials from CO 2in partnership with a marine resource sustainability) (Princes Ltd.) scientically proven ways to preserve them. Research
consortium of industrial and academic partners that includes

Marine resource management (Atlantic bluen tuna, etc.) programs are underway in Okinawa, the Midway Atoll

Trading of Rainforest Alliance-certied coffee National Wildlife Refuge in the U.S., and the Republic of the
Teijin Ltd., Sumitomo Seika Chemicals Co., Ltd., Sumitomo
Maintenance of FSC (Forest Stewardship Council) forestry Visitors to MCs head ofce can check how much
Chemical Co., Ltd. and The University of Tokyo. Compared certication power the rooftop solar panels are generating Seychelles. In the scal year ended
with conventional oil-derived plastics, this product reduces from a monitor in the lobby. March 31, 2009, MC was given an
4 honorary award by the Japanese
CO 2 emissions by around 30% based on LCA data. The
product, which could be commercialized as early as the year Position on Atlantic Bluen government in recognition of its
ending March 31, 2013, is expected to have a wide range Tuna Stocks Biodiversity longstanding nancial support for
coral reef research in Okinawa.
of applications, such as in materials for solar cell panels. In response to the growing concern surrounding the Award Gained for Waste Disposal Resources
MCs role in the project is to develop sales channels for the overshing of Bluen Tuna in the Mediterranean, Mitsubishi Initiative
product. Corporation is pursuing a number of new actions and In February 2009, Tokyos Chiyoda Ward conferred an award Mitsubishi Corporation Thousand Year Forest
4: Life Cycle Assessment (LCA) is a quantitative technique for measuring resource Biodiversity
commitments in relation to the sustainability of this important for waste disposal on MCs head ofce building (Mitsubishi (Kochi Prefecture)
consumption and emissions at each life cycle stage from manufacture, transportation Shoji Building). A total of 86 buildings in the local area were
and sale to usage, disposal and re-use. It is used to evaluate the environmental impact
species. These
statement can be policy
and sourcing seen inavailable
our publicly released
on our .
position
website In February 2009, MC began a forest development business
5
of products and services. We are committed to working with all stakeholders in candidates for the prize, which was awarded based on the based on a forest preservation partnership agreement with
Cooperation With Japan Challenge Program this industry in order to contribute to the responsible and volume of overall waste reduction. All of the tenants in the Aki City, Kochi Prefecture and a local forestry association
to Compile Chemical Safety Data Stakeholders sustainable use of this resource. building, including MC, were involved in a project to achieve in Aki City, the birthplace of Mitsubishi founder Yataro
5: Please go to the following website to download the Bluen Tuna Position Statement a 100% recycling
Recycle). rate based on
Going forward, plantheto3Rs (Reduce,
continue Reuse and
promoting 3R Iwasaki. This development came after MC joined a program
Established in 2005, the Japan Challenge Program is a (www.mitsubishicorp.com/jp/en/csr/vision/pdf/position_statement.pdf)
joint initiative between Japanese industry and Japanese and Atlantic Bluen Tuna Sourcing Policy activities as part of raisingwe
environmental awareness among established by Kochi Prefecture to promote collaborative
(www.mitsubishicorp.com/jp/en/csr/vision/pdf/sourcing_policy.pdf) employees.
governmental agencies (the Ministry of Health, Labour and forest restoration with environmentally progressive
Welfare, the Ministry of Economy, Trade and Industry, and companies. MC will take forest land in Aki City into its care,
Comment by Environment/CSR Representative
the Ministry of the Environment) to collect and disseminate (Living Essentials Group) as a company-owned forest, with the aim of contributing
safety information on commercially available chemicals. to the protection of the regional environment. In addition, a
MC, which imports a variety of chemicals into Japan, has As part of the Groups EMS 6 activities for the 212-hectare expanse of forest, which includes some Aki City-
year ended March 31, 2009, each of our four
actively sponsored and participated in the program from divisions conducted environmental reviews 7 on owned lands, has been named
its inception. MC has formed a consortium with other two subjects each. Based on the concept that the the Mitsubishi Corporation
companies to compile related data. To date, these efforts Groups business activities should make a positive Thousand Year Forest. MC
contribution to the environment, we aim to have
have generated Safety Information Reports on four intends to utilize the forest, which
as many employees as possible gain experience
chemicals (sorbitol, xylose, maltitol and oxalic acid (dihydrate from these reviews so that we can further raise is also known as Yataros Forest,
internal awareness of environmental issues. Waste from the building was sorted into
form)) that have been submitted to the government. eight categories and weighed in the
as a place for environmental
Takashi Kitamura
The Japanese government will disseminate these data Manager (Internal Control)
presence of the building-designated education of local residents and The 212 ha (roughly one square mile)
Living Essentials Group CEO Ofce supervisor and waste disposal forest boasts rich diversity; in addition
on chemical safety to the public to provide important company operatives prior to collection. MC employees, in addition to to cedar and beech, it is also home to
information for the benet of society. 6: Environmental Management System (Refer to page 32) conducting forest management species such as mizunara oak.
7: Refer to pages 32 and 33 for information concerning MCs environmental reviews.
and maintenance initiatives.

22 Feature 2 Mitsubishi Corporation Sustainability Report 2009 23

 MCs Social Contribution Activities
Global Public
Environment Welfare
MC is determined to grow together with local and international communities in order
Basic Policy of Social
to contribute to building truly prosperous, sustainable societies around the world. Contributions
(Established in 1991)
With this in mind, we are engaged in a diverse range of ongoing social contribution Tropical Forest Regeneration Experimental Project Global Coral Reef Conservation Project (Midway Atoll)
We engage in a wide range Urawa Reds Heart-full Soccer (Malaysia)
International of activities that contribute to Education
projects and actively support the voluntary participation of our employees. the well-being of communities
around the world based
on an awareness of our
responsibility to be a good Visiting the National
corporate citizen. Museum of Nature and
Science
Culture
and Arts

Basic Stance and Measures to Promote
Employee Participation
MCs social contribution activities, mainly in the elds of
the global environment, public welfare, education, culture
and the arts and international exchange, prioritize continual
programs and voluntary efforts by employees worldwide.
MC is implementing various initiatives to promote
employee participation in volunteer programs, as we think
it is important for every member of staff to be fully aware of
the importance of giving back to society. For example, MC
has a system whereby employees can take up to 5 days of
volunteer leave per annum and we regularly run in-house
programs during lunch breaks or other convenient time slots
to facilitate employee participation.
MC makes donations to public welfare, educational and
environmental NPOs or foundations based on a system
of virtual tokens. Employees earn virtual tokens for
volunteering their time, with each token worth a corporate
donation of 500 yen. Tokens are not only awarded for
volunteer work designated by MC, but also for activities
undertaken independently by employees during their private
time away from work.
Token System and Volunteer Stamps
In the scal year ended March 31, 2009, employees
accumulated a total of 6,221 tokens based on which MC
contributed 3,110,500 (Roughly US$31,000). Questionnaires
completed by employees when submitting their token
applications indicated a preference for donations to be made
in the elds of welfare and education. Accordingly, donations
were made to three organizations Shanti Volunteer
Association, Group Moko Moko, and Tokyo Voluntary Action
Center.
When MC employees participate in volunteer programs
organized by the Company, they are presented with
volunteer stamps. In the scal year ended March 31, 2009,
MC donated 80 mobile library book boxes to an agricultural
community in Laos. To recognize their efforts, each of the
boxes was inscribed with the names of four MC volunteers
who had collected 5 or more stamps.
Ongoing Social Contributions Driven by
Employee Efforts
At its Head Ofce, MC runs daily volunteer programs that
employees can participate in during their lunch breaks or
short periods of time after ofce hours. The programs include
adapting picture books for children in Cambodia and Laos by
afxing local language translations, making soft toys to aid in
the development of children with disabilities; collecting used
stamps; or making e-tegami picture postcards for the elderly.
MC also holds a Christmas Charity Bazaar and donates the
proceeds to NPOs and other charitable foundations.
MC and MC Group employee volunteers also actively
the
participate in social contribution programs run outside
ofce. MC organizes a wide range of activities, including
our Friendship Camp for Mothers and Children, the Tropical
Forest Regeneration Experimental Project, and the Global
Coral Reef Conservation Project. In another program, we
help give people with disabilities the opportunity to view
museum and art gallery exhibitions after hours; the support of
employee volunteers has enabled some 3,000 individuals to
visit galleries to date.
Employee volunteers are supporting other initiatives,
including collaboration on childrens soccer camps run by the
Japan-League football clubs FC Tokyo and Urawa Reds.
Friendship Camp
for Mothers and
Children
Social Contributions at Sites in Japan and
Overseas
In addition to activities at our Head Ofce, MC ofces
in Japan and overseas run their own social contribution
programs. Employees from Mitsubishi Corporation (UK)
Plc. participated in a clean-up campaign in August 2008
at Japanese gardens in central London. At Mitsubishi
International GmbH in Germany, employee volunteers and
their families participated in a beautication drive in March
2009, held in Dsseldorf where the companys headquarters
are located.
At MCs Hokuriku Branch, employee volunteers
participated in a clean-up campaign run by the Toyama
Mitsubishi Association, which comprises all the Mitsubishi
Group companies in Toyama Prefecture. The Tohoku Branch
held the 13th Vegalta Sendai soccer school this year, inviting
children from childcare institutions to participate.

Total Accumulated Tokens

Tokens

7,000 6,221
6,000

5,000

4,000 Clean-up campaign at a Japanese garden in Dsseldorf clean-up campaign Clean-up campaign at the public gardens Vegalta Sendai Soccer School
London (Mitsubishi Corporation (UK) Plc.) (Mitsubishi International GmbH) outside the Toyama Prefectural government (Tohoku Branch)
3,000
1,984 2,085 Picture books produced by ofces and around the Matsukawa-beri
2,000 A volunteer calendar is employee volunteers afxing walking path (Hokuriku Branch)
distributed to employees. stickers with local language
1,000 900
Employees afx a stamp onto translations are handed over
the calendar every time they
0
2005 06 07 08 Fiscal Year participate in a volunteer
to Cambodian children and
read in schools.
Mitsubishi Corporation Art Gate Program
program.

MC launched the Mitsubishi Corporation Art Gate Program

Donated mobile library boxes. The names of the employees
participating in the program are written on the front.
E-tegami picture
postcards given to the
elderly by employee
volunteers
Making picture books for children in Asia
(MCAGP) in 2008 to foster the development and help the careers
of talented young artists. Every three months, the MCAGP
purchases around 50 works of art chosen from submissions by
students from universities, graduate schools and art schools
who lack opportunities to show their work, and by artists who
have been out of university for less than 3 years. MC pays
100,000 (Roughly US$1,000) per piece and after displaying
the works inside and outside the company, sells them through
charity auctions. All of the auction proceeds are used to fund
scholarships for artists, thereby fostering the development and
helping the careers of young artists. MCAGP Auction
Please go to MCs website for more details on MCs social contribution activities.

24 MCs Social Contribution Activities Mitsubishi Corporation Sustainability Report 2009 25

 CSR & Environmental Affairs Advisory Committee
MCs CSR & Environmental Affairs Advisory Committee is made up of eight external experts.
In the scal year ended March 31, 2009, the committee met in November 2008 and March 2009, and
provided a broad range of advice on subjects such as the MC Groups CSR and environmental affairs
and social contribution activities.
Members of the CSR & Environmental Affairs Advisory Committee
Eiichiro Adachi Hiroshi Kito
Research Chief, The Japan
Research Institute, Ltd.
Professor of Economic History and
Historical Demography,
Sophia University
Keiko Katsu
Freelance Newscaster
Main Opinions and Suggestions to Date
CSR & Environmental Activities in the Current
Economic Climate
The recent economic crisis has exposed the failures of
short-term prot seeking and surely serves to underline
the importance of paying due consideration to CSR for the
benet of long-term business development. The current
economic climate is also a good opportunity for MC to
differentiate itself from other rms by actively adopting a
CSR-based approach.
Financial instability has now started impacting at the
household level, and we are witnessing increasing public
concern regarding economic insecurity and poorer
employment prospects. People expect companies such
as MC to take a global view and remain focused on social
contribution activities, while at the same time providing
practical support to alleviate underlying social concerns.
Although some might initially feel that tough economic times
mean less attention on CSR, the consensus in the EU is that
tough times are exactly when rms need to be reviewing
their operations and undertaking CSR-related initiatives.
From a global perspective, in an increasingly multi-polar
world, MC should also be involved in businesses that help
benet the poorer inhabitants of the worlds developing
nations.
26 CSR & Environmental Affairs Advisory Committee
Takejiro Sueyoshi Yasushi Hibi
Special Advisor to the UNEP Finance
Initiatives in the Asia Pacic Region
Director of Japan Program,
Conservation International
Mizue Unno Peter D. Pedersen James E. Brumm
Managing Director, Executive Advisor,
So-Tech Consulting, Inc.
Chief Executive, E-Square
Mitsubishi International Corporation
General Comments on CSR-Related
Activities
Tapping into the capabilities of partners such as NGOs
is a highly effective strategy for companies in their
environmental and CSR-related activities. One option
might be to focus on specic communities or themes and
then work on cultivating strong relationships with the most
relevant NGOs in those particular areas.
For many Japanese companies, the issue of human
rights means putting the rights of employees rst. Global
enterprises such as MC should look to give appropriate
consideration to the rights of communities globally,
particularly within the developing world in relation to decent
living standards.
In the past, CSR was mainly regarded as a voluntary
responsibility for companies. Recently, however, there
is an increasing view that a combination of regulation
and voluntary action is essential. While many Japanese
companies tend to be opposed to increased regulation,
there are many rms in the West that operate on the
idea that new rules inevitably generate fresh business
opportunities. Companies need to pay close attention to
these rules individually so as to adopt a clear regulatory
response and policy stance.
On the Environment On Social Contribution Activities
MC should adopt a global perspective, acknowledging and There is great merit to MCs project which focuses on making
supporting the so-called Green New Deal in Japan as well . This
educational materials for elementary schoolchildren 1
as the Global Green New Deal that the United Nations has initiative could be broadened to include materials aimed
advocated. at children of middle or high school age in order to explain
environmental terms or raise global awareness through the
There are two approaches to dealing with global warming. use of language that is easily understood.
The rst is to adopt measures that try to mitigate impact by
reducing CO2 emissions, and the second is to try and adapt MC could engage in ongoing social contribution activities
to the inevitable changes that we will face in the future. With that seek out areas where MCs areas of business intersect
many examples of progressive action in todays world, MC with issues in our society.
needs to adopt the environment as a business theme.
1: MC has published a supplementary school text aimed at elementary school
children in Grade 5 and 6 entitled Industry and Trade Linking the World.
It is important for all businesses, including individual Using the medium of manga, it illustrates the role of Japan in international
society through the activities of general trading companies. Further details
ventures to study in advance what sort of environmental can be found on our website.
value their business can generate. URL: http://www.mitsubishicorp.com/jp/en/csr/report/society.html
Response to Opinions and Suggestions
Incorporating the CSR & Environmental Aairs
Advisory Committees Discussions Into Future
Yukio Ueno (Chairperson)
Senior Executive Vice President,
CSR and Environmental Affairs
Business Plans
For a long time at MC, we have recognized that taking also be discussing with the members of the CSR &
the initiative on environmental and CSR-related matters Environmental Aairs Advisory Committee how we
is an important management issue and have worked should incorporate these key aspects into our future
to consistently upgrade our involvement in this eld. business plans in practical terms.
In that context, the CSR & Environmental Aairs
Advisory Committee has an extremely valuable role to Yukio Ueno
play. Supplementing our internal discussions on related
Senior Executive Vice President,
activities, with the opinions and advice provided by
CSR and Environmental Affairs
outside experts is a critical part of how we develop MCs
global business going forward and maintain active
stakeholder dialogue.
From the committee meetings to date, we have
received a wide range of comments from all members,
along with some stimulating suggestions and
inspirational ideas. Te discussion has impressed on me
that, as well as protability, environmental and CSR
aspects are critical in evaluating the success of a business.
Another notion that I now see as extremely important
is the idea that raising environmental and CSR-related
sensitivity and awareness across the company is key to
creating businesses that will generate superior value on a
sustained basis.
Going forward, we plan to create a forum for
discussion involving MC employees who are directly
involved with environmental and CSR-related issues on
the business frontline. We would then hope to be better
positioned to study and implement relevant initiatives
within MCs core business activities.
During the year ending March 31, 2010, I will
Mitsubishi Corporation Sustainability Report 2009 27
 MCs CSR & Environmental Performance

MCs CSR & Environmental

CSR & Environmental Management System
Performance CSR & Environmental Framework
As a corporate entity, MC strives to improve its corporate
value through its core business activities; however, it is equally On April 1, 2008, MC established the CSR & Environmental promote the development of the MC Groups business activities
Affairs Committee which reports directly to the Executive worldwide (see pages 26~27 for more details).
important that it also play a role in addressing the many problems
Committee. Two sub-committees were also created: the At the beginning of the scal year ending March 31,
that beset todays world, whether they involve environmental Environmental Policy Committee and the Social Contributions 2010, MC combined the Environmental Policy Committee
issues or social issues such as human rights and labor conditions. Committee. Additionally MC has appointed a Senior Executive and the Social Contributions Committee to form the CSR
Vice President in charge of CSR & Environmental Affairs with & Environmental Affairs Review Committee, putting in
In this section, we provide a brief introduction to MCs CSR responsibility for supervising activities relating to environmental place a framework for more effectively considering specic
and Environmental management system and explain what we are policies and philanthropic activities. The CSR & Environmental programs and related strategies. This reorganization was
doing to achieve concrete results as well as the progress that we Affairs Advisory Committee, which is composed of outside implemented in response to the growing inter-relationship
experts, provides advice and recommendations regarding between environmental and social contribution activities
have made so far.
the MC Groups CSR and environmental activities. MC greatly against a backdrop of increasing demands on corporations to
values the objective opinions of external specialists in helping to incorporate such activities into their core business operations.
CONTENTS
CSR & Environmental Management System Third-Party Certication by PricewaterhouseCoopers Executive Committee
29
Aarata Sustainability Certication Co., Ltd.
CSR & Environmental Framework CSR & Environmental Affairs Committee CSR & Environmental Affairs Advisory Committee
MC has obtained third-party certication for environmental
Corporate Governance and Internal Control System performance data, including electricity usage, paper consumption, Discussions and review of proposals to MCs Executive Committee Consultative body comprised of external experts that advise on MC
relating to environmental and CSR policies. Groups CSR and environmental activities
waste volume, and CO2 emissions, and environmental accounting from
Compliance Framework
PricewaterhouseCoopers Aarata Sustainability Certication Co., Ltd.
Relationships with MCs since the scal year ended March 31, 2009. Please refer to page 35 for CSR & Environmental Affairs Review Committee
environmental performance data and to page 39 for the certication
Business Investment Partners 30 Discussions and review of basic environmental and CSR policies, risk
report. management and other issues; review of current scal years social
contributions and decisions on contributions for next scal year.
CSR & Environmental Considerations
in MCs Investments
Results of Environmental Management Survey of
Business Investment Partners Corporate Governance and Internal Control System
Environmental Management 32 World Business Council for Sustainable
Development (WBCSD)
Features of MCs Environmental Management and MCs corporate philosophy is enshrined in the Three Corporate MC is continuously looking for ways to improve on its
Promotion System Established in 1995, the WBCSD is an international association Principlescorporate responsibility to society, integrity and internal control systems in order to ensure that business
comprised of around 200 corporations that promotes business and activities are conducted properly and in conformity with laws
fairness, and international understanding through trade. Guided
Environmental Impact Assessments and Methods sustainable development. MC has been a member of WBCSD since
by this philosophy, we are strengthening our management and the Articles of Incorporation. These areas include efcient
1991, when it was known as the Business Council for Sustainable
Environmental Reviews Development. system with the aim of achieving growth that is sustainable over business execution; compliance; risk management; nancial
Environmental Policy Initiatives the long-term. Actions include appointing outside directors, reporting; management and storage information; ensuring
introducing the executive ofcer system and setting up advisory proper operation in group management; internal auditing and
Ofce-Based Environmental Impact committees to the Board of Directors. monitoring; and our corporate auditors.
Reduction Initiatives
Environmental Reviews in Product Trading Activities General Meeting of Shareholders
Appointment/
Appointment/Dismissal Appointment/Dismissal
Environmental Reviews in Business Socially Responsible Investment (SRI) Indices Determination of Remuneration Parameters Determination of Remuneration Parameters
Dismissal
Investment Activities Request
Corporate Auditors
In addition to traditional investments based on nancial analysis, Board of Directors Independent Auditors
Reviews Relating to Environmental Advice Audit and Report (Board of Corporate Auditors) Report
recent years have seen an increase in the number of SRI indices and
Governance Committee Appointment and Accounting
Policy Initiatives funds that value and select companies on the basis of their social
Oversight of
Submit Important Matters and Report Audit
Audit
contributions, environmental-performance, corporate ethics, and other International Advisory Committee Report on Execution of Operations
Executive Officers
MC-Wide CO2 Emissions-Reduction Program non-nancial factors. [Operational Organization] Cooperation with Corporate Auditors
MC has earned a solid reputation for its CSR initiatives and and Independent Auditors
Environmental Performance at MC President and CEO
transparency in the disclosure of information. Underscoring this is Internal Audit Dept.
Executive Committee
Environmental Accounting MCs inclusion in the following socially responsible investment (SRI) Main Internal Control-Related Committees
Social Performance 36 indices: FTSE4Good, an SRI index compiled by FTSE Group, a joint Management Meeting
Portfolio Management Committee Compliance Committee Disclosure Committee
Security Trade Control
Committee, etc.
venture between The Financial Times of the U.K. and the London Stock
Respect for Human Rights 36 Exchange; and the Morningstar Socially Responsible Investment Index
(MS-SRI) of Morningstar Japan K.K.
Relationships with Employees 36 (as of August 2009). Six Business Groups Corporate Staff Section Corporate Planning Div. Corporate Development Section
Divisions/BUs Establishment and Notification of
Internal Control-Related Systems and Strategies
Subsidiaries and Affiliates Domestic and Overseas Offices Overseas Subsidiaries

28 MCs CSR & Environmental Performance Mitsubishi Corporation Sustainability Report 2009 29
MCs CSR & Environmental Performance

Compliance Framework Results of Environmental Management Survey of Business Investment Partners

In September 2000, MC formulated its Code of Conduct and of compliance awareness among its staff. Through these Yes No
established the post of Compliance Ofcer. In March 2006, the activities, MC determined which business areas need more
Has your company obtained ISO 14001, Eco-Action 21 or other environmental
Code of Conduct was revised, and all ofcers and employees attention, conrmed that compliance-related activities are a Q1 16% 84%
management system certication?
of MC, the parent company, are now required to sign a fundamental part of its daily business activities, and gathered
written commitment of adherence to this Code every year. proposals for strengthening its compliance systems. We are Does your company have a management system that promotes companywide
Q2 35% 65%
environmental management?
This is part of ongoing efforts to upgrade and reinforce the strengthening our MC-wide compliance framework to ensure
compliance system. In the scal year ended March 31, 2009, that all employees of MC and its afliates possess a thorough Q3 Does your company run a regular environmental education program for employees? 23% 77%
MC carried out compliance risk analyses for each business understanding of compliance requirements. This remains a key Has your company had any environmental accidents or received any environment-
Q4 4% 96%
groups organizations at Head Ofce and assessed the level initiative to realize increased corporate value. related complaints?
Q5 Does your company currently have any problems with soil or groundwater pollution? 3% 97%
President and CEO Compliance Committee Q6 Is there a risk of soil or groundwater pollution resulting from your companys operations? 23% 77%
Appointment
Chairperson: Chief Compliance Officer Report
Group CEO, GM of Domestic Branch Chief Compliance Officer Implemented by Japans Ministry of Environment, this certicated registration system is based off of ISO14001 and aimed at small and medium-sized businesses.
Administration Office: Compliance Dept.
Chief Regional Officer Compliance Administration Office
Directive Report
Appointment
Proportion of MC Business Investment Partners Whose Environmental Performance Has Been Assessed
Compliance Officer Internal Whistleblower System
Group Compliance Officer Compliance Mail Box and Hotline (Administration Office) Energy and Resource Consumption Waste Production
% %
Domestic Branch Compliance Officer Internal Audit Dept. (Compliance Mail Box and Hotline) 100 100
Overseas Regional Compliance Officer Outside Legal Counsel (Compliance Mail Box and Hotline) 83%
80 80
Directive 70%
Report and Consultation 62%
60% 61%
Organization Heads (BU, Division, Department, Branch, etc.) 60 55% 60
Report and Consultation 54%
47%
Directive Report and Consultation 39%
40 40 37% 31%
Employees 25%
20 20

Relationships with 0 0
Electricity Gasoline Fuel Oil Kerosene Water Diesel Oil Gas Energy- General Industrial Recycled Waste-
reduction waste waste volume reduction
initiatives initiatives

MCs Business Investment Partners Global Consolidated CO 2

Emissions

(Unit: Tons of CO )2 1

CSR & Environmental Considerations in MCs Investments A third-party review of CO 2 emissions Fiscal 2007 Fiscal 2006
data has been conducted by Bureau 7,946
Domestic network 7,821
Veritas Japan to ensure the integrity of
Loan and investment proposals are examined by the Executive (JBIC) and International Finance Corporation (IFC) guidelines. The Overseas ofces
CO 2 emissions reporting. (overseas regional subsidiaries branches 5,150 5,150
Committee, which acts as the strategic decision-making body ofce has also formulated a CSR checklist for consideration before and overseas branch ofces)
(Review standard references: WBCSD GHG
for MC. Social and environmental risks are also examined as advancing loan and investment proposals. In addition to screening Protocol (2004) and ISO 14064 International
part of this process, with some proposals receiving further for environmental criteria, social criteria such as human rights and Standard for GHG Emissions Inventories and Domestic and overseas
Verications) consolidated subsidiaries 1,978,236 1,792,834
review from the Board of Directors when necessary. working conditions are also examined with careful consideration (incl. sub-subsidiaries) 2

Loan and investment decisions by the Executive Committee for each country or regions unique circumstances.
1: Scope 2 indirect emissions from electricity consumption
are based on advisory input from the Portfolio Management 2: Consolidated business investees in which MC holds a stake of more than 50%,
referenced from ISO 14064 (70% reply rate)
Committee, which in turn bases its advice on comments
submitted by specialized internal departments. The screening Screening Process for Loan and Investment Proposals
and review process is a comprehensive one, taking into
Board of Directors Participation in the Carbon Disclosure Project (CDP) and Third-Party
account not only economic but also global environmental and
Reviews of CO 2Emissions
social impact factors. The process is specically guided by the
following mechanisms: Submission of Comment(s) CO2 emissions reporting. We will continue working
Executive Committee
MC has been participating in the Carbon Disclosure
Project (CDP) since FY 2003, pursuant to which to optimize the methodology of our CO2 emissions
Inclusion of environmental and social impacts in loan reporting as we progress towards the low-carbon
Portfolio Management Committee we disclose our CO2 emissions and how we are
and investment proposals society of the future.
addressing climate change. Furthermore, since
Screening of environmental and social impacts by the Submission of Comment(s)
Proposal the scal year ended March 31, 2006, we have
CSR & Environmental Affairs Ofce Application CSR & Environmental Affairs Office
asked Bureau Veritas Japan Co., Ltd. to conduct a
CSR Checklist

Environment
(climate change, biodiversity, etc.)
third-party review of our CO2 emissions data. The
The CSR & Environmental Affairs Ofce uses the following purpose of this review is to ensure the integrity of
Community and Society
documents to guide its screening process: Guidelines for Corporate Group (indigenous people, cultural heritage, etc.)
Conrmation of Environmental and Social Considerations Corporate Development Section Human Rights and Labor
Business Groups (child labor, forced labor, etc.)
published by the Japan Bank for International Cooperation

30 MCs CSR & Environmental Performance Mitsubishi Corporation Sustainability Report 2009 31
MCs CSR & Environmental Performance
Environmental Management
Features of MCs Environmental
Management and Promotion System
MC is a hugely diverse organization, developing business
across the globe in a wide range of industries. We believe
that it is important to assess how our commodity trading
operations, global ofces and business investees impact the
environment. By doing so, we improve our ability to respond to
changes in the business environment that affect global social
and environmental issues such as human rights and climate
change. For this reason, each business group and domestic
corporate center (in charge of domestic branches and ofces)
has a senior manager in place who reports to the president
and is responsible for environmental and CSR activities. These
managers oversee the development of ISO 14001-compliant
environmental management systems across MC.
Environmental Impact
Assessments and Methods
At the Head Ofce, departments directly in charge of a type of
product or a business investment prepare annual environmental
impact assessments (EIAs) using itemized cards to identify
areas of environmental impact and quality-related effects. The
act of compiling an EIA reafrms the relationship between
business activities and the environment and helps to raise the
environmental awareness of employees.
In terms of MCs EIA methodology for products, MC
examines the environmental impact across the product
life cycle, from raw materials procurement to post-use
disposal. Assessments of business investments examine the
environmental impact in terms of the scope and details of
activities in business sectors and business models. These
assessments are conducted for both normal circumstances
and emergencies. In addition to the above points, EIAs also
comprehensively take into account factors such as MCs degree
of inuence on the product or business investment, the extent
of environmental risk and any relevant environmental laws
or regulations. Based on the ndings of these assessments,
the characteristics of each business group and the priority
or emphasis given to an area in environmental management,
environmental goals and targets are set and managed every
year for certain selected environmental aspects.
At domestic branches and ofces, assessments are
conducted of environmental impact in terms of business
activities and the overall operation of ofces.
Environmental Reviews
MC conducts environmental reviews using operational and
management techniques to examine aspects of environmental
management where MC has indirect inuence. These reviews
32 MCs CSR & Environmental Performance
involve surveys of how environmental and social impacts
are being handled, interviews and site visits to assess the
status of environmental management at product suppliers,
subcontractors and business investees as well as emergency
responses. The results of these environmental reviews are
used to provide product suppliers, contractors and business
investees with suggestions and requests to make further
improvements in environmental performance, with the goal of
reducing the environmental impact of all parties.
In the scal year ended March 31, 2009, Head Ofce
groups conducted both environmental reviews of commodity
trading operations and business investees. Besides providing
suggestions and requests to reduce environmental impact of
reviewed parties, MC also used the reviews as the basis for
developing numerical performance targets with suppliers and
business investees as part of specic business development
plans. Environmental reviews have proven to be a highly
effective tool for developing environmental management
systems (EMS) that encompass MCs supply chain.
Environmental Policy Initiatives
In addition to trying to reduce environmental impact indirectly
through the environmental review process, as a matter of policy,
MC is also involved in various initiatives that set and manage
direct environmental performance targets and objectives. These
are organized under a number of policy themes, including
the promotion of businesses that contribute to reducing
environmental impact; lectures and other educational programs
for raising employees environmental awareness; and voluntary
environmental surveys linked to environmental conservation,
environmental management and related improvements. During
the scal year ended March 31, 2009, MC undertook initiatives
connected to seven separate policy themes. The results were
useful in promoting environmental businesses and conducting
environmental and CSR activities based on the regional
characteristics of domestic branches.
Ofce-Based Environmental
Impact Reduction Initiatives
Direct participation by all employees in trying to reduce
environmental impact is a major theme of ofce-based
measures at MC. We have set quantitative targets for reducing
the consumption of paper, electric power and other resources
inside our ofces. Each year we review our targets and results
as part of ongoing management of this program and from the
year ending March 31, 2010, we have initiated a Company-wide
program in Japan called the CO2 Action Project (see page
34 for more details). Through this initiative, we aim to reinforce
further the effectiveness of our efforts to save energy and
resources in our ofce-based activities.
Environmental Reviews in Product Trading Activities
Introduction of BEMS for Datacenter Facility
The ICT Service Business Unit A of the Information &
Communication Technology Business Division 1 , Business
Innovation Group, is the building owner for a data center
facility in Mitaka, Tokyo, that is a designated Class II energy
management facility under Japans Act on the Rational Use of
Energy. In February 2008, in cooperation with NEDO ,2
the unit introduced a BEMS 3 for this facility and began
promoting EMS-related measures. The move to the BEMS
resulted in a conrmed reduction in CO2 emissions of 2.3% for
the year ended March 31, 2009. Moreover, based on detailed
management of the data center facilitys operation, the aim is to
continue realizing annual cuts in CO2 emissions to counteract
rising energy demand from such facilities.
1: Following organizational changes in April 2009, this
is known as the IT Services Development Division
and is part of the Corporate Development Section.
2: New Energy and Industrial Technology
Development Organization
3: Building Energy Management System
Mitaka Data Center The BEMS system
Environmental Reviews in Business Investment Activities
Installation of Wastewater Purication
Facilities to Protect Water Quality and Review
of Operational Status and Effectiveness
Within the Industrial Finance, Logistics & Development Group,
the Logistics Services Divisions Tramp Chartering Business
Unit initiated a review to gauge the operational status and
effectiveness of wastewater purication facilities at Seto Futo
Co., Ltd., an MC business investee based in the city of Kurashiki
in Okayama Prefecture. This company, which uses an integrated
management system covering vessel unloading, stevedoring,
warehousing, shipment, and transportation services at wharves
with direct access to the Seto Inland Sea, installed wastewater
purication equipment to protect the quality of this body of
water. Besides monitoring the entire process of installing the
facilities from preparation to installation and full-scale operation,
MC also asked Seto Futo to establish indicators and related
performance targets so that the effectiveness of using the new
purication equipment could be assessed more easily.
The installation of equipment to purify
wastewater generated during onsite
equipment washing was a voluntary
measure to protect the quality of seawater.
EMS and Emergency Response Measures
Conrmed and Evaluated at Styrene
Monomer Transportation Subcontractor
In the Chemicals Group, the Commodity Chemicals Divisions
Petrochemical Intermediates Unit conducted an environmental
review of Tsuruga Chemical Service Co., Ltd., a rm to which
MC subcontracts the transportation of styrene monomer, a
raw material for making polystyrene resin, synthetic rubber
and other materials. The purpose of the review was to propose
and improve measures aimed at preventing any environmental
pollution in transportation or responding to related incidents.
As a result, the company applied for ofcial recognition of its
efforts in the form of Green Management Certication, which
was awarded for the year ending March 31, 2010.
The Foundation for Personal
Mobility and Ecological
Transportation awarded Green
Management Certication
to an MC subcontractor.
This recognizes outstanding
environmental efforts by members
of the trucking, bus or taxi
industries.
Reconstruction of EMS at Functional
Polymer Sales Company
In the Chemicals Group, the Functional Chemicals Divisions
Functional Polymers Unit provided support to Tokyo-based MC
afliate MC Yamasan Polymers Co., Ltd. in the construction
of its EMS (as part of the Eco-Action 21 program). The review
covered the entire process as far as gaining EMS accreditation.
MC also suggested ways that the company could improve its
environmental communications, an area that was pointed out
for improvement in the Eco-Action 21 examination process.
Later, we also checked that all of the areas pointed out by MCs
President & CEO in the EMS management review for MC had
been incorporated.
All employees pulled together to
help obtain Eco-Action 21.
Mitsubishi Corporation Sustainability Report 2009 33
MCs CSR & Environmental Performance

Reviews Relating to Environmental Policy Initiatives Environmental Performance at MC

Safer Operation and Energy Savings Environmental Impact Reductions Through Electricity Consumption Waste Production
(Unit: Thousand kWh)
Conrmed Using Online Telematics for Joint Domestic Sales Campaigns for
Fiscal 2008 Fiscal 2007 Fiscal 2008 Fiscal 2007
Vehicle Fleets Fuel-Efcient Tires
Head ofces 8,569 8,536 Waste produced (tons) 767 748
In the Machinery Group, the Ship, Aerospace & Transportation Within the Living Essentials Group, the General Merchandise Domestic branches 1,192 1,209 Waste recycling rate 96.3 96.2
Systems Divisions Space & Integrated Defense Systems Divisions Living Materials Unit conducted a review within All head ofces and Waste production rose slightly in the scal year ended March 31, 2009 due mainly to
9,761 9,745
Unit conducted a review of the Kurumie 4 online telematics the framework of the EMS on the effectiveness of joint sales branches in Japan preparations to relocate the Shinagawa head ofce.

service provided by Tokyo-based MC business investee Jicoux campaigns for tires that offer benets in terms of reduced CO2
CO2 Emissions (Unit: Tons of CO2) Paper Consumption (Unit: Thousand sheets)
Datasystems, Inc. Using images and online data storage, emissions. As well as assessing progress within this product
this service tries to improve the safety and environmental sector against targeted sales goals, the review analyzed end- Fiscal 2008 Fiscal 2007 Fiscal 2008 Fiscal 2007
compliance of corporate vehicle eets. The review focused user benets and concluded that these products had achieved Head ofces 3,672 3,658 Head ofces 80,322 77,511
on the key aspects of driving safety, fuel efciency higher sales based on proven benets in terms of greater fuel Domestic branches 511 518 Domestic branches 8,194 8,410
improvements and CO2 emissions reduction. It conrmed that efciency. In view of potential transport-related energy savings, All head ofces and All head ofces and
4,183 4,176 88,516 85,921
this telematics service could contribute to corporate clients the Living Materials Unit plans to promote the benets of these branches in Japan branches in Japan
making incremental gains in energy efciency via transparent energy-efcient tires more widely among MC customers and

Converted from the above electricity consumption
The conversion from electricity consumption to CO 2emissions was performed using

Paper consumption rose slightly in the scal year ended March 31, 2009 due mainly to
preparations to relocate the Shinagawa head ofce.
reductions in fuel consumption and CO2 emissions. Going MC Group companies going forward to encourage greater coefcients contained in Calculation worksheets (December 2007) v2.0 (2005, Japan) of
the GHG Protocol Initiative Calculation Tools.
forward, the company aims to help customers make further adoption of these products.
reductions in environmental impact by promoting safe and eco- CO2 Emissions From Logistics (Unit: Tons of CO2)
friendly driving.
Fiscal 2008 Fiscal 2007
4: Please refer to the following website for more details of this telematics service.
URL reference: http://www.jicoux.com/telematics [Japanese only]
Distribution factors 83,500 95,100
Data collected in compliance with the Act on the Rational Use of Energy in Japan and
covers domestic (Japan) transport where MC is the cargo owner.

The Kurumie service provides customers
with online access to real-time images and
other detailed driving data, including vehicle
movements for each driver, idling times, and
the time and location of any vehicle involved
in an emergency braking situation.
Period
April 1, 2008 to March 31, 2009
Policies and Standards
Information is provided in accordance with internal regulations such as the Environmental Management Policy Regulations and the Environmental
MC handles various fuel-efcient eco tires made by
Bridgestone Corporation, Toyo Tire & Rubber Co., Ltd. and Impact Evaluation Standards, and in compliance with relevant environmental laws and regulations.
Scope of Aggregation
The Yokohama Rubber Co., Ltd. (from left to right).
The scope of application of MCs environmental management system ( Head offices (9 groups, including Corporate, 1 branch, 1 office and 7
subsidiaries) and domestic (6 branches, 8 ofces and 1 annex ofce))
Electricity consumption: Excludes electricity of common areas of the Mitsubishi Shoji Building, data centers, etc.)
Waste production: Head ofces (Mitsubishi Shoji Building, Shinagawa ofce, and some other ofces in Tokyo)
Paper consumption: Excludes paper consumption of data centers and some ofces.

MC-Wide CO 2Emissions-Reduction Program

Environmental Accounting
Under the review of MCs environmental management system
led by MCs President & CEO for the year ended March 31, Environmental Preservation Costs Environmental Preservation Benets/Economic Benets
2009, a number of points were raised as areas to be addressed
Investment Expenses Environmental Economic Benets
in EMS-related activities in the following year. One of these (Unit:Thousand yen) Preservation Benets
concerned the need to promote activities to reduce CO2 Business area costs Waste production 15t 765,000
9,373
emissions. In light of this, in April 2009, MC initiated the CO2
(Waste volume reduction, reduction and recycling
expenses)
Paper consumption 2,812 thousand sheets 5,198,000
Action Project as a Company-wide program in Japan to meet Upstream and downstream costs
(Expenses for reducing environmental impact, 140 18,598,000
including packaging and containers)
Electricity Consumption 33 thousand kWh
this objective.
Administration costs
Environmental preservation benets and economic benets are calculated by subtracting
In specic terms, the project involves each business group (Expenses related to environmental management, the 261,221 actual results in the scal year ended March 31, 2009 from actual results in the scal year
dissemination of environmental information, etc.) ended March 31, 2008.
setting separate targets for ofce-based CO2 emissions
R&D costs
reductions and operating and sales activities-related (Projects related to coral reef preservation and tropical
rainforest regeneration, etc.)
86,967
Signicant Matters as Basis for Environmental Accounting
CO2 emissions reductions. CSR and environmental affairs Social activity costs Reporting period: April 1, 2008 to March 31, 2009
(Foundations, funds, university lecture endowment, 337,744
representatives appointed within each business group will also etc.) Reference guidelines: Ministry of the Environments Environmental
help to gather emissions-reduction ideas from employees. Environmental remediation costs
Accounting Guidelines 2005

Scope of aggregation: Head ofces (Mitsubishi Shoji Building, Shinagawa
CO2 Action Project posters Total 695,444 ofce, and some other ofces in Tokyo). However,
are displayed in MC ofces waste production relates only to the Mitsubishi
throughout Japan.
Shoji Building and Shinagawa ofce.
Other: Amounts less than 1,000 have been rounded

34 MCs CSR & Environmental Performance Mitsubishi Corporation Sustainability Report 2009 35
MCs CSR & Environmental Performance

MCs businesses are conducted by more than 500

Social Performance consolidated business entities globally. MC thus places the
utmost importance on recruiting and training managers to
business-related seminars, lectures and training courses at all
levels across the MC Group, including managers, accounting
managers, HR executives and young executives with leadership
1 2
run these rms and implement the required internal controls. potential. These efforts strengthen the management of our
Employment Rate for Disabled People Proportion of Female Managers To develop the necessary human resources, MC organizes Group companies.

2.10 3.5
2.05 3.1
2.05

2.00
3.0 Measures to Promote Positive Working Environments
1.95 2.5
2.4
1.90 1.88 1.92 In October 2007, MC established the Working Environment employee needs. Examples include the elimination of partner
2.0
1.85
1.9
Support Ofce which primarily focuses on three areas requirements in our childcare system (that previously limited
1.85 1.82
1.5
1.5 overtime periods and leave; the mental and physical health of use of the system to only those employees whose partners
1.3
1.80 could not provide full-time childcare), in order to encourage
1.1 employees; and gender-neutral employment support. The main
1.75 1.0 goal for this Ofce is to create working environments that boost male participation in childcare, and extending the staggered
2004 2005 2006 2007 2008FY 2004 2005 2006 2007 2008 2009 FY
2 Non-consolidated basis (Global basis, includes secondees)
the enthusiasm and vitality of all employees. working hours and exi-time systems for employees providing
1 Based on MC in Japan and 1 designated special subsidiary
In May 2008, the Japanese Ministry of Health, Labour and long-term care to family members from a period of one year to
Welfare (MHLW) awarded an as long as the long-term care is necessary.

Respect for Human Rights accreditation mark to the company

Basic Stance on Human Rights
MC believes that respect for human rights is an important
component of CSR in the development of its global business.
MCs Code of Conduct stipulates clearly that the company
will respect human rights; will not engage in discrimination
on the basis of race, ethnicity, creed, religion, or any other
grounds; will not tolerate sexual harassment; will foster a proper
understanding and awareness of the issue of human rights; will
respect the cultures, customs, and language of other countries
1: The declaration was adopted as a common standard of
achievement for all peoples and all nations to secure respect for
the rights and freedoms of individuals. It was adopted in 1948 at
the Third Session of the General Assembly of the United Nations.
The UN later adopted two international covenants on human
rights that effectively made many of the provisions of the Universal
Declaration binding for states that ratied them: The International
Covenant on Civil and Political Rights and the International
Covenant on Economic, Social and Cultural Rights. MC endorses
these international covenants and makes specic reference to
compliance with them in the MC Code of Conduct.
2: The International Labour Organization (ILO) has identied eight
ILO Conventions pertaining to issues ranging from discrimination
and minimum working age to the worst forms of child labor. MC
Relationships with Employees
Basic Stance and Creating Environments to Utilize a Diverse Workforce
MCs greatest assets are its employees. Our basic human
resources policy is to provide good jobs and working
environments that maximize the skills and realize the potential
of individual employees so that they can enhance their value.
MCs HR policies on recruitment, training, assignment,
evaluation and remuneration are supplemented by programs
designed to strengthen the organization and corporate culture,
and regions; and will promote and maintain harmony with the
international and local communities in which it operates. MC
also supports all international norms and codes regarding
human rights, including the Universal Declaration of Human
Rights 1 , the core labor standards of the ILO 2 (International
Labour Organization) and the Voluntary Principles on Security
and Human Rights 3 .
endorses all eight Fundamental ILO Conventions and makes
specic reference to compliance with them in the MC Code of
Conduct.
3: The Voluntary Principles on Security and Human Rights were
formulated through multipartite discussions whose aim was
to guide companies in maintaining the safety and security of
their operations while ensuring respect for human rights and
fundamental freedoms and is based on the UN Basic Principles
on the Use of Force and Firearms by Law Enforcement Ofcials
and Code of Conduct for Law Enforcement Ofcials. Engaging in
the discussions were the governments of the United States and
the United Kingdom, private-sector companies in the resources
and energy sectors, and non- organizations with an
governmental
interest in human rights and corporate social responsibility.
formto improve working environments. These programs
and
the core of efforts to develop and build MCs human capital.
MC will continue to create systems and a global working
environment that enables its diverse workforce to realize their
potential. We believe this will motivate our people and help us in
recruiting, retaining and nurturing employees who can support
our growth.
for its childcare support-related HR
MC offers mental health consultations to employees through
in-house clinics and counseling rooms. In the scal year ended
policies, signifying that MCs March 31, 2009, we also established the Employee Assistance
initiatives and plans in this area Program (EAP) in Japan to provide an external counseling
are in line with Japanese laws service to employees working outside the head ofce. The
which are aimed at increasing service is also available to family members of employees. A
the countrys overall birth rate. In separate counseling service was established at the same time
April 2009, MC broadened the to any employees caring for parents or other family members.
scope of its systems to better meet
Developing a Diverse, Global Workforce
As a global enterprise, MC actively strives to promote equal MC also promotes a bilingual approach to internal
employment opportunities for its diverse workforce. Global communications based on the use of Japanese and English.
The companys in-house magazine RYOWA and its intranet
HR development functions comply with national laws and
regulations while remaining sensitive to differences in working portal site are provided in both languages. Employees working
environments, among other cultural aspects. In particular, in MCs network of overseas ofces can choose to receive an
MC is focusing on promoting HR development, including the e-learning program to help learn Japanese.
creation of training systems, for those working in consolidated MC is also implementing measures on an ongoing basis
subsidiaries and local staff employed at overseas operations. to employ people with disabilities. For example, Mitsubishi
Shoji & Sun Co., Ltd., a designated special subsidiary of
MC continues to pursue a policy of dynamic personnel
assignment so that each individual employee can gain a variety MC established in Beppu, Oita Prefecture, in 1983 offers
of experiences and career opportunities. Measures include staff employment opportunities to the disabled. Furthermore,
rotation between corporate departments and business groups, across Japan joint recruitment interviews have been organized
sending staff recruited overseas to Japan on assignment or as for Group companies in partnership with Japans MHLWs
trainees, and transferring personnel between overseas bases. Employment Security Bureau.
A Message from MCs Employees Union in Japan
Employees are trading companies and actively proposing ideas on improved
greatest assets. Achieving good working working practices or new systems for
practices and a lively and fullling various company procedures. Examples
corporate life are critically important include reduced overtime, support
themes in our ongoing work as an for balancing childcare and long-
employees union. term care commitments, and better
The in-house labor-management staff communication through housing
Hisashi Ishiwata liaison committee is supporting the accommodations for single employees
Mitsubishi Corporation Employees Union
creation of positive working environments as well as a new employee cafeteria.

36 MCs CSR & Environmental Performance Mitsubishi Corporation Sustainability Report 2009 37
 Corporate Data (As of March 31, 2009)

Company Name: Mitsubishi Corporation

Date Established: April 1, 1950
Capital: 202,816,563,728
Shares of Common Stock Issued: 1,696,046,684
Head Ofce: Mitsubishi Shoji Building

3-1, Marunouchi 2-chome, Chiyoda-ku, Tokyo, 100-8086, Japan Companys Registered Ofce
Marunouchi Park Building
6-1, Marunouchi 2-chome, Chiyoda-ku, Tokyo, 100-8086, Japan (May 1, 2009~)
Number of Employees: Parent company: 5,690 Consolidated: 60,095
Number of Consolidated Subsidiaries and Equity-Method Afliates: 590 Companies afliated with MC subsidiaries are not included.

Financial Highlights
Mitsubishi Corporation and Subsidiaries Years Ended March 31 (based on U.S. GAAP)

( Millions of Yen )

2009.3 2008.3

Operating transactions and income

Operating transactions 22,389,104 23,103,043
Operating income 588,896 355,105
Income from continuing operations before income taxes 388,228 552,549
Net income 369,936 470,859

Net income per share (Basic) (yen) 225.24 283.82

Net income per share (diluted basis) (yen) 224.75 282.55
Return on equity (ROE) (%) 14.1% 16.3%

Assets and shareholders equity

Total assets 10,918,003 11,750,441
Shareholders equity 2,383,387 2,873,510
Ratio of shareholders equity to total assets (%) 21.8% 24.5%
Shareholders equity per share (yen) 1,450.72 1,750.86

Status of dividends
Dividend per share (for the year, yen) 52.00 56.00
Dividend payout ratio [Consolidated] (%) 23.1% 19.7%

Operating transactions is a voluntary disclosure commonly made by similar Japanese trading companies, and is not meant to
represent sales or revenues in accordance with U.S. GAAP.
The gures have been restated, in accordance with provisions of U.S. GAAP.
The gures for the year ended March 31, 2008 relating to discontinued operations have been reclassied.

38 Corporate Prole
 Stop Global Warming!
Team minus 6% (Japanese Government Emissions Reduction Initiative)

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