Mitsubishi Electric Named CDP Supplier Engagement Leader for Three Consecutive Years and Sixth Time

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Mitsubishi Electric Corporation has been recognized as a 2022 Supplier Engagement Leader by CDP for its supply chain environmental efforts, marking its third consecutive year achieving this status. This accolade is awarded to the top 8% of companies evaluated in the Supplier Engagement Rating program, which assesses how businesses collaborate with suppliers to tackle climate change. The recognition highlights Mitsubishi Electric's commitment to reducing greenhouse gas emissions and minimizing climate-change risks throughout its supply chain. As part of its Environmental Sustainability Vision 2050, the company aims to achieve net-zero CO2 emissions by 2050 through various initiatives. Mitsubishi Electric's focus lies in enhancing environmental impact reduction strategies across its global value chains.

Positive

• Recognized as a 2022 Supplier Engagement Leader by CDP for environmental efforts.
• Achieved top ranking for the third consecutive year, demonstrating commitment to sustainability.
• Aims for net-zero CO2 emissions by 2050, reflecting long-term strategic vision.

Negative

• None.

Selected for its collaboration with suppliers on climate change

TOKYO--(BUSINESS WIRE)-- Mitsubishi Electric Corporation (TOKYO: 6503) announced today that its environmental efforts related to supply chains have earned the company designation as a 2022 Supplier Engagement Leader, the highest ranking in the CDP Supplier Engagement Rating program operated by CDP, an international non-profit organization that supports environmental disclosure. This is the third consecutive year since 2020 and sixth time in which Mitsubishi Electric has earned a top ranking for excellent actions and strategies to reduce greenhouse gas emissions and climate-change risk throughout its supply chain.
The Supplier Engagement Rating evaluates the activities of companies that work with their suppliers to address climate change throughout the supply chain. In 2022, the top 8 percent of companies evaluated were selected as top-rated Supplier Engagement Leaders.

Mitsubishi Electric's environmental initiatives reflect the company's Environmental Sustainability Vision 2050 policy, which declares to "protect the air, land, and water with our hearts and technologies to sustain a better future for all" and aims to achieve net-zero CO₂ emissions by reducing greenhouse gases throughout the company's value chains by 2050.
Mitsubishi Electric will continue working with its suppliers to reduce environmental impact in terms of global value chains, energy-saving products and systems, and cutting-edge infrastructure, ultimately to realize decarbonization and more a sustainable global environment.

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

View source version on businesswire.com: https://www.businesswire.com/news/home/20230406005261/en/

Customer Inquiries

Corporate Environmental Sustainability Group

Mitsubishi Electric Corporation

eqd.eco@pj.mitsubishielectric.co.jp

www.MitsubishiElectric.com/en/sustainability/environment/

Media Inquiries

Takeyoshi Komatsu

Public Relations Division

Mitsubishi Electric Corporation

Tel: +81-3-3218-2346

prd.gnews@nk.MitsubishiElectric.co.jp

www.MitsubishiElectric.com/news/

Source: Mitsubishi Electric Corporation

FAQ

What recognition did Mitsubishi Electric receive in 2022?

Mitsubishi Electric was named a 2022 Supplier Engagement Leader by CDP.

How many times has Mitsubishi Electric been recognized as a Supplier Engagement Leader?

Mitsubishi Electric has received this recognition six times, including three consecutive years.

What is Mitsubishi Electric's target for CO2 emissions by 2050?

Mitsubishi Electric aims to achieve net-zero CO2 emissions by 2050.

What criteria were evaluated for Mitsubishi Electric's Supplier Engagement Leader ranking?

The ranking evaluates companies' efforts to address climate change throughout their supply chains.

What percentage of companies were recognized as Supplier Engagement Leaders in 2022?

The top 8 percent of evaluated companies were recognized as Supplier Engagement Leaders in 2022.