We have declared the following in our corporate mission: "The Mitsubishi Electric Group will continue to improve its technologies and services by applying creativity to all aspects of its business. By doing so, we enhance the quality of life in our society." Under this mission, we operate in a wide range of areas, from products for the home to equipment and systems for use in outer space.
Today, climate change is one of the major issues that must be addressed to realize a sustainable global environment. In the 2015 Paris Climate Conference (COP21), the Paris Agreement was adopted, listing climate change as a key issue to be addressed in the United Nation's Sustainable Development Goals (SDGs*1). This demonstrates a strong need for a low-carbon society.
The Mitsubishi Electric Group defines a "global leading green company" to be one that fully utilizes its advanced technologies in business activities around the world—including environmental issues—in order to contribute to creating an affluent society where both a "sustainable society" and "safe, secure, and comfortable lifestyles" are simultaneously achieved. Our aim is to be recognized as such a company. While making efforts to realize a low-carbon society through our products and services in the course of satisfying individual customers' needs, we will also try to reduce the environmental load at our business sites.
The Mitsubishi Electric Group is carrying out initiates to reduce the volume of CO2 emitted during production activities at its business sites as well as suppress the volume that is generated during product and system use. This is being accomplished by making production processes and product and systems performance more energy efficient. The volume of CO2 emissions suppressed by improving product and system energy efficiency (i.e., contribution to reducing CO2 emissions*2) is tens of times that of the CO2 emitted during activities at business sites. We therefore believe that our "energy-saving products and systems" will make a significant contribution to realizing a low-carbon society.
We have been pressing forward with energy savings through two effective ways: improving the energy efficiency of individual products and appropriately controlling systems that combine multiple products.
The Mitsubishi Electric Group has been contributing to energy savings by incorporating the use of power semiconductors, which is the key to achieving a higher level of energy-saving performance in individual products. We have developed power semiconductors that are produced using silicon carbide (SiC), which results in less power loss compared to traditional semiconductors that use silicon, and we have been expanding the application of these advanced devices in recent years.
Additionally, leveraging our strengths in the development and manufacture of many products, such as in the area of social infrastructure, we are combining the use of our power devices for various applications. For example, we offer solutions for overall systems that deliver high energy-saving performance, such as net zero-energy buildings (ZEBs*3) and net zero-energy houses (ZEHs*4).
We will continue to simultaneously pursue the realization of a "sustainable society" and "safe, secure, and comfortable lifestyles," and prove ourselves worthy of stakeholders' trust by delivering safety, security, and comfort to customers while using less energy. We believe that this will lead to achieving our management targets of ¥5 trillion or more in consolidated sales and operating margins of 8% or more by FY2021.
The Mitsubishi Electric Group has been working to reduce environmental load associated with its business activities at all business sites around the world. From the perspective of the entire value chain, as well as production and sales activities, we are carrying out initiatives that increase the effective use of resources while pressing forward with resource savings and recycling.
There are countries and regions in the world where environmental laws and regulations are still inadequate. Instead of using the absence of regulations as an excuse for the lack of environmental initiatives, we are working to reduce environmental load at all business sites, taking the circumstances of each country into consideration.
We will continue offering energy-saving products and systems, and reducing environmental load at business sites from the long-term perspective so that future generations will be able to inherit an abundant global environment.
June 30, 2016
President & CEO
*1 SDGs: Sustainable Development Goals, as defined by the United Nations in September 2015.
*2 Contribution to reducing CO2 emitted: Amount of CO2 deemed to be reduced as a result of switching from older products (those equivalent to products sold in fiscal 2001) to new, more energy-efficient products. Estimated using in-house calculation standards.
*3 ZEB (net Zero Energy Building): A building where the net consumption of fossil fuel energy is zero or roughly zero, offset by the use of renewable energy resources or other means.
*4 ZEH (net Zero Energy House): A house where the net consumption of fossil fuel energy is zero or roughly zero, offset by the use of renewable energy resources or other means.