The United Nations Global Compact is a set of voluntary action principles for corporations proposed by former UN Secretary-General Kofi Annan at the World Economic Forum held in Davos, Switzerland in January 1999. He proposed a means to harness the creative powers of the private sector to fulfill the wishes of underprivileged people and meet the needs of future generations. It is neither a regulatory means nor a legally binding code of conduct, but rather a strategic policy initiative that encourages corporations to come together as global citizens to solve the various problems that could arise as a result of economic globalization. Participating corporations are asked to support and put into practice ten universally-accepted principles in the areas of human rights, labor, environment, and anti-corruption. As of July 2019, over 13,600 corporations, labor unions, and civil society organizations from around the world are participating in the UN Global Compact.
Mitsui & Co. signed and pledged its support for the UN Global Compact in October 2004, and has been participating as a member of the Global Compact Network Japan (GCNJ), complying with the principles as part of its own corporate guidelines. Since then, Mitsui has been conducting a companywide survey every other year in order to check compliance with the UN Global Compact principles, and is working to comply with and practice the principles, as well as to pursue SDGs on a global group basis.
Support for the UN Global Compact
In October 2004 Mitsui & Co. signed and pledged its support for the UN Global Compact. Mitsui has been participating in this initiative as a member of the Global Compact Network Japan and is complying with the principles as part of its own corporate guidelines. Currently Mitsui conducts a companywide survey every other year in order to check compliance with the UN Global Compact principles and is working to comply with and practice the principles on a global group basis.
As well as engaging in activities geared toward observing “Ten Principles of the UN Global Compact”, we will advance various initiatives that contribute to realizing the UN Sustainable Development Goals (SDGs) through our business activities.
President and Chief Executive Officer
TCFD (Task Force on Climate-related Financial Disclosures)
In December 2018, Mitsui declared its support for the TCFD (Task Force on Climate-related Financial Disclosures) recommendations, which aim to facilitate companies to recognize financial impacts arising from the risks and opportunities associated with climate change and to disclose such climate-related information.
World Economic Forum
The World Economic Forum is an independent international organization that engages leaders from the worlds of business, politics, academia, and other sectors of society to shape global, regional, and industry agendas in the spirit of global citizenship, through cooperation between the public and private sectors, for the improvement of the world situation.
As a partner company, Mitsui attends the annual meeting of the World Economic Forum held in Davos, Switzerland every January, as well as the regional meetings.
Japan Business Federation (Keidanren): Committee on Corporate Behavior & Social Responsibility, Committee on Gender Diversity, Committee on Environment and Safety, Committee on Nature Conservation
Mitsui is a member of Keidanren's Committee on Responsible Business Conduct & SDGs Promotion, which works to ensure ethical behavior by businesses, promote CSR, and expand and encourage social contribution activities by businesses and businesspeople, including support for disaster recovery efforts. We are also a member company of the Committee on Gender Diversity, which implements the Action Plan on Women's Active Participation in the Workforce, urges employers to promote women to managerial and executive positions, and promotes initiatives for realizing a society in which a diverse range of human resources, including LGBT people, are able to take on active roles.
In addition, we are member of the Committee on Environment and Safety, which works toward the implementation of environmental policies designed to be compatible with economic activities, including the promotion of voluntary action plans and countermeasures relating to global warming, waste, recycling, and environmental risks. We also joined in the Task Force on Business and Human Rights and engaged in activities directed towards realizing a sustainable society (the aim of said Keidanren Committee) through participation. Moreover, since 2012, a Mitsui employee has been seconded to Keidanren's Committee on Nature Conservation, a committee dedicated to conserving biodiversity and protecting the natural environment, to a) support nature conservation activities of NGOs, b) promote interchange between corporations and NGOs, and c) encourage corporations to act towards nature conservation and biodiversity.
Japan Foreign Trade Council: Global Environment Committee, CSR Study Committee
As a member of the Global Environment Committee of the Japan Foreign Trade Council Inc., Mitsui monitors energy use for all trading companies (shosha) and promotes reduce/reuse/recycle ("3R") activities. We also gather information about new energy technology through our business activities, and contribute to the development of the trading company sector's voluntary action plan for environmental initiatives for a low-carbon, recycling-oriented society.
Mitsui also engages in activities as a member of the Japan Foreign Trade Council's CSR Study Committee, which studies CSR-related issues from trading company's perspective (such as climate change, supply chain, human rights and other ESG matters) and conducts surveys and research about trends in Japan and overseas.
Council for Better Corporate Citizenship (CBCC)
As a member of the Council for Better Corporate Citizenship (CBCC), which was established by Keidanren, Mitsui engages in activities that help Japanese companies to be accepted as good corporate citizens by the countries and regions in which they conduct business, in accordance with the purpose of CBCC. Mitsui works to ascertain the views of various stakeholders, including overseas CSR-related organizations, by participating in presentations, seminars and business dialogue on CSR-related themes.
Japan Forum of Business and Society (JFBS)
As a member of the Japan Forum of Business and Society (JFBS), Mitsui is engaged in connecting theory and practice in the business world concerning issues relating to sustainable growth, which affect the relationship between businesses and society, through wide-ranging collaboration and cooperation with academia, industry, government, labor, and NPOs/NGOs. We are engaged in academic research and
discussions on corporate governance, environmental management, social contribution, labor, human rights and other aspects, as well as in human resources development that embodies sustainability education.
In a panel discussion under the theme of "communications with consumers" during the JFBS Annual Conference in August 2018, a Mitsui representative spoke about our sustainability initiatives and the role of trading companies in the achievement of value chain sustainability.
Japan Business and Biodiversity Partnership
The Japan Business and Biodiversity Partnership was established through a collaborative initiative by Keidanren, the Japan Chamber of Commerce and Industry, and Keizai Doyukai (Japan Association of Corporate Executives) with the aim of promoting private-sector initiatives on biodiversity. As a member company, Mitsui promotes biodiversity conservation initiatives in partnership with NPOs, NGOs, research institutions, and other related entities in Japan and overseas. Furthermore, Mitsui contributes to conservation of biodiversity in its supply chains by promoting a sound resource-cycle policy in its business management focusing on the lifecycles of products and services.
Forest Stewardship Council® (FSC®)
The Forest Stewardship Council® (FSC®) is an international non-profit organization that promotes environmentally appropriate, socially beneficial, and economically viable management of the world's forests.
Mitsui has obtained FSC® forest management (FM) certification at all 74 of its forests, which in total approximately 44,000 hectares, while Mitsui Bussan Forest Co., Ltd., a Mitsui subsidiary, has obtained Chain of Custody (CoC) certification for the processing and distribution of cut lumber (FSC®-C031328). As the biggest supplier of Japanese-grown lumber with FSC® certification, Mitsui is helping to promote the FSC® in Japan and to discuss and draft the Japanese version of principles, standards, and risk assessments. Mitsui has obtained FSC® certification for its forest resources business as well, and promotes responsible management of forest resources.
Roundtable on Sustainable Palm Oil (RSPO)
The Roundtable on Sustainable Palm Oil (RSPO) is a non-profit organization established to promote the sustainable production and utilization of palm oil through the conservation of tropical rain forests and biodiversity. Mitsui supports the RSPO's philosophy of contributing to sustainability through industry, and has been collaborating on various business-based initiatives since joining the organization in 2008.
Participation in Ocean Pollution Prevention Initiatives, Clean Ocean Material Alliance (CLOMA)
CLOMA was established in January 2019 to find solutions to the emerging global challenge of marine plastic debris through the sustainable use of plastic products, the development and introduction of alternative materials, and the acceleration of innovation. Mitsui is one of the 26 secretary companies. As of August 9, 2019, 250 companies and organizations have joined CLOMA, including Mitsui's consolidated subsidiaries namely Mitsui & Co. Plastics Ltd., Mitsui Bussan Chemicals Co., Ltd., and Mitsui Bussan Packaging Co., Ltd.
Participation in A Circular Economy for Flexible Packaging (Ceflex)
Ceflex is the collaborative initiative of a European consortium to develop and apply robust design guidelines for implementing a circular economy for flexible packaging and measures for collecting, sorting and recycling. Mitsui is one of more than 120 companies participating in the consortium, where the companies represent the entire value chain of flexible packaging.