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Mitsubishi Corporation

OVERALL

Owned
JPN
Rating
Criticisms

Business conglomerate

Japan's largest financial and industrial association, which operates through seven main business groups: living essentials (agricultural products, food and beverages, textiles, and construction materials); metals (ferrous and nonferrous); machinery (power generation equipment, electrical systems, automobiles); energy (liquefied natural gas, crude oil); and chemicals (petrochemicals, fertilizers, plastics).

Company Ownership

Mitsubishi Corporation   JPN     website         
  Mitsubishi Group   
   owns 100% of Mitsubishi Corporation  
JPN     website         

Conglomerate

Japan's largest "keiretsu", a collaborative group of integrated companies with extensive share crossholdings, personnel swaps and strategic co-operation. Companies in group include Mitsubishi Corporation, Mitsubishi Motors Corporation, Mitsubishi Electric, Mitsubishi Paper Mills Ltd, Mitsubishi Nuclear Fuel Co., Kirin Holdings (who owns Australian dairy and drinks company, Lion), and many more.

> About the Ratings

Company Assessment

PRAISE CRITICISM INFORMATION
Mitsubishi Corporation
Environment CDP Climate Change Score of A-
In 2022, the Carbon Disclosure Project (CDP) asked companies to provide data about their efforts to reduce greenhouse gas emissions and mitigate climate change risk. Responding companies are scored across four key areas: disclosure; awareness; management; and leadership. This company received a CDP Climate Change Score of A-.
Source: CDP (2022)
Environment 18% in Forest 500 Rankings
Forest 500 identifies the 350 companies and 150 financial institutions with the greatest exposure to tropical deforestation risk, and annually assesses them on the strength and implementation of their deforestation and human rights commitments. This company received a score of 18%.
Source: Forest 500 (2022)
Business Ethics Seafood Stewardship Index
The Seafood Stewardship Index presents an overall ranking based on the results in five measurement areas: governance; supply chain stewardship; ecosystems; human rights and working conditions; and local communities. This company received a score of 1.79/5.
Source: World Benchmarking Alliance (2020)
Business Ethics 18.5% in Food and Agriculture Benchmark
The 2021 Food and Agriculture Benchmark assessed 350 keystone companies across the entirety of the food system, from farm to fork. It covers three dimensions where transformation is needed: nutrition, environment and social inclusion. This company ranked #164/350, with a total score of 18.5/100.
Source: World Benchmarking Alliance (2021)
Environment US recycling report card
The Electronics TakeBack Coalition's Recycling Report Card evaluates takeback and recycling programs for computer, TV, printer and game console companies. The report card focuses on the programs available to consumers in the US, and relies on publicly available information, as of Sept 2010. This company received a grade of D+ for its recycling efforts in the USA.
Source: Electronics TakeBack Coalition (2010)
Environment CDP Forests Score of C
In 2022, the Carbon Disclosure Project (CDP) asked companies to provide data about their efforts towards removing commodity-driven deforestation and forest degradation from its direct operations and supply chains. Responding companies are scored across four key areas: disclosure; awareness; management; and leadership. This company received a CDP Forests Score of C.
Source: CDP (2022)
Social Modern Slavery statement
California, the UK and Australia have all enacted legislation requiring companies operating within their borders to disclose their efforts to eradicate modern slavery from their operations and supply chains. Follow the link to see this company's disclosure statement.
Source: company website (2017)
Social CDP Water Security Score of C
In 2022, the Carbon Disclosure Project (CDP) asked companies to provide data about their efforts to manage and govern freshwater resources. Responding companies are scored on six key metrics: transparency; governance & strategy; measuring & monitoring; risk assessment; targets & goals; and value chain engagement. This company received a CDP Water Security Score of C.
Source: CDP (2022)
Business Ethics 52.4% in Newsweek Green Ranking 2017
This company received a score of 52.4/100 in the Newsweek Green Ranking 2017, which ranks the world's largest publicly traded companies on eight indicators covering energy, greenhouse gases, water, waste, fines and penalties, linking executive pay to sustainability targets, board-level committee oversight of environmental issues and third-party audits. Ranking methodology by Corporate Knights and HIP Investor.
Source: Newsweek (2017)
Business Ethics 43/100 S&P Global ESG Score
This company received an S&P Global ESG Score of 43/100 in the Trading Companies & Distributors category of the S&P Global Corporate Sustainability Assessment, an annual evaluation of companies' sustainability practices (last updated 21 Oct 2022). The rankings are based on an analysis of corporate economic, environmental and social performance, assessing issues such as corporate governance, risk management, environmental reporting, climate strategy, human rights and labour practices.
Source: S&P Global (2022)
Mitsubishi Group
Social Forced labour in China
The Chinese government has facilitated the mass transfer of Uyghur and other ethnic minority citizens from the far west region of Xinjiang to factories across the country. Under conditions that strongly suggest forced labour, Uyghurs are working in factories that are in the supply chains of at least 83 well-known global brands in the technology, clothing and automotive sectors, including brands owned by this company. The Australian Strategic Policy Institute's 2020 report estimates (somewhat conservatively) that more than 80,000 Uyghurs were transferred out of Xinjiang to work in factories across China between 2017 and 2019, and some of them were sent directly from detention camps.
Source: ASPI (2020)
Social Arms sales
Two Mitsubishi subsidiaries are on SIPRI's list of the Top 100 arms-producing and military services companies in the world (excluding Chinese companies), ranked by their arms sales in 2020.
Source: SIPRI (2020)
Animals Overfishing
Mitsubishi owns 35-40% of the market for the Bluefin Tuna, which is listed as Critically Endangered, the highest risk category of the IUCN Red List. Mitsubishi has been stockpiling up to 20,000 tons of the frozen fish while continuing to buy more. While the price of a product gets higher the harder it is to find, Mitsubishi has been accused of deep freezing these fish to make an even bigger profit as the species gets ever closer to being completely wiped out.
Source: news article (2013)
Environment 0/100 in Solar Scorecard
The 2018-19 Solar Scorecard, produced by the Silicon Valley Toxics Coalition, rates solar panel producers on their commitment to the environment and worker safety. Areas looked at include emissions reporting, chemical reductions plan, workers rights and conflict minerals. This company received a score of 0/100.
Source: Silicon Valley Toxics Coalition (2019)
Environment Previous boycott call
Rainforest Action Network (RAN) ran a Boycott Mitsubishi campaign from 1989 to 1998 for being the world's worst logger of tropical forests at the time.
Source: RAN (1998)
Business Ethics Nuclear - direct involvement
Mitsubishi manufacture nuclear fuel through Mitsubishi Nuclear Fuel Co. Ltd
Source: company website (2020)
Information mitsubishisucks.com
This website is dedicated to exposing the questionable business practices of Mitsubishi. Last updated 2004.
Source: mitsubishisucks.com (2004)

> About the Icons

Company Details

Type Public company
Founded 1918
Revenue 134 billion USD (2020)
Employees 86,098 (2020)
Subsidiaries Mitsubishi Motors Corporation (20% owned) 

Car maker

Part of the Renault–Nissan–Mitsubishi Alliance.


  - Mitsubishi Motors Australia Ltd 

Motor vehicles

Contact Details

Address Tokyo, Japan
Website www.mitsubishicorp.com

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