Mitsubishi Corporation

Press Room

August 7, 2023
Chitose City
Mitsubishi Corporation

Agreement Signed to Promote Urban Development towards Carbon Neutral City of Chitose

The city of Chitose in Japan’s Hokkaido Prefecture (Chitose City) and Mitsubishi Corporation (MC) are pleased to announce that we have reached an agreement to promote Urban Development towards carbon neutral city of Chitose.
To realize decarbonized society Chitose City declared a statement of “Zero Carbon City Chitose” to reduce greenhouse gases to net Zero by 2050 and the city has been taking proactive activities for carbon neutrality.
In May 2022, MC announced its latest management plan, entitled “Midterm Corporate Strategy 2024 – Creating MC Shared Value”. Through connected advances in both EX and DX, MC is now working to revitalize regions and build independent, distributed communities that provide vibrant and convenient living environments and new, carbon-neutral industries that are powered by renewable energies.
Under the terms of this agreement, both parties shall closely work together for the scopes below, making the most of each resource.
<Scope of Our Agreement>
1. Carbon Neutrality of Chitose City
2. Digital Transformation of Chitose City
3. Industrial Development of Chitose City
4. Transportation Infrastructure of Chitose City
5. Other Local Development considered necessary.
<Mitsubishi Corporation>
Headquarters:2-3-1 Marunouchi, Chiyoda-ku, Tokyo
Representative:Representative Director, President and CEO Katsuya Nakanishi
Establishment: July 1, 1954 (Registered April 1, 1950)
Main Businesses:MC engages in a wide range of businesses spanning multiple industries and overseen by its 10 Business Groups: Natural Gas, Industrial Materials, Petroleum & Chemicals, Mineral Resources, Industrial Infrastructure, Automotive & Mobility, Food Industry, Consumer Industry, Power Solution, and Urban Development.

Based on the Three Corporate Principles, which serve as MC’s core philosophy, MC has continued to grow together with society by contributing to the sustainable development of society through its business activities while pursuing value creation. MC’s revised “Materiality” was announced in Midterm Corporate Strategy 2024 as a set of crucial societal issues that MC will prioritize through its business activities, towards the strategy’s goal of continuous creation of MC Shared Value (MCSV). Guided by this Materiality, MC will continue to strengthen its efforts towards sustainable corporate growth. Out of the six material issues relating to “Realizing a Carbon Neutral Society and Striving to Enrich Society Both Materially and Spiritually”, this project’s activities particularly support ““Contributing to Decarbonized Societies” “Utilizing Innovation to Address Societal Needs” and “Addressing Regional Issues and Growing Together with Local Communities”.

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