Mitsubishi Heavy Industries Ltd Carbon Neutral Briefing Transcript

Mar 18, 2022 / NTS GMT
Eisaku Ito - Mitsubishi Heavy Industries, Ltd. - Executive VP & CTO

Allow me to begin today's briefing. Here are the topics that I will cover. I will start by outlining MISSION NET ZERO and MHI's vision of carbon neutrality. I will then discuss our investment plans and the development status of the solutions that will make it happen. Finally, I would like to speak about business development.

First off is MISSION NET ZERO. MHI Group announced MISSION NET ZERO last October. Achieving a carbon-neutral world is a global challenge. As a proven leader in the area of decarbonization, we believe we have a responsibility to lead the way in addressing climate change. We will contribute to the achievement of Net Zero with a wide range of products, technologies and services, which help reduce CO2 emissions. Specifically, we aim to achieve a 50% reduction by 2030 and Net Zero by 2040.

The following is a road map towards completion of MISSION NET ZERO. For Scope 1 and 2 emissions, we have already made considerable reductions in the past. Going forward, we will adopt our own technologies at our

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