Plastic waste and climate change. Promoting a circular economy model for the entire value chain and advancing global partnerships.
Of the challenges facing society today, the problems of plastics and how to tackle climate change are gaining prominent attention. The Mitsui Chemicals Group is deeply implicated in these issues as a chemical company that emits large volumes of greenhouse gases and manufactures plastics.
Although these issues pose risks, they also afford us business opportunities. From a long-term perspective, I believe the execution of appropriate and swift business decisions will be key
We cannot prescind the two issues of plastics and climate change. The Group’s basic approach is to implement initiatives from both perspectives to encourage a switch to a circular economy across the entire value chain.
The three Rs (reuse, reduce, and recycle) for plastics is an initiative that Japan has continued to pioneer. The Group intends to promote a circular economy model by expanding the use of biomass plastics as well as strengthening its recycling initiatives.
Marine plastic waste is a problem concerning trash that has escaped this cycle and cooperation on a global level will be essential if a solution is to be found. As such, we are addressing this issue by participating in the Alliance to End Plastic Waste (AEPW) and other global alliances.
As for climate change, we formulated a long-term policy with a view to the year 2050. In addition, we support the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) and we are striving to actively disclose information about how climate change affects our businesses.
Mitsui Chemicals Annual Report 2019