Mitsubishi Motors Corporation Environmental Targets 2030
Tokyo, November 02, 2020
MITSUBISHI MOTORS New Environmental Plan Seeks 40% CO2 Emissions Reduction and 50% Ratio of Electric Vehicles by 2030
MITSUBISHI MOTORS CORPORATION (MMC) has formulated a new Environmental Plan for the next 30 years. To contribute to realizing a society with net zero carbon dioxide (CO2) emissions in 2050, the company aims for 40 percent reduction in the CO2 emissions from its new cars and business activities, and raising the proportion of electric vehicles in the total sales to 50 percent by 2030. MMC will be fulfilling its responsibility as a manufacturer and seller of automobiles to make ongoing contributions toward a future dynamic, sustainable society.
Considering social trends since the adoption of the Paris Agreement, this new Environmental Plan takes a medium- to long-term perspective. The plan is comprised of three parts-MMC's Environmental Policy, which was revised to incorporate a medium- to long-term outlook; Environmental Vision 2050, which defines the vision of society and the direction of MMC's initiatives toward 2050; and Environmental Targets 2030, which set out specific targets to achieve by 2030 in order to realize the vision.
1. Environmental Policy
Revised MMC's Environmental Policy enacted in 1999 to incorporate a medium- to long-term perspective.
2. Environmental Vision 2050Â
Defines the vision of society of 2050 in terms of climate change, recycling resources, and preventing environmental pollution, and the outlook of related initiatives. Placing the highest priority on measures to combat climate change, this vision aims to contribute to realizing a society with net zero CO2 emissions by 2050.
3. Environmental Targets 2030
MMC has set out specific targets for the next 10 years for its efforts to combat climate change and help realize a society with net zero CO2 emissions by 2050. These are to reduce the CO2 emissions from new cars by 40 percent compared to FY2010, reduce the CO2 emissions from MMC's business activities by 40 percent compared to FY2014, and raising the proportion of electric vehicles in the total sales to 50 percent by 2030.
Based on this new Environmental Plan, MMC will continue to bolster its eco-friendly technologies leveraging its plug-in hybrid electric vehicles. At the same time, MMC continues to contribute to creating a dynamic, sustainable society by bringing viable products and technologies to more people throughout the world.
About MITSUBISHI MOTORS
MITSUBISHI MOTORS CORPORATION is a global automobile company based in Tokyo, Japan, which has a competitive edge in SUVs and pickup trucks, electric and plug-in hybrid vehicles. The company launched the i-MiEV -the first mass-produced electric vehicle in 2009, which was followed by the OUTLANDER PHEV in 2013 -a plug-in hybrid market leader in Japan and Europe. Mitsubishi Motors has 30,000 employees and a global footprint with production facilities in Japan, Thailand, China, Indonesia, the Philippines and Russia. Models, such as the PAJERO SPORT/MONTERO SPORT, TRITON/L200, OUTLANDER, ASX/OUTLANDER SPORT/RVR and XPANDER play a major role in achieving its growth. The global sales volume in fiscal year 2019 was 1,127,000 units, and the net sales of Mitsubishi Motors for fiscal year 2019 was 2.27 trillion yen. Mitsubishi Motors is listed on the Tokyo Stock Exchange.