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Tuesday, 20 October 2020, 14:54 HKT/SGT
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Source: Mitsubishi Heavy Industries, Ltd.
MHI Again Receives EcoVadis Silver Rating for Overall Sustainability
SDGs Initiatives Recognized for Second Year in a Row

- Company evaluated highly in all four criteria categories: Environment, Labor & Human Rights, Ethics, and Sustainable Procurement
- Corporate presence reinforced as a sustainable supplier in the global market

TOKYO, Oct 20, 2020 - (JCN Newswire) - For the second consecutive year, Mitsubishi Heavy Industries, Ltd. (MHI) has been awarded a Silver rating for overall sustainability from EcoVadis, the independent French platform that regularly assesses corporate supply chains. At a time when the pursuit of the Sustainable Development Goals (SDGs) has become a global focus of universal concern, EcoVadis gave high marks to MHI Group for its initiatives in promoting sustainability throughout its supply chain in all four criteria categories: Environment, Labor & Human Rights, Ethics, and Sustainable Procurement.

In receiving a Silver rating, which is second only to Gold, MHI Group places within the top 24% of all companies evaluated by EcoVadis. Among manufacturers of general-purpose machinery, the rating puts MHI Group in the upper 16%.

EcoVadis, working through its cloud-based platform, provides buyer companies with evaluative data pertaining to suppliers' SDGs initiatives. To date, it has evaluated more than 45,000 companies worldwide.

Through the years, MHI Group has proactively undertaken diverse initiatives in each aspect of ESG (environmental, social, and governance) investment in a quest to contribute to sustainable social development. These include: reducing environmental burdens both internally and at its customer sites, promoting women's empowerment, conducting social contribution activities, and strengthening corporate governance and information disclosure. These efforts have been recognized with the company's inclusion in numerous ESG investment indices. Now, with receipt of a second Silver rating from EcoVadis, MHI has successfully reinforced its presence as a highly sustainable supplier in the global market.

Going forward, MHI Group, encouraged by receipt of EcoVadis's high evaluation two years running, will further devote its resources to initiatives focused on the SDGs, pursuing continuous growth as a company trusted by its stakeholders and recognized as a leading contributor to sustainable social development.

About Mitsubishi Heavy Industries, Ltd.

Mitsubishi Heavy Industries (MHI) Group (TSE: 7011; US: MHVYF) is one of the world's leading industrial firms. For more than 130 years, we have channeled big thinking into solutions that move the world forward - advancing the lives of everyone who shares our planet. We deliver innovative and integrated solutions across a wide range of industries, covering land, sea, sky and even space. MHI Group employs 80,000 people across 400 locations, operating in three business domains: "Power Systems," "Industry & Infrastructure," "Aircraft, Defense & Space." We have a consolidated revenue of around 40 billion USD. We aim to contribute to environmental sustainability while achieving global growth, using our leading-edge technologies. By bringing people and ideas together as one, we continue to pave the way to a future of shared success.

For more information, please visit MHI's website: https://www.mhi.com
For Technology, Trends and Tangents, visit MHI's new online media SPECTRA: https://spectra.mhi.com

Source: Mitsubishi Heavy Industries, Ltd.

Topic: Press release summary
Sectors: Construct, Engineering
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Mitsubishi Heavy Industries, Ltd. Links

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