MOL establishes the "MOL Charitable Trust" in Mauritius
Providing support to local environment and communities in Mauritius

June 21, 2021

Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Takeshi Hashimoto) has established the "MOL Charitable Trust" (the Trust) in the Republic of Mauritius as part of its benevolent and philanthropic actions to support activities for the public benefits of Mauritius and its people to address the impacts of the oil spill from a bulk carrier the MV Wakashio that had been chartered from a subsidiary of Nagashiki Shipping Co., Ltd (shipowner).

In cooperation with the shipowner and relevant authorities, MOL has been working to restore the natural environment of Mauritius and contribute to local communities, with the assistance of experts and organizations specialised in the restoration and protection of the environment (Note 1). The newly established Trust is part of a total of 800 million yen fund announced in September 2020 by MOL.

The Trust is being established with a fund of approximately 300 million yen settled by MOL as settlor ahead of the MOL Japanese Foundation, currently under preparation. The Trust will be locally based and managed to ensure quick support when required. In addition, the Trust will incorporate not only projects related to the restoration of the natural environment, but also provide support to local communities in line with the United Nations Sustainable Development Goals (SDGs) and the Mauritian Government's National Priority Areas.

The Trust will contribute to strengthen the presence of Mauritius in the Indian Ocean Rim and foster relationships between the People of Mauritius and Japan. In addition, through the Japanese Foundation which is to be established in the near future, MOL will conduct further support activities on a dual basis with the Trust.

The MOL Charitable Trust is managed by a Committee of Enforcers. This committee includes eminent persons in Mauritius, in order to provide far reaching and fair support in line with the purpose of the Trust.

Funding of the Japanese Foundation will originate from MOL and will also be open to receiving donations from other corporations and individuals.

MOL is committed to provide support to local environment and communities in Mauritius.

"MOL Charitable Trust" Overview

Name of Trust	MOL Charitable Trust (Note 2)
Purpose of Trust	Conservation and development of mangrove forests. Conservation and development of coral reefs. Conservation of wild, migratory and rare birds. Preservation and restoration of cultural property. Economic development of the fisheries and tourism industries. Awareness and sensitization of ecology, ecotourism and environmental protection. Empowerment of communities through social welfare and education. Research and development related to renewable energy. Humanitarian assistance post disaster events. Related infrastructure development to support any of the above actions.
Founding Country	Republic of Mauritius
Settlor	Mitsui O.S.K. Lines, Ltd.
Contributions	Approximately 300 million yen over 5 to 6 years
Trustee	ITL Trustees Ltd.
Bankers	Mauritius Commercial Bank Ltd.
Members of Committee of Enforcers	3 Enforcers from Mauritius Mr. Marc Dalais - Executive Chairman of Celero Ltd Mr. Darmen Ellayah - Active Social Worker Dr. Jimmy Harmon - Independent Researcher in History, Heritage Language and Identity construction 4 Enforcers from Mitsui O.S.K. Lines, Ltd. Mr. Toshiaki Tanaka, Chief Environment and Sustainability Officer Mr. Goro Yamashita, Managing Director, MOL Mauritius Ltd (Chairperson of the Trust) Mrs. Yuko Watanabe, General Manager of Environmental and Sustainability Division Mr. Jotaro Tamura, General Manager of Corporate Planning Division

(Note 1) For more information, please refer to https://www.mol.co.jp/en/sustainability/incident/index.html

(Note 2) Please see below for the details.

• MOL Charitable Trust E-Brochure
• MOL Charitable Trust Application Guideline

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