April 21, 2023
TOKYO-Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Takeshi Hashimoto) today announced that it has established the "MOL Group Environmental Vision 2.2" as a new roadmap to achieve net zero greenhouse gas (GHG) emissions by 2050 and promote the sustainable development of people, society, and the Earth. MOL positions the environmental strategy as one of the main strategies in its new management plan, "BLUE ACTION 2035."
The "MOL Group Environmental Vision 2.2" reflects steady progress from "MOL Group Environmental Vision 2.1" announced in June 2021, and is aimed at stepping up the effectiveness of its initiatives by adding and updating key performance indicators (KPIs) and milestones toward achieving its sustainability goals. The updated vision also more clearly defines the group's net-zero emissions transition plan by drawing a specific pathway to reduce GHG emissions.
MOL has established quantitative KPIs and milestones to measure progress on actions aimed at achieving net zero emissions by 2050.
MOL has clarified its transition plan by presenting specific GHG reduction pathways toward the 2050 net-zero target and quantified the contributions of each initiative.
The MOL Group will make a concerted effort to reduce various impacts on the global environment, such as climate change measures, but also protect natural capital and biodiversity, while earning the trust of a broad range of stakeholders.
For more information, please refer to the full text of the "MOL Group Environmental Vision 2.2" at the following URL.
MOL Group 5 Sustainability Issues
MOL Group will contribute to realizing a sustainable society by promoting responses to sustainability issues, which are identified as social issues that must be addressed as priorities through its business.
We expect this initiative to contribute especially to the realization of "Environment -Conservation for the Marine and Global Environment-."