Utilizing sustainability management and building on the strengths acquired by the MOL Group over 140 years, we aim to address social issues and increase corporate value
Tatsuro Watanabe
Executive Officer
Chief Sustainability Officer (CSuO)
We celebrated MOL's 140th anniversary in 2024. Ever since it was founded, the Group's social responsibility has been supporting people's lives by providing marine transportation services to Japan and the rest of the world. This spirit has remained unchanged even as the scope and scale of Group operations have expanded. Today, amid major changes in business conditions, the demands on us are to develop and sustainably expand a range of social infrastructure businesses going beyond marine transport, while also addressing global environmental, human rights and various other issues.
Developing and expanding in partnership with society is essential for the Group's sustainable growth. Recognizing that engagement with sustainability issues can be a driver of business growth, the MOL Group Corporate Management Plan "BLUE ACTION 2035" starting in FY2023 places its central focus on initiatives to address "Sustainability Issues" (Materiality)as our key issues, leading to further integration of the management of the business with sustainability. By placing greater importance on "Sustainability Issues" than before, and by reinforcing and accelerating related initiatives, we aim to ensure the Group's business activities have a positive environmental and social impact, which in turn will lead to increases in our corporate value.
In trying to address various social issues through business, it is vital in our view not only to focus on internal initiatives, but also to develop partnerships across the entire value chain, both within the shipping industry and across sector boundaries. A particular part of our environmental strategy is to establish first-mover credentials for the Group in building industry-leading decarbonized supply chain business models to forge a strong position that will help us hone a competitive edge in new markets. Based on our direct connectivity to the global asset of the oceans, we will develop actions to mitigate the effects of climate change and other impacts on natural capital, ensuring our operations continue to support planetary resilience.
The Group believes further promotion of sustainability management across various business opportunities will make us the preferred choice of different stakeholders, including that of future generations. Moreover, we see our contributing to the realization of a sustainable society translating to higher corporate value over time.
Based on the MOL Group Corporate Mission "From the blue oceans, we sustain people's lives and ensure a prosperous future," the MOL Group Vision for 2035 states: "We will develop a variety of social infrastructure businesses in addition to traditional shipping businesses, and will meet the evolving social needs including environmental conservation, with innovative technology and services. The MOL Group aims to be a strong and resilient corporate group that provides new value to all stakeholders and grows globally." We see the sources of value creation in realizing this Group Vision as the strengths developed by MOL over its 140-year history as a multimodal shipping company, including our track record, technical expertise, talented workforce, and strong partnerships with customers and the public. These will be indispensable assets as we move forward. While leveraging such strengths, to consistently fulfill our corporate obligations as a maritime-centered social infrastructure company, we will build and maintain dialogues with a range of stakeholders -not only customers and suppliers, but shareholders, investors, government bodies, communities, NGOs, and others as well. Our overall aim is to create new value for all Group stakeholders.