Mitsubishi Heavy Industries : MHI Publishes Integrated "MHI Report 2017" -- Concise Presentation of Summary of Management Reforms in Recent Years and Efforts toward ESG --
October 19, 2017 at 10:07 pm EDT
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Tokyo, October 20, 2017 - Mitsubishi Heavy Industries, Ltd. (MHI) has published its 'MHI Report 2017,' an integrated report that focuses on presenting MHI's approach to value creation and progress in management reform to a wide range of stakeholders including shareholders and investors in a simple format. This is based on the company's ongoing strategic restructuring of its unique diversity of business, products and human resources that it has cultivated towards diversity that more closely meets the needs of society today in the rapidly changing global environment.
MHI Report 2017
The report summarizes management reforms in recent years and MHI's vision for the future from the viewpoints of 'Management Strategies,' 'Value Creation through Our Business,' and 'Corporate Governance' and includes messages from senior management.
In April this year MHI moved from its previous four domain structure to the three domain structure of 'Power Systems,' 'Industry & Infrastructure,' and 'Aircraft, Defense & Space' with the aim of promoting group synergy and accelerating reform of the commercial aircraft and commercial ship business. In light of this, the report touches on the relationship between the business activities each domain handles and the aspects of ESG (Environment, Social, Governance) and discusses aiming for medium- to long-term growth while adapting to global society.
Moreover, in order to depict the real picture of MHI's efforts to evolve into a truly global company in a more multifaceted manner, the report also includes messages based on the experiences and specialized fields of individuals on how MHI is seen from the perspective of outside directors.
MHI will convey its value and direction to a wide range of stakeholders through the publication of this report, which covers both financial and non-financial information.
Mitsubishi Heavy Industries Ltd. published this content on 20 October 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 20 October 2017 02:06:04 UTC.
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Mitsubishi Heavy Industries, Ltd. is a diversified group organized around 4 business segments:
- manufacturing of systems and components for energy production units (42.6% of net sales): offshore wind turbines, pumps, turbochargers, reactors, compressors, aero-engines, gas turbines, nuclear power generators, etc.;
- shipbuilding and industrial construction (41.1%): construction of ships, land transport systems, machinery and industrial installations, environmental systems (industrial wastewater treatment systems, air pollution control units, marine pollution prevention systems, waste incinerators, etc.), handling equipment, machine tools, air conditioning and refrigeration systems, toll systems, etc.;
- construction of avionics, defence and aerospace systems (15.7%);
- other (0.3%).
Net sales are distributed geographically as follows: Japan (48.9%), Asia (17.4%), the United States (14.8%), Europe (9.4%), Middle East (2.9%), Central and South America (2.8%), Africa (1.3%) and other (2.5%).
Mitsubishi Heavy Industries : MHI Publishes Integrated "MHI Report 2017" -- Concise Presentation of Summary of Management Reforms in Recent Years and Efforts toward ESG --