In March 2019 Ethical Consumer viewed Mitsubishi Corporation's Integrated Annual Report 2017 which stated that the company was involved in uranium mining in Australia.

Ethical Consumer also checked the Mitsubishi 2018 Annual Report which did not state anything in relation to uranium. However a page on the website did indicate that the company was involved in uranium mining or distribution.

The comapny lost half a mark under Controversial Technologies.

Reference:

2017 Annual Report (2017)

In April 2019 Ethical Consumer viewed the Mitsubishi Heavy Industries website. Under the 'Energy' section of the products page it listed 'Nuclear Power Generation'. It also stated "Japan has been proceeding with development of the advanced reactors that make efficient use of uranium resources as a national project since 1950s. MHI [Mitsubishi Heavy Industries] has been participating in this project and played a significant role."

The company lost a whole mark under Controversial Technologies.

Reference:

www.mhi.com (1 April 2019)

In January 2020 Ethical Consumer received a survey from Princes which stated that the company did not allow GMO ingredients in any of its products.

However, it also stated that the company did permit its animal products to be sourced from animals fed on GMO animal feed.

The company lost half a mark under Controversial Technologies.

Reference:

Questionnaire Response March 2019 (12 March 2019)

In March 2019 Ethical Consumer viewed the Open Secrets website which stated that in 2018 the company and its employees had donated a total of $642 to both left and right wing parties in the US. In 2016 it had donated $7,017.

The comapny lost half a mark under Political Activities.

Reference:

Open Secrets generic ref 2019 (2 January 2019)

According to WBCSD's website www.wbcsd.org, viewed by Ethical Consumer in February 2019, Mitsubushi Corporation was a member of the World Business Council for Sustainable Development. This was regarded by Ethical Consumer as an international corporate lobby group which exerted undue corporate influence on policy-makers in favour of market solutions that were potentially detrimental to the environment and human rights.
As a result Mitsubishi lost half a mark under Political Activities.

Reference:

Memebers List 2019 (February 2019)

According to the organisation's website www.weforum.org, viewed by Ethical Consumer in February 2019, the company was a member of the World Economic Forum. This was regarded by Ethical Consumer as an international corporate lobby group which exerted undue corporate influence on policy-makers in favour of market solutions that were potentially detrimental to the environment and human rights.

Mitsubishi lost half a mark under Political Activities.

Reference:

Members List 2019 (February 2019)

In March 2019 Ethical Consumer viewed the corporate family tree of Mitsubishi Corporation on the corporate database Hoovers.

It indicated that the company had a number of subsidiaries in locations considered by Ethical Consumer to be tax havens. A number of these were high risk company types for the likely use of tax avoidance strategies. These included:
MITSUBISHI CORPORATION (HONG KONG) LIMITED (Hong Kong)
MITSUBISHI CORPORATION LT SINGAPORE PTE. LTD. (Singapore)
MC Automobile Holding Asia B.V. (Netherlands)

No country-by-country reporting could be found. Mitsubishi therefore received Ethical Consumer's worst rating for likely use of tax avoidance strategies.

Reference:

Generic Hoovers ref 2019 (2 January 2019)

In April 2019 Ethical Consumer viewed the corporate family tree of Mitsubishi Heavy Industries and found that it had a number of subsidiaires located in countries which were considered to be tax havens by Ethical Consumer. These were in the Netherlands, Singapore, Ireland and Hong Kong.

A number of these were holding companies with subsidiaries located countries that were not tax havens. These were considered to be high risk company types for the likely use of tax avoidance strategies.

MITSUBISHI HEAVY INDUSTRIES ENGINE SYSTEM ASIA PTE. LTD. (Singapore)
MITSUBISHI HITACHI POWER SYSTEMS ASIA PACIFIC PTE. LTD. (Singapore)
Mitsubishi Logisnext Europe B.V. (Netherlands)
MHI International Investment B.V. (Netherlands

No country-by-country reporting could be found.

As a result of having two or more high risk company types located in tax havens Mitsubishi Heavy Industries received Ethical Consumer's worst rating for likely use of tax avoidance strategies and lost a whole mark under Anti-Social Finance.

Reference:

Generic Hoovers ref 2019 (2 January 2019)

In March 2019 Ethical Consumer searched the Mitsubishi Corporation Annual Report 2018 for information on director remuneration. No specific figures for director remuneration could be found. Ethical Consumer also viewed the profile of Takehiko Kakiuchi, the CEO of Mitsubishi on the Bloomberg website. This stated that he had been paid a total of ¥262,000,000 in 2017 (roughly £1,805,000).

Ethical Consumer considred annual compensation over £1,000,000 to be excessive. Mitsubishi Corporation lost half a mark under Anti-Social Finance.

Reference:

Profile of Takehiko Kakiuchi (mitsubishi) (8 March 2019)