MHI Global

MHI Signs Statement of Cooperation with the State Government of South Australia on Development of Local Hydrogen Industry — Target Set on Accelerating Transition to Clean Energy and Developing a Hydrogen Economy — ･ MHI will propose diverse solutions applying its Groupwide products, technologies and services ･ Collaboration will spur development of hydrogen-related technologies and create new industrial opportunities, driving forward South Australia’s decarbonization programs Tokyo, October 13, 2022 – Mitsubishi Heavy Industries, Ltd. (MHI) signed a Statement of Cooperation on October 10 with the State Government of South Australia aimed at accelerating development of the local hydrogen industry. By proposing diverse solutions incorporating its Groupwide products, technologies and services, MHI looks to collaborate with South Australia in the state’s transition to clean energy and development of a hydrogen economy. The Statement of Cooperation was signed by The Hon Peter Malinauskas MP, Premier of South Australia, and MHI Senior Vice…

  Mitsubishi Heavy Industries, Ltd. (MHI) has been selected again this year for inclusion in the Asia Pacific Index of the Dow Jones Sustainability Index (DJSI), one of the world’s leading investment indices for ESG (environmental, social, and governance) performance. This is the fifth consecutive year that MHI has been included in the index, beginning in 2017. The inclusion reflects recognition of MHI’s initiatives in the ESG field, and the quality of the disclosure represented in its reports. The DJSI was developed in 1999 by the U.S. firm S&P Dow Jones and the Swiss investment advisory company RobecoSAM. Listed companies around the world, based on long-term shareholder value, are assessed in terms of their overall economic, environmental and social criteria, with those determined to have exceptional sustainability selected for inclusion in the index. MHI was one of 153 companies selected for the 2021 index (of which 77 were Japanese companies),…

  The high-efficiency chillers with low environmental impact will help expand Marina Bay’s district cooling system, which will service 28 buildings by 2026. High confidence in MHI Group’s technologies and after-sales servicing, chillers’ environmental and economic performance, and excellent delivery record led to the order. Tokyo, October 4, 2022 – Mitsubishi Heavy Industries (MHI) Group companies – Mitsubishi Heavy Industries Thermal Systems, Ltd. (MHI Thermal Systems) and Mitsubishi Heavy Industries Asia Pacific Pte. Ltd. (MHI-AP) – have jointly delivered two large-capacity centrifugal chillers for a large-scale district cooling system in Singapore’s Marina Bay as part of plans to expand the system. The two chillers, offerings in the “GART series”, have a collective cooling capacity of 8,400 refrigeration tons (RT). and will bring the total number of centrifugal chillers provided by MHI Group to the Marina Bay area to 18. The GART-400PLS.SCF model centrifugal chillers each have a cooling capacity of…

Tokyo, July 13, 2022 – Mitsubishi Heavy Industries, Ltd. (MHI) has received an ESG Rating of “AA” from MSCI(Note) for the first time. The new 2022 rating represents an upgrade from the Company’s previous “A” rating, and it demonstrates the high assessment MSCI accords to MHI’s ESG initiatives. MSCI’s ESG Ratings are given in seven ranked grades in descending order from AAA to CCC, based on the firm’s analysis of a company’s initiatives relating to environmental, social and governance issues. MSCI’s ESG Ratings serve as a global index for making ESG investments. MHI is currently selected for inclusion in all four of the ESG investment indices used by Japan’s Government Pension Investment Fund (GPIF), which is the largest pension fund in the world: FTSE Blossom Japan Sector Relative Index, MSCI Japan ESG Select Leaders Index, MSCI Japan Empowering Women Index (WIN), and S&P/JPX Carbon Efficient Index. The Company is also…

Mitsubishi Heavy Industries Thermal Systems, Ltd. (MHI Thermal Systems), a part of Mitsubishi Heavy Industries (MHI) Group, has received commendations in two categories of the 2022 “Demand Side Management Awards” sponsored by the Heat Pump & Thermal Storage Technology Center of Japan (HPTCJ), an organization that promotes the adoption of heat pumps and thermal storage systems through presentation of awards recognizing especially outstanding technologies that contribute to power load leveling. The “MSV2” series of high-efficiency air-cooled heat pump chillers adopting an “e-3D scroll” compressor(Note1) received the HPTCJ Chairman’s Award in the Machinery & Equipment category, and the innovations in energy savings of the company’s factory heating and cooling system using an aquifer thermal energy storage (ATES) system(Note2) received the HPTCJ Promotion Award in the Integrated Systems category. The MSV2 heat pump chillers, which were launched in Japan’s domestic market to respond to increasing refrigeration load demand, were highly acclaimed by…

Mitsubishi Heavy Industries, Ltd. (MHI) has received a “Silver” rating in the 2022 sustainability assessment conducted by EcoVadis, an international evaluation organization based in France. This is the third consecutive time that MHI has received this rating, conferred to companies with an overall score in the top 25%. Amid the growing demands placed on companies to address the UN Sustainable Development Goals (SDGs) and other global social issues, this rating reflects a high regard for MHI Group’s initiatives in the four criteria categories of Environment, Labor & Human Rights, Ethics, and Sustainable Procurement. EcoVadis provides buyer companies with evaluation data on the sustainability measures of more than 85,000 companies from 200 industries in 160 countries via a global cloud-based platform. Many global companies refer to these ratings when selecting a supplier. Through this rating, MHI Group has been able to enhance its presence in global markets as a sustainable supplier.…

Mitsubishi Heavy Industries Thermal Systems, Ltd. (MHI Thermal Systems), a part of Mitsubishi Heavy Industries (MHI) Group, has won the Energy Conservation Center, Japan Chairman’s Award in “Best Practice Category” at the 2021 Energy Conservation Grand Prize sponsored by the Energy Conservation Center, Japan (ECCJ), with support from Ministry of Economy, Trade and Industry (METI). This award was presented for measures relating to energy savings from a factory heating and cooling system utilizing an aquifer(Note1) thermal energy storage (ATES) system. The use of underground water stored in aquifers as a source of heat for heating and cooling systems is highly regarded for its energy conservation potential, environmental performance, and other benefits. This is the first time MHI Thermal Systems has received an award in Best Practices Category. The initiative recognized with this reward is the introduction of an ATES system that takes advantage of the unutilized energy of 700kw in geothermal…

  Mitsubishi Heavy Industries, Ltd. (MHI) has been selected again this year for inclusion in the Asia Pacific Index of the Dow Jones Sustainability Index (DJSI), one of the world’s leading investment indices for ESG (environmental, social, and governance) performance. This is the fifth consecutive year that MHI has been included in the index, beginning in 2017. The inclusion reflects recognition of MHI’s initiatives in the ESG field, and the quality of the disclosure represented in its reports. The DJSI was developed in 1999 by the U.S. firm S&P Dow Jones and the Swiss investment advisory company RobecoSAM. Listed companies around the world, based on long-term shareholder value, are assessed in terms of their overall economic, environmental and social criteria, with those determined to have exceptional sustainability selected for inclusion in the index. MHI was one of 153 companies selected for the 2021 index (of which 77 were Japanese companies),…

Mitsubishi Heavy Industries, Ltd. (MHI) today has strengthened its commitment to realizing a Carbon Neutrality by setting two ambitious new targets with Mission Net Zero. First, MHI Group is aiming to remove all carbon dioxide (CO2) emissions from its own operations by 2040. As an interim step and in line with MHI’s commitment to addressing climate change, CO2 emissions from its own business activities will be cut in half by 2030 (compared to 2014). These targets include the CO2 emissions emitted throughout its operations. MHI Group will work on decarbonizing its factories by implementing the technologies it has developed in its own facilities and further advancing energy conservation. Second, MHI is adopting a new goal to achieve Net Zero emissions through its entire value chain by 2040. It will aim to halve them by 2030 (compared to 2019). These targets include the reduction in emissions attributed to our customers’ use…