Japan Corporate News - JCN

Japan Corporate News - JCN

'Mitsubishi Motors Environment Initiative Program 2015' - Interim Targets for the 'Mitsubishi Motors Group Environmental Vision 2020'


Source: Japan Corporate News - JCN

Tokyo, Jan 20, 2011 - (JCN Newswire) - Mitsubishi Motors Corporation (MMC) is today announced the formulation of the 'Mitsubishi Motors Environment Initiative Program 2015,' a mid-term plan for the group's environmental initiatives. This program follows up on 'Environment Initiative Program 2010' and represents a guide for the company from FY2011 to FY2015. As well as being an action plan for the achievement of 'Mitsubishi Motors Group Environmental Vision 2020,' it is one of the key points of the new 'Jump 2013' mid-term business plan that was also announced today. The program will be pursued as one of the group's top priorities.

MMC launched the 'Environment Initiative Program 2010' in FY2006, and it spearheaded the development and commercialization a number of environment-friendly vehicles and technologies. Among the highlights where the launch of a new-generation electric vehicle 'i-MiEV', the launch of vehicles with clean diesel engines that meet the latest standards in Japan and Europe, as well as expanded usage of 'Green Plastic', based on the company's proprietary plant-based plastics technology. In production processes, the company has made great strides in preventing global warming and environmental pollution, including the introduction of new method of application to reduce drying energy in water-based painting lines.

In June 2009, the company formulated and published the 'Mitsubishi Motors Group Environmental Vision 2020' as its overarching guidelines for environmental initiatives. Among the goals to be achieved by 2020 are electric-powered vehicles (EV and PHEV) accounting for 20% or more of total production volume, (new) models' CO2 emissions to be reduced by 50% in comparison from FY2005 levels as a global average. The company also targets a reduction of at least 20% in CO2 emissions per vehicle in its production processes in comparison from FY2005.

'Environment Initiative Program 2015' sets interim targets for 2015 as a step along the way to achieving the 2020 targets. It calls for electric-powered vehicles to account for at least 5% of total production volume, thus helping the target of 25% reduction in CO2 emissions, and a reduction of 15% in CO2 emissions during production (all in comparison to FY2005 levels).

For further information and details, please see http://www.mitsubishi-motors.com/publish/pressrelease_en/index.html.

About Mitsubishi Motors

Mitsubishi Motors Corporation (TSE: 7211) was established in 1970 and is one of the few automobile companies in the world that produces a full line of automotive products ranging from 660-cc mini cars and passenger cars to commercial vehicles and heavy-duty trucks and buses. The company also operates consumer financing services and provides this to its customer base. For more information, please visit www.mitsubishi-motors.com .

Source: Mitsubishi Motors

Mitsubishi Motors
Public Relations Department

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