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"We are committed to providing the utmost driving pleasure and safety for our valued customers
and our community. On these commitments we will never compromise. This is the Mitsubishi
Motors way.
What are Mitsubishi’s core principles?
Mitsubishi has 3 very simplistic and important core principles that they promise follow. These
are:
Corporate Responsibility to Society - Strive to enrich Society, both materially and
spiritually, while contributing towards the preservation of the global environment.
Integrity and Fairness - Maintain principles of transparency and openness conducting
business with integrity and fairness.
International Understanding through Trade - Expand business, based on all
encompassing global perspective.
These core principles are the goal of all their products and services and are worked towards in
all of the activities throughout the company.
Mitsubishi’s basic policy is that every officer and employees of the Mitsubishi Corporation are
required to respect all laws, rules and regulations of the applicable country of where they
operate, of international standards and of the internal company. In addition they are also
required to execute all activities in a socially responsible manner and uphold the highest ethical
standard in the conduct of business.
1. Respect human rights, and do not discriminate on any basis, and engage in any
form of harassment
Discrimination on the grounds of any subject such as race, color, creed, religion, gender,
nationality or regional origin, age, or disability will not be tolerated at any extent. In
addition Employees should understand the basic human rights and recognize that they
apply and should respect foreign culture, customs and languages whether in the
workplace or within business operations and to never interact in the form of sexual
harassment.
Employees are expected and required to obey all treaties, laws and regulations in
relation to the environment and to protect the overall wellness of humans and the
environment. This is to be accomplished by promoting sustainable development and to
consume resources as energy efficient as possible and to attempt to reduce and recycle
all waste that is produced.
3. Promote fair business practices and comply with trade rules, regulations, and
internal cooperate rules and policies.
Mitsubishi expects all workers to obey the laws and regulations that cover commodity
and the service industry. More specifically in regards to illegal trading that includes the
fixing or maintaining prices in the market which would otherwise restrain competition in
any field of trade. It also requires workers to complete the necessary procedures and to
acquire the required permissions in order to complete an objective.
5. Protect and properly use confidential and proprietary information, protect the
right of the company and respect rights of others.
Do not buy or sell your companies, or any other companies securities while in
possession of information that has not been publically released until a time when that
information has been publically released.
7. Avoid conflicts of interest within the company: and maintain a distinction between
corporate and private business.
This requires employees not to use any company assets, resources and information for
any unauthorized business or personal gain. This also implies that you are not to be
employed at another company without the knowing and approval of the company’s prior
approval. And if the occasion is to arise that termination from the company is to be
completed that you are to return all of its assets you possess both material and non-
material. Finally you are not to perform person activities within the workplace without
approval or with the exception that the activity is socially and generally accepted as a
workplace activity in the country.
8. Record and report accounting and financial information timely and accurately.
Do not record false accounting and financial information as to mislead others or create
off-the-book assets and/or liabilities and employees are to be punctual with expenses
and revenue information as well as the information of credit and debt to be as accurate
as possible.
9. Maintain proper legal and ethical standards with respect to gifts and
entertainment.
Do not comply with demands or requests that are unfair with a known company that
participates in unlawful activities that violate the commercial code, and to be aware of
and to avoid contact with organizations of such kind, in addition do not knowingly or
unwittingly participate in acts of terrorism, drug dealing, money laundering or other
criminal activities, and take the necessary steps as to avoid the company becoming
involved with such activities.
11. Promptly report to or consult the superiors, the group compliance officers, the
domestic branch compliance officers, the foreign regional compliance officers,
the relevant departments, the secretariat for the compliance committee, or the
outside counsel in charge of compliance, upon discovering or committing any
violations of this “code of conduct”.
This also requires compliance with company investigations of violations, and the
disclosure of the subordinate’s name who provided the information for the violation, and
secure that that person is not to suffer any disadvantages as a result of the disclosure of
information given. And if a consulted personal is experiencing disadvantages due to the
disclosure of information it is to be reported to the secretariat for the compliance
committee.
Cooperate Standards of Conduct
6. Contribution to Society
As a responsible member of society, Mitsubishi Corporation will actively carry
out philanthropic programs in an effort to promote the enrichment of society.
Moreover, the company will support efforts of its employees to contribute to
society.
Mitsubishi Policies
Forced Labour
The Suppliers of Mitsubishi are required that their employees are not subject to forced labour or
bonded labour and that they perform their job of their own free will.
Child Labour
Mitsubishi requires it suppliers not to have employees that are under the legal working age of
the country where their business takes place.
Harassment/abuse
Harassment and or abuse is not tolerated in way or form at any level of the cooperation and that
there has to be respect for employees and human rights, and that the suppliers are t follow
these same guidelines.
Discrimination
Mitsubishi strives to make certain that there are equal opportunities in the workplace and
prohibits discrimination of any type in all regards and that the suppliers to the company do not
violate this policy as well.
Environment
All employees of Mitsubishi and the suppliers of Mitsubishi are to protect and respect the
environment as well as to consider the impact that their activities will have upon it and on local
communities and ecosystems.
Hours of work/overtime
Mitsubishi and its suppliers are required to ensure that employees working hours and breaks
are appropriately used and monitors so that there are no infringement upon any statutory
regulations.
Unethical behavior of Mitsubishi
Safety Scandal Shames Mitsubishi
In 2004 authorities seized documents from Mitsubishi offices and found evidence that produced
one of the largest corporate scandals in Japan. The evidence found indicated since the 1980’s
Mitsubishi Motors have systematically hidden defects in over 800,000 automobiles. These
automobiles were distributed all across the eastern hemisphere in Japan, Europe and other
parts of Asia, but they deny that any were sent to the United States. These defects include
defective axles, clutches, brakes and many more; many of which resulted in several injuries and
deaths due to accidents.
After the collection of all the evidence of the cover-up scandal Mitsubishi was to be fined $1.8
million dollars for their misconduct. Although Mitsubishi was exempt from paying higher fines
because the initial cover-up of the defects took place before the new laws prohibiting it were
enacted.
Since the allegations Mitsubishi have ruined their reputation and have lost a large portion of
their sales due to the scandal tarnishing their reputation as automobile company. Mitsubishi
Motors executive Yoichiro Okazaki apologized for the trouble and concern that was caused, and
stated "The challenge now is if we can continue to exist as an automaker." Mitsubishi was
forced to cut all salaries by 5% and to terminate 11,000 jobs worldwide due to their loss of
money, and lost a deal with DaimlerChrysler that was estimated to have a 1.8 billion dollar
lifeline. Luckily The Mitsubishi Group, a collection of over 2 dozen companies worldwide, gave
them a $2.6 billion aid package and encouraged its employees to buy Mitsubishi Motors
automobiles in order for them to avoid Bankruptcy. Mitsubishi is still a international company but
they have lost much of their respect since these allegations.
Phase 2
1. Brief description what makes Mitsubishi Socially
Responsible
One of the chief objectives of Mitsubishi is to be socially responsible as stated in
their CSR policy. A recent example of this is the Mitsubishi Corporation donating one
million dollars towards environmental causes. These corporations would include
Amazon Conservation Association, Audubon, E+Co, Fundación Natura, Tierra Nativa
and Wild Salmon Center. In addition to the donations Mitsubishi provides they are also
established in Social Responsible Investment (SRI) Indices and are Inclusion in SRI
Funds. They have earned this based on its solid reputation for its CSR Initiatives and
transparency in disclosed information. Mitsubishi believes and practices human rights as
one of their main CSR policies and believe in the Universal Declaration of Human
Rights, International Labour Standards which is based on the principle that peace can be
obtained only if it is based on social justice, upholding indigenous peoples’ rights, and
voluntary principles on security and human rights
4. New activity
A new activity that can be implements by Mitsubishi that is socially responsible
and correlates with their overall business strategy is to start a program for planting trees.
This correlates with Mitsubishi’s strategy of protecting and respecting the environment
and by planting trees they are helping grow the environment, clean the air and show that
they actually do care for the earth. Since Mitsubishi is an automobile manufacture they
are the source of much pollution that is release into the air, and therefore by planting
trees it would counteract some of the damage that the emissions are causing towards
the environment. Mitsubishi also say that they care very much for the environment so
this is one of the ways they can show it besides reducing emissions from their
automobiles. Mitsubishi Motors is one of the oldest manufactures and therefore have
produce a large portion of the emission into the atmosphere so it also shows that they
are taking responsibility for what they have cause the world both in the past and in the
present showing social responsibility to the world, which is one of their goals as a
company.
5. Evaluation of company’s social performance
Score 16/20
Ranking System
1. Does not meet 2. Meets some of 3. Meets the criteria 4. Meets the
criteria the criteria criteria and more
6. a) Analysis of company’s social performance with
respect to a social responsibility strategy.
http://www.mitsubishicorp.com/jp/en/about/philosophy/pdf/conduct100624
e.pdf
http://www.mitsubishi.com/e/history/index.html
http://www.mitsubishi.com/e/group/about.html
http://www.mitsubishi-motors.ca/en/about/
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motors.com/corporate/environment/report/e/pdf/2002/2002e_03.pdf
http://global.mitsubishielectric.com/company/csr/policy/compliance/index.
html
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r_policy.pdf
http://www.mitsubishicorp.com/jp/en/csr/management/supplychain.html
http://www.autosafety.org/safety-scandal-shames-mitsubishi
http://www.csrwire.com/press_releases/31204-Mitsubishi-Corporation-
Foundation-for-the-Americas-Dedicates-1-Million-for-Environmental-
Causes