MHI Included in Dow Jones Sustainability Asia Pacific Index for Sixth Consecutive Year -- Selection Based on ESG Investment Criteria --

Tokyo, December 28, 2022 – 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. The Company scored an overall ranking in the 98th percentile within its industry(Note), in reflection of its initiatives in the ESG field and the quality of the disclosure represented in its ESG DATABOOK and other reports. This is the sixth consecutive year that MHI has been included in the index, beginning in 2017.

The DJSI was developed in 1999 by the U.S. firm S&P Dow Jones Indices 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 156 companies selected for the 2022 index (of which 74 were Japanese companies), from a total of around 600 major companies in the Asia-Pacific region.

In addition to the DJSI, MHI has been included in all five ESG indices adopted by Japan’s Government Pension Investment Fund (GPIF), the world’s largest pension fund: the FTSE Blossom Japan Index, 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.

MHI proactively implements a diverse range of ESG measures toward realizing a sustainable society, including reducing the environmental load from its own and its customers’ operations, promoting diversity, and strengthening corporate governance and disclosure. In October 2021, MHI established a new “Materiality Council” and “Sustainability Committee,” strengthening its sustainability management structure in response to calls from the international community, investors and other stakeholders for greater environmental, social and economic sustainability from the corporate sector.

Going forward, MHI will continue to draw on ceaseless innovation and industry-leading products and technologies with the dual aims of realizing a sustainable society and enhancing its enterprise value over the longer term.

• Relative rank above the industry’s lowest-scoring member