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Mitsui OSK Lines 2011 Annual Report and 2012 Web Pages

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To learn more about how we score, what topics are considered in the evaluation, and what score we assigned in each topic, click here: View the completed PSI scoring sheet

Analyst Comments
The Mitsui OSK Lines 2011 annual report, web pages, and corporate profile provide considerable, yet not comprehensive insight into the company’s environmental and social activitie. Mitsui OLK Lines (MOL) places an impressive emphasis on the development of environmentally friendly technologies. The ISHIN project is MOL’s ambitious plan to develop a highly efficient fleet that utilizes renewable energy to supplement traditional fuels such as diesel. For example, the car carrier that MOL has designed for future commission will produce 41-50% less CO2 emissions than the current vessels in use today. Similar numbers have been projected for several different varieties of MOL transport ships. However, MOL’s CSR activities need improvement. There is no designated department of the company with explicitly identified leadership to manage environmental issues. This lack of structure is evidenced by the absence of reported environmental figures such as waste production, energy use, water use, and many other important statistics. MOL does keep close tabs on carbon dioxide production, but should provide information on a much broader range of topics including information recorded from previous years. One of MOL’s notable social initiatives is its participation in a plan to provide wheelchairs for disabled children in Paraguay. MOL shipped two 40-foot containers full of wheelchairs to allow children to leave the confines of their houses to venture outdoors and experience a more complete childhood. MOL worked in conjunction with the nonprofit FUNDACIÓN TELETON which purchased and distributed the wheelchairs, and Paraguay officially expressed its gratitude to MOL for its generosity. Still, MOL needs to be more aggressive in denouncing and combating poor social practices. The company gives no or very little indication of any initiatives it has taken to avoid such acts as discrimination based on age, gender, race, or disability; the degrading treatment of its employees; the use of forced or child labor; and several other socially unacceptable practices. MOL needs to highlight any initiatives it has taken in the pursuit of advancing society within the company. Analyzed by Chad Redman, and posted to the web on 2/23/2012.

Company Description

Overall Scores

The letter grades reported below are based on all reports irrespective of year of the same sector in the database and may be slightly different from the grades in the individual sector reports, which are based on scores of companies in just that report.

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