Mitsui O.S.K. Lines (MOL Group) has launched Phase 2 of its group management plan: ‘BLUE ACTION 2035’ effective April 1.
In Phase 2, the focus of group management will shift from ‘Transformation and Expansion’ to ‘Value Realisation’. Building on the investments made in Phase 1 and leveraging the competitive strengths of the group, MOL will further enhance its earning power by elevating the quality of its business portfolio. It will also strive to ensure balanced capital allocation and to build a solid management foundation. Even amid increasing uncertainty in the business environment, all companies across the group will work together to steadily execute the action plans set forth in this management plan, thereby enhancing corporate value through the integrated creation of economic value and social value.
BLUE ACTION 2035 integrates MOL’s management plan with its sustainability initiatives to achieve sustainable growth based on long term strategies. In Phase 2, MOL will advance this approach by embedding ‘Sustainability Issues’ (materiality) and governance into the management plan itself as core elements of its management foundation. This will enable the group to create economic and social value in an integrated manner and enhance corporate value. Guided by MOL CHARTS – the group’s corporate philosophy, values, and code of conduct – MOL will promote BLUE ACTION 2035 and connect these efforts to the realisation of the Group Vision.
In Phase 2 the MOL Group will establish three priority themes:
Enhancing Earning Power: Strengthen each business and enhance the group-wide earning power by collaboration
- Ensuring solid returns on investment
- Creating synergies across businesses and regions
- Taking disciplined risk-taking in market-exposed businesses
Balanced Capital Allocation: Enhance capital efficiency through disciplined growth investments, financial soundness, and shareholder returns
- Balancing investment with financial soundness
- Strengthening shareholder returns (greater continuity and predictability)
- Promoting asset recycling
Building a Solid Management Foundation: Strengthening the foundation for sustainable business growth through sustainability issues (materiality) and enhanced governance
- Maximising the strengths of people and organisations that underpin the business
- Driving business transformation through the digitalisation and AI adoption (structural improvements that enhance both earning power and efficiency)
MOL has also revised its core KPIs upwards from the initial plan. It has also reviewed its Sustainability Issues (materiality) and organised them to focus on those that make a greater contribution to the creation of economic and social value. It also updated the four thematic visions linked to each issue: Environment, Safety, Human Capital, and Digital Transformation.
Going forward, MOL will drive initiatives to address these Sustainability Issues, using the KPIs and actions defined under each vision as a foundation, thereby further strengthening its management foundation.
