This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. But it is subject to change as our understanding of the facts evolves.
Mitsubishi Motors Corporation manufactures and sells passenger vehicles, with a product lineup heavily weighted toward internal combustion engine (ICE) models. The company's 2025 Sustainability Report shows that battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs) accounted for only 3.3% of its global unit sales in fiscal year 2024. The vast majority of its sales—and therefore its Scope 3 emissions from sold products—come from gasoline and diesel-powered cars and SUVs. The company's stated climate targets lack the ambition and pace required to align with the automotive industry's necessary transition. Its "Challenge 2030" goal aims for a 40% reduction in Scope 1 and 2 emissions by 2030 compared to a 2019 baseline, but this excludes the critical Scope 3 emissions from vehicle use, which constitute the overwhelming majority of an automaker's carbon footprint. Mitsubishi Motors has not committed to a science-based net-zero target or set a specific date for phasing out ICE vehicle production.
Mitsubishi Motors is a global automaker whose decarbonization efforts lag significantly behind its peers. Greenpeace East Asia's 2023 Auto Environmental Guide assessed 15 major automakers on their climate transition plans and ranked Mitsubishi Motors last. The company's 2035 target for 100% zero-emission vehicle sales is among the weakest in the industry, trailing the leaders by a decade or more. Its current electric vehicle sales mix is minimal, and it lacks a clear, public commitment to phase out internal combustion engine vehicle production entirely.
The company's disclosed climate strategy lacks the specificity and ambition required to align with a 1.5°C pathway. It has not set a science-based target for reducing its Scope 3 emissions from sold products, which constitute the vast majority of its carbon footprint. While some competitors have announced binding phase-out dates for fossil fuel vehicles and detailed supply chain decarbonization plans, Mitsubishi Motors' public roadmap remains vague on these critical fronts. This absence of a credible, time-bound transition plan constitutes climate policy intransigence within a sector that is a major contributor to global emissions.
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Companies appear on our exclusion list based on our investment judgment — not because they've done anything illegal. This is a difference of values and opinion, not an accusation of wrongdoing. Exclusion does not constitute a recommendation against investing in any company, and absence from the list does not constitute a recommendation to invest.
This information is provided for educational and transparency purposes only and should not be relied upon as investment advice. Data is drawn from independent watchdogs, NGOs, government registries, and Ethical Capital's ongoing research — see Research Sources for the full list.
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