Mitsui : to join Battery Association for Supply Chain

Mitsui & Co., Ltd. ('Mitsui', Head Office: Tokyo, President and Chief Executive Officer: Tatsuo Yasunaga) has decided to join the Battery Association for Supply Chain ('BASC', Chairman: Isao Abe, Executive Officer at Sumitomo Metal Mining Co.). BASC is a new group being formed to strengthen international supply chain competitiveness associated with battery raw materials and parts and will be established as a general incorporated association on April 1, 2021.

Growth in market scale is expected for the battery industry to realize a decarbonized society and electrification in countries and regions worldwide. BASC will tackle issues including creation of international lithium standards and rulemaking to a battery ecosystem, and we believe it will contribute to enhancing Mitsui's business creation and industry competitiveness.

In the Medium-term Management Plan 2023, Mitsui set 'Sustainability management; Evolution of ESG' as one of its corporate strategies, and net-zero emissions as our vision for 2050. The creation of a battery supply chain is one concrete policy to realize our 2050 vision, and Mitsui will work together with BASC to realize a carbon-free society.

BASC Overview

Name	Battery Association for Supply Chain (BASC)
Organization type	General incorporated association
To be established	April 1, 2021
Purpose	Sound development of the battery supply chain
Members	Approximately 30 battery supply chain companies (as of establishment)