Matching fund has donated 1.2billion yen in a quarter-century
Electric Corporation (TOKYO:6503) announced today that the
Mitsubishi Electric SOCIO-ROOTS Fund, a charitable in-house undertaking
through which the company matches employee donations, will celebrate its
25th anniversary this April. Since its establishment, the fund has
donated a cumulative 1.2 billion yen, or roughly US$ 12 million, in
cumulative donations, to about 1,900 social-welfare organizations in
Japan. To celebrate its 25th anniversary, the fund will conduct
commemorative fundraising activities covering all Mitsubishi Electric
business locations during the fiscal year that starts in this April.
The Mitsubishi Electric SOCIO-ROOTS Fund was established in April 1992
to support employee donations to worthy causes in society. Open to all
company personnel in Japan, the program encourages employees nationwide
to contribute to activities rooted in local communities.
At the request of employees, donations have supported victims of several
natural disasters in Japan, including the 2004 Chuetsu Earthquake, the
2011 Great East Japan Earthquake and the 2014 Hiroshima landslide
disaster. Most recently, more than 62.8 million yen has been donated to
help victims of the 2016 Kumamoto earthquakes. Support for recovery
initiatives following the 2011 Great East Japan Earthquake has included
ongoing donations to organizations that provide mental health services
to children who lost loved ones and safe playgrounds to replace parks
and schoolyards that have been repurposed for temporary housing and
other uses. Cumulative donations to such organizations will reach 133
million yen, or roughly US$ 1.3 million, in the current fiscal year that
ends this March.
The SOCIO-ROOTS Fund has become Mitsubishi Electric’s signature
initiative in the field of social welfare. Going forward, the fund aims
to support worthy causes aligned with evolving trends in global society,
such as the Sustainable Development Goals adopted by the UN General
Assembly held in September 2015.
The full document on Mitsubishi Electric’s financial results can be
accessed at the following link: www.MitsubishiElectric.com/news