Compliance
Mitsubishi Power EMEA consists of Mitsubishi Power EMEA, Ltd. and MPE Deutschland GmbH (formerly known as Mitsubishi Power Europe GmbH) and their branches and subsidiaries.
Compliance within our Group:
It is the objective of Mitsubishi Power EMEA to conduct all business relations in an ethical and professional manner. This includes compliance with legal and internal regulations, avoiding conflicts of interest and protecting the company's assets and reputation. The company always takes into account customs, traditions and social values of the countries where it does business. Misconduct and workarounds are not in the interest of the company and will not be tolerated.
Code of Conduct:
The Code of Conduct contains important rules of behavior which help answering ethical and legal questions in daily business and in strategic decision-making processes.
In April 2015 the Mitsubishi Heavy Industries (MHI) Board of Directors adopted a global policy detailing their Code of Conduct. As a global company, MHI employs thousands of individuals from different backgrounds, nationalities and cultures. This diversity of talent and perspectives is one of our greatest assets. At the same time, however, MHI as a company must operate with a single corporate culture that enables it to compete successfully in the global market while maintaining its reputation as a company of high integrity and ethics. The Code of Conduct describes how MHI group companies and employees should conduct themselves.
As group companies of MHI, Mitsubishi Power EMEA (including its branches and subsidiaries), have formally adopted the MHI Group Global Code of Conduct. Please click on the link below to access the Code of Conduct:
Modern Slavery and Human Trafficking Statement:
Please click on the link below to view the Mitsubishi Power EMEA, Ltd. Group Modern Slavery and Human Trafficking Statement for the financial year ending 31 March 2024 pursuant to section 53 of the UK Modern Slavery Act 2015.
This statement has been approved by the Board of Directors of Mitsubishi Power EMEA.
Modern Slavery Statement for year ended 31.03.25_SIGNED.pdf (1.65 MB) Modern Slavery Statement for year ended 31.03.24_SIGNED.pdf (936 KB) Modern Slavery Statement for year ended 31.03.23_SIGNED_0.pdf (1.67 MB)
Compliance Office and Whistleblowing:
Mitsubishi Power EMEA is committed to conducting its business with honesty and integrity and expects all staff to maintain high standards.
Compliance infringements may harm the company therefore we encourage staff and other stakeholders to report suspected wrong doing in a timely manner. Whistleblowers should be aware that concerns will be taken seriously and investigated appropriately in confidence. Early awareness of potential issues allows us to take appropriate corrective actions and mitigate the risks for the company, our employees and other stakeholders.
If you have a genuine concern or question regarding Compliance at Mitsubishi Power EMEA, we encourage you to contact the persons in charge by using the email addresses below:
Louise Foster, Senior Manager Internal Control and Compliance
Mitsubishi Power EMEA Ltd.
or
All incoming messages, documents and conversations will be treated strictly confidential.
The whistleblower does not need to fear any sanctions due to disclosure of information, as long as she / he acted in good faith. This shall not apply if knowingly false information is being submitted.
Mitsubishi Power EMEA, Ltd. Tax Strategy Introduction
Mitsubishi Power EMEA, Ltd. is the head of the Mitsubishi Power European business group.
Mitsubishi Power EMEA is a 100% subsidiary of Mitsubishi Heavy Industries, Ltd. in Japan.
The principal activity of Mitsubishi Power EMEA is the provision of after-sales service of power generation equipment and systems in relation to customers with conventional and gas power plants in Europe, the Middle East and Africa (EMEA) to ensure optimum reliability and operation of their plants. The Company’s advanced technology provides industry leading levels of reliability, performance and efficiency, contributing to the continued decarbonization of energy supplies.
Risk management and governance arrangements
We identify and manage tax risks appropriately. We implement measures including controls over compliance processes and monitor their effectiveness.
Tax risk is managed through Mitsubishi Power EMEA’s internal policies & processes. Where necessary, we seek advice and support from external advisors.
The tax affairs of the EMEA group are managed by appropriately qualified personnel led by the Head of Tax reporting to the Chief Financial Officer (CFO). They are suitably qualified for the roles they perform and as necessary we support any training requirements.
Tax controls are in place to mitigate tax risks. An example of this is the preparation and review of tax returns by internal and external parties. We use appropriate software to complete tax returns.
On any significant areas of tax risk/uncertainty, board members including the EMEA CFO are involved in the decision making process.
Level of tax risk
Mitsubishi Power EMEA takes a low tax risk approach to manage its commercial business in the EMEA region.
Mitsubishi Power EMEA does not engage in any tax efficient planning without commercial substance or tax planning that may entail material tax risks. This approach is communicated and widely understood by the business.
Attitude to tax planning
Mitsubishi Power EMEA does not engage in artificial tax arrangements. Mitsubishi Power EMEA adheres to relevant tax law and seeks to minimize the risk of tax uncertainty or tax disputes.
Mitsubishi Power EMEA manages risks to ensure compliance with legal requirements in a manner which ensures payment of the right amount of tax.
Relationship with tax authorities
It is Mitsubishi Power EMEA's general approach to seek to maintain transparent and open relationship with UK tax authorities & other tax authorities in the EMEA region.
We submit tax returns according to statutory time limits and engage with tax authorities where appropriate.
Mitsubishi Power EMEA is committed to prompt disclosure and transparency in all tax matters with all tax authorities. We aim to work collaboratively with tax authorities to resolve any disputes.
Date Published: 03/12/2025
This Tax Strategy is published in compliance with the requirements of UK law under Schedule 19 of Finance Act 2016.