Sumitomo Riko Group 2022 Vision and SDGs

Sumitomo Riko Group 2022 Vision and SDGs
Shareholders and Investors, Customers, Suppliers and Other Trade Partners, Employees, Local Communities, Global Environment

Aspiring to become a "Global Excellent Manufacturing Company," that is, "a corporation that contributes to safety, comfort, and the environment for people, society, and the Earth," the Sumitomo Riko Group strategically revised the mid-term management vision formulated in 2016 (2020V) and announced the Sumitomo Riko Group 2022 Vision (2022V) in May 2018.

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The Sumitomo Riko Group positions the creation of social value through enhancement of corporate value and public value as the fundamental premise of 2022V.

Specifically, our mission is twofold.

  • Based on the Sumitomo Spirit, through technological innovation, strive to resolve the issues facing society, as embodied in the SDGs and other initiatives.
  • By enhancing corporate value (financial objectives) and public value (non-financial objectives) simultaneously, create social value and achieve sustainable growth together with society.

Contribution to Achievement of SDGs

SDGs agreed upon by all UN member states are universal goals to be achieved by 2030 to realize sustainable societies in which "no one will be left behind." Based on the Sumitomo Spirit, the basis of Sumitomo Riko Group's management philosophy, we will work to solve these social issues through our business activities. Anticipating the vision of future possibilities, we will tackle new business and continue our efforts to create social value.

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2022V Public Value (Non-financial Objectives)

The non-financial objectives mainly concern environmental and social issues in order to enhance public value through business activities by addressing social issues represented by SDGs. We manage and promote initiatives based on 10 items, including items to be monitored. The progress in fiscal 2019 toward the objectives is reported below.

FY2022 objectives and progress in FY2020
ItemsObjectives Progress in FY2020
EnvironmentCO2 reduction8% reduction
(ratio compared with discharge rate in 2017)
0.2% increase
Affected by reduced production and sales due to the spread of the new coronavirus. Emission intensity worsened due to insufficient reduction of fixed energy generated regardless of production. Click here for details..
Waste reduction5% reduction
(ratio compared with discharge rate in 2017)
7.1% reduction
Exceeded the target despite the decline in sales by making steady progress in reducing defects, improving yields, and reusing (making valuable) unvulcanized rubber. Click here for details..
SocietyFrequency rate of all occupational accidentsZero occupational accidentFrequency rate of all industrial accidents: 0.61
We are promoting the creation of safe personnel and facilities through safety dialogues and patrols by the president and other managers and supervisors, and the enhancement of global safety standards. Click here for details..
Compliance trainingParticipation rate of global executive training shall be 100%Participation rate: 100%
Domestic: All 687 members in the Compliance Review Day and Compliance Leaders Meeting members participated. Overseas: All 792 members in the Compliance Review Day and Compliance Leaders Meeting participated. Click here for details..

※We have decided to exclude water risk from the 2022V target, judging that there is no short-term risk based on the progress in recycling of wastewater and risk analysis.

Monitoring items
Items
SocietyRatio of female managers
Ratio of base managers hired locally
Promotion of CSR procurement
Social contribution activities
Job creation in emerging countries

SUMITOMO RIKO COMPANY LIMITED.

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