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 FY2019
ItemsObjectivesProgress in FY2019
EnvironmentCO2 reduction8% reduction
(ratio compared with discharge rate in 2017)
3.2% reduction due to introduction of renewables and promotion of energy-saving activities as well as improvement of the electricity conversion coefficient. For details, click here.
Waste reduction5% reduction
(ratio compared with discharge rate in 2017)
4.1% reduction. Reduction of defects, yield improvements, and recycling of unvulcanized rubber (recovery of valuable resources). For details, click here.
Addressing water riskDevelop wastewater recycling technologyReinforcement of initiatives for water risks from physical (water shortage), regulation, and reputation perspectives. For details, click here.
SocietyFrequency rate of all occupational accidentsZero occupational accidentFrequency rate of all occupational accidents: 0.78 Safety dialogue and patrolling by the President and other supervisors in charge of management, promotion of safety initiatives through enhancement of global safety standards, and audit. For details, click here.
Compliance trainingParticipation rate of global executive training shall be 100%Participation rate: 100%
- Japan: Participation in compliance leader training sessions by all 319 target employees.
- Overseas: Participation in group global compliance training sessions by all 772 target employees.
For details, click here.
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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