Long-Term Environmental Vision and Environment 2029V

Under the Sumitomo Spirit, the Sumitomo Riko Group is united in its efforts to become a "Global Excellent Manufacturing Company" in accordance with its corporate philosophy: "Strive to protect the global environment and to contribute to creating better communities."
In recent years, the global push towards decarbonization has accelerated significantly, with various countries and companies committing to carbon neutrality by 2050. In this context, the Sumitomo Riko Group is actively tackling environmental issues as a key challenge, supporting the Task Force on Climate-related Financial Disclosures (TCFD) and securing approval from the Science Based Targets initiative (SBTi) for the science-based targets set by our parent company, Sumitomo Electric Group. We are committed to promoting information disclosure and environmental initiatives based on global standards to achieve carbon neutrality by 2050.
In addition to climate change, global environmental issues such as water risks, resource depletion, plastic waste, and biodiversity loss are becoming increasingly severe and are recognized as significant challenges by the international community. In response to these issues, efforts to address the Sustainable Development Goals (SDGs), implement a circular economy, and conserve biodiversity are rapidly accelerating worldwide.
In light of the rapid environmental changes we are experiencing, we aim to contribute to a sustainable society while pursuing sustainable development as a business. To achieve this, maintaining a long-term perspective and responding to global trends are crucial as we continuously provide valuable offerings. To guide our efforts, we have established the Sumitomo Riko Long-Term Environmental Vision 2050. Additionally, by backcasting from this vision, we formulated the Environment 2029V  in April 2023.

As the world faces various environmental challenges, we envision a sustainable future society where safety and comfort are realized for people around the globe. In preparing our Long-Term Environmental Vision 2050, we undertook a review of our company’s materiality, identifying key themes: creating a decarbonized society, fostering a resource-recycling society, and promoting a society in harmony with nature. With these foundations in mind, we have defined our long-term vision with the slogan, “Toward a future where everyone can enjoy a comfortable life.”

The Sumitomo Riko Group has set a medium-term environmental goal, Environment 2029V, to achieve the ideal state outlined in our long-term vision. We are committed to contributing to the creation of a decarbonized society, a resource-recycling society, and a society in harmony with nature, while minimizing our environmental impact and pursuing business growth alongside the creation of new value.

Key Issue	Environment 2029V Action Goals	Environment 2029V Numerical Targets
Contribution to a Decarbonizing Society	Reduce greenhouse gas (GHG) emissions	Scope 1+2: 30% reduction in CO2 emissions (compared to FY2018)
		Scope 3: 15% reduction in CO2 emissions (compared to FY2018)
	Increase efficiency of energy use	10% reduction in energy intensity per sales (compared to FY2022)
	Promote the adoption of renewable energy	2.5% increase in renewable electricity ratio (compared to FY2022)
Contribution to a Resource-Recycling Society	Reduce waste	7% reduction in waste intensity per sales (compared to FY2022)
	Minimize waste	Waste rate: 4% or less
	Promote the use of sustainable materials	Sustainable material ratio: 20% or more
	Minimize water consumption	10% reduction in water withdrawal (compared to FY2022)
Contribution to a Society in Harmony with Nature	Promote visualization and reduction of the environmental impact on ecosystems in the areas surrounding the company	Establishment of impact assessment methods for various environmental aspects, including local biodiversity, and disclosure of relevant information
	Minimize environmental risks	Environmental incidents: Zero cases of serious accidents, violations of laws, or complaints

To ensure we achieve our medium-term environmental goal, Environment 2029V, we have developed a three-year action plan, Environment 2025P. This plan takes into account our backcasting from 2029V  and the ongoing challenges associated with our previous environmental goal, Environment 2022V.

Key Issue	Environment 2025P Action Goals	Environment 2025P Numerical Targets
Contribution to a Decarbonizing Society	Reduce our own GHG emissions (Scope 1+2) Formulate plans to reduce supply chain GHG emissions (Scope 3)	20% reduction in Scope 1+2 CO2 emissions (compared to FY2018)
Contribution to a Resource-Recycling Society	Continue waste reduction efforts through recycling	3% reduction in waste intensity per sales (compared to FY2022)