Long-Term Environmental Vision and Environment 2029V
Environment (E)
- Long-Term Environmental Vision and Environment 2029V
- Environmental Management
- Responding to Climate Change
- Responding to Water Risks
- Contributing to a Resource-Recycling Society
- Contributing to a Society in Harmony with Nature
- Appropriate Chemical Substance Management
- Environmental Communication
- Environmentally Friendly Products
Shareholders and Investors, Suppliers and Other Trade Partners, Employees, Global Environment
On the Formulation of the Environmental Vision
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 movement toward the realization of a decarbonized society has spread rapidly around the world, with many countries and companies declaring themselves "Carbon Neutral by 2050." The Sumitomo Riko Group is also working to address global environmental issues as a matter of urgent importance, and is promoting information disclosure and environmental activities on a global level toward "Carbon Neutral by 2050" by endorsing the TCFD and acquiring SBTi certification as the Sumitomo Electric Group.
Global environmental issues, including not only climate change but also water risk, resource depletion, plastic waste, and biodiversity loss, are becoming more serious and are recognized as important issues for the international community.
Against this backdrop, there is an accelerating global movement toward solutions to environmental issues, such as addressing the “Sustainable Development Goals (SDGs)” and “Carbon Neutrality,” realizing a “Circular Economy (circular economic system),” and working toward “Biodiversity Conservation. ”
In the midst of such drastic changes in the environment, we believe it is important to continue to provide abundant value while responding to global trends from a renewed long-term perspective in order to contribute to the realization of a sustainable society and to achieve sustainable development as a company.
Therefore, we have formulated the new "Sumitomo Riko Long-Term Environmental Vision 2050," which envisions the future in 2050, and have further formulated "Environment 2029V" in April 2023 by backcasting from this vision.
In recent years, the movement toward the realization of a decarbonized society has spread rapidly around the world, with many countries and companies declaring themselves "Carbon Neutral by 2050." The Sumitomo Riko Group is also working to address global environmental issues as a matter of urgent importance, and is promoting information disclosure and environmental activities on a global level toward "Carbon Neutral by 2050" by endorsing the TCFD and acquiring SBTi certification as the Sumitomo Electric Group.
Global environmental issues, including not only climate change but also water risk, resource depletion, plastic waste, and biodiversity loss, are becoming more serious and are recognized as important issues for the international community.
Against this backdrop, there is an accelerating global movement toward solutions to environmental issues, such as addressing the “Sustainable Development Goals (SDGs)” and “Carbon Neutrality,” realizing a “Circular Economy (circular economic system),” and working toward “Biodiversity Conservation. ”
In the midst of such drastic changes in the environment, we believe it is important to continue to provide abundant value while responding to global trends from a renewed long-term perspective in order to contribute to the realization of a sustainable society and to achieve sustainable development as a company.
Therefore, we have formulated the new "Sumitomo Riko Long-Term Environmental Vision 2050," which envisions the future in 2050, and have further formulated "Environment 2029V" in April 2023 by backcasting from this vision.
Related information
Related information
Long-Term Environmental Vision 2050
As the world faces various environmental challenges, our vision for the future is a sustainable society in which "Safety and Comfort" are realized in all aspects of life around the world.
Prior to the formulation of the vision, we reviewed our materiality. In addition to the key phrases "Decarbonizing Society," "Resource-Recycling Society," and "Society in Harmony with Nature," the slogan for our long-term vision is "Toward a future where everyone can enjoy a comfortable life."
Prior to the formulation of the vision, we reviewed our materiality. In addition to the key phrases "Decarbonizing Society," "Resource-Recycling Society," and "Society in Harmony with Nature," the slogan for our long-term vision is "Toward a future where everyone can enjoy a comfortable life."
Toward a "Decarbonizing Society", we will reduce CO２ emissions.
Toward a "Resource-Recycling Society", we will use resources carefully without wasting them.
Toward a "Society in Harmony with Nature", we will protect nature.
Toward a "Resource-Recycling Society", we will use resources carefully without wasting them.
Toward a "Society in Harmony with Nature", we will protect nature.
Our vision for the future in 2050 is as follows:
About Environment 2029V
We have formulated our mid-term environmental target "Environment 2029V" in order to realize the "Ideal State" envisioned in our long-term vision. We will contribute to a "Decarbonizing Society," "Resource-Recycling Society," and "Society in Harmony with Nature" with less impact on the environment, while taking on the challenge of growing our business and creating new value.
| Key Issues | Environment 2029V Action Goals | Environment 2029V Numerical Targets |
|---|---|---|
| Contribution to a Decarbonizing Society |
Reduce greenhouse gas emissions | Scope 1+2: 30% reduction in CO2 emissions (compared to 2018) |
| Scope 3: 15% reduction in CO2 emissions (compared to 2018) | ||
| Increase efficiency of energy use | Energy intensity per sales 10% reduction (compared to 2022) | |
| Promote the introduction of renewable energy | Ratio of renewable electricity 2.5% increase (compared to 2022) | |
| Contribution to a Resource-Recycling Society |
Reduce waste | Reduce waste intensity per sales by 7% (compared to 2022) |
| Minimize waste | Reduce disposal rate to 4% or less | |
| Promote the use of sustainable materials | Sustainable material usage rate: 20% or more | |
| Minimize water use | Reduce water intake by 10% (compared to 2022) | |
| Contribution to a Society in Harmony with Nature |
Promote visualization and reduction of environmental impact on ecosystems in areas surrounding the company | Establish impact assessment methods for multiple environmental aspects, including local biodiversity, and disclose appropriate information |
| Minimize environmental risks | Environmental incidents: Zero serious accidents, violations of laws and regulations, and complaints |
About Environment 2025P
In order to ensure the achievement of our mid-term environmental target “Environment 2029V,” we have formulated a three-year action plan “Environment 2025P,” based on the backcast from 2029V and continuing challenges from our previous environmental target, 2022V.
| Key Issues | Environment 2025P Action Targets | Environment 2025P Numerical Targets |
|---|---|---|
| Contribution to a Decarbonizing Society |
Reduce our own greenhouse gas emissions (Scope 1+2) |
Reduce CO２ emissions by 20% (compared to 2018) in Scope 1+2 |
| Contribution to a Resource-Recycling Society | Continue waste reduction efforts through recycling | Reduce waste intensity per sales by 3% (compared to 2022) |