Endorsement of External Initiatives
Shareholders and Investors, Customers, Suppliers and Other Trade Partners, Employees, Local Communities, Global Environment
United Nations Global Compact
In October 2014, Sumitomo Riko signed the Global Compact proposed by the United Nations and is a member of the Global Compact Network Japan.
The UN Global Compact is an initiative advocated by Kofi Annan, then UN Secretary-General, in 1999 and launched in 2000 by the UN Headquarters. The UN Global Compact comprises ten principles in the four areas of human rights, labour, environment, and anti-corruption. We are ensuring compliance with these principles and are committed to fulfilling our responsibility in international society while endeavoring to promote and appreciate diversity.
We participated in the following working groups (WGs) of the Global Compact Network Japan (GCNJ) in fiscal 2023.
⚫︎ESG WG, Environment Management WG, Kansai WG, Supply Chain WG, Human Rights Training WG, Anti-corruption WG, Reporting WG, WEPs WG, Circular Economy WG, DRR (Disaster Risk Reduction) WG, CSV WG
In September 2020, we also endorsed the call of the United Nations Global Compact and signed the "Statement from Business Leaders for Renewed Global Collaboration." This is a statement of determination for all sectors to unite to reduce social divisions and achieve a sustainable future in the face of a range of serious crises, including climate change, economic uncertainty, and social inequality.
The UN Global Compact is an initiative advocated by Kofi Annan, then UN Secretary-General, in 1999 and launched in 2000 by the UN Headquarters. The UN Global Compact comprises ten principles in the four areas of human rights, labour, environment, and anti-corruption. We are ensuring compliance with these principles and are committed to fulfilling our responsibility in international society while endeavoring to promote and appreciate diversity.
We participated in the following working groups (WGs) of the Global Compact Network Japan (GCNJ) in fiscal 2023.
⚫︎ESG WG, Environment Management WG, Kansai WG, Supply Chain WG, Human Rights Training WG, Anti-corruption WG, Reporting WG, WEPs WG, Circular Economy WG, DRR (Disaster Risk Reduction) WG, CSV WG
In September 2020, we also endorsed the call of the United Nations Global Compact and signed the "Statement from Business Leaders for Renewed Global Collaboration." This is a statement of determination for all sectors to unite to reduce social divisions and achieve a sustainable future in the face of a range of serious crises, including climate change, economic uncertainty, and social inequality.
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Amnesty International
We revised “the Sumitomo Riko Group Corporate Action Charter” in April 2019, and expressed our commitment to conduct "Business that Respects the Human Rights of all Persons." To put this into practice, as a supporting member of Amnesty International Japan, a global human rights organization, we refer to and work with the UN Guiding Principles on Business and Human Rights.
Tokyo Principles for Strengthening Anti-Corruption Practices
In July 2018, Sumitomo Riko signed and endorsed the Tokyo Principles for Strengthening Anti-Corruption Practices (Tokyo Principles) of Global Compact Network Japan. The Tokyo Principles are the materialization of the content of Principle 10 (Anti-Corruption) of the UN Global Compact. Having signed the Tokyo Principles, we will implement even stronger anti-corruption activities than before.
In fiscal 2018, we revised the Sumitomo Group Global Compliance Action Guidelines to reflect the Tokyo Principles.
In fiscal 2018, we revised the Sumitomo Group Global Compliance Action Guidelines to reflect the Tokyo Principles.
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Keidanren Charter of Corporate Behavior
As a member of the Japan Business Federation (Keidanren), Sumitomo Riko complies with and puts into practice the Charter of Corporate Behavior. In order to respond to changes of the recent trends in society, in light of the revision of Keidanren's Charter of Corporate Behavior, we revised the Sumitomo Riko Group Corporate Action Charter in April 2019 based on a resolution by the Board of Directors.
We also participate in activities such as the Keidanren's “Committee on Responsible Business Conduct & SDGs Promotion”.
We also participate in activities such as the Keidanren's “Committee on Responsible Business Conduct & SDGs Promotion”.
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Task Force on Climate-related Financial Disclosures (TCFD)
In June 2022, we shared our endorsement of the Task Force on Climate-related Financial Disclosures (TCFD) established by the Financial Stability Board (FBS). Based on the TCFD recommendations, we disclose information on four areas regarding both climate change-related risks and opportunities: "Governance," "Strategy," "Risk Management," and "Metrics and Targets".
Global Platform for Sustainable Natural Rubber (GPSNR)
In July 2022, we joined the Global Platform for Sustainable Natural Rubber (GPSNR*).
There are more than a dozen major raw rubber materials used by our group globally, of which natural rubber alone accounts for more than 40%.
By endorsing the GPSNR policy, we will ensure the traceability and sustainability of our natural rubber procurement and aim to provide a stable supply of high-quality products into the future.
*Global Platform for Sustainable Natural Rubber
*Global Platform for Sustainable Natural Rubber
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Keidanren Initiative for Biodiversity Conservation
In April 2024, Sumitomo Riko joined the "Keidanren Initiative for Biodiversity Conservation" organized by the Keidanren Nature Conservation Council. This is to address the items that comprise the Keidanren Declaration for Biodiversity and Guideline (revised version) proposed by the Japan Business Federation (Keidanren) and the Keidanren Nature Conservation Council, as well as to endorse the overall objective.
The Sumitomo Riko Group conducts its business activities using a variety of natural blessings, including natural rubber, air, water, and minerals. Recognizing that we have a responsibility to pass on these natural blessings and the natural environment to future generations without destroying them through our business activities, we will continue to expand the scope of our activities to neighboring areas and throughout our supply chain in order to coexist with nature and preserve biodiversity.
The Sumitomo Riko Group conducts its business activities using a variety of natural blessings, including natural rubber, air, water, and minerals. Recognizing that we have a responsibility to pass on these natural blessings and the natural environment to future generations without destroying them through our business activities, we will continue to expand the scope of our activities to neighboring areas and throughout our supply chain in order to coexist with nature and preserve biodiversity.
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