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 2022.

⚫︎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.

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”.

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

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