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Conflict-Free Procurement Policy

In order to fulfill its corporate social responsibility (CSR) in its procurement activities and build sound relationships with its suppliers, Sumitomo Chemical has been promoting CSR procurement.

In an environment in which the social responsibilities of corporations are growing, even if Sumitomo Chemical has no obligation to comply with a given law or regulation, if it relates to a social problem for which there is significant interest and there is a social demand to comply with it, as is the case with a U.S. rule* on conflict minerals, for example, Sumitomo Chemical works with its suppliers to ensure responsible procurement of raw materials.

  • *A final rule applying to companies that are publicly listed in the United States that was adopted by the U.S. government in August 2012 pursuant to Section 1502 of the Dodd Frank Wall Street Reform and Consumer Protection Act, which is known as the Conflict Minerals provision. The rule requires companies to disclose and report to the U.S. Securities and Exchange Commission the use in their products or production processes of conflict minerals, including tantalum, tin, gold, or tungsten, originating from the Democratic Republic of Congo or adjoining countries.