Sumitomo Chemical Endorses the Statement from Business Leaders for Renewed Global Cooperation, Issued by the United Nations Global Compact
Sep. 23, 2020
Sumitomo Chemical has endorsed the Statement from Business Leaders for Renewed Global Cooperation (hereinafter, the Statement) put forth by the United Nations Global Compact (UNGC).
The purpose of the Statement is for global business leaders to reaffirm the importance of international cooperation and global governance at the United Nations General Assembly in September 2020, a milestone year, marking the 75th anniversary of the United Nations and the 20th anniversary of the UNGC. The Statement, along with the full list of CEOs who endorsed it, has been presented to the United Nations Secretary-General.
Gist of the Statement
- This year, coinciding with the 75th anniversary of the United Nations, the world is facing a range of crises, including the COVID-19 pandemic, climate change, and economic uncertainty.
- Against this backdrop, we as global business leaders commit to demonstrate leadership based on ethics, practice good corporate governance, and take measures to respect human rights so as to correct structural inequalities and injustices, by working together with all stakeholders in the spirit of renewed global cooperation.
- In making this commitment, we call on governments to protect human rights, ensure peace and security, and uphold the rule of law in order to ensure the prosperity of businesses, individuals and societies; to contribute to the welfare of people and the planet by strengthening international cooperation and national legal frameworks; and to enhance multilateralism and global governance so as to fight corruption, build resilience, and achieve the SDGs.
Sumitomo Chemical joined the UNGC in January 2005, as the first Japanese chemical company. We are one of the 41 Global Compact LEAD companies* in the world, recognized for our constant engagement with the UNGC and our business activities that comply with the UNGC’s Ten Principles with regard to human rights protection, the elimination of unfair labor practices, environmental responsibility, and anti-corruption.
The Sumitomo Chemical Group will continue to pursue active cooperation with various stakeholders and contribute to building a sustainable society.
*Participants of the UNGC recognized to be highly engaged in UNGC initiatives.
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