Sumitomo Chemical Receives Gold Medal in EcoVadis Sustainability Assessment for the Fourth Consecutive Year

Jun. 30, 2023

Sumitomo Chemical has received a gold medal in a sustainability assessment by EcoVadis (headquartered in France), which evaluates the corporate ESG-related initiatives, for the fourth consecutive year. The gold medal is given to the top 5% of all evaluated companies.

Established in 2007, EcoVadis is a performance rating agency, working to help companies improve their environmental and social practices through their global supply chains. The agency has assessed about 100,000 companies from 175 countries, across 200 business sectors, in four areas: Environment, Labor & Human Rights, Ethics, and Sustainable Procurement. A large number of global companies refer to EcoVadis assessment results as one of the important selection criteria for choosing suppliers.

In this year’s assessment, Sumitomo Chemical has again achieved high ratings in the areas of Environment, Ethics, and Sustainable Procurement. Specifically, the Company has been highly rated in Sustainable Procurement for having expanded the scope of its implementation of sustainable procurement that prioritizes the environment and respect for human rights. Furthermore, its efforts to strengthen supplier engagement to reduce greenhouse gas emissions throughout the supply chain, and to enhance the acquisition of certifications related to sustainable procurement also contributed to the recognition.

The Sumitomo Chemical Group has taken strong encouragement from these assessment results, and will strive together to step up its sustainability efforts. The Company will also continue to deliver sustainable growth and meet the expectations of its stakeholders by contributing to the creation of a sustainable society through its business.

Reference

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