Sumitomo Chemical has positioned “contributing to the creation of a sustainable society” as a major pillar in the Corporate Business Plan launched in April 2019. With regard to the first point of the basic policy of the plan, which is “Accelerating the development of next-generation businesses,” we have set out the four focus areas of Healthcare, Reducing Environmental Impact, Food, and ICT (refer to pages 22–23 of Annual Report 2019). These are areas where we can use the Sumitomo Chemical Group’s technologies and that are indispensable to solving major social issues and enhancing quality of life. These are the same four areas specified under material issues for social value creation (Material Issues and Foundations for Business Continuity), which is a category of the seven material issues identified prior to the launch of the Corporate Business Plan.
By successfully carrying out its Corporate Business Plan, the Company aims to promote initiatives targeting material issues and the realization of business goals set by the Corporate Business Plan. In this way, we will achieve sustained growth for the Sumitomo Chemical Group and build a sustainable society by creating both economic and social value.
Transition of the Corporate Business Plan “Change and Innovation” from FY2013
Note: The current Corporate Business Plan is the first that positioned “contributing to the creation of a sustainable society” as a major pillar.