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Sumitomo Chemical recognizes that environmental and climate change problems present the Group with business opportunities, such as an increase in demand for products and technologies that help solve issues related to the environment and climate change by, for example, reducing GHG emissions. To seize these kinds of opportunities, the Environmentally Friendly Product Designation Committee (Sumika Sustainable Solutions Designation Committee) designates the Group’s products and technologies that contribute to such issues as climate change mitigation and adaptation, contribute to recycling resources, and sustainable use of natural capital, as Sumika Sustainable Solutions (SSS) and encourages their development and widespread adoption.
We have also set targets based on sales revenue from SSS-designated products, and we have been monitoring the progress of our efforts using those KPIs. In addition, we include contributions to the creation of social value and SSS designation in the selection criteria for our employee commendation system.
Going forward, the Group will continue solving issues in order to build a sustainable society by devoting its attention to promoting the development and widespread use of SSS-designated products and technologies.
Note: The Environmentally Friendly Product Designation Committee (Sumika Sustainable Solutions Designation Committee) was established under the Responsible Care Committee.
The Process of SSS Designation
Environmentally Friendly Product Designation Committee
In fiscal 2024, the tenth year of this initiative, the number of SSS-designated products and technologies totaled 89, amounting to approximately 544.3 billion yen in terms of sales revenue. New designations were given to such products and technologies of Sumitomo Chemical and the Sumitomo Chemical Group as follows:Rapidicil™, an herbicide suitable for no-till farming of soybeans, corn, and other crops; Glue Cleaner, a product utilized in the manufacturing processes for high-bandwidth memory (HBM) used in high-performance, energy-efficient computers for AI servers; and SUMIPEX™ Meguri™, chemically recycled PMMA molding material that is made by polymerizing the MMA monomers produced from pyrolyzing waste PMMA resin. The Company is now aiming to achieve sales revenues of 1,200 billion yen from SSS-designated products and technologies by fiscal 2030.
Sales Revenue of SSS-designated Products
(Billions of yen)
| FY2024 | |
|---|---|
| Sales revenue of the Sumitomo Chemical Group | 2,606.3 |
| Sales revenue of SSS-designated products | 554.3 |
Designation Requirements by Category
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Category |
Designation Requirements |
Responses to the SDGs |
|---|---|---|
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Climate change mitigation and adaptation |
①Contribution to reducing greenhouse gas emissions |
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②Products, parts, or materials related to renewable energy (including energy storage) |
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③Using biomass-derived materials and effective in reducing environmental impact |
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④Contribution to adapting to climate change impacts |
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Contribute to recycling resources |
⑤Contribution to resource recycling (waste reduction, recycling, resource conservation, etc.) |
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Sustainable use of natural capital |
⑥Contribution to reducing environmental burden in food production |
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⑦Contribution to reducing environmental impact, such as reduction of hazardous substances |
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⑧Contribution to efficient use of water resources |
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Others |
⑨Other contributions to building a sustainable society beyond the above |
(Depends on the project) |
Note: Regarding the designation requirements and responses to the SDGs, if multiple goals are listed, the product or technology may not address certain aspects of the goals.