Chemistry is playing an increasingly large role in solving social issues, including those related to the environment, energy, and food, as highlighted by the SDGs adopted by the United Nations in 2015.
In the Medium-Term Corporate Plan launched in April 2019, we outline what we are striving for, namely, to achieve sustained growth for Sumitomo Chemical and build a sustainable society by creating both economic and social value. To help realize this vision, we identified the four material issues for social value creation that are directly related to our businesses. Contribution to solving food issues is one such issue and contribution to reducing environmental impact, including the mitigation of climate change and the recycling of plastic resources is another. We also identified three material issues for valuecreation in the future, namely the promotion of technology innovation and R&D, diversity and inclusion, and initiatives for digital innovation.
At the same time, we are still committed to maintaining safe and stable operations, ensuring full and strict compliance, and respecting human rights, for which a value chain-wide response is strongly demanded. We consider these efforts indispensable for remaining a going concern and strive to bolster our actions across the Group.
About a century ago, Sumitomo Chemical got its start by manufacturing fertilizers from gas emitted from copper smelting operations at the Besshi Copper Mine in Niihama, Ehime Prefecture, aiming to solve the environmental problem of smoke pollution while helping to increase agricultural output. The Sumitomo Chemical Group actively promotes dialogue with internal and external stakeholders to continue to live up to the trust it has earned from society. In this way, the Group will continue striving to realize its vision with a sense of speed and determination while honoring the DNA that stretches back to the Company’s founding.
Thank you for your continued understanding and support.
Representative Director & President