Sumitomo Chemical is tackling various challenges facing humanity, specifically poverty, climate change, and educational and gender inequality. On this front, we are going beyond just complying with international regulations and are working with a range of organizations, including various international organizations and NPOs as well as other companies, to actively participate in initiatives.
Initiative Participation Record
Some of the major sustainability-related initiatives in which Sumitomo Chemical participates take a general approach and some focus on one among a variety of specific causes, such as the environment, health, hygiene, human rights, and equality.
Our UN Global Compact Activities
The Sumitomo Chemical Group became the first Japanese chemical company to become a participant in the UN Global Compact (UN GC) in January 2005 and has been a participant of the UN GC LEAD since its launch in November 2011. As a leading company, we respect the Ten Principles set by the UN (related to human rights, labor, the environment, and anti-corruption) and are actively participating in relevant initiatives to further ramp up our efforts.
In fiscal 2017, we participated in two action platforms: Breakthrough Innovation for the SDGs and Pathways to Low-Carbon and Resilient Development. Breakthrough Innovation for the SDGs aims to realize sustainable agriculture and food production, and we gave a presentation on a solution that uses biosensors. In addition, in September 2017, we participated in the 9th annual UN Private Sector Forum held in New York City, and conducted networking and information sharing activities.
The UN Global Compact's Ten Principles
Principle 1: Businesses should support and respect the protection of internationally proclaimed human rights; and
Principle 3: Businesses should uphold the freedom of association and the effective recognition of the right to collective bargaining;
Principle 7: Businesses should support a precautionary approach to environmental challenges;
|Principle10: Businesses should work against corruption in all its forms, including extortion and bribery.|
Our WBCSD Activities
In the World Business Council for Sustainable Development (WBCSD),* we partnered with member companies in the chemical sector to create the Chemical Sector SDG Roadmap, which organizes sustainability-related fields and issues pertaining to the chemical industry using the SDG framework with the aim of realizing sustainability. In addition, reflecting our public endorsement of the TCFD recommendations, we and 25 CEOs of WBCSD member companies that support the recommendations signed a document announcing our cooperation.
This organization was established to advocate for business sector views on sustainable development. The group weighs in at international conferences, such as the World Economic Forum, the B20 Summit, and the Conference of the Parties of the UNFCCC.
Support of the TCFD
In June 2017, Sumitomo Chemical signed, together with over 100 leading companies in the world, the Recommendations on Promoted Disclosures of Climate-related Information, prepared by the Task Force on Climate-Related Financial Disclosures (TCFD), which was established by the Financial Stability Board (FSB).* Sumitomo Chemical sees climate change as one of the most important challenges facing society. Toward its resolution, the Company has actively been working on such issues as greenhouse gas reductions, by capitalizing on its versatile technical capabilities cultivated over many decades as a chemical company operating comprehensively in diverse industrial fields.
An international organization whose members include central banks, financial regulatory authorities, and ministries of finance from 25 major countries.
Our ICCA* Activities
Sumitomo Chemical served as the chair of the Global Working Group on Energy and Climate Change of the International Council of Chemical Associations (ICCA) between June 2016 and June 2018. We led joint international research related to helping reduce GHG emissions through chemical products and technologies.
We also worked to promote the spread of the results of the research.
In addition, we also participate in the leader group for chemical substance policy and health. We conduct surveys related to regulatory trends around the world and mechanisms for relaying information on chemical substances contained in products.
We also cooperate in promoting widespread product stewardship in each participating country, focusing on those in Asia.
Furthermore, we actively participate in measures aimed at new issues, such as the marine plastic problem.
This organization was established to harmonize the strategies of chemical industry associations and councils around the world through dialogue and cooperation. As the principal representative of the chemical industry, ICCA presents opinions to international organizations about key topics shared by its members and various activities of the chemical industry.
Our WEPs Activities
In 2013, the Group (under the President's name) endorsed the “Women’s Empowerment Principles” (WEPs), which were formulated through collaboration between UN GC and UN Women. We have engaged in global efforts aimed at promoting the WEPs in Japan and overseas. Since 2015, we have participated in the annual WEPs forum and in the Global Compact Network Japan’s WEPs Subcommittee as a leading company.
In fiscal 2017, Sumitomo Chemical conducted a self-check of its measures related to promoting the active advancement of women using the Gap Analysis Tool developed in part by UN GC with the aim of enabling self-evaluations and gap analyses related to gender equality in companies. We announced the results (Achiever)* on our official website.
- Based on the degree of achievement, companies are sorted into four ranks: Leader, Achiever, Improver, and Beginner.