At the beginning of the Corporate Mission Statement, the Sumitomo Corporation Group states its corporate vision as "We aim to be a global organization that constantly stays a step ahead in dealing with change, creates new value, and contributes broadly to society." And the phrase "To achieve prosperity and realize dreams through sound business activities" follows as the corporate mission.
For the Sumitomo Corporation Group, satisfaction with CSR means simply promoting responsible corporate activities and fulfilling our corporate mission to become the ideal organization set out in the vision; in other words, implementing our Management Principles. We achieve prosperity and realize the dreams of our stakeholders by playing our role as a corporation in solving social issues through our business activities and social contribution activities and ultimately creating a sustainable society. That is our mission in society and the fundamental idea behind our CSR.
Underlying that idea is the principle to create new value for the sustainable growth of society and the Group. We accomplish this by building closer relationship with various stakeholders across the whole Group, correctly understanding social issues and strategically planning our corporate activities to solve those issues. To this end, we must create a virtuous cycle; we fulfill our CSR to create new value, which will become a resource for the sustainable growth of the Group and the base for further fulfillment of CSR.
Based on these ideas for CSR, the Sumitomo Corporation Group will continue pursuing its Management Principles for the sustainable growth of society and our group companies.
Chair of the CSR Committee
To further promote our CSR practices proactively, Sumitomo Corporation has established the Environment & CSR Department in April 2008 and cooperate effectively with our internal departments and our Group companies.
In April 2009, Sumitomo Corporation integrated former Philanthropy Committee and former CSR Committee into the CSR Committee as one of important company-wide committees. Furthermore, in April 2012, we have integrated former CSR Promotion Committee and former Global Environment Committee into the CSR Committee as one of important company-wide committees.
The Sumitomo Corporation Group acknowledges the need to further improve the quality of its corporate social responsibility (CSR) activities and promote them in a systematic and organized manner in light of CSR-related changes in the external business environment and increasing demands for corporations to act in a socially responsible way.
As such, we have reviewed the status of our ongoing initiatives based on ISO 26000, the international standard on CSR, to identify priority issues and have launched step-by-step improvement efforts.
In November 2009, the Sumitomo Corporation Group set down the CSR Action Guidelines for Supply Chains. By implementing these guidelines, we are aiming to achieve a sustainable society by working together with our suppliers and business partners in order to fulfill our social responsibilities in such areas as strict compliance with laws and regulations, respect for human rights, and protection of the environment.
The Sumitomo Corporation Group aims to be a global organization that constantly stays a step ahead in dealing with change, creates new value, and contributes broadly to society. In its Management Principles, the Group sets forth its mission to achieve prosperity and realize dreams through sound business activities, and to strictly adhere to a management style which places prime importance on integrity and sound management with utmost respect for the individual.
In line with its Management Principles, the Sumitomo Corporation Group hereby sets down the CSR (corporate social responsibility) Action Guidelines for Supply Chains, aiming to achieve a sustainable and better society. With a view to further strengthening "global relations" —one of the elements of the business foundation that supports our integrated corporate strength, which is our core competence—we will request our suppliers and business partners to kindly accept, understand, and practice these guidelines so that together we can fulfill our social responsibilities in the value chain in which we are jointly involved.