In the preamble to the Corporate Mission Statement, the Group sets out its corporate vision: "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." The statement continues to describe the corporate mission, which is, "To achieve prosperity and realize dreams through sound business activities," and the management style, which is, "To place prime importance on integrity and sound management with utmost respect for the individual."
The Sumitomo Corporation Group regards CSR as working to achieve its corporate vision by staying true to the management style described in its Corporate Mission Statement, engaging in responsible corporate management, and working to fulfill its corporate mission. In other words, CSR is nothing other than putting our Corporate Mission Statement into practice, engaging in sound business activities, and having every member of the organization perform his or her daily duties with spirit and a strong sense of ethics.
Taken from a CSR viewpoint, for the Sumitomo Corporation Group to contribute to the development of a sustainable society and grow along with society, it must create and provide new social values through its business activities, which would in turn result in enhanced corporate value. Based on this belief, we develop an accurate understanding of social issues and identify new needs through dialogue with stakeholders. We then offer proposals to provide the solutions by bringing together the Group's unique strengths and capabilities. Through these proposals, we work to improve the standard of living and contribute to the development of economies, industries, and societies in the communities and countries where we conduct business. These efforts subsequently help boost earnings and expand business activities based on foundations of trust. We feel the Sumitomo Corporation Group's CSR should revolve around this virtuous cycle.
The Sumitomo Corporation Group has defined its medium-to-long- term vision as "What We Aim to Be in 2019, Our Centennial Year," which describes one of its goals as the following: "We aim to be a corporate group that is recognized by society as meeting and exceeding the high expectations directed toward us, creating value that nobody else can match in ways befitting our distinctive identity." This endeavor entails that we constantly act from a medium-to-long-term perspective with the Corporate Mission Statement at the forefront of our minds. With this mind-set, we are working to become the leader in each industry in terms of both quantitative and qualitative aspects and a corporate group that is truly trusted by all of its stakeholders. We aim to make our vision of "What We Aim to Be" a reality and to continue to grow stably for another 50 years, 100 years, and beyond. It is therefore crucial to discuss what we want to achieve through our business activities and how these goals can be accomplished, followed by formulating growth strategies to guide us in this pursuit. I hope that all members of the Sumitomo Corporation Group will be able to unite to push us forward on this path.
Senior Managing Executive Officer,
Chief Strategy Officer
One key step we took to put CSR into practice over the past year was working to deepen employees' understanding of our Corporate Mission Statement - the foundation of the Group's CSR activities. We took opportunities to further entrench this statement globally.
The Group is active a diverse range of industrial fields in countries and regions across the globe, which necessitates that we practice CSR throughout the supply chain. Recognizing this duty, we took advantage of various activities to spread awareness within the organization of the Sumitomo Corporation Group CSR Action Guidelines for Supply Chain Management.
We also undertook efforts to raise our overall level of CSR promotion and advance CSR activities on Companywide basis. To this end, we began periodically holding meetings in which representatives from the Environment & CSR Department sit down with representatives from individual sales divisions and domestic and overseas regional organizations. Through these meetings, we have instituted self-assessments based on ISO 26000, a global standard for CSR, and shared information and opinions related to CSR.
The Sumitomo Corporation Group signed the UN Global Compact in March 2009, declaring its support for the 10 principles on human rights, labour standards, environment, and anti-corruption. Our goal in the future will be to promote CSR in a manner that is suited to a global organization, and we will adhere to these 10 principles, which share the same values as our Corporate Mission Statement, and pay reference to ISO 26000 in this pursuit.