Sumitomo’s Business Philosophy
We have inherited Sumitomo’s Business Philosophy that has supported the Sumitomo Group for four centuries.
The origins of this philosophy are found in the Monjuin Shiigaki (the Founder’s Precepts), a document written by Sumitomo family founder Masatomo Sumitomo (who acquired the title Monjuin after becoming a Buddhist priest) to instruct his family about the business wisdom he had distilled from his experience.
At the beginning, it urges “Strive with all your heart, not only in business, but in all situations.” This is the fundamental spirit of the Monjuin Shiigaki.
The rigorous efforts and honesty demanded by the Monjuin Shiigaki as well as other personal characterbuilding precepts continue to be the foundation of the Sumitomo Group’s Business Philosophy. Sumitomo Bakelite Co., Ltd.’s Business Philosophy—“Our company places prime importance on trust and sureness, and shall commit itself to contributing to the progress of society and enhancement of people’s welfare and livelihood through its business activities.”—stems from the Sumitomo Business Philosophy that has been inherited, nurtured and applied for 400 years.
"Business Philosophy" for the Group of Sumitomo Bakelite Co., Ltd. is as follows:
Our company places prime importance on trust and sureness, and shall commit itself to contributing to the progress of society and enhancement of people’s welfare and livelihood through its business activities.
This Business Philosophy is in line with the abovementioned Sumitomo Group's Business Philosophy, and this Business Philosophy connotes the followings:
|1.||We value trust and confidence of all concerned and endeavor to meet all the expectations given to us as an entity under the name of Sumitomo.|
|2.||We take steadfast steps in managing our Group without pursuing speculative profit.|
|3.||We make contributions to prosperity of the nation and improvement of people’s life through our business activities of research, development, production and sales of creative and innovative plastics.|
Standards of Conduct
"Our Code of Conduct" for the Group of Sumitomo Bakelite Co., Ltd. is as follows:
Our Code of Conduct
|1.||We provide products and services designed from the viewpoints of social benefit as well as customer satisfaction on which we place highest priority.|
|2.||We endeavor to improve business performance of the Group of Sumitomo Bakelite Co., Ltd. from a global perspective.|
|3.||We observe corporate ethics, abide by all applicable laws and regulations as well as our internal rules, and, above all, value fairness and transparency in our business activities.|
|4.||We place importance on safety, and voluntarily take actions for environmental protection.|
|5.||We honor and respect each individual's personality and rights, and make efforts to create amicable and lively workplaces.|
This "Our Code of Conduct" helps our group's directors, officers and employees conduct its business activities without any wrongdoing.