We, the Group of Sumitomo Bakelite Co., Ltd., aim to improve corporate value sustainably by conducting business activities for our Purpose, “Toward a sustainable society through expanding the potential of plastics,” based on our 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.”

Amid continuing unpredictability and uncertainty of environmental and social conditions, it becomes more difficult to predict the future outlook.

Our Group has advanced initiatives to enhance sustainability based on our basic policy (Business Philosophy) and Purpose thus far and will strengthen these initiatives further. By pursuing the diverse functions of plastics and expanding their potential, we will contribute to realizing a sustainable society by continuously implementing new products and services that contribute to achieving the SDGs.

Our Group has identified material issues and KPIs based on risks that should be minimized looking to the future and opportunities to enhance sustainable corporate value for our Vision, “become a ‘company providing dreams for the future’ through creating value with our customers.” We strive to continually work toward achieving our Vision 2030.

Responsible Care refers to voluntary activities by many chemical companies handling chemical substances aimed at preserving “the environment” against and ensuring “the safety and health” from chemical substances throughout the product's life cycle, from “development” through “disposal or recycle”, while publishing results of activities and maintaining dialogue and communication with society.

These activities can be broadly categorized into six areas: (1) environmental protection, (2) process safety and disaster prevention, (3) occupational health and safety, (4) distribution safety, (5) chemicals and product stewardship, and (6) communication (publishing results, dialogue).

As a member of the Japan Chemical Industry Association (JCIA) RC Committee, we are working on the six themes to preserve the environment and ensure safety and health. Based on our Policy on Responsible Care Activities, we are determined to ensure that our business operations fulfill the responsibilities as a company to stakeholders, including society.

We have expressed our agreement with the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) established by the Financial Stability Board (FSB).

Our Company’s 2030 greenhouse gas emission reduction targets (1.5°C scenario targets) have been certified by the Science Based Targets initiative (SBTi).

As a Group, we are working toward our Environmental Vision for 2050. In May 2024, we set new targets for reducing greenhouse gas emissions (Scope 1+2) in line with the 1.5°C scenario target, which have been certified by the Science Based Targets initiative (SBTi). This will contribute to our efforts to create a sustainable society.