Identifying Sumitomo Forestry Group CSR Material Issues

Following changes in the economic, environmental and social situation, in March 2015, the Sumitomo Forestry Group identified new CSR material issues to replace the ones specified in 2008.

The Group surveyed both internal and external stakeholders as well as outside experts, receiving responses from about 2,700 people. In preparing the questionnaire, 27 issues most closely related to the Sumitomo Forestry Group were specified, based on the Sumitomo Forestry Group’s Corporate Philosophy and Action Guidelines, and taking into account such matters as ISO 26000, the international standard on the social responsibility of organizations, and evaluation points linked to socially responsible investment (SRI).

After incorporating management perspectives, the survey results were mapped out against axes of “management” and “stakeholders,” before determining the materiality of each issue. 12 of these issues were identified as being highly material, and rearranged into 5 issues for the Sumitomo Forestry Group CSR Material Issues.

 

Sumitomo Forestry Group CSR Material Issues

  1. Continue to procure wood and materials that take sustainability and biodiversity into consideration
  2. Promote the reduction of the environmental impact of our business activities
  3. Promote development of workplaces where diverse personnel can work with vigor and enthusiasm, demonstrating their abilities and individuality
  4. Strengthen and promote risk management and compliance mechanisms
  5. Promote the development and sales of products and services that are safe, reliable and environmentally conscious

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Sumitomo Forestry Group Mid-Term CSR Management Plan

In March 2015, the Sumitomo Forestry Group formulated the Sumitomo Forestry Group Mid-Term CSR Management Plan with fiscal 2020 as its target year.

The Plan sets basic strategies and specific targets aimed at resolving the five “Sumitomo Forestry Group CSR Material Issues” which were mapped out based on “management” and “stakeholders” perspectives. Regarding social and environmental issues to be accomplished by fiscal 2020, each Group company and department has commenced initiatives starting in fiscal 2015 aimed at achieving targets segmentalized for each fiscal year based on an annual numerical target of set in the CSR budget.

In addition, we have revised a portion of this plan in fiscal 2017 to add environmental evaluation metrics and redefine indicators as well as other information according to factors such as a growing interest in ESG and changes in the environment surrounding our businesses.

The Sumitomo Forestry Group fully implements a PDCA cycle for the progress and achievements each fiscal year based on the Sumitomo Forestry Group's Mid-Term CSR Management Plan by confirming the progress and achievements at the Sustainability Committee convened four times a year in addition to providing reports to the Board of Directors.

The Sumitomo Forestry Group aims to promote CSR management even further.

PDCA

CSR