Corporate Philosophy and CSR Management
Corporate Philosophy and CSR Management of the Sumitomo Forestry Group
Based on its Corporate Philosophy of “utilizing timber as a renewable, healthy, and environmentally friendly natural resource, and contributing to a prosperous society through all types housing-related services” and its Action Guidelines, the Sumitomo Forestry Group has established such policies as, an Environmental Policy and a Procurement Policy, as well as various guidelines. In addition, the Group has also prescribed “Our Values and Ideals” as a set of ethical guidelines for all Sumitomo Forestry Group employees, and carries out business activities in accordance with these.
Furthermore, based on ISO26000, the International standard requiring organizations to practice social responsibility, the Sumitomo Forestry Group actively communicates with all stakeholders. Incorporating the Group’s shared values into its brand message “Happiness Grows from Trees,” it will further promote CSR management, thereby contributing to a sustainable society.
The Sumitomo Forestry Group utilizes timber as a renewable, healthy, and environmentally friendly natural resource, and contributes to a prosperous society through all types of housing-related services.
We conduct business that is beneficial to society based on the principles of integrity and sound management.
Respect for Humanity
We work to create an open and inclusive corporate culture that values diversity.
We are dedicated to effectively addressing environmental issues with the aim of achieving a sustainable society.
Putting Customers First
We are thoroughly committed to customer satisfaction through the provision of high-quality products and services.
Our Values and Ideals
The Group sets great store by the following three ideals: “Inspire Emotion,” “Blaze a Trail to the Future,” and “Act with Dignity.”
3．Independence and Support
4．Freedom and Vigor
5．Reflection and Learning
2．Blaze a Trail to the Future
2．Respect for Families
3．Accumulation and Creation
4．Giving Back to the Community
3．Act with Dignity
1．Passing on Sumitomo’s Business Spirit
4．Respect for Human Rights and Diversity
Participation in the United Nations Global Compact
In December 2008, we formally signed the United Nations (UN) Global Compact to declare our support for its principles. The ten principles of the UN Global Compact are based on globally established agreements, including the Universal Declaration of Human Rights, and the International Labour Organization’s (ILO) Declaration on Fundamental Principles and Rights at Work. They incorporate support of and respect for the protection of human rights and the eradication of forced labor and child labor.
The Ten Principles of the UN Global Compact
- Human Rights
- Principle 1: Businesses should support and respect the protection of internationally proclaimed human rights; and
- Principle 2: make sure that they are not complicit in human rights abuses.
- Principle 3: Businesses should uphold the freedom of association and the effective recognition of the right to collective bargaining;
- Principle 4: the elimination of all forms of forced and compulsory labour;
- Principle 5: the effective abolition of child labor; and
- Principle 6: the elimination of discrimination in respect of employment and occupation.
- Principle 7: Businesses should support a precautionary approach to environmental challenges;
- Principle 8: undertake initiatives to promote greater environmental responsibility; and
- Principle 9: encourage the development and diffusion of environmentally friendly technologies.
- Principle 10: Businesses should work against corruption in all its forms, including extortion and bribery.