Sumitomo Forestry Group's Environmental Management

The Sumitomo Forestry Group advocates contributions to the realization of a sustainable society in its Corporate Philosophy.

The Environmental Policy applies to all stages of product life cycle and all business processes from product and service development, design and manufacturing to material procurement, distribution, waste management, supplier and partner selection, new project launches, and mergers and acquisitions, in all businesses of the Sumitomo Forestry Group to promote businesses that contribute to the realization of a sustainable society by balancing the environment and the economy.

For example, regarding the selection and evaluation of suppliers, a "sustainability procurement survey" is conducted based on our Environmental Policy, and when a new business is started up or a joint venture or acquisition is made, each division performs a risk check from both aspects of the environment and society.

To share and raise awareness of the Environmental Policy among Group employees, it is reflected in employee handbooks, on the website and posters, etc. as well as read at new employee training sessions, ISO 14001 internal environmental auditor training courses and departmental meetings. In addition to posting it in meeting rooms, each branch of the Housing Division shares Sumitomo Forestry Group's environmental commitment with its business partners by communicating the Environmental Policy to its subcontractors at the beginning of each fiscal year at meetings with them.

Sumitomo Forestry Group Code of Conduct applies to not just the Group enterprises but also to the supply chain. The Code of Conduct drives coexistence with the environment and clarifies the approach to advance efforts toward the environment, including all of the business partners of the Sumitomo Forestry Group.

In 2022, Sumitomo Forestry established a long-term vision "Mission TREEING2030", in which ideal image of the group was incorporated into long-term business structure to realize a decarbonized society towards 2030 which is the goal year of the SDGs. We also unveiled "Mission TREEING 2030 Phase 1" (2022-2024), a three-year mid-term management plan. As one of our five fundamental policies, we have set forth "the further integration of business and ESG." In line with this, we have clarified the relationship between our nine material issues and the SDGs, and we have formulated the Midterm Sustainability Targets Phase 1 (2022–2024) as a set of goals that contribute to their achievement. Furthermore, under the Midterm Management Plan Mission TREEING 2030 Phase 2 (2025–2027), we will continue to uphold the fundamental policy of "the further integration of business and ESG," and we have newly formulated the Midterm Sustainability Targets Phase 2 (2025–2027). We will improve our environmental management based on this target.