Mid-Term Sustainability Targets as part of 2024 Mid-Term Management Plan

Material Issue 3 
To realize a circular bioeconomy by leveraging forests and wood resources

Material Issue 3

Material Issue 3 
To realize a circular bioeconomy by leveraging forests and wood resources

Realizing a circular society by making the most of wood, a renewable and natural resource from the forest ecosystem.

Related SDGs

Basic Policy

Against the background of concerns about resource depletion, biodiversity loss, and environmental pollution caused by harmful substances and marine plastics, it is necessary to build a circular economy that thoroughly recycles and makes effective use of resources. Circular economy is an economic model that aims to design products and services that reduce environmental burdens such as disposal and pollution, and to continue to circulate the raw materials and products at a high level.

Sumitomo Forestry Group realizes a circular bioeconomy centered on wood by running a wood cycle that cascades wood, which is a renewable and sustainable natural resource, in the forest, wood, architecture, and the field of energy such as biomass power generation and increasing the value of wood resources. For resources other than wood, we will strive to control, reuse, and recycle waste. We will also continue to investigate sustainability of our supply chain for the sustainable use of resources.

Impact on Society and the Environment

Material Issue 3 Impact (Influence)
To realize a circular bioeconomy by leveraging forests and wood resources

Realizing a circular society by making the most of wood, a renewable and natural resource from the forest ecosystem.
Protecting resources and reducing the environmental impact by advocating for recycling and zero emissions
Solutions to water issues
Improvement of environmental awareness in supply chain

Management of Material Issue 3

In Mid-Term Sustainability Targets 2024, Material Issue 3 is divided into 18 evaluation indicators, and management is carried out by incorporating them into annual activity policies and measures of the management department. We also assess the impacts that the material issue has on society and the environment.

Management of Each Target

Specific steps based on issues and strategies Indicators for Evaluation Managing department FY2021
result
FY2022
target
FY2023
target
FY2024
target
Resource recycling
(industrial waste)
Industrial waste final disposal amount (t)
Percentage change from fiscal 2021*1
Sustainability Department 21,050 20,489
▲2.7
20,181
▲4.1
19,905
▲5.4
Recycling rate at new housing construction sites*2(%) Housing and Construction Division 95.1 96.0 97.0 98.0
Recycling rate at housing demolition sites*3(%) 94.6 100 100 100
Recycling rate at the work sites of the renovation business unit*4(%) 79.7 84.5 85.0 85.5
Recycling rate at the work sites of the power generation business unit (%) Environment and Resources Division 99.3 98.0 98.0 98.0
Recycling rate at overseas manufacturing plants (%) Timber and Building Materials Division 98.5 99.0 99.0 99.0
Recycling rate at domestic manufacturing plants (%) 99.1 99.0 99.0 99.0
Other recycling rate (%) Timber and Building Materials Division
Lifestyle Service Division
Tsukuba Research Institute
80.6 84.0 85.0 86.0
Sustainable timber usage ratio
(Overall manufacturing) (%)
Timber and Building Materials Division 99.0 100 100 100
Total amount of industrial waste discharged from all branches (kg / building)*5 Housing and Construction Division 2,835 2,709 2,573 2,511
Discharge amount of newly built industrial waste (kg / m2) - 20.8 20.1 19.8

*1 Excludes Cohnan Kensetsu

*2 Includes new housing construction sites of the Housing and Construction Division, Sumitomo Forestry Landscaping, as well as Sumitomo Forestry Home Engineering.

*3 Includes all wastes in the results of fiscal 2021, specific construction materials (concrete, asphalt-concrete, and wood waste) under the Construction Material Recycling Law according to plans after fiscal 2022.

*4 Includes Sumitomo Forestry Home Tech renovation sites but excludes hard-to-recycle debris and asbestos.

*5 Excludes Construction Business Sub-Division

Specific steps based on issues and strategies Indicators for Evaluation Managing department FY2021
result
FY2022
target
FY2023
target
FY2024
target
Resource recycling (water) Water use volume (m3) All Sumitomo Forestry Group Companies 2,858,316 2,739,067 2,757,494 2,777,269
Specific steps based on issues and strategies Indicators for Evaluation Managing department FY2021
result
FY2022
target
FY2023
target
FY2024
target
Resource recycling (supply chain management) Sustainability Procurement
Survey Implementation Rate
in Supply Chain (%)
Housing and Construction Division 98.5 97.0 97.0 97.0
Certification acquisition rate
of incoming PKS(%)
Environment and Resources Division - - 100 100
Average score rate of
"suppliers (in-house)" in ESG
survey
Housing and Construction Division - Improvement as compared to previous year Improvement as compared to previous year Improvement as compared to previous year
Number of EPD acquisition
proposals to suppliers
(company) Ratio (%)
Timber and Building Materials Division - 10
52
30
66
65
71
Sustainability survey
response rate to suppliers
(sales ratio) (%)
- 80 85 90
Specific steps based on issues and strategies Indicators for Evaluation Managing department FY2021
result
FY2022
target
FY2023
target
FY2024
target
Utilization of Sustainable Forest Resources Unused resources (biomass use) handling volume (m3) Environment and Resources Division - 18,272 18,452 19,202