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

Material issue 9 
To establish a robust business structure

Material Issue 9

Material Issue 9
To establish a robust business structure

Contributing to a stable economy by continuously providing value with a structure that is resilient to contingent circumstances.

Related SDGs

Basic Policy

Building a strong business system is important for a company to carry out sustainable business as the crisis that has a great impact on the economy such as intensification of natural disasters, spread of unknown infectious diseases such as the coronavirus deseases, and financial and geopolitical risks continues worldwide. Continuing business even in the face of unexpected events also contributes to stability of the industry and market as a whole.

Sumitomo Forestry Group will not only build a Business Continuity Management (BCM) system to provide stable value even in the event of unexpected events, but will also aim to strengthen supervisory function of the Board of Directors during normal times, and prompt strengthening of the governance and information security of expanding overseas affiliated companies. With respect to climate change and natural disasters, we will continue to analyze scenarios based on the TCFD recommendations to build a strong business.

Impact on Society and the Environment

Material Issue 9 Impact (Influence)
To establish a robust business structure

Contributing to a stable economy by continuously providing value with a structure that is resilient to contingent circumstances.
Building a business foundation by strengthening information security system
Improving employee awareness by establishing an educational foundation
Improving credibility from society by strengthening governance system

Management of Material Issue 9

In Mid-Term Sustainability Targets 2024, Material Issue 9 is divided into 4 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
Governance /
Compliance
New introduction of business process control (internal control) Overseas Housing and Real Estate Division - Full-scale introduction (2 companies) continuation continuation
Strengthening information security level of overseas affiliated companies*(%) IT Solutions Department - 20 50 100
Implementation of external evaluation on effectiveness of the Board of Directors General Administration Department - Examination Examination Completion

* Sumitomo Forestry Group's unique security base level achievement rate

Specific steps based on issues and strategies Indicators for Evaluation Managing department FY2021
result
FY2022
target
FY2023
target
FY2024
target
Climate change Conduct scenario analysis and disclosure consistent with guidance from the Task Force on Climate-related Financial Disclosures (TCFD) Sustainability Department Proven in two divisions including domestic housing business and timber and building materials business New implementation in two divisions including environment and resources business and overseas housing business Examining impact of the entire group through re-implementation in two divisions including timber and building materials business and domestic housing business Examining reflection of measures taken by the group in the strategy for each business division of the next Mid-Term Management Plan