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Corporate Philosophy and Sustainability Management
Corporate Philosophy
Corporate Philosophy
Based on Sumitomo's Business Spirit, which places prime importance on fairness and integrity for the good of society, the Sumitomo Forestry Group utilizes wood as a healthy and environmentally friendly natural resource to provide a diverse range of lifestyle-related services that contribute to the realization of a sustainable and prosperous society.
Code of Conduct
In order to meet global social needs, such as those described in international conventions and initiatives, we established the Sumitomo Forestry Group Code of Conduct in line with the Sumitomo Business Spirit, which has been passed down since the founding of Sumitomo Forestry. Based on relevant global standards, we disclose the details of the Code of Conduct on our website, aiming to raise the awareness of the Code of Conduct and ensure adherence to it throughout our supply chain, including suppliers, service providers, contractors and business partners as well as all Sumitomo Forestry Group companies. To this end, we have also distributed copies of the Sumitomo Forestry Group Code of Conduct Guidebook to each employee at the Group companies in Japan and make the translated versions of the Code, including the English version, available to employees of our overseas affiliates online. In addition, we are raising employees’ awareness of the Code through e-learning programs.
Establishment of Policies and Guidelines
We have established policies, such as the Environmental Policy, the Procurement Policy, and the Occupational Health and Safety Policy as well as various guidelines based on our Corporate Philosophy, Our Values, and the Code of Conduct. In February 2022, for the realization of a decarbonized society, we established our long-term vision, "Mission TREEING 2030” towards 2030, which is also the target year for the SDGs. In this long-term business vision for the Sumitomo Forestry Group, we have specified nine material issues for the Group, aiming to provide value for the global environment, people’s lives and society, markets and economic activities and others for the creation of a sustainable society. We are dealing with ESG-related targets in the Mid-term Sustainability Targets.
Sumitomo Forestry Group’s Sustainability Management
Nine Material Issues and Related SDGs
| Theme | Nine Material Issues | Related SDGs | |
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| Value for our planet | 1 | To enhance the value of forests and wood through sustainable forest management |
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| 2 | To realize carbon neutrality by leveraging forests and wood resources |
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| 3 | To realize a circular bioeconomy by leveraging forests and wood resources |
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| Value for people and society | 4 | To provide comfortable and secure spaces for society at large |
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| 5 | To improve the livelihood of the local communities where we operate |
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| 6 | To create a vibrant environment for all workers |
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| Value for the market economy | 7 | To create new markets with forests and wood |
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| 8 | To transform markets through DX and innovation |
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| 9 | To establish a robust business structure |
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Our Values
Our Values
We provide high-quality products and services that bring joy to our customers.
We create new businesses that lead to happiness for generations to come with a fresh perspective.
We promote a free and open-minded corporate culture that respects diversity.
We set and strive to achieve ambitious goals through ongoing effort.
We do work that wins us the trust of society with fair and honest conduct.
Sumitomo Forestry Group Code of Conduct
Sumitomo Forestry Group Code of Conduct
Purpose and scope of application
Based on its corporate philosophy and Our Value, the Sumitomo Forestry Group shall manage its operations, including the supply chain, in accordance with this Code of Conduct.
Fair and transparent corporate activities
- Strict adherence to laws and regulations
We shall adhere to all domestic and overseas laws and company regulations and respect international norms of behavior. - Prevention of corruption
We shall have absolutely no involvement in corrupt practices, including bribery, embezzlement and money laundering. - Fair business transactions
We shall pursue fair business transactions and refrain from any involvement in cartels, bid rigging or other such activities. - Fair accounting procedures
We shall conduct fair accounting and tax practices based on accurate records. - Communication with stakeholders
In consideration of the interests of our shareholders and other stakeholders, we shall disclose necessary information in a timely and fair manner and promote dialogue. - Maintaining confidentiality
We shall ensure the protection of confidential information, both our own and that of third parties. - Information Security
We shall install appropriate information security measures to prevent information leaks and other breaches. - Relationships with companies we do business
with
We shall build and maintain constructive relationships with the parties we do business with and refrain from inappropriate behaviors, such as the abuse of power. - Protection of intellectual property
rights
In addition to protecting our own Company's intellectual property rights, we shall not infringe on the intellectual property rights of others. - Protection of personal information
We shall appropriately manage personal information, use it only for authorized purposes and prevent leaks. - Responsible advertising/promotional
efforts
We shall engage in accurate and appropriate advertising and promotional efforts that do not cause misunderstanding or offense. - Healthy relationship with the government
We shall maintain a healthy and transparent relationship with the government that is in conformance with all laws. - Stance on organized crime
We shall have absolutely no involvement in organized crime. - Establishment of a whistleblowing
mechanism
We shall establish a mechanism for people to report any suspicions of breaches to any laws or this Code of Conduct. By allowing reports to be made anonymously and strictly prohibiting retaliation against informants and other measures, we will actively promote its use.
Ethical conduct
- Avoidance of a conflict of interest
We shall make a clear distinction between professional and personal matters and refrain from activities that may constitute a conflict of interest with the company. - Prohibition of misappropriation of company
assets
We shall not use company funds or assets for personal purposes. - Prohibition of insider trading
We shall take no part in insider trading, including being complicit with others. - Appropriate gift giving and
entertainment
We shall neither accept nor offer gifts or entertainment that would be considered inappropriate according to socially accepted norms. - Prohibition of political or religious
activities
During work hours, we shall not recruit or otherwise promote political, religious or other activities based on personal ideology.
A respectful, healthy workplace
- Respect for human rights
According to internationally accepted human rights norms, we shall respect the human rights of all individuals, including women, children, indigenous people, minorities and vulnerable people. - Prohibition of discrimination and the promotion of
diversity
We shall not discriminate on the basis of race, ethnicity, nationality, gender, religion, ideology, disability, sexual orientation, gender identity or other. In addition, we shall work to secure and promote diversity. - Prohibition of forced labor and child
labor
We shall not tolerate forced labor or child labor in any form. - Freedom of association and collective bargaining
rights
In accordance with laws, we shall secure workers' rights for freedom of association and collective bargaining. - Appropriate working hours and wages
In accordance with laws, we shall ensure that working hours and wages are appropriate. - Work/life balance
We shall secure the appropriate balance between work and individual commitments, such as caring for children and the elderly. - Occupational health and safety
We shall strive to maintain a safe and healthy work environment. In addition, we shall implement regular educational and training programs to prepare for disasters, accidents and other. - Human resources development
We shall strive to nurture human resources by providing skill enhancement opportunities, such as training seminars. - Prohibition of harassment
We shall not commit or tolerate acts of sexual harassment, power harassment, inhumane punishment or other. - Protection of privacy
We shall respect and protect the individual's right to privacy.
Business activities that respect society and the environment
- Customer satisfaction and safety
We shall secure the safety and security of our customers and at the same time, sincerely engage with them and work to improve quality and customer satisfaction. - Coexistence with the environment
We shall strive to reduce the environmental impact of our products and services throughout their entire lifecycle, prevent global warming, recycle resources, prevent pollution and maintain biodiversity. - Contribution to the local community
We shall respect the local region's culture and customs and through dialogue, shall seek to contribute to their sustainable development.
Established July 1, 2017
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