Response to Climate Change
Basic ConceptThe impact of climate change, which is becoming increasingly serious year by year, is an environmental issue that significantly affects social, environmental and corporate activities beyond generations on a global scale. Examples of its impact include weather disasters, the impact on water resources and agriculture, changes in ecosystems, and the impact on human health. The Sumitomo Corporation Group, operating business in a wide range of fields globally, recognizes these outcomes as serious risks. To mitigate their impact and balance our growth and sustainable development of society, we place great importance on mitigating climate change and adapting to its impact. In 2017, we identified the six material issues to achieve sustainable growth with society, including “achieving harmony with the global environment” that clarifies our commitment to mitigating climate change.
As a board member of the Global Compact Network Japan, we participate in the Environmental Management Working Group, incorporating information obtained from NGOs and experts as well as through information exchange into our environmental management related to climate change issues. We also disclose and report our strategies for climate change and greenhouse gas emissions in our support for the efforts of UK-based CDP*to reduce the impact of climate change and the levels of greenhouse gas emissions.
We are paying due consideration to the impact that our business activities have on climate change as a major element, and are actively working on the renewable energy business, centering around wind and solar power, in addition to the rechargeable battery business.
*CDP: A UK-based global non-profit organization that discloses environmental information collected from companies and cities. CDP is supported by more than 800 global institutional investors representing a total of 100 trillion dollars in assets. CDP holds primary environmental information on climate change, water, and forests, which are disclosed to help make strategic decisions on investments and policies. The scale of CDP’s environmental survey is the world’s largest, with 2,235 companies responding in 2017.