Sumitomo : “Integrated Report 2022” and “ESG Communication Book 2022” Released

Sumitomo Corporation (Head Office: Chiyoda-ku, Tokyo; Representative Director, President and Chief Executive Officer: Masayuki Hyodo) released "Integrated Report 2022" (https://www.sumitomocorp.com/en/jp/ir/financial/investors-guide/2022/) and "ESG Communication Book 2022" (https://www.sumitomocorp.com/en/jp/sustainability/report). "Integrated Report 2022" provides medium-to long-term growth story of Sumitomo Corporation Group. "ESG Communication Book 2022" summarizes sustainability-related activities from ESG (environment, society and governance) perspective.

"Integrated Report 2022" explains with specific examples about Sumitomo Corporation Group's long-term growth strategy to achieve sustainable growth through enhancement of sustainability management and our steady return to a growth trajectory through the execution of medium-term management plan "SHIFT 2023". This year, we newly divided "ESG Communication Book 2022" into two parts: the "Story Book" and the "Disclosure Book", to make our stakeholders understand non-financial information in an easy-to-understand manner. The "Story Book" introduces specific examples of Sumitomo Corporation Group's value creation practices from the perspective of key social issues and includes a roundtable discussion among young employees on the theme of the future of Sumitomo Corporation Group. The "Disclosure Book" updates more detailed information on progress of the medium-term targets of key social issues and human capital (human resources management). In addition, we further expanded the information regarding scenario analyses and target risks in line with the recommendations of TCFD*.

Sumitomo Corporation is committed to disclose in timely and appropriate manner of both financial and non-financial information by utilizing a variety of disclosure tools to promote constructive dialogue with our stakeholders.

*Task Force on Climate-related Financial Disclosures established by the Financial Stability Board

＜Reference＞
Investor Relations | Sumitomo Corporation
Sustainability | Sumitomo Corporation

Sumitomo Corporation's Material Issues

Sumitomo Corporation Group positions "Six Material Issues to Achieve Sustainable Growth with Society" as an important factor in developing business strategies and in the decision-making process for individual businesses. Going forward, we will pursue sustainable growth by resolving these issues through our business activities. This project especially contributes to the following material Issues.

Achieving Harmony with the Global Environment

To realize recycling-oriented society and mitigate climate change, we are working to establish frameworks for the efficient use of resources and stable supply of renewable energy. In doing so, we will achieve growth in harmony with the global environment.

Contributing to the Development of Local Communities and Industries

We steadily procure and provide goods and services to meet the needs of people in various countries and regions and contribute to developing industrial platforms. Through these means, we will create a virtuous cycle in which we can grow and develop together with local communities.

Establishing a Foundation for Comfortable and Enriching Lifestyles

We strive to realize more convenient and comfortable lifestyles by providing goods and services for daily use while also responding to needs for high-quality lifestyles in order to support the physical and mental health of people around the world.

Providing Diverse "Accessibility"

We provide diverse accessibility to open up the possibility of creating new value. To this end, we will improve mobility for safe and efficient flow of people and goods, and expand the network connecting information and finance.

Developing Human Resources and Promoting Diversity

In order to create new value and innovation by allowing our diverse personnel to fully exercise their abilities in a variety of fields, we will promote the development and empowerment of human resources, which represent our most important management resources.

Enhancing Governance

We will enhance our ability to draft and implement strategies for achieving sustainable growth and to provide appropriate supervision of these strategies, all while maintaining transparency. In this manner, we will improve management efficiency and maintain sound management.