The report outlines Sumitomo Bakelite's business strategies and ESG management for fiscal year 2021. The company achieved record revenue and profits in real terms, despite the ongoing COVID-19 pandemic and global challenges. Key highlights include switching to electric power derived from renewable energy at all Japan-based plants and laboratories, achieving the fiscal 2030 goal of 46% reduction of CO 2 emissions (compared to 2013 level) in Japan ahead of schedule, and increasing the ratio of revenue from sales of products that contribute to the SDGs to 48%, exceeding the target of 50% in fiscal 2023. The report also includes a materiality assessment, a description of the company's business philosophy, and a detailed breakdown of the company's ESG initiatives.
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Sumitomo Bakelite Co Ltd 2022 Integrated Report
Issuing Company Sumitomo Bakelite Co., Ltd.
Report Type Integrated Report
Report Language EN
Report Filesize 30.68 MB
No. of Pages 126 pages
Reporting periodApril 2021-March 2022
Report EditionUnknown
Assurance Provider KPMG AZSA Sustainability Co., Ltd.
Reporting Standards GRI; Core option; IIRC
Materiality Assessmenttrue