News

Sumitomo Rubber has signed on to the UN Global Compact.

 

Sumitomo Rubber Industries CEO Satoru Yamamoto is pleased to announce that we have signed on to the “UN
Global Compact (UNGC)”. As a result, on 19th May 2022, Sumitomo Rubber was officially added to the registry of
participating companies.

UN Global Compact is one of the world’s largest corporate sustainability initiatives. UNGC calls for companies to
align strategies and operations with universal principles on human rights, labour, environment and anti-corruption
to take actions that advance society’s goals.

With climate change and other significant developments affecting the most pressing issues that our global society
faces today, Sumitomo Rubber Group came to the conclusion that a new policy, one based on long-term
perspectives to foresee the world of 2050, would be essential to the sustained growth and development of both
our group and society as a whole. And so, in August 2021, we formulated and unveiled “Driving Our Future
Challenge 2050”. This long-term sustainability policy sets various targets relating to Environment, Social and
Governance (ESG), so we may continue to make positive contributions to the realisation of a more sustainable and
prosperous society. Furthermore, we aim to put the Ten Principles of the UNGC into practice throughout our
business activities to contribute to a sustainable society.

 

The Ten Principles of the UN Global Compact

Human Rights
Principle 1: Businesses should support and respect the protection of internationally proclaimed human rights; and
Principle 2: make sure that they are not complicit in human rights abuses.

Labour
Principle 3: Businesses should uphold the freedom of association and the effective recognition of the right to
collective bargaining;
Principle 4: the elimination of all forms of forced and compulsory labour;
Principle 5: the effective abolition of child labour; and
Principle 6: the elimination of discrimination in respect of employment and occupation.

Environment
Principle 7: Businesses should support a precautionary approach to environmental challenges;
Principle 8: undertake initiatives to promote greater environmental responsibility; and
Principle 9: encourage the development and diffusion of environmentally friendly technologies.

Anti Corruption
Principle 10: Businesses should work against corruption in all forms, including extortion and bribery.

 

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