Identification of Six Material Issues and Integration into Business Decision-Making
First written in FY2017. 10 of 19 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2026: 18 of 52 companies on the "Worse" side.
22 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「In May 2024, we updated our materiality issues and newly designated "Conserve and restore natural capital." In addition, we set "Promote initiatives toward nature positivity by 2030" as a medium-term target.」
For the materiality issues updated in 2024, we gave concrete form to the target of conserving and restoring natural capital as initiatives toward nature positivity by 2030, and identified understanding nature-related risks and opportunities, sustainable procurement and new business development as the main initiatives. - FY2024ReframedAnnual report
「In fiscal 2024, in light of the growing severity of social issues such as climate change and biodiversity loss, as well as our group's strengths and stakeholder expectations, we integrated and updated "materiality" and the "six important social issues." We designated the following as new materiality issues: "Realize a secure and prosperous life," "Overcome climate change," "Conserve and restore natural capital," "Respect human rights," "Maintain and strengthen governance," and "Develop human resources and promote DE&I."」
We integrated and updated the former six important social issues into six new materiality issues. We stated that we would continue the PDCA cycle of setting targets, implementing actions and reviewing progress for each materiality issue. - FY2023AdvancedAnnual report
「As part of advancing sustainability management, we designated six important social issues that our group should address: climate change mitigation, the circular economy, respect for human rights, local community and economic development, improving living standards, and quality education. We have set long-term and medium-term targets for each issue.」
For the six important social issues, we established long-term and medium-term targets for each issue and presented a framework for the Sustainability Promotion Committee to monitor progress toward the medium-term targets. - FY2022AdvancedAnnual report
「In addition, under the area of respect for human rights, we set a target of accurately assessing human rights risks across all businesses of our group by 2025, began human rights due diligence by business division and commenced efforts to strengthen risk reduction and prevention measures.」
We set medium-term targets for the six important social issues, including a target of assessing human rights risks across all businesses by 2025, and began human rights due diligence by business division. We also formulated and disclosed our forest management policy and forest products procurement policy in March 2022. - FY2021AdvancedAnnual report
「We have selected six important social issues closely related to our Company and established long-term and medium-term targets linked to them.」
We reorganized the six materiality issues identified in 2017 into six important social issues accompanied by long-term and medium-term targets, and incorporated them into resource allocation under SHIFT 2023 and sustainability management. - FY2021-Q1ReframedAnnual report
「We selected six important social issues closely related to our Company and established long-term targets linked to them. The important social issues identified this time are intended to advance the Sumitomo Corporation Group's sustainability management and clarify our commitment to the role we will play in achieving a sustainable society by leveraging our strengths, including human resources, business expertise, global networks and business relationships. Going forward, we will set medium-term targets and KPIs (Note) for the important social issues, promote initiatives addressing each issue and disclose our progress.」
Building on the six materiality issues identified in 2017, we newly reorganized them into six important social issues and long-term targets, and advanced the framework for sustainability management toward setting medium-term targets and KPIs and disclosing progress. - FY2020AdvancedAnnual report
「In October 2019, together with a local Vietnamese company, we established a real estate development company and participated in a smart-city development project covering 272 ha in northern Hanoi. In addition to hospitals, schools, disaster-prevention facilities, security systems and commercial facilities, we are developing green spaces, waterways and avenues of cherry trees. While seeking to create a safe, secure and comfortable living environment and community, we will enhance services as a smart city by introducing 5G, facial recognition and blockchain technology, thereby contributing to the city's sustainable development.」
As an example of applying the six materiality issues, we established a company for a 272 ha smart-city development project in northern Hanoi and participated in a plan including the introduction of 5G, facial recognition and blockchain technology. - FY2020-Q3RestatedAnnual report
「Amid rising expectations for the role companies should play in resolving social issues and growing momentum linking environmental, social and governance (ESG) factors to corporate evaluations and investment decisions, we identified, based on the Sumitomo business philosophy and the Sumitomo Corporation Group's management philosophy (Note 1), the issues that we should prioritize and address by leveraging our strengths through our business activities as the "Six Materiality Issues for Sustainable Growth Together with Society (material issues)," as set out below. We have positioned these as important elements in formulating business strategies and in the decision-making processes for individual businesses.」
We continue to position the six materiality issues for incorporation into business strategy formulation and the decision-making processes for individual businesses. - FY2020-Q2RestatedAnnual report
「Amid rising expectations for the role companies should play in resolving social issues and growing momentum linking environmental, social and governance (ESG) factors to corporate evaluations and investment decisions, we identified, based on the Sumitomo business philosophy and the Sumitomo Corporation Group's management philosophy (Note 1), the issues that we should prioritize and address by leveraging our strengths through our business activities as the "Six Materiality Issues for Sustainable Growth Together with Society (material issues)," as set out below. We have positioned these as important elements in formulating business strategies and in the decision-making processes for individual businesses.」
We continue to position the six materiality issues for incorporation into business strategy formulation and the decision-making processes for individual businesses. - FY2020-Q1RestatedAnnual report
「Amid rising expectations for the role companies should play in resolving social issues and growing momentum linking environmental, social and governance (ESG) factors to corporate evaluations and investment decisions, we identified, based on the Sumitomo business philosophy and the Sumitomo Corporation Group's management philosophy (Note 1), the issues that we should prioritize and address by leveraging our strengths through our business activities as the "Six Materiality Issues for Sustainable Growth Together with Society (material issues)," as set out below. We have positioned these as important elements in formulating business strategies and in the decision-making processes for individual businesses.」
We continue to position the six materiality issues for incorporation into business strategy formulation and the decision-making processes for individual businesses. - FY2019AdvancedAnnual report
「<Myanmar mobile telecommunications business> In Myanmar's telecommunications business, we are contributing to higher mobile phone penetration in the country by providing services meeting Japanese quality standards and creating a network that enables diverse forms of access.」
As examples of applying the six materiality issues in individual businesses, we described the Myanmar telecommunications business and the Minamisoma City solar power generation business. We also held an ESG briefing and engaged in dialogue with investors and others. - FY2019-Q3RestatedAnnual report
「We have positioned the "Six Materiality Issues for Sustainable Growth Together with Society (material issues)" as important elements in formulating business strategies and in the decision-making processes for individual businesses, and will pursue sustainable growth by addressing these issues through our business activities.」
We continue to pursue the policy of incorporating the six materiality issues into business strategy and decision-making for individual businesses. - FY2019-Q2RestatedAnnual report
「We have positioned the "Six Materiality Issues for Sustainable Growth Together with Society (material issues)" as important elements in formulating business strategies and in the decision-making processes for individual businesses, and will pursue sustainable growth by addressing these issues through our business activities.」
We continue to pursue the policy of incorporating the six materiality issues into business strategy and decision-making for individual businesses. - FY2019-Q1RestatedAnnual report
「We have positioned the "Six Materiality Issues for Sustainable Growth Together with Society (material issues)" as important elements in formulating business strategies and in the decision-making processes for individual businesses, and will pursue sustainable growth by addressing these issues through our business activities.」
We continue to pursue the policy of incorporating the six materiality issues into business strategy and decision-making for individual businesses. - FY2018RestatedAnnual report
「We have positioned the "Six Materiality Issues for Sustainable Growth Together with Society (material issues)" as important elements in formulating business strategies and in the decision-making processes for individual businesses, and will pursue sustainable growth by addressing these issues through our business activities.」
We continue to pursue the policy of incorporating the six materiality issues into business strategy and decision-making for individual projects. - FY2018-Q3RestatedAnnual report
「We have positioned the "Six Materiality Issues for Sustainable Growth Together with Society (material issues)" as important elements in formulating business strategies and in the decision-making processes for individual businesses, and will pursue sustainable growth by addressing these issues through our business activities.」
We continue to pursue the policy of incorporating the six materiality issues into business strategy formulation and the decision-making processes for individual businesses. - FY2018-Q2RestatedAnnual report
「We have positioned the "Six Materiality Issues for Sustainable Growth Together with Society (material issues)" as important elements in formulating business strategies and in the decision-making processes for individual businesses, and will pursue sustainable growth by addressing these issues through our business activities.」
We continue to pursue the policy of incorporating the six materiality issues into business strategy formulation and the decision-making processes for individual businesses. - FY2018-Q1RestatedAnnual report
「We have positioned the "Six Materiality Issues for Sustainable Growth Together with Society (material issues)" as important elements in formulating business strategies and in the decision-making processes for individual businesses, and will pursue sustainable growth by addressing these issues through our business activities.」
We continue to pursue the policy of incorporating the six materiality issues into business strategy formulation and the decision-making processes for individual businesses. - FY2017First statedAnnual report
「Amid rising expectations for the role companies should play in resolving social issues and growing momentum linking environmental, social and governance (ESG) factors to corporate evaluations and investment decisions, we identified the issues that we should prioritize and address by leveraging our strengths through our business activities, based on the Sumitomo business philosophy and the Sumitomo Corporation Group's management philosophy, as the "Six Materiality Issues for Sustainable Growth Together with Society (material issues)."」
We identified six material issues and positioned them as important elements in formulating business strategies and in the decision-making processes for individual businesses.