If greenhouse gas (GHG) emissions from the Sumitomo Rubber Group’s business activities further exacerbate climate change, we believe what will be affected most in our business activities are rubber, raw materials for tires; and water, used in the process of manufacturing products. Based on this recognition, we understand that the elements of our priority issues, “climate change,” “resource circulation,” and “biological resources,” are interrelated with each other, and thus, need to be addressed through an integrated approach, rather than being addressed independently, and have moved forward with an integrated approach to these elements.
In line with the Sumitomo Rubber Group’s Long-Term Sustainability Policy: “Driving Our Future Challenge 2050,” we verify results achieved thus far against targets specified under this policy and then formulate targets for the upcoming fiscal year.
Here, we present targets and results for each item.
Targets under the Long-Term Sustainability Policy | Plan: Fiscal 2023 Target | Do: Fiscal 2023 Activity Results | Check: Self-Assessment | Action: Fiscal 2024 Target | |
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Product Innovation | |||||
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・Undertake development with an eye to commercializing next-generation Tires equipped with ACTIVE TREAD technologies in 2024
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・Announced the newly developed next-generation Tires equipped with ACTIVE TREAD technologies at the Japan Mobility Show 2023
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100% |
・Scheduled to release next-generation Tires equipped with ACTIVE TREAD technologies in October 2024
・Launch SENSING CORE in 2024
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・Initiate product planning aligned with the sustainable product certification system and develop an internal structure to this end
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・Set target values
Securing a Standard Certification Rate of 100%, including a Gold Certification Rate of 30% (2030) ・Launched company-wide activities for the sustainable product certification system, and promoted the development of product planning based on the system
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100% |
・Promote further development of product planning toward 2030
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Carbon Neutrality | |||||
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・21% reduction compared to 2017 levels
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・30% reduction compared to 2017 levels
・Achieved successful reduction initiatives at each base and raised our 2030 reduction target from 50% to 55%
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More than 100% |
・44% reduction compared to 2017 levels
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・Set targets for 2023
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・Publicly announced our targets for categories 1, 4, 11, and 12 of Scope 3
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100% |
・Implement initiatives toward a 25% reduction in Category 1 and a 10% reduction in Category 4 compared to 2021 levels (2030)
・Complete the SBT certification process
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Initiate the mass-production of Tires manufactured via a carbon-neutral process in terms of CO2 emissions |
・Initiated the mass-production of Tires manufactured via a carbon-neutral process in terms of CO2 emissions in January
・Continued to confirm issues associated with the around-the-clock operation of hydrogen boilers
・Updated the target
Introducing hydrogen production equipment for use in hydrogen boilers (2025) |
100% |
・Address issues with continuous operation of hydrogen boilers
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Resource Circulation Sustainable Raw Materials | |||||
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・Continue discussions to raise the recycling rate
・Continue discussions to identify candidates for alternative raw materials
・Discussed facility upgrades and developed a plan to introduce novel types of raw materials
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Tires:
・Continued discussions to raise the recycling rate
・Continued discussions to identify candidates for alternative raw materials
・Discussed facility upgrades and developed a plan to introduce novel types of raw materials
・Exhibited PC Tires made with 80% sustainable raw materials at the Japan Mobility Show
Sports:
・Announced the environmentally-friendly concept golf ball, SRIXON Z-STAR+e (not for sale)
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100% |
・Continue developing formulations using sustainable raw materials to achieve the 2030 target
・Continue discussions to raise the recycling rate
・Continue discussions to identify candidates for alternative raw materials
・Discuss facility upgrades while planning measures to introduce novel types of raw materials
・Increase the ratio of sustainable raw materials toward the 2030 target
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・Continue striving to reduce plastic usage in packaging materials, etc.
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・Started initiatives to reduce plastic used in tyre labels
・Worked to eliminate plastic used in tyre packaging materials
・Changed the lids and labels on tennis ball packages to paper and the plastics used in those packages to recycled plastics (30% content) in Japan
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100% |
・Enhance initiatives to reduce plastic used in tyre labels
・Continue working to eliminate plastic used in tyre packaging materials
・Change the lids and labels on tennis ball packages to paper and the plastics used in those packages to recycled plastics overseas
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Water Resources | |||||
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・Specify bases with high water risk and formulate action plans
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・Specified bases with high water risk, formulated action plans, and held explanatory meetings at the target bases
・Achieved 100% water recycling rate at the Thailand Factories (Nos. 1 and 2 factories)
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100% |
・Create a scenario for achieving 100% water recycling at bases with high water risk
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Supply Chain Management for the Environment | |||||
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・Continue participating in the Global Platform for Sustainable Natural Rubber (GPSNR) to establish a framework and structure that enables us to remain attuned with industrial trends
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・Established a system that allows us to respond to other companies and to the industry without delay and without excess or deficiency
・EU Deforestation Regulation (EUDR): Cooperated with suppliers and related parties to build a foundation that will allow us to comply with it from its enforcement date
・GPSNR: Promoted discussions about KPIs within the industry
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100% |
・Specify goals and target values for GPSNR KPIs, and reflect them in the Mid-Term Plan
・Strengthen our cooperative relationships with suppliers and other related parties to ensure that we understand EU requirements and comply with EUDR
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