SEKISUI CHEMICAL CO., LTD. (President: Keita Kato; hereinafter, “SEKISUI CHEMICAL”) concluded a capital and business partnership agreement with Circularise B.V. (Headquarters: The Hague, Netherlands; Representatives: Jordi De Vos and Mesbah Sabur; hereinafter, “Circularise”), which develops a supply chain traceability system for circular economy.
Going forward, SEKISUI CHEMICAL aims to further promote circular economyand increase the value of products to enhance sustainability by participating in the construction of a digital platform through collaborating with Circularise.
SEKISUI CHEMICAL Group aims to realize a circular economy in 2050 and create a sustainable society. To achieve this long-term goal, we aim to realize a circular economy through our business by working with the supply chain, minimizing the amount of fossil-derived materials used, and promoting resource recycling. We have also defined resource recycling as one of the important keywords for realizing our long-term vision “Vision 2030,” including current businesses and innovative areas.
On the other hand, our partner, Circularise, has also discovered the social issue of information sharing (management, tracking, and certification) in the supply chain, which is indispensable for the realization of circular economy, and has developed a unique supply chain traceability system that utilizes blockchain and zero-knowledge proof (*1). This system enables the management, tracking, and certification of environment-related information such as raw materials, recycling history, mass balance, carbon footprint, and third-party certifications on a highly reliable platform, while also ensuring the concealment of confidential information.
Circularise Supply Chain Traceability System in Circular Economy
(*1) Zero-knowledge proof
Cryptographic techniques that demonstrate to others the accuracy or validity of information without making the information itself explicit when proving it.
2.Details of the Business Partnership and Future Initiatives
SEKISUI CHEMICAL has signed a capital and business partnership to participate in the construction of an information sharing platform, including the Digital Product Passport, and to further enhance the value of and expand products to enhance sustainability. Through this partnership, SEKISUI CHEMICAL will further promote circular economyand contribute to realize a sustainable society.
SEKISUI CHEMICAL is accelerating collaboration with startup companies and academias to expand and strengthen ESG management and strategic business areas. For the exploration of new technologies and businesses, SEKISUI CHEMICAL will continue to engage in similar partnerships in the future.
[Reference] Overview of Circularise
|Wilhelmina van Pruisenweg 35, 2595 AN, Den Haag, Netherlands
|Jordi de Vos/Mesbah Sabur
|Development of a supply chain traceability system for circular economy
|（5）Year of establishment
About SEKISUI CHEMICAL Group
Headquartered in Japan, SEKISUI CHEMICAL CO., LTD. (TSE: 4204) and its subsidiaries make up the SEKISUI CHEMICAL Group. 26,000 employees in over 180 companies throughout 21 countries and regions aim to contribute to improving the lives of the people of the world and the earth’s environment. Thanks to a history of innovation, dedication and a pioneering spirit, SEKISUI CHEMICAL now holds leading positions in its three diverse business divisions as well as top global market share in interlayer film, foam products, conductive particles and more.
Since its foundation in 1947, the SEKISUI CHEMICAL Group has dedicated itself to social and environmental contribution and is now an internationally recognized leader in sustainability and environmental initiatives, having recently been selected as one of the Global 100 most sustainable companies. SEKISUI CHEMICAL Group will continue to maintain a strong corporate presence for 100 years and beyond.
SEKISUI CHEMICAL CO., LTD.
Corporate Communication Department
This press release may contain forward-looking statements. Such forward-looking statements are based on current expectations and beliefs and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements due to changes in global economic, business, competitive market and regulatory factors.