Contributing to Return of Natural Capital
Under its SEKISUI Environment Sustainability Vision 2050, SEKISUI CHEMICAL Group declared that it would contribute to returns greater than the natural and social capital it uses. Natural capital will be returned through, for example, product evaluation systems based on sustainability and global environmental conservation activities.
Co-existing with the Global Environment Through Business Activities and Products
SEKISUI CHEMICAL Group is working to address issues in the natural environment and social environments aimed at improving sustainability of the earth and society with a long-term approach. Aiming to realize an earth with maintained biodiversity in 2050, the Group is committed to and will pursue activities that help return more natural and social capital back to the planet than it uses through the three initiatives: expand and create Products to Enhance Sustainability, reduce environmental impact*, and conserve the natural environment.
- For more information, see Use of Natural Capital.
Promoting solutions for issues on the natural environment and social environment while establishing a product evaluation system to increase the sustainability of the earth and societyBetween fiscal 2006 and fiscal 2019, the Group internally certified as Environment-Contributing Products those products that demonstrated a high level of environmental contribution when used by customers, and has committed and promoted further expansion of those Products.
From fiscal 2020, the Group has evolved its sustainability-based product evaluation system as Products to Enhance Sustainability.
The premise for Products to Enhance Sustainability remains the same: products that have demonstrated a high level of environmental contribution toward solving natural and social environmental issues when used by customers. We believe contributions that improve the sustainability of the earth and society specifically help solve issues facing the natural environment and social environment.
In addition, corporate sustainability and product sustainability that enables ongoing product manufacturing is important for SEKISUI CHEMICAL Group in order to continuously create and provide products that help solve issues in the external environment.
Based on this, SEKISUI CHEMICAL Group launched measures under the new Products to Enhance Sustainability banner as a product evaluation system to promote the improvement of sustainability of the earth, society, and products.
In addition, our three-year Medium-term Plan from fiscal 2020 will pursue measures to improve sustainability underpinned by our Products to Enhance Sustainability by strategically selecting growth products within our premium framework.
In addition, in order to sustain our contribution to solving issues, we have started to carry out confirmation and evaluation of sustainability for each product. In addition to our Company and raw material suppliers, we also check the current status of customers, such as governance (internal control), environment, and customer satisfaction.Through confirmation and evaluation, we will discover common issues and good practices, implement measures to solve the issues, and carry out horizontal development.
Environmental ConservationWhile SEKISUI CHEMICAL Group has to date engaged in activities with the goal of conserving the natural environment mainly in Japan, it has continued to expand the scope of its activities in a bid to realize business sites that coexist in harmony with local environments globally since fiscal 2020. We have, for example, put in place plans to extend efforts to improve the quality of green spaces of our business sites in Europe.