25 November 2024
Chairing the 1st GX Promotion Committee Meeting
A major interest of the Sumitomo Electric Group is to contribute to the realization of a green society. We express this commitment in the slogan of our 2030 VISION: “Living in Safety and Comfort on Our Green Planet.” We also emphasize it in our Mid-term Management Plan 2025, the stated aim of which is “Creating a Green Society Through Our Connecting and Supporting Technologies.”
In line with this direction, the Sumitomo Electric Group has been steadily working on environmental initiatives to reduce CO2 emissions, promote a circular economy, and prevent pollution. But in order to do more, we have established a new GX (Green Transformation) Promotion Committee. This committee will seek to further expand our organization’s environmental value, strengthen our ability to respond quickly and appropriately to changes in environmental regulations in global markets, and enhance our planning capabilities. As chairperson of this new committee, I presided over its first meeting on November 8th and conveyed the following three objectives to the executives in attendance.
1. Strengthen our response to various GX regulations, including climate change.
2. Balance profit growth and CO2 reduction in green-related businesses.
3. Improve internal and external communications about the Group's GX initiatives.
The companies in the Sumitomo Electric Group, working in unison, will continue to make great efforts on specific GX activities as we follow our Five-Way Win management policy and pursue sustainable growth.
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