Sumitomo Chemical has newly designated five of its Group’s products and technologies as Sumika Sustainable Solutions. This is one of its initiatives to achieve a sustainable society, which marks its eighth anniversary this year. Sumika Sustainable Solutions, now including 71 products and technologies in total, represented annual sales revenue of approximately 682.8 billion yen in FY2022, and their share of the Company’s revenue increased to 24%.

 

Since 2016, Sumitomo Chemical has been working to designate the Group’s products and technologies that contribute to addressing climate change and reducing environmental impact as Sumika Sustainable Solutions, after review and assessment by multiple external experts. The Company aims to increase Sumika Sustainable Solutions sales revenue to 700 billion yen by FY2024, the final year of the current Corporate Business Plan period, and to 1.2 trillion yen by FY2030.

 

The products designated this time include: gallium nitride (GaN) epitaxial wafers for radio frequency wireless communication applications that help reduce power consumption of cellular base stations; biorationals using natural enemy insects that contribute to the implementation of sustainable and environmentally-friendly agriculture; and the SumiLarv 2MR with WALS vector control products for preventing outbreaks and spread of insect-borne infectious diseases, such as dengue fever. All these products and technologies are aligned with the Sustainable Development Goals (SDGs), such as “Take urgent action to combat climate change and its impacts,” and are expected to contribute in their respective areas.

 

In June 2023, Sumitomo Chemical established a new indicator of avoided greenhouse gas (GHG) emissions, called Science Based Contributions (SBC), as an effort to more clearly show the contributions of its products and technologies to carbon neutrality. With the SBC indicator, the Company quantifies and visualizes, through scientific calculations, how much GHG emissions have been reduced in society through the use of selected Sumika Sustainable Solutions technologies and final products that are expected to reduce definite amounts of GHG emissions. The SBC indicator in FY2022 totaled 8.30 million tons of CO2e (carbon dioxide equivalent). Sumitomo Chemical will utilize the SBC as one of its major indicators set for promoting proactive information disclosure to its stakeholders and advance its efforts to achieve carbon neutrality globally.

 

The Sumitomo Chemical Group will continue to work as one to create solutions that contribute to building a sustainable society by leveraging the diverse technologies that it has cultivated as a diversified chemical company.