Sumitomo Bakelite Co Ltd 2024 Sustainability Report
Company: Sumitomo Bakelite Co Ltd
Sector: Manufacturing
Country: Japan
Year: 2024
Type: Sustainability Report
Pages: 5
The report describes Sumitomo Bakelite's FY2024 record sales revenue of ¥300 billion and business profit of ¥30 billion, while noting impairment-related challenges in North America. It highlights 12 newly formulated sustainability material issues and targets to raise SDG-contributing products to 70% by 2030 and reduce GHG emissions by 48% compared with FY2021. The company is also advancing portfolio transformation across ICT, mobility, and healthcare, alongside human-capital and DE&I initiatives. Following three accidents, management reaffirmed that safety is the first priority of all.
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