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.