2023 marks the first year of our New Mid-Term Plan.
Between now and 2025, the Sumitomo Rubber Group will be pushing ahead with major structural reforms with an eye toward “Selection & Concentration of Our Existing Lines of Business” based on our ongoing efforts to “Enhance Our Organizational Framework” and “Reinforce Our Foundation for Profitability” as part of our groupwide “Project to Reinforce the Foundations of Our Business” as well as new efforts to update our core systems in order to realize DX Management. Through this process, we will be “Laying Groundwork for Growing Lines of Business” while “Sowing the Seeds for a Brighter Future.”Then, from 2026 onward, we will be “Practicing DX Management,” “Optimizing Our Business Portfolio” and “Expanding Growing Lines of Business” as we move ever closer to “Living Up to Our Philosophy.”
Through the promotion of ESG Management, the Sumitomo Rubber Group is actively working to contribute to the solution of various environmental and social issues toward the creation of a more sustainable society throughout all of our business activities.
In light of the accelerating impact of climate change and consequent rapid push toward carbon neutrality as well as many other major recent developments affecting the most pressing issues that our global society faces today, the Sumitomo Rubber Group set forth our “Driving Our Future Challenge 2050” Long-Term Sustainability Policy in 2021 with the dual aims of living up to Our Philosophy and ensuring sustainable growth not only for our group but also for society as a whole.
Our “Driving Our Future Challenge 2050” sets various Challenge Target Themes so that we may actively work to contribute to the solution of various societal issues in three key areas: “Environment,” “Society” and “Governance.” Moving forward, we will continue working to make sure and steady progress on specific Action Plans toward achieving these challenges.
The Sumitomo Rubber Group formulated TOWANOWA with the aim of further accelerating and expanding our efforts to contribute to the environment.
TOWA means “Everlasting” in Japanese, while WA means “Ring,” and so TOWANOWA encapsulates our desire to contribute to the realization of a sustainable future with an everlasting “Value Ring” that provides value not only for Mobility Society but also for the earth’s environment.
Bringing together a “Sustainable Ring” to promote the efficient movement and circulation of resources and goods throughout our Tire Business and a “Data Ring” to link and utilize Big Data gathered from processes throughout our Value Chain, TOWANOWA will propel our ongoing efforts to create new value and achieve carbon neutrality so that we may continually contribute to the development and prosperity of sustainable societies for the future.