Sumitomo Heavy Industries : Wins Bronze Rating from EcoVadis, the International Sustainability Rating Agency
September 09, 2021 at 02:42 am
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The Sumitomo Heavy Industries Group has received a Bronze rating from EcoVadis, the international sustainability rating agency headquartered in France. EcoVadis rates the sustainability of over 75,000 supplier companies across 160 countries around the world based on four criteria: environment, labor and human rights, ethics, and sustainable procurement. Companies are rated Bronze when they fulfill certain criteria, one of which is scoring in the top 50% of the industry. We have obtained the Bronze rating with a score in the top 40% of the general-purpose machinery manufacturing sector.
In the Medium-Term Management Plan 2023 that covers the period from fiscal 2021 to 2023, we have set a basic policy composed of 'Contribution to society through promotion of CSV' and 'Realization of sustainable SHI Group.' We are focusing on the reduction of environmental burdens, promotion of diversity, improvement in compliance, responsible procurement practices, and ESG disclosures.
As we have received this rating, we will work even harder on these tasks and will continue to develop as a company that is trusted by its stakeholders.
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Sumitomo Heavy Industries Ltd. published this content on 09 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 September 2021 06:41:02 UTC.
Sumitomo Heavy Industries, Ltd. specializes in the design, manufacturing and marketing of industrial and construction equipment. Net sales break down by family of products as follows:
- construction equipment (29.3%): hydraulic excavators, cranes, road machinery, etc.;
- precision machinery (20.8%): molding machines by injection, electric injection molding machines, medical use cyclotrons, etc.;
- equipment for environment protection (19.8%): energy generators, industrial wastewater processing systems, air pollution control units, etc.;
- machinery components (14.4%): power transmission and control systems (gears, power inverters, geared motors, gearboxes, etc.), motors, mechanical coupling systems, etc.;
- industrial equipment (11%): handling systems, logistic equipment, gas turbines, pumps, etc.;
- ships (4%);
- other (0.7%).