Sumitomo Electric Group has set greenhouse gas emissions reduction targets of carbon neutrality under Scopes 1+2 (own manufacturing greenhouse gas emissions) by 2050. As a milestone, Sumitomo Electric Group aims to achieve an annual reduction of over 4.2%, totaling more than 50% reduction from the fiscal 2018 level by fiscal 2030. Additionally, Sumitomo Electric Group is working toward a 30% reduction in Scope 3 (the upstream and downstream parts of the supply chain) by 2030 compared to fiscal year 2018 levels.

Sumitomo Electric Group has long promoted the Reduce, Reuse, Recycle (3Rs) to reduce environmental impact, including minimizing defects at production sites, reducing waste generation, promoting internal reuse and the recovery of valuable materials, and reducing water consumption. Toward FY 2028, we will not only work to reduce and recycle waste generated during the production process, but also promote the use of recycled materials in our raw materials. Furthermore, Sumitomo Electric Group will now design products and services with recycling and reuse as fundamental considerations from the outset stage. This approach aims to minimize the use and consumption of new resources, maximize added value through efficient resource utilization, and ultimately realize a circular economy.

In Sumitomo Electric Group's operations, we benefit from the blessings of nature (ecosystem services) through the procurement of raw materials and the manufacturing of products. Sumitomo Electric Group believes that in order to continue our operations, we need to contribute to ecosystem conservation and local environmental protection.
With a basic understanding that the environmental burdens associated with our business activities impact biodiversity, Sumitomo Electric Group aims to understand the overall environmental burden and take action to reduce it, promoting community-based environmental initiatives at each of our facilities.
Specifically, Sumitomo Electric Group aims to implement over 300 activities to restore natural environments, including biodiversity conservation and local environmental protection, in over 20 countries and regions ahead of FY 2030 as part of our "Eco-Activities 2030."