News from Notch Consulting, Inc.

November 26, 2018

Sumitomo adopts sustainable natural rubber policy

Filed under: Rubber — Notch @ 8:30 pm

Sumitomo Rubber Industries, Ltd. recently announced its participation in the launch of the Global Platform for Sustainable Natural Rubber (GPSNR). As a founding member of GPSNR, the Sumitomo Rubber Group has also established its own “Sustainable Natural Rubber Policy” with the aim of making natural rubber a sustainable resource for the future. The establishment of this new platform, which aims to set global standards for sustainable natural rubber, was initiated by the CEOs of the World Business Council for Sustainable Development (WBCSD) Tire Industry Project (TIP) in November of 2017 and finalized with a launch event held in Singapore on October 25, 2018.

Sumitomo’s Sustainable Natural Rubber Policy is founded on the following six principles:

1. Zero Deforestation & Environmental Considerations (Reducing Our Environmental Footprint)
2. Respecting Human Rights
3. Ensuring Thorough Compliance
4. Enhancing Transparency & Traceability (The ability to clearly trace the natural rubber supply chain (place of origin, distribution channels, etc.)
5. Improving Agricultural Productivity (Supporting Natural Rubber Supply Chains on the Upstream Side)
6. Promoting Health & Safety Considerations

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