On January 18, 2023, SUMIDA CORPORATION (hereinafter “Sumida”) entered into an “ESG-Management Support Loan” agreement provided by MUFG Bank, Ltd. 

The “ESG Management Support Loan” is an ESG assessment-based product of MUFG Bank Ltd. and is aimed at supporting corporate ESG-related initiatives (Environment, Society, Governance).

The ESG assessment is based on an evaluation and rating of ESG-related initiatives using assessment criteria defined by Mitsubishi UFJ Research and Consulting Co., Ltd. and is conducted in collaboration with the Japan Credit Rating Agency Ltd. that specializes in certifying green finance. After conducting a fair assessment, Mitsubishi UFJ Research and Consulting Co., Ltd. gives feedback on issues to be solved. To be eligible for this loan, the evaluation results must exceed a certain level.  

According to the MUFG ESG assessment, Sumida’s efforts were rated as “advanced ESG management.” 

Sumida Group is a global leader in design and manufacture of coil-related components and module products. We provide our customers with various components and module products such as EV/xEV-related on-board chargers, traction motor systems and rapid charging stations, as well as smartphone-related components and transformers and reactors for solar power.

Sumida has provided many kinds of environmentally friendly products including EV/xEV-related products and components for solar power. We are determined to make further efforts to contribute to power saving and decarbonization.

【Highly rated ESG initiatives】

• Sumida’s CEO has expressed his firm commitment to the ESG initiatives in the CSR report. In addition, a CSR committee to drive forward the ESG initiatives has been established, where their action plans are constantly reviewed.
• Sumida centrally controls its subsidiaries by using common management systems to its entire group such as ISO14001.
• “Society” has been defined as one of the focused areas in Sumida’s mid-term business plan, in which the company policies have been established under the theme of becoming a company respected by the society. As initiatives for society, Sumida officially announced policies of quality controls as well as safety and health, commitment to stakeholders (customers, shareholders, employees, suppliers, communities and others) and code of conduct.
• To cope with risks which Sumida faces in an appropriate manner, a “Risk Management Committee” was established which is composed of six members from the management team and directors to identify risks and discuss their counter measures from multiple perspectives.