Basic Policy on Sustainability

Sustainability Promotion at ITOCHU Corporation

ITOCHU Corporation believes in the importance of fulfilling its social responsibilities through the continuous enhancement of sustainable corporate value with its core business, in accordance with the ITOCHU Mission "Committed to the Global Good," in the spirit of Sampo Yoshi (good for the buyer, good for the seller, and good for society), the management philosophy of merchants in the province of Ohmi that has been embraced by the company for over 160 years since its founding in 1858.

The corporate message "I am One with Infinite Missions" expresses the intention contained in the corporate philosophy "Committed to the Global Good."

In order to promote sustainability over the medium to long terms, ITOCHU Corporation developed a direction for the promotion of sustainability as the Basic Policy on Promotion of Sustainability based on the spirit of the original management philosophy Sampo Yoshi, by integrating and consolidating existing Basic Policies for CSR Promotion and Environmental Policy from an ESG perspective.

The Basic Policy on Promotion of Sustainability is as follows:

Basic Policy on Promotion of Sustainability

[Ⅰ]Basic Philosophy

ITOCHU Group, conducting business globally under the spirit of Sampo Yoshi, the management philosophy of merchants in the province of Ohmi, considers that addressing global environmental and social issues is one of the top priority issues in its management policy. We contribute to the realization of a sustainable society based on the ITOCHU Group Code of Conduct, in order to achieve the goals of The ITOCHU Group Corporate Philosophy, "Committed to the Global Good."

[Ⅱ]Activity Guidelines

In keeping with the basic philosophy presented above, ITOCHU Group sets out the following activity guidelines to promote its sustainability.

(1) Identification of material issues and promotion of businesses that address the social issues

As a member of the international community, we seek to identify sustainability issues that lead to the sustainable growth of society as well as our businesses, and aim to enhance corporate value through our business activities.

(2) Establishment of mutual trust with society

We continue to address society's expectations and requests by increasing the disclosure of information and facilitating two-way dialogues with stakeholders. By pursuing these initiatives, we aim to become a trusted Group.

(3) Strengthening of supply chains and business investment management that lead to sustainable use of natural resources, with consideration for the environment and respect for human rights

In pursuing business activities, we respect the legal systems of each country and international rules, and strive to prevent the occurrence of environmental pollution and/or human right and labor issues that threaten our lives. In addition, we give due considerations to the mitigation of, and adaption to climate change, the preservation of the global environment, such as the conservation of biodiversity and ecosystems, and human rights issues.

We endeavor to grasp the utilization status of natural resources (such as air, water, land, food, minerals, fossil fuels, animals, plants, and others) and conditions of consideration for human rights and labor issues in the businesses that we invest and on the supply chains related to the products that we handle. We request our business partners to understand and implement our concept of sustainability, and aim to build a sustainable value chain.

(4) Education and awareness of employees to promote sustainability

We conduct employee education and awareness activities to deepen their awareness about solving social issues since promoting sustainability rests in the hands of individual employees.

All employees observe the domestic and foreign laws and regulations along with other requirements to which we have subscribed, and execute the action plans of each organization, based on this policy. Through this approach, ITOCHU aims to contribute to society through its business.

April 2018
Masahiro Okafuji
Chairman & Chief Executive Officer