4Sumitomo Metal MiningCorporate Profile(Quoted from“Business Principles” forming the “Rules Governing the House of Sumitomo,” formulated in 1928)Over the years, the SMM Group has developed its businesses by diligently putting this philosophy into practice. We will once again fully recognize the importance of the values and ethics inherent in the “Sumitomo’s Business Spirit” cultivated by our predecessors and carry on with efforts to firmly establish the Group’s businesses and public trust in those businesses.SMM Group Corporate PhilosophySumitomo Metal Mining Co., Ltd. (SMM), in accordance with the Sumitomo Business Spirit, shall, through the performance of sound corporate activities and the promotion of sustainable co-existence with the global environment, seek to make positive contributions to society and to fulfill its responsibilities to its stakeholders, in order to win ever greater trust.SMM shall, based on respect for all individuals and recognizing each person’s dignity and value, seek to be a forward-minded and vibrant companySMM Group Management VisionBy improving technical capabilities, we shall fulfill our social responsibilities as a manufacturing enterprise.Based on the principles of compliance, environmental protection and operational safety, SMM Group shall pursue maximum corporate value through the securing of resources and the provision of high-quality materials such as non-ferrous metals and advanced materials via its global network.Article 1 Sumitomo shall achieve strength and prosperity by placing prime importance on integrity and sound management in the conduct of its business.This means that Sumitomo should pursue sound business development by placing importance on the trust of society and relationships of mutual trust and acting with integrity and trustworthiness in all things.Article 2 Sumitomo shall manage its activities with foresight and flexibility in order to cope effectively with the changing times. Under no circumstances, however, shall it pursue easy gains or act imprudently.This means that Sumitomo should incisively identify the latest trends in the needs of society resulting from changes in the era and launch new businesses or terminate existing businesses, without being content with traditional businesses and becoming complacent, and indicates that an enterprising posture is important. At the same time, it means that Sumitomo should under no circumstances pursue profits by unethical means or be tempted by short-term profits and must not act without sufficient study and consideration.The Sumitomo Business SpiritThe origin of the Sumitomo Metal Mining Group dates back to Soga Riemon (1572-1636) ,who developed a copper smelting technique known as nanban-buki. As the successor of this business, Sumitomo has evolved and expanded through such enterprises as copper smelting and mining.Also, Sumitomo Masatomo (1585-1652) wrote and left as his legacy Monjuin Shiigaki, which describes how a merchant should conduct business. The precepts set down in this document deepened into the Sumitomo Business Spirit, which is now the spiritual backbone of the Sumitomo Metal Mining Group. The Sumitomo Business Spirit is described as follows:
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