The purpose of the Foundation is to contribute toward developing human resources and promoting academic activities in various fields both in Japan and overseas.
This purpose comes from "The Sumitomo Electric Group Basic Policies on Social Contributions," which are based on the Sumitomo Spirit and the Sumitomo Electric Group Corporate Principles, on the occasion of the 110th anniversary of its founding in 2007.
The Sumitomo Electric Group Basic Policies on Social Contributions are as follows:
The Sumitomo Electric Group will proactively address voluntary social action programs, as a member of society, focusing on "respect for human resources," "attaching importance to technology," and "creating a better society and environment" in accordance with the Sumitomo Spirit and the SEI Group Corporate Principles, as well as widely contributing to society through its business activities, including the provision of products, technologies and services that benefit society.
The Sumitomo Electric Group shall:
- Globally promote efforts toward the development of human resources, the promotion of research and learning, and environmental conservation;
- Promote community-oriented social contribution activities in the Group's business locations all over the world; and
- Provide continuous support to employees' voluntary social contributions.
The Sumitomo Spirit serves as the underlying philosophy of the company’s business operations. This corporate spirit advocates two business principles stated in the Rules Governing the House of Sumitomo established in 1882:
“…placing prime importance on integrity and sound management” and “pursuing profits by coping efficiently with changing times, while refraining from acting rashly and carelessly in pursuit of immediate temporary profits.” This spirit also embraces other traditional principles that have been passed down over generations, such as “attaching importance to technology,” “respect for human resources,” “long-range planning,” and “mutual prosperity, respect for the public good.”