KOBE, Japan (Oct. 14, 2016) — Sumitomo Rubber Industries Ltd. (SRI) has agreed to support the Sustainable Natural Rubber Initiative established by the International Rubber Study Group (IRSG), saying it reflects its “ongoing commitment to preserving the environment and fulfilling our various corporate social responsibilities.”
The IRSG's NR initiative is an effort designed to help establish a sustainable global natural rubber economy that balances economic, environmental and social needs throughout the entire NR supply chain — from production to consumption, according to Sumitomo Rubber.
The initiative establishes guidelines for five aspects of NR supply chain while promoting continuous improvement among participating companies:
- Supporting improvements of productivity;
- Improving the quality of natural rubber;
- Supporting forest and woodland sustainability;
- Water usage management; and
- Respecting basic human rights and labor right
In announcing its decision to sign on to the IRSG guidelines, Sumitomo Rubber noted that natural rubber, by weight, accounts for about 30 percent of the materials used to make a standard tire.