|Date joined:||20 October, 2003|
|Initiatives:||Principles for Responsible Banking|
Sumitomo Trust’s management model is an indispensable financial institution providing asset management and custody services based on commercial banking. This model guides the operations of the Company’s five business groups, and enables the Company to actively carry out its unique strategies. Net income for fiscal 2004 reached its highest level ever, at ¥96.8 billion. We attribute these achievements to the cooperation and understanding of our shareholders and customers.
Now that our principal concern, which was the repayment of borrowed public funds, has been resolved, Sumitomo Trust is ready to change from a defensive to an offensive management strategy, both in Japan and overseas. We currently have close to 7,000 employees working in 61 domestic offices and 8 offices overseas. This forward-looking management strategy will be founded on investment activities utilizing our competitive edge in trust business and the strengthening of socially responsible management to strive to further advance the Company’s business model and increase Sumitomo Trust’s corporate value.
Sumitomo Trust & Banking Co. & CSR
By adopting the perspectives of all stakeholders and working to grasp the changing needs of the community, including economic, environmental, and social needs, corporations strive to create new levels of value and new markets, reinforce their competitiveness, and achieve sustainable development while at the same time stimulating the economy and building a better society. Based on this concept, we have positioned CSR as a top priority governing our business activities and are creating a more advanced CSR-driven business model. Concentrating on economic, environmental, social and human issues, we are fulfilling our “fundamental responsibilities” as a corporation in the course of our regular business, while promoting CSR activities as “responsibilities to be addressed more proactively.”
Sumitomo Trust & Banking Co. & CSR on the web