Tianjin Cosmo Polyurethane Becomes the First Company to Receive SMBC’s China Environmental Assessment Loan



Mitsui Chemicals, Inc.

Tianjin Cosmo Polyurethane Co., Ltd. (President: Mitsugu Kita; “TCPC”), a Chinese subsidiary of Mitsui Chemicals & SKC Polyurethanes Inc. (Co-CEOs: Ki Don Won & Shingo Shibata; Mitsui Chemicals, Inc. 50% / SKC Co., Ltd. 50%), received a “Platinum” ranking from SMBC China and became the first company to receive the newly launched SMBC China Environmental Assessment Loan of the Sumitomo Mitsui Banking Corporation (China) Limited (President: Toshiyuki Tatsuta; “SMBCCN”), a wholly owned subsidiary of Sumitomo Mitsui Banking Corporation (President & CEO: Takeshi Kunibe; “SMBC”).

The new SMBC China Environment Assessment Loan, which supports environmental-friendly activities of companies in China, was jointly developed by SMBCCN and Ernst & Young China. Financing services are provided with reference to assessment results of a customer’s Environmental Management System, which is conducted in accordance to criteria complying with environmental regulations in China.

TCPC, under an integrated environmental management system, received a “Platinum” ranking as a company which proactively implements environment and sustainability (“E&S”) initiatives derived from evaluated E&S opportunities/risks, in alignment to the corporate vision/mission statement. ( Please see http://www.smbc.co.jp/news_e/e600357_01.html

Evaluation points

1.TCPC established and operates a management structure in accordance with ISO14001 requirements and places priority on environmental compliance and risk management. The company has created an Environmental Policy that clearly indicates that environmental preservation is a priority issue.

2.TCPC works to promote environmental targets for air emission, wastewater discharge, and waste generation.

3.TCPC discloses environmental information on the Mitsui Chemicals Group website and the Tianjin Economic Technology Development Area website. In addition, the company actively works to improve employee awareness on environmental protection through training programs and provides environmental management requirements for suppliers to improve the overall environmental management of its supply chain while collaborating with its stakeholders.

TCPC is committed to eliminating environmental risks and will continue to seize opportunities for proactive environmental management.

Reference:Outline of TCPC

Company name Tianjin Cosmo Polyurethane Co., Ltd.
Establishment June 1993
Capital 89.54 million Yuan
Shareholder Mitsui Chemicals & SKC Polyurethanes Inc. 85.1%
Chori Co., Ltd. 14.9%
Location Head office: Tianjin Economical Development Area, Hangu District, Tianjin
Factory: Tianjin Economical Development Area, Suzhou City
Line of business Manufacture and sale of urethane materials and urethane derivatives
Head office of TCPC