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Published in:
2020 | OriginalPaper | Chapter
1. Teigo Iba: A Pioneer of Management Aimed at Creating Shared Value
Authors : Masaatsu Takehara, Naoya Hasegawa
Published in: Sustainable Management of Japanese Entrepreneurs in Pre-War Period from the Perspective of SDGs and ESG
Publisher: Springer Singapore
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Abstract
As the CEO of Sumitomo Zaibatsu (industrial conglomerate), Teigo Iba focused on modernizing its business and organization. Sumitomo grew with the management of the Besshi Copper Mine in Ehime Prefecture as its core business and made a great contribution to the modernization of industry in Japan during the Meiji Era (1868–1912). However, the sulfurous acid gas generated from the copper smelting process in the Besshi Copper Mine caused smoke pollution and brought severe damage to the natural environment and agriculture in the area. Iba was transferred to the Besshi Copper Mine as a manager and he tackled to solve the smoke problem by relocating the copper smelter to an uninhabited island and leading a large-scale reforestation project. Today, Iba is recognized as a pioneer of CSR in Japan. Iba set the sustainable growth of companies and society as Sumitomo’s corporate philosophy, and entrusted its inheritance to Masaya Suzuki as Iba’s successor.