CSR for ITOCHU Corporation
ITOCHU Corporation is pursuing multi-facetted corporate activities in various regions of the world and a wide rangeof fields, and as such, ITOCHU is well aware of how significant its impact on society is.
In April 2009, ITOCHU joined the United Nations’ Global Compact. We will continue to contribute to building
sustainable societies through our business activities, “Committed to the Global Good” also in the future.

Basic perspectives on CSR at ITOCHU

ITOCHU’s participation in the United
Nations Global Compact

The unprecedented worldwide recession, triggered by thefinancial crisis in the US in autumn 2008, casts even more
light on the various problems lingering in our presentsociety, global warming and other environmental problems
as well as social and other issues.
In this situation, the corporate sector, being the driving
force of economic activities, is strongly required to contribute to solutions of these problems in cooperation with thepublic sector and the citizen sector.
ITOCHU Corporation believes that CSR means that acompany acts while asking itself how it can fulfill its role forthe development of a sustainable society through its corporate activities. Our work only becomes a long-term asset ofour company when society recognizes its meaning. We
believe that our mission is to fulfill our Corporate Social
Responsibility as a global enterprise, always working fromthe viewpoint of whether we are contributing to the countries of the world and to society.

In April 2009, ITOCHU Corporation
joined the “Global Compact” advocated by the United Nations. This isbecause we support the ten principlesof the Global Compact, a global
initiative to achieve sustainable growthof the international community, inorder to fulfill our CSR even more actively as a global enterprise following our corporate mission Committed to theGlobal Good.
In the compliance of the Global Compact’s ten principles
in the areas of human rights, labour, environment andanti-corruption, ITOCHU will continue to meet the demands
from various stakeholders of the international community.

The roots of CSR, sampo yoshi
The founding of ITOCHU Corporation can be traced back toas far as 1858 when our founder Chubei Itoh started a wholesale business for linen. Chubei based his business on the spiritof sampo yoshi, a management philosophy of the merchants
in Ohmi, where he was born. This philosophy is the origin of
our present CSR, which stipulates that “companies should dobusiness that is balanced among multiple stakeholders,” andthe spirit of this philosophy has been handed down fromgeneration to generation in our company. The year 2008
marked the 150th anniversary of our founding. Building on
our history that we moved through together with the philosophy sampo yoshi, we will practice our CSR that is rooted inthis principle also during the next 150 years.

“Itoh Itomise” thread and yarn store at the time of its opening in 1893

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ITOCHU Corporation CSR Report 2009

The Ten Principles of the United Nations Global Compact
Businesses should support and respect thePrinciple 1: protection of internationally proclaimed
human rights; andHuman rights
make sure that they are not complicit inPrinciple 2:
human rights abuses.

LabourBusinesses should uphold the freedom ofPrinciple 3: association and the effective recognition ofthe right to collective bargaining;
the elimination of all forms of forced andPrinciple 4:compulsory labour;
Principle 5: the effective abolition of child labour; andthe elimination of discrimination in respect
Principle 6:of employment and occupation.

Environment

Businesses are asked to support aPrinciple 7: precautionary approach to environmental
challenges;
undertake initiatives to promote greater
Principle 8:environmental responsibility; andencourage the development and diffusion ofPrinciple 9:environmentally friendly technologies.

Anticorruption

Principle 10: Businesses should work against corruption in
all its forms, including extortion and bribery.

Approach to CSR promotion at ITOCHU
Corporation
We at ITOCHU Corporation believe that fulfilling our social
responsibility through our business activities is important. To
make sure that CSR is systematically implemented involving
the whole organization, we established basic policies for
CSR promotion as a corporate-wide policy and drafted CSR
action plans in each organization to promote CSR.
In addition, we communicate with our various stakeholders to grasp the expectations and demands of society
towards our company and leverage these for the promotionof CSR.

CSR promotion system at ITOCHU
Corporation

CSR promotion through CSR action plans
ITOCHU Corporation is developing businesses covering alarge number of fields and industries in seven Division
Companies. To reliably promote CSR in our businesses, eachDivision Company defines the CSR issues that are importantin its business and formulates the “CSR action plans,” andexecute them based on a PDCA cycle system.
In actual practice, the responsible sales divisions draft andexecute the CSR action plans under the lead of the generalmanager of the Planning and Coordination Department andthe staff in charge of CSR promotion of each Division
Company. Since 2008, we have also been seeking to continuously improve the level of our action plans by receiving
objective opinions from a third-party perspective in ourchecking process in the PDCA cycle.
CSR action plans are also formulated and exercised byeach organization such as the Headquarters’ administrative
divisions, domestic branches and offices as well as overseas
bases in line with the respective businesses and functions. A
pillar of our CSR promotion is that every employee understands the plans and steadily executes them in his or herjob.

Established in April 2005, the CSR Promotion Department
makes proposals for CSR promotion measures, which theCSR Committee examines and discusses. We have also set
up a “CSR Report Editing Taskforce” consisting of members
from each Division Company and related administrativedivisions to discuss the preparation of the CSR Report andpromotion measures for CSR.
t CSR promotion system
CSR Committee
Examination and promotion of CSR policies and measures

CSR Promotion Department
Planning and proposal of CSR measures

CSR Report Editing Taskforce Meeting
Discussion of CSR Report production and CSR promotion measures

Division CompaniesHeadquarters
administrative divisions

Domestic branchesand offices

Overseas blocs/offices

Each organization prepares and implements CSR action plans

CSR approaches through dialogue with our stakeholders
In each and every one of our wide range of corporate activities, we always take care to avoid arbitrary logic
and judgments. For this reason, in our approaches to CSR as well, we engage in dialogue with our stakeholders based on the premise that judgments in society are by definition correct.
Global environmentt Major stakeholders of the ITOCHU GroupFor all of our shareholders and investors, weendeavor to provide the right information, in
the right amounts and at the right time, so thatthey can make proper decisions on the path weshould follow as a good corporate citizen.

It is vital for us to work cooperatively with
suppliers in consideration with the gravity of
the impact our products and services impose
on society and the environment.
We strive to pay full attention to social andenvironmental impacts through supply chain
management.

We are determined to ascertain the needs ofclients, constantly offer goods and services withhigh levels of safety, security and quality, andpractice a highly transparent disclosure of
information about our goods and services.
We also aim to deepen interaction with clientsin joint development of products and businessthat contribute to society, in order to assist
their advancement and the creation ofsustainable societies.

Internationalsociety
Shareholders
andinvestors

Employees

ITOCHUGroup

Suppliers

Clients

Local
communities

Consumers

Our employees are valuable assets in ouractivities as a Sogo Shosha. We foster a work
environment conductive to a full exercise ofcapabilities by our diverse employees while
improving our personnel systems, in order foremployees to feel motivated and fulfilled.

We conduct various corporate activities aroundthe world. At each location, we need to coexist
with local communities as a good corporate
citizen. We continue to value communication
with local communities and contribute to theirdevelopment.

The end users of our goods and services areconsumers around the world. We strive toenrich consumer life by keeping customer
satisfaction in mind and providing safe andsecure goods and services.

l Besides those noted above, the list of our major stakeholders includes many other parties, such as NGOs and NPOs, financial institutions, government ministries
and agencies, mass media, and the coming generations.
ITOCHU Corporation CSR Report 20098