Sumitomo Bakelite
Sumitomo Bakelite Co., Ltd., a leading player in the advanced materials industry, is headquartered in Japan. Established in 1913, the company has evolved significantly, marking key milestones in the development of high-performance plastics and resins. With a strong presence in Asia, Europe, and North America, Sumitomo Bakelite excels in sectors such as automotive, electronics, and industrial applications. The company is renowned for its innovative core products, including phenolic resins and thermosetting plastics, which are distinguished by their durability and heat resistance. Sumitomo Bakelite's commitment to research and development has solidified its market position, making it a trusted partner for various industries. Notable achievements include advancements in eco-friendly materials, reflecting the company's dedication to sustainability and technological excellence.
DitchCarbon Score
How does Sumitomo Bakelite's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Salt and Mineral Mining industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Sumitomo Bakelite's score of 52 is higher than 96% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Sumitomo Bakelite's reported carbon emissions
In 2023, Sumitomo Bakelite reported total greenhouse gas emissions of approximately 157,000,000 kg CO2e, comprising 27,482,000 kg CO2e from Scope 1, 40,114,000 kg CO2e from Scope 2, and 74,757,000 kg CO2e from Scope 3 emissions. The company has set ambitious near-term targets to reduce its absolute Scope 1 and 2 emissions by 48% by FY2030, using FY2021 as the baseline. Additionally, it aims to cut Scope 3 emissions from purchased goods and services, upstream transportation and distribution, waste generated in operations, and end-of-life treatment of sold products by 25% within the same timeframe. Historically, in 2021, Sumitomo Bakelite's total emissions were approximately 246,000,000 kg CO2e, with Scope 1 emissions at 95,193,000 kg CO2e, Scope 2 at 147,567,000 kg CO2e, and Scope 3 at 1,146,000,000 kg CO2e. This indicates a significant focus on reducing emissions across all scopes as part of their climate commitments. The company is committed to aligning its emissions reduction targets with the Science Based Targets initiative (SBTi), ensuring that its strategies contribute to limiting global warming to 1.5°C. Sumitomo Bakelite's proactive approach reflects its dedication to sustainability and climate responsibility within the chemicals sector.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 90,643,000 | 00,000,000 | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 145,869,000 | 000,000,000 | - | 000,000,000 | 000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | 000,000,000 | 0,000,000,000 | 00,000,000 | 00,000,000 | 000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Sumitomo Bakelite is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
