Sumitomo
Sumitomo Corporation, a prominent player in the global trading and investment landscape, is headquartered in Tokyo, Japan. Founded in 1919, the company has established a strong presence across various operational regions, including Asia, Europe, and the Americas. As a diversified conglomerate, Sumitomo operates in multiple industries, including metals, machinery, chemicals, and infrastructure development. The company is renowned for its core services in resource development, logistics, and financial services, which are distinguished by their commitment to sustainability and innovation. With a rich history marked by key milestones, Sumitomo has consistently positioned itself as a leader in the market, achieving notable accolades for its contributions to economic development and environmental stewardship. Its unique approach to business, combining traditional values with modern practices, sets Sumitomo apart in the competitive landscape.
DitchCarbon Score
How does Sumitomo'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 Electricity from Other Sources 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's score of 43 is higher than 67% 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's reported carbon emissions
In 2023, Sumitomo Corporation reported total carbon emissions of approximately 5,102,000,000 kg CO2e. This figure includes 4,485,000,000 kg CO2e from Scope 1 emissions, 572,000,000 kg CO2e from Scope 2, and 25,070,000 kg CO2e from Scope 3 emissions, which encompass business travel (21,510,000 kg CO2e), employee commute (580,000 kg CO2e), and upstream transportation and distribution (2,970,000 kg CO2e). The company has set ambitious climate commitments, aiming for carbon neutrality across its operations by 2050. Additionally, Sumitomo plans to reduce its overall CO2 emissions by 50% or more by 2035, using 2019 as the baseline year. Specific targets include a 40% reduction in CO2 emissions from its power generation business by 2035, with a focus on transitioning its energy portfolio to include 20% coal-fired, 50% gas-fired, and 30% renewable sources. In previous years, Sumitomo's emissions were significantly lower, with 2,081,000,000 kg CO2e reported globally in 2022, which included 1,528,000,000 kg CO2e from Scope 1 and 553,000,000 kg CO2e from Scope 2. The company has demonstrated a commitment to reducing its carbon footprint and aligning with global climate goals, reflecting a proactive approach to sustainability within its corporate strategy.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 934,276,000 | 000,000,000 | 000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 752,378,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | - | - | - | - | 00,000,000 |
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 is not participating in any 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.
