Sumitomo

Sumitomo's reported carbon emissions

In 2025, Sumitomo Corporation reported total emissions of approximately 18.1 billion kg CO2e, with emissions primarily from Scope 3, which accounted for the majority of their carbon footprint. The breakdown of Scope 3 emissions includes significant contributions from the use of sold products (about 38 billion kg CO2e) and purchased goods and services (approximately 32.7 billion kg CO2e). For the previous year, 2024, Sumitomo's emissions were approximately 6.7 billion kg CO2e from Scope 1 (about 6.6 billion kg CO2e) and Scope 2 (approximately 490 million kg CO2e), alongside substantial Scope 3 emissions. In 2023, the company reported approximately 4.5 billion kg CO2e from Scope 1 and about 572 million kg CO2e from Scope 2, indicating a trend of increasing emissions over the years. Sumitomo has set ambitious climate commitments, aiming for carbon neutrality across its operations by 2050. The company plans to reduce its CO2 emissions by 50% or more by 2035 compared to 2019 levels. Additionally, it targets a 40% reduction in CO2 emissions from its power generation business by 2035, with specific goals for coal-fired power generation. These commitments reflect Sumitomo's proactive approach to addressing climate change and align with global sustainability efforts. The company is focused on reducing emissions across all scopes, with specific initiatives targeting both Scope 1 and Scope 2 emissions in the near term.