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.
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.
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.
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.
In 2023, Sumitomo Corporation reported total carbon emissions of approximately 5,102,000,000 kg CO2e. This figure includes 4,530,000,000 kg CO2e from Scope 1 emissions, 572,000,000 kg CO2e from Scope 2, and 25,070,000 kg CO2e from Scope 3 emissions. The total emissions for 2022 were approximately 2,081,000,000 kg CO2e, with Scope 1 contributing 1,528,000,000 kg CO2e and Scope 2 at 553,000,000 kg CO2e, indicating a significant increase in emissions year-on-year. 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, using 2019 as the baseline year. Additionally, it targets a 40% reduction in CO2 emissions from its power generation business by 2035, with specific goals for coal-fired power generation, which is to be reduced by 60%. The company’s initiatives reflect a commitment to sustainable practices, including a diversified energy portfolio by 2035, comprising 20% coal-fired, 50% gas-fired, and 30% renewable energy sources. These targets are part of a broader strategy to align with global climate goals and demonstrate leadership in corporate sustainability.
Access structured emissions data, company-specific emission factors, and source documents
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 |
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.