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 32 is higher than 83% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Sumitomo's reported carbon emissions
In 2023, Sumitomo Corporation reported significant carbon emissions, with Scope 1 emissions at approximately 4,530,000,000 kg CO2e and Scope 2 emissions at about 572,000,000 kg CO2e, resulting in a total of around 5,102,000,000 kg CO2e for these scopes. The company has set ambitious climate commitments, aiming for carbon neutrality across its operations by 2050. Additionally, Sumitomo plans to reduce its total CO2 emissions by 50% or more by 2035, using 2019 as the baseline year. In 2020, the company’s emissions were notably high, with Scope 1 emissions at 1,527,000,000 kg CO2e, Scope 2 at 653,000,000 kg CO2e, and Scope 3 emissions reaching approximately 16,000,000,000 kg CO2e. This highlights the scale of their operations and the importance of their reduction targets. Sumitomo's commitment to sustainability is reflected in its comprehensive approach to emissions management, which includes all scopes of emissions. The company is actively working towards these targets to mitigate its environmental impact and contribute to global climate goals.
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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 | - | - | 00,000,000,000 | 00,000,000,000 | - | - | - |
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 is not committed to any reduction initiatives 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.
