Sumitomo

Sumitomo, headquartered in Japan and operating in "Other business services (74)", has reported its carbon emissions and climate commitments.

For 2025, Sumitomo's reported Scope 3 emissions are approximately 117.4 billion kg CO2e. Key contributors to these Scope 3 emissions include investments (17.8 billion kg CO2e), use of sold products (38 billion kg CO2e), downstream leased assets (20.1 billion kg CO2e), and purchased goods and services (32.7 billion kg CO2e). Sumitomo has not provided Scope 1 or Scope 2 emissions data for 2025.

In 2024, Sumitomo's Scope 1 emissions were approximately 6.63 billion kg CO2e, and Scope 2 emissions were around 490 million kg CO2e. Their Scope 3 emissions for 2024 were approximately 117.4 billion kg CO2e, with significant contributions from investments (17.8 billion kg CO2e), use of sold products (38 billion kg CO2e), downstream leased assets (20.1 billion kg CO2e), and purchased goods and services (32.7 billion kg CO2e).

Looking back, in 2023, Sumitomo reported Scope 1 emissions of approximately 4.485 billion kg CO2e and Scope 2 emissions of around 572 million kg CO2e. No Scope 3 data was reported for 2023.

Sumitomo has set a long-term goal to achieve carbon neutrality across its Group businesses by 2050. They also aim to reduce the Group's CO2 emissions by 50% or more by 2035, compared to a 2019 baseline.

Specific reduction targets include:

• Reducing CO2 emissions from the power generation business by 40% or more by 2035 (compared to 2019), with coal-fired power generation specifically targeted for a 60% or more reduction.
• A subsidiary, KIRIU CORPORATION, aims to reduce its CO2 emissions by 30% by FY2024, using FY2019 as a baseline for both Scope 1 and Scope 2.
• Another subsidiary, Fyffes, aims for a 25% reduction in Scope 1 and Scope 2 GHG emissions (CO2 eq./kg of fruit harvested) by 2025 from a 2020 base year, in line with a 1.5°C Science-Based Target. Fyffes also targets a 10% reduction for Scope 3 emissions (CO2 eq./kg of fruit harvested and distributed) by 2025 from a 2020 base year.
• SRM (Sumitomo Realty & Development Co., Ltd.) aims for carbon neutrality at its managed real estate by minimising greenhouse gas emissions as close to zero as possible, specifically for Scope 1 and Scope 2 between 2023 and 2025.