Sumitomo

Sumitomo, headquartered in Japan, reported its 2025 Scope 1 emissions as 6.799 billion kg CO2e and Scope 2 emissions as 485 million kg CO2e. For Scope 3 in 2025, key categories included purchased goods and services at 32.7 billion kg CO2e, use of sold products at 38 billion kg CO2e, and downstream leased assets at 18.707 billion kg CO2e.

Looking back, in 2024, Sumitomo's Scope 1 emissions were 6.666 billion kg CO2e and Scope 2 emissions were 490 million kg CO2e. Significant Scope 3 categories for 2024 included investments at 17.778 billion kg CO2e and downstream leased assets at 20.052 billion kg CO2e. In 2023, Scope 1 emissions were 4.485 billion kg CO2e and Scope 2 emissions were 572 million kg CO2e, with no Scope 3 data provided for that year.

Sumitomo has set ambitious climate commitments, aiming for carbon neutrality across all scopes of its businesses by 2050. This includes an interim target to reduce the Group's total CO2 emissions by 30% or more by fiscal year (FY) 2035 from a FY2024 base year. This interim goal breaks down to an 85% reduction in Scope 1 and 2 emissions and a 20% reduction in Scope 3 (Categories 13 and 15).

Specifically, for its power generation business, Sumitomo aims to reduce CO2 emissions by 40% or more by 2035 (compared to 2019 levels), with a 60% or more reduction target for coal-fired power generation. The company also intends for its 2035 power generation portfolio to consist of 20% coal-fired, 50% gas-fired, and 30% renewables. Furthermore, SRM, a related entity, is aiming for carbon neutrality in Scope 1 and Scope 2 emissions from real estate under management between 2023 and 2025. KIRIU CORPORATION, another associated entity, is targeting a 30% reduction in Scope 1 and Scope 2 CO2 emissions by FY2024, relative to FY2019. Fyffes, also associated with Sumitomo, has set a Science-Based Target to reduce its Scope 1 and 2 GHG emissions by 25% (in CO2 eq./kg of fruit harvested) by 2025 from a 2020 base year, and to reduce Scope 3 emissions by 10% (in CO2 eq./kg of fruit harvested and distributed) within the same timeframe.