Sumitomo Corporation, a prominent player in the Other Business Services sector, is headquartered in Japan (JP) and operates extensively across Asia, Europe, and the Americas. Founded in 1919, the company has established itself as a leader in various industries, including trading, investment, and logistics, with a strong emphasis on sustainable development.
With a diverse portfolio, Sumitomo offers unique services ranging from resource development to infrastructure projects, setting itself apart through its commitment to innovation and quality. The corporation has achieved significant milestones, including strategic partnerships and expansions that enhance its market position. Recognised for its robust business model and global reach, Sumitomo Corporation continues to drive growth and deliver value across its operational regions.
+19 vs industry average
Sumitomo’s score of 52 is higher than 67% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Business Services has below-average carbon intensity
Industry performance
The Business Services industry has reduced its overall emissions by 25% since 2018
Emissions trajectory 2020 – 2028
Reported emissions
Scope 3 accounts for ••• of total emissions.
Sumitomo's reported carbon emissions
Sumitomo Corporation, headquartered in Japan and operating within the "Other business services (74)" industry, has established robust climate commitments. The company aims for carbon neutrality for the entire Sumitomo Corporation Group by 2050 and has set a target to reduce its CO2 emissions by 50% or more by 2035, using 2019 as the baseline year. Additionally, specific targets are in place for certain business segments, such as aiming for carbon neutrality in real estate under management by 2025 for Scope 1 and Scope 2 emissions.
In terms of emissions data, for the reporting year 2024, Sumitomo reported Scope 1 emissions of approximately 6.63 billion kg CO2e and Scope 2 emissions of approximately 490 million kg CO2e. Scope 3 emissions for 2024 were substantial, with significant contributions from categories such as purchased goods and services (approximately 32.7 billion kg CO2e), downstream leased assets (approximately 20.1 billion kg CO2e), and investments (approximately 17.8 billion kg CO2e). The total calculated emissions for 2024, encompassing Scope 1, 2, and 3, were approximately 117.02 billion kg CO2e.
For the reporting year 2023, Sumitomo reported Scope 1 emissions of approximately 4.49 billion kg CO2e and Scope 2 emissions of approximately 572 million kg CO2e. In 2022, Scope 1 emissions were approximately 1.27 million kg CO2e and Scope 2 emissions were approximately 553 million kg CO2e. In 2021, the company reported Scope 1 emissions of approximately 1.39 billion kg CO2e, Scope 2 emissions of approximately 672 million kg CO2e, and Scope 3 emissions of approximately 33.19 million kg CO2e. Earlier data shows: 2020 (Scope 1: approximately 1.52 billion kg CO2e, Scope 2: approximately 653 million kg CO2e, Scope 3: approximately 34.38 million kg CO2e); 2019 (Scope 1: approximately 792 million kg CO2e, Scope 2: approximately 683 million kg CO2e, Scope 3: approximately 62.19 million kg CO2e); 2018 (Scope 1: approximately 939 million kg CO2e, Scope 2: approximately 630 million kg CO2e); 2017 (Scope 1: approximately 934.28 million kg CO2e, Scope 2: approximately 752.38 million kg CO2e); 2016 (Scope 1: approximately 64.86 million kg CO2e, Scope 2: approximately 252.87 million kg CO2e, Scope 3: approximately 69.85 million kg CO2e). The earliest reported Scope 1 and 2 emissions for 2015 were approximately 24.55 million kg CO2e. Sumitomo's emissions data is not cascaded from a parent or related organisation.
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Sumitomo’s Climate Goals (2030 & 2050)
11 goals2035
40% reduction in Scope 2
Reduce CO2 emissions of the power generation business by 40% or more by 2035 (of which reduce 60% or more for coal-fired power generation bu…
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
10 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Sumitomo
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