Sumitomo Sustainability Profile
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 46 is higher than 68% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Sumitomo's reported carbon emissions
In 2024, Sumitomo Corporation reported significant carbon emissions, with Scope 2 emissions totalling approximately 490,000,000 kg CO2e. Additionally, their Scope 3 emissions were substantial, including 60,000,000 kg CO2e from capital goods, 20,000,000 kg CO2e from the use of sold products, and 30,000,000 kg CO2e from downstream leased assets. The total emissions from Scope 1 and 2 combined reached about 43,000,000,000 kg CO2e. Sumitomo has set ambitious climate commitments, aiming for carbon neutrality across its operations by 2050. The company plans to reduce its overall CO2 emissions by 50% or more by 2035, using 2019 as the baseline year. Specific targets include a 40% reduction in CO2 emissions from its power generation business by 2035, with a focus on transitioning its energy portfolio to include 20% coal-fired, 50% gas-fired, and 30% renewable sources. In 2023, the company disclosed Scope 3 emissions related to business travel and employee commuting, amounting to approximately 21,510,000 kg CO2e and 580,000 kg CO2e, respectively. This data highlights their ongoing efforts to monitor and manage emissions across all scopes. Overall, Sumitomo Corporation is actively working towards substantial emissions reductions and has established a clear framework for achieving its long-term climate goals.
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| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 5,190,000 | 000,000,000 | 000,000,000 | - | 0,000,000,000 | 0,000,000,000 | - | - | - |
| Scope 2 | 252,869,000 | 000,000,000 | 000,000,000 | - | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 69,848,000 | - | - | - | - | - | - | - | 00,000,000,000 |
How Carbon Intensive is Sumitomo's Industry?
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Sumitomo's Scope 3 Categories Breakdown
Sumitomo's Scope 3 emissions, which increased significantly last year and increased significantly since 2016, demonstrating supply chain emissions tracking. Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 21% of total emissions under the GHG Protocol, with "Processing of Sold Products" being the largest emissions source at 38% of Scope 3 emissions.
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Sumitomo's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Sumitomo has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
