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 43 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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Sumitomo's reported carbon emissions
In 2023, Sumitomo Corporation reported total carbon emissions of approximately 5,102,000,000 kg CO2e. This figure includes about 4,530,000,000 kg CO2e from Scope 1 emissions, 572,000,000 kg CO2e from Scope 2, and 25,070,000 kg CO2e from Scope 3 emissions. The total emissions from Scope 1 and 2 combined were also about 5,102,000,000 kg CO2e. Looking at previous years, in 2022, the company reported Scope 1 emissions of approximately 1,528,000,000 kg CO2e and Scope 2 emissions of about 553,000,000 kg CO2e globally. In Japan, Scope 3 emissions for the same year were approximately 46,430,000 kg CO2e, with significant contributions from business travel and downstream leased assets. Sumitomo has set ambitious climate commitments, aiming for carbon neutrality across its operations by 2050. The company plans to reduce its total CO2 emissions by 50% or more by 2035, using 2019 as the baseline year. Additionally, it aims to cut CO2 emissions from its power generation business by 40% or more by 2035, with a specific target of reducing emissions from coal-fired power generation by 60%. These commitments reflect Sumitomo's proactive approach to addressing climate change and align with industry standards for sustainability and emissions reduction. The company is focused on transitioning its energy portfolio to include 20% coal-fired, 50% gas-fired, and 30% renewable energy sources by 2035.
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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 |
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 participating in any of the initiatives that 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.
