Sumitomo
Sumitomo Corporation, a prominent player in the global trading and investment landscape, is headquartered in Tokyo, Japan. Established in 1919, the company has evolved into a diversified conglomerate with operations spanning various regions, including Asia, the Americas, and Europe. Operating primarily in the trading, investment, and resource development sectors, Sumitomo is renowned for its core services in metals, machinery, chemicals, and infrastructure development. The company’s commitment to innovation and sustainability sets it apart in the industry, enabling it to deliver unique solutions tailored to client needs. With a strong market position, Sumitomo Corporation has achieved notable milestones, including strategic partnerships and investments that enhance its global footprint. Its dedication to quality and excellence continues to drive its success in an ever-evolving marketplace.
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 Chemicals 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 9 is lower than 81% 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 2022, Sumitomo reported total carbon emissions of approximately 256,000,000 kg CO2e, comprising 12,852,000 kg CO2e from Scope 1, 26,094,000 kg CO2e from Scope 2, and 229,378,000 kg CO2e from Scope 3 emissions. The Scope 3 emissions included significant contributions from employee commuting (about 51,419,000 kg CO2e) and purchased goods and services (approximately 33,197,000 kg CO2e). For 2021, the emissions were slightly higher, with total emissions reaching about 253,000,000 kg CO2e, including 12,978,000 kg CO2e from Scope 1, 28,308,000 kg CO2e from Scope 2, and 221,828,000 kg CO2e from Scope 3. The trend indicates a focus on managing emissions across all scopes, particularly in upstream activities. Sumitomo has not disclosed specific reduction targets or initiatives through the Science Based Targets initiative (SBTi) or other climate pledges. The company appears to be in the early stages of formalising its climate commitments, with no documented reduction targets available at this time. Overall, Sumitomo's emissions data reflects a significant carbon footprint, particularly in Scope 3, highlighting the need for comprehensive strategies to address climate impact across its operations and supply chain.
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| 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Scope 1 | 15,044,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 36,097,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 246,187,000 | 000,000,000 | 000,000,000 | 000,000,000 |
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.
