Sumitomo Bakelite Sustainability Profile
Sumitomo Bakelite Co., Ltd., a leading player in the advanced materials industry, is headquartered in Japan. Established in 1913, the company has evolved significantly, marking key milestones in the development of high-performance plastics and resins. With a strong presence in Asia, Europe, and North America, Sumitomo Bakelite excels in sectors such as automotive, electronics, and industrial applications. The company is renowned for its innovative core products, including phenolic resins and thermosetting plastics, which are distinguished by their durability and heat resistance. Sumitomo Bakelite's commitment to research and development has solidified its market position, making it a trusted partner for various industries. Notable achievements include advancements in eco-friendly materials, reflecting the company's dedication to sustainability and technological excellence.
DitchCarbon Score
How does Sumitomo Bakelite'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 Salt and Mineral Mining 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 Bakelite's score of 64 is higher 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 Bakelite's reported carbon emissions
In 2024, Sumitomo Bakelite reported total carbon emissions of approximately 1.1 billion kg CO2e, comprising 79,554,000 kg CO2e from Scope 1, 75,195,000 kg CO2e from Scope 2, and 947,000,000 kg CO2e from Scope 3 emissions. This represents a significant increase in emissions compared to 2023, where total emissions were approximately 4.5 billion kg CO2e, with Scope 1 at 45,228,000 kg CO2e, Scope 2 at 116,878,000 kg CO2e, and Scope 3 at 4.5 billion kg CO2e. Sumitomo Bakelite has set ambitious climate commitments, aiming to reduce Scope 1 and 2 GHG emissions by 48% and Scope 3 emissions by 25% by 2030, using 2021 as the base year. Additionally, the company is striving for a 46% reduction in CO2 emissions across all scopes by 2030, compared to fiscal 2013 levels. Long-term, they aim to achieve net-zero emissions for Scope 1 and 2 by 2050. These targets are aligned with the Science Based Targets initiative (SBTi), which has validated their near-term targets as consistent with the reductions required to limit global warming to 1.5°C. The emissions data and targets are sourced from Sumitomo Bakelite Company Limited, with no cascaded data from parent organizations.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 90,643,000 | 00,000,000 | - | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 145,869,000 | 000,000,000 | - | - | 000,000,000 | 000,000,000 | 000,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 000,000,000 |
How Carbon Intensive is Sumitomo Bakelite's Industry?
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Sumitomo Bakelite's Scope 3 Categories Breakdown
Sumitomo Bakelite's Scope 3 emissions, which decreased by 79% last year and decreased by approximately 80% since 2021, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 76% of Scope 3 emissions.
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Sumitomo Bakelite'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 Bakelite has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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Common questions about Sumitomo Bakelite's sustainability data and climate commitments
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