Sumitomo Bakelite

Sumitomo Bakelite's reported carbon emissions

Sumitomo Bakelite, a company in the chemical and fertilizer minerals industry headquartered in Japan, has reported its greenhouse gas (GHG) emissions for recent years. In 2024, the company's total emissions were approximately 1,122.7 million kg CO2e. This figure comprises Scope 1 emissions of about 79.1 million kg CO2e, Scope 2 emissions (market-based) of approximately 135.1 million kg CO2e, and significant Scope 3 emissions totalling around 987.7 million kg CO2e. The largest contributors to its Scope 3 emissions were purchased goods and services (approximately 761.4 million kg CO2e) and fuel and energy-related activities (around 39.6 million kg CO2e). In 2023, Sumitomo Bakelite reported total emissions of approximately 1,190.4 million kg CO2e, with Scope 1 at about 81.3 million kg CO2e and Scope 2 (market-based) at approximately 156.5 million kg CO2e. Scope 3 emissions for 2023 amounted to about 956.8 million kg CO2e. The company has established clear climate commitments. Sumitomo Bakelite aims to reduce its GHG emissions by 46% by 2030 compared to fiscal year 2013 levels. Furthermore, the company is striving to achieve zero CO2 emissions for Scope 1 and Scope 2 by 2050. More recently, updated targets indicate a commitment to reduce Scope 1 and 2 GHG emissions by 48% or more by fiscal year 2030, using fiscal year 2021 as a base year. Additionally, Sumitomo Bakelite aims to reduce its Scope 3 GHG emissions from specific categories, including purchased goods and services, upstream transportation and distribution, waste generated in operations, and end-of-life treatment of sold products, by 25% within the same timeframe. The company's Scope 1 and 2 targets are considered consistent with reductions required to keep global warming to 1.5°C.