Sumitomo Chemical Company, Limited

Sumitomo Chemical Company, Limited, a Chemicals company headquartered in Japan, reported its latest carbon emissions in 2024. The company's Scope 1 emissions were approximately 4.84 billion kg CO2e, and its Scope 2 emissions were about 715 million kg CO2e. In 2023, its combined Scope 1 and 2 emissions were approximately 5.03 billion kg CO2e. In 2022, these combined emissions stood at around 6.58 billion kg CO2e. For 2021, the company's Scope 1 and 2 emissions were roughly 7.65 billion kg CO2e, and its Scope 3 emissions were approximately 3.99 billion kg CO2e. Key categories contributing to Scope 3 in 2021 included purchased goods and services (about 2.44 billion kg CO2e) and fuel and energy-related activities (approximately 559 million kg CO2e). In 2020, combined Scope 1 and 2 emissions were around 7.42 billion kg CO2e, and Scope 3 emissions were about 3.96 billion kg CO2e, with purchased goods and services (roughly 2.35 billion kg CO2e) and fuel and energy-related activities (approximately 585 million kg CO2e) being major contributors.

Sumitomo Chemical Company, Limited has set several climate commitments. It aims to achieve net-zero GHG emissions by 2050. The company also commits to reducing its Scope 1 and Scope 2 GHG emissions by 50% by 2030, compared to a 2013 baseline. Furthermore, Sumitomo Chemical has near-term Science Based Targets initiative (SBTi) commitments to reduce absolute Scope 1 and 2 GHG emissions by 36% by fiscal year 2030/31, against a fiscal year 2020/21 baseline. It also targets a 14% reduction in absolute Scope 3 GHG emissions from purchased goods and services and fuel and energy-related activities within the same timeframe, which is certified as consistent with reductions required to keep warming to well-below 2°C.