Sumitomo Chemical Company, Limited

Sumitomo Chemical Company, Limited, headquartered in Japan and operating within the Chemicals nec industry, has set ambitious climate targets. For the reporting year 2024, the company reported total greenhouse gas (GHG) emissions of approximately 2.53 billion kg CO2e. This figure encompasses Scope 1 emissions totalling around 4.84 billion kg CO2e, Scope 2 emissions at approximately 715 million kg CO2e, and Scope 3 emissions amounting to roughly 1.66 billion kg CO2e.

In terms of reduction initiatives, Sumitomo Chemical is committed to achieving net-zero GHG emissions by 2050. To support this long-term goal, they have set near-term targets, including a commitment to reduce GHG emissions by 50% by 2030, using 2013 as a baseline year for Scope 1 and Scope 2 emissions. Furthermore, the company has committed to reducing absolute Scope 1 and 2 GHG emissions by 36% by FY2030/31 from a FY2020/21 base year, as validated by the Science Based Targets initiative (SBTi). Additionally, Sumitomo Chemical aims to reduce absolute Scope 3 GHG emissions from purchased goods and services and fuel and energy-related activities by 14% within the same timeframe. They also have a near-term target to reduce Scope 3 upstream emissions (Categories 1 and 3) by 14% from the FY2020 level by FY2030.