Sumitomo Chemical Company, Limited Sustainability Profile
Sumitomo Chemical Company, Limited, headquartered in Japan, is a leading player in the global chemical industry. Founded in 1913, the company has established a strong presence across various operational regions, including Asia, Europe, and the Americas. Specialising in agrochemicals, petrochemicals, and advanced materials, Sumitomo Chemical is renowned for its innovative solutions that cater to diverse sectors such as agriculture, electronics, and pharmaceuticals. With a commitment to sustainability and technological advancement, the company has achieved significant milestones, including the development of unique products that enhance crop yields and improve industrial processes. Sumitomo Chemical's market position is bolstered by its dedication to research and development, making it a trusted partner in the chemical sector.
DitchCarbon Score
How does Sumitomo Chemical Company, Limited'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 Chemical Company, Limited's score of 60 is higher than 76% 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 Chemical Company, Limited's reported carbon emissions
In 2024, Sumitomo Chemical Company, Limited reported total carbon emissions of approximately 5,556,100,000 kg CO2e, comprising 4,836,000,000 kg CO2e from Scope 1 and 715,000,000 kg CO2e from Scope 2 emissions. The company also disclosed Scope 3 emissions, which included significant contributions from purchased goods and services (1,661,000,000 kg CO2e) and end-of-life treatment of sold products (666,000,000 kg CO2e). For 2023, the company reported total emissions of about 5,030,000,000 kg CO2e from Scope 1 and 2 combined, with Scope 3 emissions data not disclosed. The previous year's data indicated a total of approximately 6,580,000,000 kg CO2e for Scope 1 and 2 emissions in 2022. Sumitomo Chemical has set ambitious climate commitments, aiming for net-zero greenhouse gas emissions by 2050. The company has committed to reducing its absolute Scope 1 and 2 emissions by 36% by FY2030/31 from a FY2020/21 baseline. Additionally, it aims to reduce Scope 3 emissions from purchased goods and services and fuel and energy-related activities by 14% within the same timeframe. Furthermore, the company has pledged to cut its GHG emissions by 50% by 2030 compared to FY2013 levels for both Scope 1 and Scope 2 emissions. These targets align with the Science Based Targets initiative (SBTi) and reflect Sumitomo Chemical's commitment to innovative technologies, including carbon capture, utilisation, and storage (CCUS), to achieve its long-term sustainability goals.
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| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | - | - | - | - | - | - | - | - | - | - | 0,000,000,000 |
| Scope 2 | - | - | - | - | - | - | - | - | - | - | - | 000,000,000 |
| Scope 3 | - | - | - | - | - | - | - | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
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Sumitomo Chemical Company, Limited's Scope 3 Categories Breakdown
Sumitomo Chemical Company, Limited's Scope 3 emissions, which decreased by 6% last year and decreased by approximately 22% since 2020, demonstrating supply chain emissions tracking. A significant portion of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 36% of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 53% of Scope 3 emissions.
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Sumitomo Chemical Company, Limited'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 Chemical Company, Limited 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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Frequently Asked Questions
Common questions about Sumitomo Chemical Company, Limited's sustainability data and climate commitments