Sumitomo Chemical Company, Limited

Sumitomo Chemical Company, Limited, a Japan-headquartered chemicals company, reported its Scope 1 emissions for 2024 as approximately 4.84 billion kg CO2e and Scope 2 emissions as approximately 715 million kg CO2e. This follows Scope 1 and 2 emissions of approximately 5.03 billion kg CO2e in 2023 and 6.58 billion kg CO2e in 2022.

The company has set several climate commitments. Sumitomo Chemical aims to achieve net-zero GHG emissions by 2050. In the near-term, it targets a 50% reduction in Scope 1 and Scope 2 GHG emissions by 2030, compared to a 2013 baseline. Additionally, the company is committed to reducing Scope 3 GHG emissions (specifically Categories 1 and 3) from major Group companies by 14% by 2030, from a 2020 baseline.

Sumitomo Chemical also has Science Based Targets initiative (SBTi) approved targets. It commits to reduce absolute Scope 1 and 2 GHG emissions by 36% by FY2030/31 from a FY2020/21 base year. The company further commits to reduce absolute Scope 3 GHG emissions from purchased goods and services and fuel and energy related activities by 14% within the same timeframe. These targets are classified as consistent with reductions required to keep warming to "Well-below 2°C".