Sumitomo Chemical Company, Limited

Sumitomo Chemical Company, Limited, a Japan-headquartered chemicals company, reported Scope 1 emissions of approximately 4.84 billion kg CO2e and Scope 2 emissions of approximately 715 million kg CO2e in 2024. The company did not disclose Scope 3 emissions for 2024. For 2023, its Scope 1 and 2 emissions totalled approximately 5.03 billion kg CO2e. In 2022, Sumitomo Chemical reported Scope 1 and 2 emissions of about 6.58 billion kg CO2e. In 2021, the company's Scope 1 and 2 emissions were approximately 7.65 billion kg CO2e, alongside Scope 3 emissions totalling about 3.99 billion kg CO2e, which included approximately 2.44 billion kg CO2e from purchased goods and services, 559 million kg CO2e from fuel and energy-related activities, and 788 million kg CO2e from the end-of-life treatment of sold products.

Sumitomo Chemical Company, Limited has set a near-term absolute reduction target to decrease Scope 1 and Scope 2 GHG emissions by 50% by 2030, from a 2013 baseline. This target is aligned with a Well-below 2°C scenario, as validated by the Science Based Targets initiative (SBTi). The company has also committed to reducing absolute Scope 1 and 2 GHG emissions by 36% by fiscal year 2030/31 from a fiscal year 2020/21 base year, with this target covering biogenic emissions and removals from bioenergy feedstocks. 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 2020/21 to 2030/31 timeframe. The company has a long-term net-zero commitment for Scope 1 and 2 emissions by 2050, acknowledging that achieving this will require innovative technologies beyond existing solutions.