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Sumitomo Chemical Company, Limited, headquartered in Japan, is a prominent player in the chemicals nec industry. Founded in 1913, the company has established a strong global presence, with major operations across Asia, Europe, and the Americas. Sumitomo Chemical is renowned for its diverse portfolio, which includes agrochemicals, petrochemicals, and advanced materials, each distinguished by innovative technologies and sustainable practices.
With a commitment to research and development, Sumitomo Chemical has achieved significant milestones, positioning itself as a leader in the chemical sector. The company’s core products, such as crop protection agents and specialty chemicals, are designed to meet the evolving needs of various industries, ensuring both quality and environmental responsibility. Recognised for its contributions to sustainable development, Sumitomo Chemical continues to enhance its market position through strategic partnerships and cutting-edge solutions.
+10 vs industry average
Sumitomo Chemical Company, Limited’s score of 40 is higher than 56% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Chemicals is among the most carbon-intensive industries
The Chemicals industry has reduced its overall emissions by 19% since 2018
Scope 3 accounts for ••• of total emissions.
Sumitomo Chemical Company, Limited (JP) reported its latest greenhouse gas (GHG) emissions for fiscal year 2024. The total emissions for this period amounted to approximately 6.7 billion kg CO2e, encompassing Scope 1, Scope 2, and Scope 3 emissions. Scope 1 and 2 emissions combined were approximately 5.55 billion kg CO2e.
The company has set ambitious climate targets. By 2050, Sumitomo Chemical aims to achieve net-zero GHG emissions across all scopes. To facilitate this long-term goal, they are committed to a near-term target of reducing GHG emissions by 50% by 2030, compared to the fiscal year 2013 baseline. This reduction applies to both Scope 1 and Scope 2 emissions. Furthermore, the company has committed to reducing Scope 3 emissions (specifically categories 1 and 3) by 14% from the FY2020 level by FY2030, aligning with Science Based Targets initiative (SBTi) recommendations for a 2°C pathway.
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2031
14% reduction in scope 3 total
Japanese multinational chemical company Sumitomo Chemical commits to reduce absolute scope 1 and 2 GHG emissions 36% by FY2030/31 from a FY2…
2031
14% reduction in scope 3 total
2031
36% reduction in Scope 2
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Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
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