Sumitomo Electric
Sumitomo Electric Industries, Ltd., commonly known as Sumitomo Electric, is a leading global player in the electrical and electronic components industry, headquartered in Japan. Founded in 1897, the company has established a strong presence in various operational regions, including Asia, Europe, and North America. Specialising in a diverse range of products and services, Sumitomo Electric excels in areas such as automotive components, optical fibres, and semiconductor materials. Its commitment to innovation and quality has positioned it as a trusted supplier in the telecommunications and automotive sectors. Notable achievements include advancements in high-performance materials and sustainable technologies, reinforcing its market leadership. With a rich history and a focus on cutting-edge solutions, Sumitomo Electric continues to shape the future of the industry.
DitchCarbon Score
How does Sumitomo Electric'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 Other Services 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 Electric's score of 45 is higher than 92% 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 Electric's reported carbon emissions
In 2023, Sumitomo Electric Industries, Ltd. reported total greenhouse gas emissions of approximately 30,042,000,000 kg CO2e, with 1,681,000,000 kg CO2e attributed to Scope 1 and 2 emissions combined. The company has set ambitious targets to reduce its carbon footprint, committing to a 30% reduction in absolute Scope 1 and 2 emissions by FY2030/31 from a FY2018/19 baseline. Additionally, it aims for a 15% reduction in absolute Scope 3 emissions over the same timeframe. In 2022, the company’s emissions included 189,000,000 kg CO2e for Scope 1 and 1,135,000,000 kg CO2e for Scope 2, while Scope 3 emissions totalled approximately 20,801,000,000 kg CO2e. The previous year, 2021, saw similar figures with Scope 1 and 2 emissions at 1,412,000,000 kg CO2e and Scope 3 emissions at 21,676,000,000 kg CO2e. Sumitomo Electric's commitment to sustainability is further underscored by its alignment with the Science Based Targets initiative (SBTi), ensuring that its reduction targets are consistent with the goal of limiting global warming to well below 2°C. The company is actively working towards these targets, reflecting its dedication to addressing climate change and reducing its environmental impact.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 209,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | - |
| Scope 2 | 1,332,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | - |
| Scope 3 | 24,753,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Sumitomo Electric is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
