Sumitomo Forestry

Sumitomo Forestry, headquartered in Japan and operating in the forestry products, logging, and related services industry, reported total greenhouse gas (GHG) emissions of approximately 10.6 billion kg CO2e in 2023. This figure encompasses Scope 1, 2, and 3 emissions.

The company's latest emissions data for 2023 shows Scope 1 emissions at approximately 221.5 million kg CO2e, Scope 2 emissions at approximately 114.2 million kg CO2e, and Scope 3 emissions at approximately 10.3 billion kg CO2e. For 2022, total emissions were approximately 10.5 billion kg CO2e, with Scope 1 at approximately 239.6 million kg CO2e, Scope 2 at approximately 116.3 million kg CO2e, and Scope 3 at approximately 10.1 billion kg CO2e.

Sumitomo Forestry has established several ambitious climate commitments. The company aims to achieve net-zero emissions by 2050. As part of its near-term strategy, it has raised its GHG reduction targets for Scope 1 and 2 emissions from 21% to 54.6% by 2030, aligning with a 1.5°C warming scenario. Furthermore, Sumitomo Forestry has committed to reducing absolute Scope 1 and 2 GHG emissions by 42.0% by 2030, using 2021 as a base year. Additionally, they commit to an absolute reduction of Scope 3 GHG emissions from purchased goods and services and the use of sold products by 51.6% per square metre of houses sold by 2030. Their long-term vision includes a commitment to reduce absolute Scope 1 and 2 GHG emissions by 90.0% by 2050, also from a 2021 base year, and a significant 97.0% reduction in Scope 3 emissions (purchased goods and services, upstream transportation and distribution, and use of sold products) per square metre of houses sold by the same year. The company also commits to no deforestation across its primary deforestation-linked commodities by December 31, 2025.