Sumitomo Forestry

Sumitomo Forestry's reported carbon emissions

Sumitomo Forestry, headquartered in Japan and operating in the forestry products, logging, and related services industry, reported total greenhouse gas emissions of approximately 10.2 billion kg CO2e in 2023. This figure encompasses Scope 1, 2, and 3 emissions. In the same year, Scope 1 emissions were approximately 221.5 million kg CO2e and Scope 2 emissions were about 114.2 million kg CO2e. The company is committed to achieving net zero emissions by 2050. As part of its near-term strategy, Sumitomo Forestry has raised its greenhouse gas reduction targets for Scope 1 and 2 emissions to 54.6% by 2030, aligning with a 1.5°C warming scenario. This represents an increase from a previous target of 21%. Further demonstrating its climate commitments, Sumitomo Forestry is also working towards carbon neutrality by leveraging forests and wood resources, with a target set for completion between 2023 and 2025. The company has also committed to reducing absolute Scope 1 and 2 GHG emissions by 42.0% by 2030 from a 2021 base year, and by 90.0% by 2050, both consistent with limiting warming to 1.5°C. Additionally, intensity-based Scope 3 targets include a reduction of 51.6% per square meter of houses sold by 2030 and 97.0% by 2050, also from a 2021 base year.