Sumitomo Heavy Industries

Sumitomo Heavy Industries's reported carbon emissions

Sumitomo Heavy Industries, Ltd. (JP, Machinery and equipment n.e.c. (29)) reported a total of approximately 67.5 billion kg CO2e in Scope 1, 2, and 3 emissions for the fiscal year 2024. This includes approximately 31.6 million kg CO2e for Scope 1, approximately 101 million kg CO2e for Scope 2, and approximately 67.39 billion kg CO2e for Scope 3. The company has established ambitious climate commitments. By 2050, Sumitomo Heavy Industries aims to achieve carbon neutrality across the entire SHI Group. To support this long-term goal, they have set near-term targets, including a 50% reduction in Scope 1 and 2 CO2 emissions by 2030, compared to their fiscal year 2019 baseline. Additionally, they are committed to a 30% reduction in Scope 3 CO2 emissions by 2030, also based on the 2019 baseline. These targets align with a 1.5°C warming scenario, as validated by the Science Based Targets initiative (SBTi). Specifically, their SBTi-approved targets include reducing absolute Scope 1 GHG emissions by 50% and absolute Scope 2 GHG emissions by 50% by 2030, from a 2019 base year. They also commit to reducing absolute Scope 3 GHG emissions by 30% within the same timeframe. Looking at historical data, the company reported approximately 76.76 billion kg CO2e for fiscal year 2023, with Scope 1 at about 36.27 million kg CO2e, Scope 2 at approximately 120.63 million kg CO2e, and Scope 3 at about 76.76 billion kg CO2e. In fiscal year 2022, total emissions were approximately 80.75 billion kg CO2e, comprising about 38.42 million kg CO2e for Scope 1, 151.68 million kg CO2e for Scope 2, and 80.56 billion kg CO2e for Scope 3. For fiscal year 2021, total emissions reached approximately 137.37 billion kg CO2e, with Scope 1 at around 37.42 million kg CO2e, Scope 2 at approximately 156.52 million kg CO2e, and a significant Scope 3 contribution of about 137.18 billion kg CO2e. The emissions data is not cascaded from a parent organisation.