Sumitomo Metal Industries Ltd. Sustainability Profile
Sumitomo Metal Industries Ltd., a prominent player in the global steel industry, is headquartered in Japan (JP) and operates extensively across Asia, Europe, and North America. Founded in 1901, the company has established itself as a leader in the production of high-quality steel products, including specialty steels and advanced materials, catering to diverse sectors such as automotive, construction, and energy. With a commitment to innovation and sustainability, Sumitomo Metal Industries has achieved significant milestones, including advancements in steel manufacturing technologies. The company is renowned for its unique offerings, such as high-strength steel and environmentally friendly production processes, which set it apart in a competitive market. As a key supplier to major industries, Sumitomo Metal Industries continues to solidify its market position through strategic partnerships and a focus on quality excellence.
DitchCarbon Score
How does Sumitomo Metal Industries Ltd.'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 Iron and Steel Production 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 Metal Industries Ltd.'s score of 42 is higher than 71% 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 Metal Industries Ltd., headquartered in Japan (JP), currently does not report specific carbon emissions data for the most recent year, as indicated by the absence of emissions figures. The company is part of a corporate family that includes Nippon Steel Corporation, which may influence its climate commitments and performance metrics. As a merged entity, Sumitomo Metal Industries Ltd. inherits climate initiatives and targets from Nippon Steel Corporation. This includes participation in the Science Based Targets initiative (SBTi) and the Climate Action 100+ initiative, both of which aim to drive significant reductions in greenhouse gas emissions across the steel industry. However, specific reduction targets or achievements have not been disclosed. The absence of direct emissions data suggests that Sumitomo Metal Industries Ltd. is still in the process of establishing its own climate commitments or may rely on the broader strategies set forth by its parent company. The company’s climate strategy may align with industry standards, focusing on reducing Scope 1, 2, and 3 emissions, although specific details are not available at this time. In summary, while Sumitomo Metal Industries Ltd. does not currently provide specific emissions data or reduction targets, it is positioned within a corporate structure that prioritises climate action through initiatives led by Nippon Steel Corporation.
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| 1973 | 1975 | 1990 | 1999 | 2000 | 2009 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 41,000 | 00,000 | - | 0,000,000 | 0,000,000 | 0,000 | 00,000,000,000 | - | - | - | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 000,000 | 000,000 |
| Scope 2 | - | - | - | - | - | - | 00,000,000,000 | - | - | - | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 00,000,000,000 | 00,000,000 | 00,000,000 |
How Carbon Intensive is Sumitomo Metal Industries Ltd.'s Industry?
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Sumitomo Metal Industries Ltd.'s Scope 3 Categories Breakdown
Sumitomo Metal Industries Ltd.'s Scope 3 emissions, which decreased by 4% last year and decreased by approximately 100% since 2021, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 95960% of Scope 3 emissions.
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Sumitomo Metal Industries Ltd.'s Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Sumitomo Metal Industries Ltd. has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
