Sumitomo Realty Sustainability Profile
Sumitomo Realty & Development Co., Ltd., commonly referred to as Sumitomo Realty, is a prominent player in the Japanese real estate industry, headquartered in Tokyo, Japan. Founded in 1896, the company has established itself as a leader in property development, management, and investment, with a strong presence in major urban regions across Japan. Specialising in residential, commercial, and office properties, Sumitomo Realty is renowned for its innovative approach to sustainable development and urban revitalisation. The company has achieved significant milestones, including the successful completion of numerous high-profile projects that enhance urban landscapes while prioritising environmental considerations. With a solid market position, Sumitomo Realty continues to excel, recognised for its commitment to quality and customer satisfaction. Its unique blend of tradition and modernity sets it apart in the competitive real estate sector, making it a trusted name in property solutions.
DitchCarbon Score
How does Sumitomo Realty'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 Construction Work 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 Realty's score of 47 is higher than 70% 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 Realty's reported carbon emissions
In 2023, Sumitomo Realty, headquartered in Japan (JP), reported total carbon emissions of approximately 104,635,000 kg CO2e. This figure includes Scope 1 emissions of about 22,431,000 kg CO2e, primarily from stationary combustion, and Scope 2 emissions of around 16,396,000 kg CO2e. The majority of their emissions, approximately 65,808,000 kg CO2e, fall under Scope 3, which encompasses various categories such as business travel (about 3,545,000 kg CO2e), employee commuting (approximately 24,142,000 kg CO2e), and purchased goods and services (around 31,464,000 kg CO2e). Sumitomo Realty has set ambitious long-term targets to reduce its CO2 emissions by 50% or more by 2035, compared to 2019 levels, for both Scope 1 and Scope 2 emissions. This commitment reflects the company's proactive approach to addressing climate change and aligns with industry standards for sustainability. The emissions data is sourced directly from Sumitomo Realty & Development Co., Ltd. and is not cascaded from any parent organization. The company is actively working towards its reduction goals, demonstrating a commitment to environmental responsibility within the real estate sector.
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| 2014 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 120,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 5,788,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
How Carbon Intensive is Sumitomo Realty's Industry?
How Carbon Intensive is Sumitomo Realty's Location?
Sumitomo Realty's Scope 3 Categories Breakdown
Sumitomo Realty's Scope 3 emissions, which decreased by 0% last year and decreased by approximately 99% since 2014, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 66% of total emissions under the GHG Protocol, with "Use of Sold Products" being the largest emissions source at 3250% of Scope 3 emissions.
Top Scope 3 Categories
Sumitomo Realty'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 Realty 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.
