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 38 is higher than 63% 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 reported total carbon emissions of approximately 4,673,000,000 kg CO2e. This figure includes 117,000,000 kg CO2e from Scope 2 emissions and a significant 4,511,000,000 kg CO2e from Scope 3 emissions, which encompasses various categories such as the use of sold products (2,640,000,000 kg CO2e) and purchased goods and services (851,000,000 kg CO2e). Comparatively, in 2022, the company's total emissions were about 4,937,000,000 kg CO2e, with Scope 2 emissions at 124,000,000 kg CO2e and Scope 3 emissions at 4,770,000,000 kg CO2e. This indicates a reduction in total emissions from 2022 to 2023. Sumitomo Realty has set ambitious long-term targets to reduce its CO2 emissions by 50% or more by 2035, compared to 2019 levels. This target applies to both Scope 1 and Scope 2 emissions, reflecting a commitment to significant climate action. The emissions data is not cascaded from any parent organization, and all figures are reported directly from Sumitomo Realty & Development Co., Ltd. The company continues to focus on enhancing its sustainability practices and reducing its carbon footprint in alignment with industry standards.
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| 2014 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | - | 00,000,000 | - | - | - |
| Scope 2 | 120,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 5,788,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
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 5% last year and decreased by approximately 22% since 2014, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Use of Sold Products" being the largest emissions source at 59% 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.
