Sumitomo Realty
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 32 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 about 162,000,000 kg CO2e from Scope 1 and 2 emissions, while the majority, approximately 4,511,000,000 kg CO2e, falls under Scope 3 emissions. Notable contributors to Scope 3 emissions include the use of sold products (approximately 2,640,000,000 kg CO2e) and purchased goods and services (about 851,000,000 kg CO2e). Comparatively, in 2022, the company recorded total emissions of about 4,937,000,000 kg CO2e, with Scope 1 and 2 emissions at approximately 167,000,000 kg CO2e and Scope 3 emissions at around 4,770,000,000 kg CO2e. This indicates a reduction in total emissions from 2022 to 2023. Despite these figures, Sumitomo Realty has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or SBTi commitments. The company’s emissions data is self-reported and does not appear to be cascaded from a parent organization, ensuring that the figures reflect its direct operations. Overall, while Sumitomo Realty has made strides in tracking its emissions, further commitments to reduction targets would enhance its climate strategy and align with industry standards for sustainability.
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| 2014 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | - | 00,000,000 | 00,000,000 | - | - | - |
| Scope 2 | - | 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 | 0,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Sumitomo Realty is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
