Sumitomo Rubber Industries

Sumitomo Rubber Industries, headquartered in Japan and operating in the Furniture; other manufactured goods n.e.c. sector, is actively addressing its carbon emissions and has established several climate commitments.

In 2023, the company reported total Scope 3 emissions of approximately 37.17 billion kg CO2e. Key contributors to these emissions included the use of sold products (around 30.96 billion kg CO2e) and purchased goods and services (approximately 4.64 billion kg CO2e). For the same year, Scope 1 and 2 emissions were reported as approximately 729 million kg CO2e (market-based) and 1.03 billion kg CO2e (location-based).

Looking back, in 2022, Sumitomo Rubber Industries' Scope 3 emissions were higher at approximately 39.64 billion kg CO2e, with the use of sold products contributing around 32.87 billion kg CO2e and purchased goods and services at approximately 5.07 billion kg CO2e. Scope 1 and 2 emissions for 2022 were about 848 million kg CO2e (market-based) and 1.05 billion kg CO2e (location-based). The company's Scope 3 emissions in 2021 were approximately 41.03 billion kg CO2e, with Scope 1 and 2 (location-based) at around 1.11 billion kg CO2e.

Sumitomo Rubber Industries has set ambitious reduction targets. The company commits to reduce absolute Scope 1 and 2 GHG emissions by 55% by 2030, using 2017 as a baseline year. Additionally, it aims to reduce absolute Scope 3 GHG emissions from purchased goods and services by 25% by 2030, against a 2021 base year. These targets are consistent with reductions required to keep warming to 1.5°C, according to the Science Based Targets initiative (SBTi). Furthermore, Sumitomo Rubber Industries aims to achieve full carbon neutrality across Scope 1 and 2 emissions by 2050.