Sumitomo Rubber Industries

Sumitomo Rubber Industries, headquartered in Japan and operating in the furniture and other manufactured goods sector, has reported significant progress in its climate commitments. In 2023, the company’s total carbon emissions were approximately 37,896,000,000 kg CO2e, comprising approximately 37,167,000,000 kg CO2e from Scope 3 emissions and approximately 729,000,000 kg CO2e from Scope 1 and 2 emissions (market-based).

The company has established ambitious reduction targets. Sumitomo Rubber Industries aims to achieve carbon neutrality by 2050. As a near-term goal, they are committed to halving their Scope 1 and 2 CO2 emissions by 2030, using 2017 as the baseline year. This commitment aligns with Science Based Targets initiative (SBTi) standards, which also include a pledge to reduce absolute Scope 1 and 2 greenhouse gas (GHG) emissions by 55% by 2030 from a 2017 base year. Furthermore, the company has committed to a 25% reduction in absolute Scope 3 GHG emissions from purchased goods and services by 2030, using 2021 as the base year.

Historical emissions data indicates a fluctuating trend. In 2022, total emissions were approximately 40,490,000,000 kg CO2e, with Scope 3 accounting for approximately 39,642,000,000 kg CO2e and Scope 1 and 2 at approximately 848,000,000 kg CO2e. In 2021, total emissions were approximately 42,112,000,000 kg CO2e, with Scope 3 at approximately 41,034,000,000 kg CO2e and Scope 1 and 2 at approximately 1,078,000,000 kg CO2e (location-based total from available data). Prior to 2021, Scope 1 and 2 emissions were reported separately, with Scope 1 emissions at approximately 261,000,000 kg CO2e in 2013. Scope 3 emissions were approximately 21,710,000,000 kg CO2e in 2020 and 21,297,000,000 kg CO2e in 2018.

Sumitomo Rubber Industries's climate strategy focuses on reducing emissions across its value chain, with a significant emphasis on Scope 3, where categories such as the use of sold products and purchased goods and services represent the largest portions of their carbon footprint.