Sumitomo Electric Sustainability Profile
Sumitomo Electric Industries, Ltd., commonly known as Sumitomo Electric, is a leading global player in the electrical and electronic components industry, headquartered in Japan. Founded in 1897, the company has established a strong presence in various operational regions, including Asia, Europe, and North America. Specialising in a diverse range of products and services, Sumitomo Electric excels in areas such as automotive components, optical fibres, and semiconductor materials. Its commitment to innovation and quality has positioned it as a trusted supplier in the telecommunications and automotive sectors. Notable achievements include advancements in high-performance materials and sustainable technologies, reinforcing its market leadership. With a rich history and a focus on cutting-edge solutions, Sumitomo Electric continues to shape the future of the industry.
DitchCarbon Score
How does Sumitomo Electric'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 Other Services 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 Electric's score of 58 is higher than 76% 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 Electric's reported carbon emissions
In 2024, Sumitomo Electric Industries, Ltd. reported total carbon emissions of approximately 1,619,000,000 kg CO2e for Scope 1 and 2, alongside a significant Scope 3 total of about 25,020,000,000 kg CO2e. This reflects a slight decrease in Scope 1 and 2 emissions from 2023, where they were about 1,681,000,000 kg CO2e, while Scope 3 emissions increased from approximately 30,042,000,000 kg CO2e in the same year. The company has set ambitious climate commitments, aiming for a 30% reduction in absolute Scope 1 and 2 GHG emissions by FY2030/31 from a FY2018/19 baseline. Additionally, it targets a 15% reduction in absolute Scope 3 GHG emissions over the same timeframe. These targets are aligned with the Science Based Targets initiative (SBTi) and are classified as consistent with keeping global warming well below 2°C. Sumitomo Electric also aims for carbon neutrality by 2050, with specific initiatives targeting reductions in both Scope 1 and 2 emissions, as well as a commitment to achieve carbon neutrality in Scope 3 emissions by 2035. The company’s long-term strategy includes leveraging advancements in technology and energy efficiency to meet these goals, particularly as many nuclear power plants in Japan reach the end of their designed lifetimes between 2020 and 2030. Overall, Sumitomo Electric's emissions data and climate commitments reflect a proactive approach to addressing climate change, with a clear focus on significant reductions across all scopes of emissions.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 202,000,000 | - | - | 000,000,000 | 000,000,000 | - | - | - |
| Scope 2 | 1,373,000,000 | - | - | 0,000,000,000 | 0,000,000,000 | - | - | - |
| Scope 3 | 3,150,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
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Sumitomo Electric'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 Electric has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
Frequently Asked Questions
Common questions about Sumitomo Electric's sustainability data and climate commitments