Sumitomo Electric

Sumitomo Electric, headquartered in Japan and operating in the Electricity nec industry, reported total Scope 1, 2, and 3 emissions of approximately 26.6 billion kg CO2e in 2024. This included Scope 1 emissions of 266 million kg CO2e, Scope 2 emissions of 1.353 billion kg CO2e, and Scope 3 emissions of 25.02 billion kg CO2e. In the prior year, 2023, their total emissions were approximately 31.72 billion kg CO2e, comprising 288 million kg CO2e for Scope 1, 1.393 billion kg CO2e for Scope 2, and 30.042 billion kg CO2e for Scope 3.

Sumitomo Electric has set Science Based Targets initiative (SBTi) approved reduction targets. The company commits to reducing absolute Scope 1 and 2 GHG emissions by 30% and absolute Scope 3 GHG emissions by 15% by FY2030/31, against a FY2018/19 base year. They are also working towards achieving carbon neutrality for Scope 1 and 2 emissions by 2050. As an interim target, they aim for a 30% reduction in Scope 1 and 2 GHG emissions by 2030 compared to FY2018 levels, with an annual reduction target of 2.5%. Additionally, they aim for a 15% reduction in Scope 3 emissions by 2030, also compared to FY2018.