Sumitomo Electric
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 50 is higher than 95% 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 2023, Sumitomo Electric reported total carbon emissions of approximately 30,042,000,000 kg CO2e for Scope 3, alongside about 1,681,000,000 kg CO2e for combined Scope 1 and 2 emissions. This reflects a significant commitment to addressing climate change, with a target to achieve carbon neutrality for Scope 1 and 2 emissions by 2050. Additionally, the company aims for carbon neutrality across all scopes by 2035. For the fiscal year 2030/31, Sumitomo Electric has set ambitious reduction targets, committing to a 30% decrease in absolute Scope 1 and 2 greenhouse gas emissions from a FY2018/19 baseline, and a 15% reduction in absolute Scope 3 emissions over the same period. These targets align with industry standards for limiting global warming to well below 2°C. The company has demonstrated progress in its climate initiatives, with ongoing evaluations of its supply chain emissions, particularly for Scope 3, to establish medium- and long-term reduction strategies. Sumitomo Electric's proactive approach underscores its dedication to sustainability and environmental responsibility within the automotive and components sector.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 178,000,000 | - | - | 000,000,000 | 000,000,000 | 000,000,000 | - |
| Scope 2 | 1,326,000,000 | - | - | 0,000,000,000 | 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 |
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 Electric is participating in some 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.
