- Rising prices and financial tightening impacting personal consumption and capital investment.
- Economic slowdown due to monetary policy and high interest rates.
- Geopolitical risks impacting supply chains and economic growth.
- Downturn in the U.S. office building rental market.
- Sluggish demand for semiconductors.
- Deteriorating market conditions and weather factors in the agribusiness field.
- Climate change, biodiversity loss, and human rights issues throughout the value chain.
Sumitomo Corporation
Greenhouse gas emissions & sustainability report data
In its 2023-04-01 to 2024-03-31 reporting, Sumitomo Corporation disclosed greenhouse gas emissions of 51.6K thousand t-CO2e (FY2023 preliminary). By scope: Scope 1: 4.5K thousand t-CO2e (FY2023 preliminary); Scope 2: 572 thousand t-CO2e (FY2023, preliminary); Scope 3: 46.5K thousand t-CO2e (FY2023 preliminary). Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
51.6K thousand t-CO2e (FY2023 preliminary)
2023-04-01 to 2024-03-31
📊 Emissions by Scope (2023-04-01 to 2024-03-31)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 4.5K thousand t-CO2e (FY2023 preliminary) |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 572 thousand t-CO2e (FY2023, preliminary) |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 46.5K thousand t-CO2e (FY2023 preliminary) |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023-04-01 to 2024-03-31 | 51.6K thousand t-CO2e (FY2023 preliminary) |
| 2022 | 52.6K thousand t-CO2e |
| 2021 | 2.1K thousand t-CO2e |
| 2020-04 to 2021-03 | 55.4K thousand t-CO2e/year (2020) |
| 2015 | 7.2K t-CO2 (2014) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced CO2 emissions by 13.9% compared to the base year (FY2019). Note: This includes Scope 1, 2, and 3 emissions, with a breakdown provided in the report. Specific figures are preliminary and will be updated.
- Reduced CO2 emissions from fossil energy concessions by 29.2% compared to the base year (FY2019). Note: This includes thermal coal mine business emissions.
- Aiming to achieve zero production from thermal coal mines by the end of the 2020s.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce CO2 emissions by more than 50% by FY2030 compared to FY2019.
📅 Medium-term
- Reduce CO2 emissions by 60% or more by 2035 (compared to 2019) in IPP business.
- End all coal-fired power generation business in the late 2040s.
- Female Manager ratio: 20% or more by FY2030
- Female Department General Manager ratio: 10% or more by FY2030
- Female Director and Audit & Supervisory Board Member ratio: 30% or more by FY2030
🔭 Long-term
- Achieve carbon neutrality by 2050.
🌱 ESG Focus Areas
Build resilient and prosperous societyOvercome climate changePreserve and regenerate natural capitalRespect human rightsDevelop talent and promote DE&IMaintain and strengthen governance