Addressing the issue of climate change

Basic Policy

Sumitomo Corporation has set out the following basic policy regarding climate change:

• Aim to make the Sumitomo Corporation Group carbon neutral in 2050(*1).
  Develop technologies and business models for creating a sustainable energy cycle by reducing CO2 emissions and achieving negative emissions(*2) for society as a whole.
• In addition to reducing and absorbing CO2 emissions from our business, we will contribute to the carbon neutralization of society through cooperative initiatives and recommendations made with business partners and public institutions.

Based on the above basic policy, we are also promoting efforts toward decarbonization and low carbonization, and here we will introduce our efforts in each area.

*1  The scope of business targeted for carbon neutralization is as follows [Scope1・2] Direct CO2 emissions from Sumitomo Corporation and its subsidiaries, as well as indirect CO2 emissions from the generation of energy used by each company (however, for power generation businesses, emissions from those affiliated companies under the equity method are also included) [Scope3] Indirect CO2 emissions associated with the use of energy resources produced by fossil energy concession of Sumitomo Corporation Group, its subsidiaries, and affiliated companies under the equity method. Carbon neutrality means net-zero CO2 emissions that combine CO2 emissions from our business and our contributions to CO2 emission reduction.

*2  Negative emission refers to the absorption, capturing, and removal of CO2 emitted in the past and accumulated in the atmosphere.

Mobility and Energy

The mobility and energy industries are rapidly evolving due to technological innovations and environmental regulations. As electric vehicles (EVs) become more widespread and the demand for renewable energy increases, these industries are striving for a sustainable future.

Government policies and regulations are also accelerating the move towards carbon neutrality. Additionally, advancements in smart grids and energy storage technologies are enabling more efficient energy use. In the mobility industry, the rise of autonomous driving technology and the sharing economy is creating new business models, while in the energy industry, decentralized energy systems are gaining attention.

We see these changes as business opportunities and are committed to contributing to decarbonization and low-carbon initiatives in each industry.

Related Project：①Re-Power Bus

Infrastructure

We are promoting the expansion of high-quality social infrastructure to address social issues such as traffic congestion and air pollution. Through projects involving railways, satellites, airports, and mobile communications, we are contributing to the realization of a decarbonized and low-carbon society.

We will continue to advance projects that contribute to the realization of a decarbonized and low-carbon society, tailored to the needs of each country.