Sumitomo Chemical Formulates Grand Design to Achieve Carbon Neutrality by 2050

Sumitomo Chemical has formulated a grand design to achieve carbon neutrality by 2050, setting out a direction for its initiatives and goals for its activities. The Sumitomo Chemical Group*1 commits itself to reducing its greenhouse gas emissions by 50% by FY2030, compared to the level of emissions in FY2013, and to achieving carbon neutrality by 2050. Having raised its emissions reduction target by FY2030 to 50%, on December 10, 2021, Sumitomo Chemical once again received certification from the Science Based Targets (SBT) *2 initiative for this new target as meeting the standard of “well-below 2°C.”*3 To achieve this newly certified target and carbon neutrality, Sumitomo Chemical will accelerate reductions in greenhouse gas emissions by approaching the issue from the perspectives of both obligations and contributions, implementing initiatives that are built on scientific, logical and quantitative foundations and leveraging the expertise and technological capabilities the Company has developed as a diversified chemical company.

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