SUMITOMO CHEMICAL Co., Ltd. is a Japanese multinational corporation that operates in the Organic Chem & Intermediates sector. The company was founded in 1913 and has since grown to become one of the leading chemical companies in the world. It has a diverse range of businesses, including petrochemicals, plastics, chemicals, energy and functional materials.

SUMITOMO CHEMICAL has been committed to decarbonisation and sustainability for many years. The company recognizes that climate change is one of the biggest challenges facing the world today and has set ambitious targets to reduce its carbon footprint. In 2019, SUMITOMO CHEMICAL announced its long-term goal of achieving carbon neutrality by 2050. This means that the company aims to reduce its greenhouse gas emissions to zero by 2050.

To achieve this goal, SUMITOMO CHEMICAL has implemented a range of measures to reduce its carbon footprint. One of these measures is the use of renewable energy. The company has been investing in renewable energy for many years and has set a target of sourcing 30% of its energy from renewable sources by 2030. SUMITOMO CHEMICAL has already made significant progress towards this target and currently sources around 10% of its energy from renewable sources.

In addition to investing in renewable energy, SUMITOMO CHEMICAL has also implemented a range of energy efficiency measures. The company has been working to improve the energy efficiency of its operations and has set a target of reducing its energy consumption by 1% per year. SUMITOMO CHEMICAL has achieved this target for several years in a row and is continuing to work towards further improvements in energy efficiency.

Another important measure that SUMITOMO CHEMICAL has implemented to reduce its carbon footprint is the use of corporate power purchase agreements (PPAs). PPAs are contracts between companies and renewable energy providers that enable companies to purchase renewable energy directly from the source. By using PPAs, companies can ensure that the renewable energy they purchase is additional to the grid and is not displacing other renewable energy projects.

SUMITOMO CHEMICAL has signed several PPAs in recent years and has committed to sourcing a significant portion of its energy from renewable sources through these agreements. In 2020, the company signed a PPA with a wind farm in Japan that will supply the company with 10,000 MWh of renewable energy per year. This is equivalent to the energy consumption of around 2,800 households and will help the company to reduce its carbon footprint.

In addition to its commitment to decarbonisation and sustainability, SUMITOMO CHEMICAL is also committed to corporate social responsibility (CSR). The company recognizes that it has a responsibility to contribute to the communities in which it operates and has implemented a range of initiatives to support this.

One of the key CSR initiatives that SUMITOMO CHEMICAL has implemented is its social contribution activities. The company has established a range of programs to support education, disaster relief, and environmental conservation. These programs are designed to contribute to the sustainable development of local communities and to help address social issues.

SUMITOMO CHEMICAL is also committed to promoting diversity and inclusion. The company recognizes that diversity is essential for innovation and has implemented a range of measures to promote diversity and inclusion within the company. These measures include the promotion of women in leadership positions, the recruitment of employees from diverse backgrounds, and the creation of a supportive work environment for all employees.

In conclusion, SUMITOMO CHEMICAL Co., Ltd. is a Japanese multinational corporation that operates in the Organic Chem & Intermediates sector. The company is committed to decarbonisation and sustainability and has set ambitious targets to reduce its carbon footprint. SUMITOMO CHEMICAL has implemented a range of measures to achieve these targets, including the use of renewable energy, energy efficiency measures, and corporate power purchase agreements. The company is also committed to corporate social responsibility and has implemented a range of initiatives to support the communities in which it operates.