Sumitomo Rubber’s Greenhouse Gas Emission Reduction Targets Acquire SBT Certification
Mar. 21. 2024
Sumitomo Rubber Industries, Ltd. is pleased to announce SBT certification*1 granted by the Science Based Targets Initiative (SBTi)*2 for its greenhouse gas emission reduction targets for 2030, which were deemed to be consistent with scientific evidence.
Our greenhouse gas emission reduction targets that were certified are as follows:
We have set targets for 2030*3 to achieve carbon neutrality throughout the supply chain, including SBT-certified targets. We are promoting the initiatives set forth in Driving Our Future Challenge 2050*4, our long-term sustainability policy, and TOWANOWA*5, our circular economy concept for the tire industry.
We are committed to working toward solutions to social and environmental issues throughout our business activities so that we may contribute to the development of a sustainable society.
*1 Greenhouse gas emission reduction targets consistent with scientific findings in line with the Paris Agreement.
*2 A joint initiative established by CDP, the United Nations Global Compact (UNGC), the World Resources Institute (WRI), and the World Wide Fund for Nature (WWF). This initiative supports companies in setting targets consistent with scientific evidence (SBTs: science-based targets) and grants SBT certifications to companies that are found to conform with said targets.
*3 “Sumitomo Rubber Sets 2030 Targets to Achieve Carbon Neutrality Throughout the Supply Chain” (News Release Issued November 28, 2023)
*4 Long-Term Sustainability Policy: “Driving Our Future Challenge 2050”
*5 Introducing a Circular Economy Concept for the Tire Industry: TOWANOWA (News Release Issued March 8, 2023)
Our greenhouse gas emission reduction targets that were certified are as follows:
| Category | Target for 2030 |
| Scopes 1 and 2 (emissions from the company’s own activities) | Reduce absolute emissions by 55% (compared to 2017) |
| Scope 3 (emissions from other companies related to their activities): Category 1(purchased goods and services) |
Reduce absolute emissions by 25% (compared to 2021) |
We have set targets for 2030*3 to achieve carbon neutrality throughout the supply chain, including SBT-certified targets. We are promoting the initiatives set forth in Driving Our Future Challenge 2050*4, our long-term sustainability policy, and TOWANOWA*5, our circular economy concept for the tire industry.
We are committed to working toward solutions to social and environmental issues throughout our business activities so that we may contribute to the development of a sustainable society.
*1 Greenhouse gas emission reduction targets consistent with scientific findings in line with the Paris Agreement.
*2 A joint initiative established by CDP, the United Nations Global Compact (UNGC), the World Resources Institute (WRI), and the World Wide Fund for Nature (WWF). This initiative supports companies in setting targets consistent with scientific evidence (SBTs: science-based targets) and grants SBT certifications to companies that are found to conform with said targets.
*3 “Sumitomo Rubber Sets 2030 Targets to Achieve Carbon Neutrality Throughout the Supply Chain” (News Release Issued November 28, 2023)
*4 Long-Term Sustainability Policy: “Driving Our Future Challenge 2050”
*5 Introducing a Circular Economy Concept for the Tire Industry: TOWANOWA (News Release Issued March 8, 2023)