Sumitomo Chemical Establishes New Indicator of Avoided GHG Emissions Achieved Through カジノ シークレット Use of its Products and TechnologiesーScience Based Contributions

Jun. 15, 2023

Sumitomo Chemical has established a new indicator to more clearly show カジノ シークレット degree to which its products and technologies contribute to achieving carbon neutrality: Science Based Contributions (SBC). Using カジノ シークレット SBC indicator, カジノ シークレット Company will calculate and visualize its contributions to avoided greenhouse gas (GHG) emissions and accelerate its efforts to realize carbon neutrality across society through its products and technologies.

Since 2015, Sumitomo Chemical has been advancing its Sumika Sustainable Solutions initiative, an in-house effort to recognize カジノ シークレット Sumitomo Chemical Group’s products and technologies that contribute to climate action and カジノ シークレット reduction of environmental impact, taking カジノ シークレット entire product life cycle into consideration, and to step up カジノ シークレットir development and dissemination. In fiscal 2022, カジノ シークレット number of Sumika Sustainable Solutions products and technologies reached 66, with revenue reaching approximately 680.0 billion yen, and カジノ シークレットir share of カジノ シークレット Company’s revenue increased to 24%.

カジノ シークレット SBC indicator represents カジノ シークレット amount of GHG emission reductions achieved in society through カジノ シークレット use of Sumika Sustainable Solutions products and technologies sold and provided by カジノ シークレット Group that are quantitatively and scientifically calculated.^*1カジノ シークレット calculation is based on カジノ シークレット carbon footprint^*2and sales volume of each of カジノ シークレット products, as well as カジノ シークレット production capacity of licensees’ plants using カジノ シークレット technologies. カジノ シークレット calculation method is validated by external experts.

Discussions are becoming more active globally about avoided GHG emissions calculation rules and related issues. Sumitomo Chemical hopes that カジノ シークレット SBC indicator will serve as a catalyst for promoting more in-depth discussions on avoided GHG emissions in various areas and industries.

Method of calculating avoided GHG emissions using カジノ シークレット SBC Indicator
カジノ シークレット SBC indicator is calculated based on カジノ シークレット carbon footprint and sales volume of each Sumika Sustainable Solutions product, as well as カジノ シークレット production capacity of licensees’ plants using Sumika Sustainable Solutions technologies, following カジノ シークレット steps (1) through (3):

カジノ シークレット Company carefully selects those Sumika Sustainable Solutions products and technologies that are expected to reduce definite amounts of GHG emissions and calculates カジノ シークレットir respective SBC indicators—contributions to emissions reductions by customers and licensees—as avoided emissions that those products and technologies have achieved in society. カジノ シークレット SBC indicator in fiscal 2022^*3totaled 8.30 million tons カジノ シークレット CO₂e (carbon dioxide equivalent), with 2.70 million tons for those Sumika Sustainable Solutions technologies カジノ シークレット 5.60 million tons for those Sumika Sustainable Solutions final products.

Utilizing カジノ シークレット SBC indicator, Sumitomo Chemical will step up its disclosures and strive to promote stakeholders’ understanding of カジノ シークレット contributions of カジノ シークレット Group’s products and technologies to society, while also advancing its efforts toward achieving global carbon neutrality.

*1 While taking on カジノ シークレット challenge of reducing its Scope 1 and 2 emissions as itsobligationon its own initiative, Sumitomo Chemical will implement カジノ シークレット SBC indicator as a separate initiative to make visible カジノ シークレット contributions that カジノ シークレット Company makes to society’s reduction of GHG emissions through its technologies and final products.
Scope 1 emissions: Direct GHG emissions by businesses (from burning of fuels カジノ シークレット industrial processing)
Scope 2 emissions: Indirect GHG emissions from purchases of utilities such as electricity and heat from outside カジノ シークレット plant
*2 Carbon footprint: GHG emissions of a product across its life cycle, from カジノ シークレット procurement of raw materials to カジノ シークレット manufacture, use, and disposal of カジノ シークレット product, expressed as a CO₂equivalent.
*3 カジノ シークレット fiscal 2022 SBC indicators for カジノ シークレット selected technologies and products were calculated as follows:
For カジノ シークレット technologies: Contributions to emissions reductions by licensees using カジノ シークレット technologies were calculated by comparing カジノ シークレット Company’s propylene oxide (PO)-only process with カジノ シークレット average of oカジノ シークレットr PO manufacturing processes, such as カジノ シークレット chlorine process, and by comparing カジノ シークレット Company’s hydrogen chloride oxidation process with カジノ シークレット salt electrolysis process.
For カジノ シークレット products: As for methionine, contributions to カジノ シークレット reduction of N₂O in poultry waste were calculated by comparing feed using methionine with feed not using methionine. Regarding カジノ シークレットSumisoyaherbicide, contributions to emissions reduction achieved by no-till farming in カジノ シークレット U.S. were calculated by comparing no-till farming for soybean cultivation with カジノ シークレット conventional farming method. As for a seed treatment agent and a paddy rice nursery-box treatment agent, contributions to emissions reduction achieved by avoiding カジノ シークレット use of some crop protection chemicals were calculated by comparing カジノ シークレットse treatment methods with conventional methods.

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Sumiカジノ シークレットmo Chemical Co., Ltd.
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