Sumitomo Chemical has decided to establish a Carbon Neutral Strategy Council and a Carbon Neutral Strategy Cross-Functional Team on February 1, 2021, in order to promote and formulate the Sumitomo Chemical Group’s strategies for achieving carbon neutrality by 2050.
Sumitomo Chemical’s approaches to carbon neutrality strategies
- To minimize greenhouse gas emissions associated with the Group’s production activities through innovation, and provide and deploy new technologies across the world.
- To drive innovations for greenhouse gas emissions reduction regarding materials used in society, and provide products and solutions that contribute to carbon neutrality from a Life Cycle Assessment perspective.
- To actively engage in the development of technologies for recovery, separation, use and storage of greenhouse gasses emitted from other industries and from communities, and help the process by becoming part of a system that implements such technologies in society.
- To take on the long-term challenge of developing carbon negative technologies to reduce the absolute volume of greenhouse gas in the atmosphere.
A Carbon Neutral Strategy Cross-Functional Team is also set up as an administrative office for the Council. This is a cross-sectoral team led by executive officers supervising research planning and coordination, responsible care, and related functions.
The team will play a major role in incorporating into the company’s strategies multifaceted approaches unique to a diversified chemical company, such as society-wide implementation of innovative energy-storage and energy-saving technologies, the establishment of effective carbon cycles, promoting the supply and use of hydrogen (including ammonia), and contributing to reducing greenhouse gas emissions in the livestock and agricultural sectors.