We have expanded the list of climate policies we assess company engagement with to incorporate land-use related policy, referring to legislative or regulatory measures to enhance and protect ecosystems and land where carbon is being stored. Assessments under this category are currently underweighted in terms of their contribution to the overall company metrics. This weighting will be progressively increased over the next 6 months.
We adjusted the terminology used to describe the queries running down the left-hand side of our scoring matrix and added additional explanatory text to the info-boxes. This has no impact on the scores and methodology. It has been done following user feedback to improve clarity.
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
President & CEO of Sumitomo Corporation is the Vice Chair of JFTC
Hyodo Masayuki
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
President & CEO of Sumitomo Corporation is the Vice Chair of JFTC
Hyodo Masayuki
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Executive Vice President of Sumitomo Corporation is a Vice Chairman of JISF
Sumitomo Corporation Executive Vice President Shingo Ueno
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Executive Vice President of Sumitomo Corporation is a Vice Chairman of JISF
Sumitomo Corporation Executive Vice President Shingo Ueno
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Member of the Environment and Energy Committee of Keizai Doyukai
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Chairman and Representative Director of Sumitomo Forestry (Sumitomo Corporation subsidiary) is a vice secretary of Keizai Doyukai
Sumitomo Forestry Chairman of the Board and Representative Director Akira Ichikawa
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Member of the Environment and Energy Committee of Keizai Doyukai
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Chairman and Representative Director of Sumitomo Forestry (Sumitomo Corporation subsidiary) is a vice secretary of Keizai Doyukai
Sumitomo Forestry Chairman of the Board and Representative Director Akira Ichikawa
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Executive director of Sumitomo Corporation is a policy member of CJEF
Iwanami Gota
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Executive director of Sumitomo Corporation is a policy member of CJEF
Iwanami Gota
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
General Manager of the Light Metal Division of Sumitomo Corporation is a JAA Director
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
General Manager of the Light Metal Division of Sumitomo Corporation is a JAA Director
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
General Manager of the Living Related & Real Estate Business Unit of Sumitomo Corporation is a director of the Real Estate Companies Association of Japan
Living Related & Real Estate Business Unit General Manager Kotaro Tameda
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
General Manager of the Living Related & Real Estate Business Unit of Sumitomo Corporation is a director of the Real Estate Companies Association of Japan
Living Related & Real Estate Business Unit General Manager Kotaro Tameda
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Sumitomo Corporation Vietnam is a Board Company
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
President of Sojitz Vietnam is the Chairman of the Japan-Vietnam Joint Initiative committee
Sumitomo Corporation Vietnam President Hidehiro Fujikawa
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Sumitomo Corporation Vietnam is a Board Company
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
President of Sojitz Vietnam is the Chairman of the Japan-Vietnam Joint Initiative committee
Sumitomo Corporation Vietnam President Hidehiro Fujikawa
In this section, we depict graphically the relationships the corporation has with trade associations, federations, advocacy groups and other third parties who may be acting on their behalf to influence climate change policy. Each of the columns above represents one relationship the corporation appears to have with such a third party. In these columns, the top, dark section represents the strength of the relationship the corporation has with the influencer. For example if a corporation's senior executive also held a key role in the trade association, we would deem this to be a strong relationship and it would be on the far left of the chart above, with the weaker ones to the right. Click on these grey shaded upper sections for details of these relationships. The middle section contains a link to the organization score details of the influencer concerned, so you can see the details of its climate change policy influence. Click on the middle sections for for details of the trade associations. The lower section contains the organization score of that influencer, the lower the more negatively it is influencing climate policy.
Open PDF file of Data Source
Climate Lobbying Overview Sumitomo Corporation appears to have limited engagement on climate and energy policy in Japan. Despite broadly positive top-line positions on climate science, it appears to promote unabated fossil fuels for the energy transition, particularly in emerging countries. In addition, Sumitomo Corporation retains membership to a number of industry associations that have been negative on climate policies.
Top-line Messaging on Climate Policy: Sumitomo Corporation appears to have broadly positive top-line messaging on climate change. In Sumitomo Corporation’s Integrated Report 2021, it recognized some of the climate change science, and supported achieving the goal of the Paris Agreement. In the METI hearing in February 2022, Sumitomo Corporation stated support for ‘all possible means’ to achieve carbon neutrality.
Engagement with Climate-related Regulations: Sumitomo Corporation appears to have limited engagement with climate-related regulations. In their ESG Communication Book 2021, the company remained unclear whether it supports carbon tax or emissions trading.
Positioning on Energy Transition: Sumitomo Corporation appears to have limited and negative position on the energy transition. In an interview video clip on their website accessed in March 2021, an employee mentioned that gas ‘should grow’ to meet the needs of development and environmental protection. During the METI committee on methanation held in September 2021, the company asked for framework to promote methanation technology and CO2 capture. InfluenceMap did not find any recent evidence on Sumitomo Corporation’s position on energy transition in emerging countries, however, in its news released published in August 2019, Sumitomo Corp promoted renewables and appeared to suggest that it might continue to develop new coal-fired power plants based on ‘case-by-case assessments’.
Industry Association Governance: Sumitomo Corporation has not disclosed a full list of industry association membership in its ESG communication book, neither has it published a review of its alignment with industry associations on climate policy. In its 2021 CDP submission, Sumitomo Corporation disclosed membership to one industry association along with the associations’ climate position and the company’s influencing their policy position. The company did not answer to the positions on and engagement with any legislation issues. Sumitomo Corporation remains a member of an industry associations engaged in negative climate policy lobbying, including Australian Petroleum Production & Exploration Association, [131 Keidanren and Queensland Resources Council.