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Sumitomo Realty

Sumitomo Realty & Development is a publicly listed company headquartered in Tokyo, Japan. The company develops, constructs, manages and sells commercial properties, condominiums and houses. It is one of the three largest real estate developers in Japan, alongside Mitsui Fudosan and Mitsubishi Estate.

Summary

Sumitomo Realty discloses information on some topics related to urban sustainability but lacks disclosure on many important topics. The company identifies its material impacts, but it can offer greater transparency on its external stakeholder engagement and process used to identify and prioritise its impacts. The company can foster stronger and more collaborative relationships by including the local government as a stakeholder group and outlining its engagement process with all types of stakeholders.

As a leading housing provider in Japan, Sumitomo Realty’s limited disclosure on affordability is a crucial gap that the company needs to tackle to better assess its contribution to housing accessibility and social sustainability. Additionally, the company should disclose its process to identify and mitigate its salient human rights risks. From a climate perspective, although the company aims to reduce its scope 1, 2 and 3 emissions by 50% by 2030, it can further set emissions targets validated by the Science Based Targets initiative (SBTi) to align with the 1.5°C pathway and demonstrate its support for the Paris Agreement.

Ranking position: #159 /300
Total score: 9.3 /100

Measurement area	Score	Rank (0-300)
Governance & Strategy	#1 4.2 /100	#153
Inclusive Cities	#1 10.0 /100	#182
Healthy Cities	#1 2.8 /100	#162
Climate Proof & Resilient Cities	#1 24.2 /100	#31
Core Social Indicators	#1 5.6 /100	#160

Industries
Real estate	#62

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More about the company

Headquarters: Japan
Ownership structure: Public
Revenue: USD 7,148 billion (2022)
Number of employees: 12957 (2022)
Website: https://english.sumitomo-rd.co.jp

This company is part of the SDG2000, the 2000 most influential companies

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