Aeon

Aeon's reported carbon emissions

Aeon, a retail trade services company headquartered in Japan, has reported significant carbon emissions and established several climate commitments. For the year 2024, Aeon recorded a total of approximately 1.77 billion kg CO2e across Scopes 1, 2, and 3. This includes Scope 1 emissions of about 288.3 million kg CO2e and Scope 2 emissions of approximately 264.0 million kg CO2e. Scope 3 emissions, particularly from downstream leased assets, contributed significantly, totalling around 1.18 billion kg CO2e. In 2023, Aeon's total emissions were approximately 1.44 billion kg CO2e, comprising 294.3 million kg CO2e for Scope 1 and 139.5 million kg CO2e for Scope 2. Scope 3 emissions in 2023 were around 1.02 billion kg CO2e, with downstream leased assets being a major contributor. Aeon has set ambitious reduction targets. Notably, the company aims for a 35% reduction in total CO2 emissions from its stores by 2030, compared to a 2010 baseline. This target applies to both Scope 1 and Scope 2 emissions. Furthermore, Aeon is committed to reducing its Scope 1 and Scope 2 emissions by 50% by 2030, using 2020 as a baseline year. A longer-term goal includes achieving a 70% absolute emissions reduction for Scope 1 and 2 by 2035, referencing a 2019 baseline. Aeon also aims to achieve net-zero emissions by 2050. To support these goals, Aeon plans to power its Japanese shopping centres and general merchandise stores with 100% renewable energy by 2030. The company's Science Based Targets initiative (SBTi) commitments include a target to reduce absolute Scope 1 and 2 GHG emissions by 46.2% by 2030, based on a 2019 baseline year. Additionally, Aeon has committed to ensuring that 80% of its suppliers, covering purchased goods and services, set their own science-based targets by 2021.