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Insurance Services
JP
updated 7 days ago

Chugoku Electric Power

Company website

Chugoku Electric Power Co., Inc., commonly referred to as Chugoku Electric, is a prominent player in Japan's energy sector, headquartered in Hiroshima. Established in 1951, the company has significantly contributed to the region's electricity supply, primarily serving the Chugoku area, which includes Hiroshima, Okayama, and Yamaguchi prefectures. Specialising in the generation, transmission, and distribution of electricity, Chugoku Electric is known for its commitment to sustainable energy solutions and innovative technologies. The company operates a diverse portfolio of power generation facilities, including thermal, hydroelectric, and renewable energy sources, setting it apart in a competitive market. With a strong focus on customer service and environmental stewardship, Chugoku Electric has achieved notable milestones, positioning itself as a leader in the Japanese energy industry. Its dedication to reliability and sustainability continues to drive its growth and influence in the sector.

DitchCarbon Score

How does Chugoku Electric Power's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.

34

Industry Average

Mean score of companies in the Insurance Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.

27

Industry Benchmark

Chugoku Electric Power's score of 34 is higher than 60% of the industry. This can give you a sense of how well the company is doing compared to its peers.

60%

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Chugoku Electric Power's reported carbon emissions

In 2023, Chugoku Electric Power reported total carbon emissions of approximately 19,610,000,000 kg CO2e. This figure includes Scope 1 emissions of about 19,610,000,000 kg CO2e, Scope 2 emissions of around 40,000,000,000 kg CO2e, and Scope 3 emissions totalling approximately 13,000,000,000 kg CO2e. Within Scope 3, significant contributors include fuel and energy-related activities at about 8,300,000,000 kg CO2e and the use of sold products at approximately 2,200,000,000 kg CO2e. Comparatively, in 2022, the company recorded Scope 1 emissions of about 18,500,000,000 kg CO2e, Scope 2 emissions of approximately 30,000,000,000 kg CO2e, and Scope 3 emissions of around 10,880,000,000 kg CO2e. This indicates a slight increase in emissions across all scopes from 2022 to 2023. Chugoku Electric Power has not disclosed specific reduction targets or initiatives as part of its climate commitments. The company does not appear to have cascaded data from any parent organisation, and its emissions data is sourced directly from The Chugoku Electric Power Co., Inc. Overall, while the company has made strides in reporting its emissions, further details on reduction strategies and commitments would enhance its climate action profile.

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20192020202120222023
Scope 1
20,340,000,000
00,000,000,000
00,000,000,000
00,000,000,000
00,000,000,000
Scope 2
40,000,000,000
00,000,000,000
00,000,000,000
00,000,000,000
00,000,000,000
Scope 3
14,300,000,000
00,000,000,000
00,000,000,000
00,000,000,000
00,000,000,000

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Chugoku Electric Power's primary industry is Insurance and pension funding services, except compulsory social security services (66), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Chugoku Electric Power is in JP, which has a low grid carbon intensity relative to other regions.

Reduction initiatives & disclosure networks

Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.

Chugoku Electric Power is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers

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