Chugoku Marine Paints, Ltd., a leading name in the marine coatings industry, is headquartered in Japan and operates extensively across Asia, Europe, and the Americas. Founded in 1917, the company has established a strong reputation for its innovative solutions in protective coatings, particularly for the marine and industrial sectors.
Chugoku Marine Paints is renowned for its high-performance products, including antifouling paints and protective coatings, which are designed to enhance vessel longevity and operational efficiency. The company’s commitment to sustainability and advanced technology sets it apart in a competitive market.
With a robust market position, Chugoku Marine Paints has achieved numerous accolades for its quality and service, solidifying its status as a trusted partner for shipbuilders and operators worldwide.
-18 vs industry average
Chugoku Marine Paints, Ltd.’s score of 11 is lower than 20% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Chemicals is among the most carbon-intensive industries
Industry performance
The Chemicals industry has reduced its overall emissions by 6% since 2019
Emissions trajectory 2020 – 2024
Reported emissions
Scope 3 accounts for ••• of total emissions.
Chugoku Marine Paints, Ltd.'s reported carbon emissions
Chugoku Marine Paints, Ltd., headquartered in Japan, has reported a total of approximately 13.9 million kg CO2e in emissions for the fiscal year 2021. This figure encompasses Scope 1, Scope 2, and Scope 3 emissions. In the same year, Scope 1 emissions were approximately 3.1 million kg CO2e, and Scope 2 emissions were approximately 4.6 million kg CO2e. For the fiscal year 2020, the company's total emissions were approximately 7.9 million kg CO2e, with Scope 1 emissions at roughly 3.1 million kg CO2e and Scope 2 emissions at approximately 4.8 million kg CO2e. The company has established a near-term target to reduce its Scope 1 and 2 greenhouse gas emissions by 43.9% by fiscal year 2030, using fiscal year 2020 as the base year. Looking further ahead, Chugoku Marine Paints, Ltd. has set a long-term goal to achieve carbon neutrality by fiscal year 2050. The company's disclosed emissions data covers Scope 1, 2, and 3. While Scope 3 data is available, specific details regarding the purchased goods and services category are noted as missing.
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Chugoku Marine Paints, Ltd.’s Climate Goals (2030 & 2050)
4 goals2030
43.9% reduction in Scope 1
We have set the targets of reducing our greenhouse gas (Scope 1 & 2) emissions by 43.9% in fiscal 2030 compared to our base year of fiscal 2…
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Chugoku Marine Paints, Ltd.
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