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Chugoku Marine Paints, Ltd., a prominent player in the chemicals nec industry, is headquartered in Japan and operates extensively across Asia and beyond. Founded in 1917, the company has established itself as a leader in marine coatings, providing innovative solutions that enhance the durability and performance of vessels.
Chugoku Marine Paints is renowned for its high-quality anti-fouling and protective coatings, which are designed to withstand harsh marine environments. Their commitment to research and development has led to significant advancements in eco-friendly products, setting them apart in a competitive market.
With a strong market position, Chugoku Marine Paints has achieved notable milestones, including numerous awards for sustainability and innovation. Their dedication to excellence continues to drive their reputation as a trusted partner in the marine industry.
-1 vs industry average
Chugoku Marine Paints, Ltd.’s score of 31 is lower than 48% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Chemicals is among the most carbon-intensive industries
The Chemicals industry has reduced its overall emissions by 19% since 2018
Scope 3 accounts for ••• of total emissions.
Chugoku Marine Paints, Ltd., a Japan-based chemicals company, reported Scope 1 emissions of approximately 11,445,000 kg CO2e and Scope 2 emissions of about 1,240,000 kg CO2e in 2024. For the same year, their Scope 3 emissions included approximately 559,195,000 kg CO2e from purchased goods and services, 6,108,000 kg CO2e from employee commute, 2,545,000 kg CO2e from business travel, and 925,000 kg CO2e from waste generated in operations.
In 2023, Chugoku Marine Paints, Ltd. recorded Scope 1 emissions of around 11,733,000 kg CO2e and Scope 2 emissions of approximately 1,058,000 kg CO2e. Their Scope 3 emissions in 2023 included roughly 562,562,000 kg CO2e from purchased goods and services, 5,826,000 kg CO2e from employee commute, 3,672,000 kg CO2e from business travel, and 774,000 kg CO2e from waste generated in operations.
The company has set a target to reduce its Scope 1 and Scope 2 greenhouse gas emissions by 43.9% by fiscal year 2030, using fiscal year 2020 as a baseline. Furthermore, Chugoku Marine Paints, Ltd. aims to achieve carbon neutrality by fiscal year 2050 for its Scope 1 and Scope 2 emissions.
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
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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