Daiwa House Industry Co

Daiwa House Industry Co, headquartered in Japan, reported its most recent carbon emissions for 2024. The company's total emissions were approximately 8.6 billion kg CO2e. This included Scope 1 emissions of about 218 million kg CO2e, Scope 2 emissions (market-based) of around 14 million kg CO2e, and Scope 3 emissions of roughly 8.37 billion kg CO2e. Key contributors to Scope 3 emissions were use of sold products (approximately 3.89 billion kg CO2e), purchased goods and services (about 2.32 billion kg CO2e), and end-of-life treatment of sold products (around 1.45 billion kg CO2e).

Looking back, in 2023, Daiwa House Industry Co reported total emissions of approximately 10.3 billion kg CO2e, with Scope 1 at 684 million kg CO2e, Scope 2 (market-based) at 16 million kg CO2e, and Scope 3 at 9.59 billion kg CO2e. In 2022, total emissions were about 12.33 billion kg CO2e, comprising Scope 1 at 238 million kg CO2e, Scope 2 (market-based) at 131 million kg CO2e, and Scope 3 at 11.86 billion kg CO2e. For 2021, total emissions were approximately 13.61 billion kg CO2e, with Scope 1 at 221 million kg CO2e, Scope 2 (market-based) at 218 million kg CO2e, and Scope 3 at 12.97 billion kg CO2e. In 2020, the total emissions were about 14.24 billion kg CO2e, with Scope 1 at 216.4 million kg CO2e, Scope 2 at 207 million kg CO2e, and Scope 3 at 13.81 billion kg CO2e.

Daiwa House Industry Co is committed to significant emissions reductions. The company aims for carbon neutrality by 2050. They have a near-term target to reduce greenhouse gas emissions across their entire value chain (Scope 1, 2, and 3) by 40% by 2030, compared to a 2015 baseline. More specifically, they commit to reducing Scope 1 and Scope 2 GHG emissions by 70% from the 2015 level by 2030. Daiwa House Industry Co's Science Based Targets initiative (SBTi) commitments include reducing absolute Scope 1 and 2 GHG emissions by 70% by FY2031 from a FY2016 base year. They also commit to reducing absolute Scope 3 GHG emissions from the use of sold products by 63% within the same timeframe, and that 90% of their suppliers by spend covering purchased goods and services will have science-based targets by FY2026. For long-term targets, the company aims to reduce absolute Scope 1, 2, and 3 GHG emissions by 90% by FY2050 from a FY2016 base year, aligning with a net-zero target across the value chain by FY2050. These targets are validated by SBTi as consistent with keeping warming to 1.5°C.