Daiwa House Industry Co

Daiwa House Industry Co, headquartered in Japan, reported its most recent Scope 1, 2, and 3 emissions for 2024. The company's total emissions for 2024 were approximately 8.6 billion kg CO2e. This includes Scope 1 emissions of about 218 million kg CO2e and Scope 2 (market-based) emissions of approximately 14 million kg CO2e. Scope 3 emissions were approximately 8.366 billion kg CO2e, with significant contributions from the use of sold products (about 3.888 billion kg CO2e), purchased goods and services (about 2.32 billion kg CO2e), and end-of-life treatment of sold products (about 1.45 billion kg CO2e).

Looking back, in 2023, the company's Scope 1 emissions were approximately 684 million kg CO2e, Scope 2 (market-based) emissions were about 16 million kg CO2e, and Scope 3 emissions were approximately 9.595 billion kg CO2e. In 2022, Scope 1 emissions were around 238 million kg CO2e, Scope 2 (market-based) emissions were about 131 million kg CO2e, and Scope 3 emissions were approximately 11.858 billion kg CO2e.

Daiwa House Industry Co has set ambitious climate commitments. The company aims to achieve carbon neutrality by 2050. They have a near-term Science Based Target initiative (SBTi) commitment to reduce absolute Scope 1 and 2 GHG emissions by 70% by FY2031 from a FY2016 base year. Furthermore, they commit to reducing absolute Scope 3 GHG emissions from the use of sold products by 63% within the same timeframe. Additionally, 90% of their suppliers by spend, covering purchased goods and services, are committed to setting science-based targets by FY2026. For long-term goals, Daiwa House Industry Co commits to reducing absolute Scope 1, 2, and 3 GHG emissions by 90% by FY2050 from a FY2016 base year. The company's targets are classified by SBTi as consistent with keeping global warming to 1.5°C.