Foster Electric

Foster Electric, a company in the furniture and other manufactured goods sector based in Japan, has reported significant carbon emissions across its operations. For the 2024 reporting year, the company's total emissions amounted to approximately 289,212,000 kg CO2e. This figure is comprised of Scope 1 emissions totalling about 1,387,000 kg CO2e, Scope 2 emissions of approximately 46,261,000 kg CO2e, and substantial Scope 3 emissions estimated at 289,212,000 kg CO2e. Key contributors to their Scope 3 emissions include downstream transportation and distribution, and purchased goods and services.

Looking back, total emissions in 2023 were around 290,646,000 kg CO2e, and in 2022, they were approximately 264,444,000 kg CO2e. In 2021, Foster Electric reported total emissions of about 341,667,000 kg CO2e.

Foster Electric has established ambitious climate commitments. They aim to achieve carbon neutrality by 2050. To meet this long-term goal, the company has set near-term targets: reducing absolute Scope 1 and 2 CO2 emissions by 50% by 2030, using a 2018 base year. Additionally, Foster Electric is working to reduce absolute Scope 3 emissions by 15% by 2030, also from a 2018 baseline. Recent performance indicates they are on track for their two-year and five-year targets for Scope 2 emission reductions.