Furukawa Electric Co., Ltd. Sustainability Profile
Furukawa Electric Co., Ltd., a prominent player in the global telecommunications and electrical equipment industry, is headquartered in Japan. Established in 1884, the company has evolved significantly, marking key milestones in innovation and technology. With a strong presence in Asia, Europe, and North America, Furukawa Electric excels in areas such as optical fibre, copper cables, and advanced materials. The company is renowned for its cutting-edge products, including high-performance optical fibre systems and energy-efficient electrical solutions, which set it apart in a competitive market. As a leader in the telecommunications sector, Furukawa Electric has garnered recognition for its commitment to quality and sustainability, solidifying its position as a trusted partner for businesses worldwide.
DitchCarbon Score
How does Furukawa Electric Co., Ltd.'s carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Other Non-Ferrous Metal Products industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Furukawa Electric Co., Ltd.'s score of 41 is higher than 66% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Furukawa Electric Co., Ltd.'s reported carbon emissions
In 2023, Furukawa Electric Co., Ltd. reported total carbon emissions of approximately 4.693 billion kg CO2e. This figure includes Scope 1 emissions of about 147 million kg CO2e, Scope 2 emissions of approximately 346 million kg CO2e, and Scope 3 emissions amounting to around 4.2 billion kg CO2e. The company has set ambitious climate commitments, aiming to reduce its Scope 1 and Scope 2 emissions by 25% compared to fiscal 2023 levels by 2030, in alignment with the Paris Agreement and Japanese government targets. Additionally, Furukawa Electric is committed to achieving carbon neutrality by 2050. Furukawa Electric has also established near-term targets, committing to a 42% reduction in absolute Scope 1 and Scope 2 greenhouse gas emissions by 2030 from a 2021 baseline. Furthermore, the company aims to reduce absolute Scope 3 emissions from purchased goods and services and the use of sold products by 25% within the same timeframe. These initiatives reflect Furukawa Electric's dedication to sustainability and its proactive approach to addressing climate change within the electrical equipment and machinery sector.
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| 2016 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | - | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | - | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
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Furukawa Electric Co., Ltd.'s Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Furukawa Electric Co., Ltd. has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
Frequently Asked Questions
Common questions about Furukawa Electric Co., Ltd.'s sustainability data and climate commitments