Furukawa Electric Co., Ltd.

Furukawa Electric Co., Ltd. (JP, Electrical machinery and apparatus n.e.c. (31)) has established ambitious climate commitments. The company aims for significant reductions in greenhouse gas (GHG) emissions.

Emissions Data:

• 2019: Reported total GHG emissions of approximately 5,477,000,000 kg CO2e. This included approximately 172,000,000 kg CO2e for Scope 1, approximately 570,000,000 kg CO2e for Scope 2, and approximately 4,735,000,000 kg CO2e for Scope 3.
• 2018: Reported total GHG emissions of approximately 2,532,000,000 kg CO2e, comprising approximately 197,000,000 kg CO2e (Scope 1) and approximately 646,000,000 kg CO2e (Scope 2). Scope 3 emissions for this year were approximately 1,689,000,000 kg CO2e.
• 2017: Reported total GHG emissions of approximately 2,539,000,000 kg CO2e, with Scope 1 emissions around 238,000,000 kg CO2e and Scope 2 emissions around 665,000,000 kg CO2e. Scope 3 emissions were approximately 1,636,000,000 kg CO2e.
• 2016: Reported total GHG emissions of approximately 2,464,000,000 kg CO2e, with Scope 1 at approximately 209,000,000 kg CO2e and Scope 2 at approximately 671,000,000 kg CO2e. Scope 3 emissions were approximately 1,584,000,000 kg CO2e.
• 2015: Reported total GHG emissions of approximately 2,480,000,000 kg CO2e, including approximately 155,000,000 kg CO2e for Scope 1 and approximately 676,000,000 kg CO2e for Scope 2. Scope 3 emissions were approximately 1,649,000,000 kg CO2e.
• 2014: Reported Scope 1 emissions of approximately 138,000,000 kg CO2e and Scope 2 emissions of approximately 694,000,000 kg CO2e. Scope 3 data was not disclosed for this year.

Climate Commitments and Reduction Targets:

Furukawa Electric Co., Ltd. has set multiple emission reduction targets aligned with climate science.

• Science-Based Targets initiative (SBTi):

  • Committed to reducing absolute Scope 1 and 2 GHG emissions by 46% by FY2030 from a FY2017 base year.
  • Committed to reducing absolute Scope 3 GHG emissions by 20% by FY2030 from a FY2019 base year.
  • More recently, Furukawa Electric Co., Ltd. commits to reduce absolute Scope 1 and 2 GHG emissions by 63.0% by FY2035 from a FY2021 base year. They also commit to reducing absolute Scope 3 GHG emissions from purchased goods and services and use of sold products by 38.0% within the same timeframe.
  • A long-term commitment is to reduce absolute Scope 1 and 2 GHG emissions by 90.0% by FY2049 from a FY2021 base year, with a similar 90.0% reduction target for absolute Scope 3 GHG emissions.
  • The company has committed to achieve net-zero greenhouse gas emissions across the value chain by FY2049.

• Other Reduction Targets:

  • A near-term target is to reduce Scope 1 and 2 emissions by at least 42% compared to FY2021 by 2030.
  • There is also a stated medium-term target to reduce CO2 emissions by at least 26% by 2030 against 2013 levels.
  • A long-term target aims for reductions of at least 50% in CO2 emissions by 2050, referencing the IPCC AR5.

Furukawa Electric's commitment to these targets demonstrates a strategic approach to decarbonisation within the electrical machinery and apparatus sector.