HC Capital

HC Capital's reported carbon emissions

HC Capital, headquartered in Japan and operating within financial intermediation services, has outlined a clear commitment to achieving net zero emissions by 2050. For the reporting year 2024, HC Capital reported substantial emissions across scopes. Total emissions for 2024 were approximately 8.06 billion kg CO2e. This figure is comprised of Scope 1 emissions of approximately 3.09 million kg CO2e, Scope 2 market-based emissions of about 1.37 million kg CO2e (with location-based Scope 2 emissions at approximately 4.93 million kg CO2e), and a significant Scope 3 total of approximately 8.06 billion kg CO2e. Within Scope 3, downstream leased assets represented the largest component at approximately 7.93 billion kg CO2e, followed by investments at around 94.09 million kg CO2e, and capital goods at approximately 14.13 million kg CO2e. Other reported Scope 3 categories included business travel (1.09 million kg CO2e), employee commute (2.42 million kg CO2e), purchased goods and services (9.49 million kg CO2e), waste generated in operations (2.19 million kg CO2e), and fuel and energy-related activities (1.57 million kg CO2e). In 2023, total emissions were approximately 6.64 billion kg CO2e. Scope 1 emissions stood at about 3.09 million kg CO2e, Scope 2 market-based at approximately 3.48 million kg CO2e (with location-based Scope 2 at around 5.78 million kg CO2e), and Scope 3 at approximately 6.64 billion kg CO2e. The breakdown for Scope 3 in 2023 included investments (41.14 million kg CO2e), capital goods (15.25 million kg CO2e), business travel (1.10 million kg CO2e), employee commute (2.43 million kg CO2e), downstream leased assets (6.57 billion kg CO2e), purchased goods and services (7.14 million kg CO2e), waste generated in operations (5.12 million kg CO2e), and fuel and energy-related activities (1.59 million kg CO2e). HC Capital is actively pursuing its net zero ambition with several key targets. They aim to reduce greenhouse gas emissions by 55% by 2030 compared to FY2019. To achieve this, a path to reduce emissions by 5% annually has been established. This interim target is considered to align with the Paris Agreement and aims for zero emissions by FY2040. Measures to reach these targets include the electrification of company vehicles, the adoption of low-emission commercial vehicles, energy conservation in offices, and the utilisation of renewable energy. For Scope 3 emissions, which include categories such as leased assets and investments, HC Capital is developing specific reduction pathways and interim targets, with a focus on identifying main emission categories and implementing countermeasures. The company's commitment to achieving net zero emissions by 2050 is a long-term strategic goal.