Hitachi

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Hitachi's Climate Commitments and Emissions Reduction Efforts

Hitachi, Ltd. (JP), operating in the Electrical machinery and apparatus n.e.c. (31) industry, demonstrates a strong commitment to climate action through ambitious reduction targets and a comprehensive approach to emissions management.

Emissions Data Overview:

In its reporting year of 2024, Hitachi recorded total emissions of approximately 206,420,000,000 kg CO2e. This figure includes:

• Scope 1 Emissions: Approximately 325,000,000 kg CO2e.
• Scope 2 Emissions: Approximately 208,000,000 kg CO2e.
• Scope 3 Emissions: Approximately 205,820,000,000 kg CO2e, with significant contributions from the use of sold products and purchased goods and services.

For fiscal year 2023, reported Scope 1 and 2 emissions totalled approximately 618,000,000 kg CO2e. Prior to this, Scope 1 and 2 emissions were reported as approximately 1,538,000,000 kg CO2e in fiscal year 2022, and approximately 3,384,000,000 kg CO2e in fiscal year 2021. Emissions data for earlier years (2011-2020) are also available for Scope 1 and 2.

Climate Targets and Initiatives:

Hitachi has set forth a clear roadmap towards achieving carbon neutrality, with a long-term goal of carbon neutrality throughout the value chain by fiscal year 2050, as part of its "Hitachi Environmental Innovation 2050" initiative.

Key reduction targets include:

• Near-Term Targets:
  • A commitment to reduce absolute Scope 1 and 2 Greenhouse Gas (GHG) emissions by 83% by FY2030 from a FY2019 base year.
  • A commitment to reduce Scope 3 GHG emissions from purchased goods and services, and the use of sold products by 52% per billion JPY value added by FY2030 from a FY2022 base year.
  • Additionally, Science Based Targets initiative (SBTi) commitments include reducing absolute Scope 1 and 2 GHG emissions by 100% by 2030 from a 2010 base year, and absolute Scope 3 GHG emissions by 40% over the same timeframe.
• Long-Term Targets:
  • A commitment to reduce absolute Scope 1 and 2 GHG emissions by 90% by FY2050 from a FY2019 base year.
  • A commitment to reduce Scope 3 GHG emissions from purchased goods and services, and the use of sold products by 97% per billion JPY value added by FY2050 from a FY2022 base year.
  • The overarching goal of reaching net-zero greenhouse gas emissions across the value chain by FY2050.

These commitments underscore Hitachi's dedication to sustainable operations and its role in driving environmental innovation within the electrical machinery sector.