Hitachi Capital

Hitachi Capital's reported carbon emissions

Hitachi Capital's latest reported emissions data is for the fiscal year ending March 2023, with a total of approximately 11.4 million kg CO2e. This figure encompasses Scope 1, Scope 2, and Scope 3 emissions. In more detail for FY2023: * **Scope 1 emissions:** Approximately 246,000 kg CO2e. * **Scope 2 emissions:** Approximately 363,000 kg CO2e. * **Scope 3 emissions:** Approximately 11,030,000 kg CO2e, with significant contributions from purchased goods and services (approximately 5,606,000 kg CO2e) and capital goods (approximately 4,469,000 kg CO2e). For the fiscal year ending March 2022, total emissions were approximately 15.7 million kg CO2e, comprising Scope 1 (approximately 482,000 kg CO2e), Scope 2 (approximately 453,000 kg CO2e), and Scope 3 (approximately 14,749,000 kg CO2e). Prior to that, for the fiscal year ending March 2021, total emissions were approximately 13.9 million kg CO2e, including Scope 1 (approximately 60,000 kg CO2e), Scope 2 (approximately 349,000 kg CO2e), and Scope 3 (approximately 13,482,000 kg CO2e). In the fiscal year ending March 2020, total emissions amounted to approximately 14.1 million kg CO2e, with Scope 1 at approximately 1,191,000 kg CO2e, Scope 2 at approximately 546,000 kg CO2e, and Scope 3 at approximately 12,428,000 kg CO2e. **Climate Commitments and Reduction Targets:** Hitachi Capital (MHCUK) has established several emissions reduction targets. It commits to reducing absolute Scope 1 and 2 GHG emissions by 50% by 2030 from a FY2019/20 base year. Additionally, the company aims to reduce absolute Scope 3 GHG emissions from business travel, employee commuting, and waste by 30% by 2030 from a FY2019 base year. A further commitment is to reduce absolute Scope 3 GHG emissions from downstream leased assets by 30% by 2030, also against a FY2019 baseline. Furthermore, Hitachi Capital is working towards achieving Net Zero emissions by no later than 2050, with these targets in the process of being validated by the Science Based Targets initiative (SBTi). The company also commits to annually sourcing 100% renewable electricity by the end of 2030. It is important to note that the emissions data and reduction targets for Hitachi Capital are cascaded from its parent company, Mitsubishi HC Capital UK PLC.