Hitachi Construction Machinery

Hitachi Construction Machinery, a Japanese firm in the construction work industry (45), is committed to achieving carbon neutrality across its entire value chain by 2050. This overarching goal is supported by specific emission reduction targets and ongoing initiatives.

In terms of emissions data, for the year 2022, Hitachi Construction Machinery reported approximately 269,000,000 kg CO2e for Scope 1 and 2 emissions. For 2021, this figure was around 271,600,000 kg CO2e, and for 2020, approximately 272,000,000 kg CO2e. Prior to this, emissions in 2019 were around 301,000,000 kg CO2e, and in 2018, approximately 399,000,000 kg CO2e. Data for 2010 indicates emissions of about 500 kg CO2e. It's important to note that Scope 3 emissions data is not explicitly detailed in the provided information.

Hitachi Construction Machinery has established near-term targets aligned with the Science Based Targets initiative (SBTi). These include a commitment to reduce absolute Scope 1 and 2 GHG emissions by 51.0% by FY2030 from a FY2018 base year. Additionally, the company aims to reduce absolute Scope 3 GHG emissions by 30.0% within the same timeframe. Previously, targets were set to reduce Scope 1 and 2 emissions by 45% and Scope 3 emissions from the use of sold products by 33%, both by 2030 from a 2010 base year.

The company is actively pursuing decarbonisation through various strategies. For product development, the aim is to reduce CO2 emissions by 22% by fiscal 2025 and 33% by fiscal 2030, compared to fiscal 2010 levels. This involves developing a range of environmentally friendly products, including electrified and hydrogen-fuelled construction equipment. For production processes, the goal is to reduce CO2 emissions by 40% by fiscal 2025 and 45% by fiscal 2030 from the fiscal 2010 level. This is being achieved through energy conservation, transitioning to renewable energy sources, electrification, and fuel conversion. Hitachi Construction Machinery became a member of the "GX League" in May 2023, a Japanese initiative fostering collaboration for green transformation. The company also supports the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) and conducts scenario analyses to assess climate risks and opportunities.