Hitachi Construction Machinery

Hitachi Construction Machinery's reported carbon emissions

Hitachi Construction Machinery, based in Japan and operating in the construction work industry, has established comprehensive climate commitments. The company aims for carbon neutrality across its entire value chain by 2050. 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. This figure represents a slight decrease from 271,600,000 kg CO2e in 2021 and 272,000,000 kg CO2e in 2020. Prior years show higher emissions, with 301,000,000 kg CO2e in 2019 and 399,000,000 kg CO2e in 2018. Emissions data for 2010 was reported as approximately 500 kg CO2e. Hitachi Construction Machinery is actively pursuing decarbonisation through various initiatives, including the development of environmentally friendly products and the optimisation of its production processes. **Key Reduction Targets and Achievements:** * **Overall Carbon Neutrality Goal:** To achieve carbon neutrality across the entire value chain by 2050. * **Product Development CO2 Reduction Targets (from FY2010 level):** * 22% reduction by FY2025. * 33% reduction by FY2030. * The company is developing electrified and hydrogen-fuelled construction equipment to meet these goals. * **Production Process CO2 Reduction Targets (from FY2010 level):** * 40% reduction by FY2025. * 45% reduction by FY2030. * Strategies include energy conservation, renewable energy adoption, and process optimisation. Hitachi Construction Machinery has also secured Science Based Targets initiative (SBTi) validation for its emissions reduction goals. Specifically, the company commits to a 45% absolute reduction in Scope 1 and 2 GHG emissions by 2030 from a 2010 base year. Additionally, it aims for a 33% absolute reduction in Scope 3 GHG emissions from the use of sold products by 2030, also from a 2010 base year. More recently, updated SBTi commitments indicate a commitment to reduce absolute Scope 1 and 2 GHG emissions by 51.0% by FY2030 from a FY2018 base year, and absolute Scope 3 GHG emissions by 30.0% within the same timeframe. The company is also a member of the "GX League" in Japan, an initiative focused on Green Transformation and achieving carbon neutrality. Hitachi Construction Machinery has also publicly endorsed the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD).