Hitachi Energy AG Sustainability Profile
Hitachi Energy AG, formerly known as Hitachi ABB Power Grids, is a leading player in the energy sector, headquartered in Switzerland (CH). Established in 2020, the company emerged from a joint venture between Hitachi and ABB, combining decades of expertise in power and automation technologies. Operating globally, Hitachi Energy focuses on sustainable energy solutions, including grid integration, digitalisation, and energy management. Their core products and services, such as high-voltage equipment and advanced software solutions, are designed to enhance the efficiency and reliability of power systems. With a strong commitment to innovation, Hitachi Energy has positioned itself as a key contributor to the transition towards a low-carbon energy future, achieving significant milestones in renewable energy integration and smart grid technologies.
DitchCarbon Score
How does Hitachi Energy AG's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Electrical Machinery Manufacturing industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Hitachi Energy AG's score of 76 is higher than 86% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Hitachi Energy AG, headquartered in Switzerland, has set ambitious climate commitments aimed at achieving net-zero greenhouse gas emissions across its value chain by FY2050. Although specific carbon emissions data for the most recent year is not available, the company has established significant reduction targets. Hitachi Energy aims to reduce absolute Scope 1 and 2 greenhouse gas emissions by 80% by FY2030, using 2019 as the baseline year. Additionally, the company has committed to a 90% reduction in these emissions by FY2050. For Scope 3 emissions, which encompass emissions from purchased goods and services, transportation, business travel, and product use, Hitachi Energy targets a 55% reduction per MVA sold by FY2030 and a 97% reduction by FY2050. These targets are aligned with the Science Based Targets initiative (SBTi) and are designed to meet the requirements necessary to limit global warming to 1.5°C. The company’s commitment to sustainability is further reinforced by its membership in the BA1.5 initiative, demonstrating its dedication to climate action. Hitachi Energy's climate strategy reflects a comprehensive approach to reducing emissions across all scopes, with a clear focus on both near-term and long-term goals. The company is on track to meet its five-year targets, showcasing its commitment to environmental stewardship and sustainable practices within the construction and engineering sector.
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| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | - | - | - | - | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | - | - | - | - | - | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | - | - | - | - | - | - | - | - | - | 000,000,000,000 |
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Hitachi Energy AG's Scope 3 Categories Breakdown
Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Use of Sold Products" being the largest emissions source at 92% of Scope 3 emissions.
Top Scope 3 Categories
Hitachi Energy AG's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Hitachi Energy AG has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
