Hokuriku Electric Power Sustainability Profile
Hokuriku Electric Power Company, commonly referred to as Hokuriku Electric, is a prominent player in Japan's energy sector, headquartered in Toyama City, Japan. Established in 1951, the company has significantly contributed to the development of the Hokuriku region, providing reliable electricity and innovative energy solutions. Operating primarily in the Hokuriku area, Hokuriku Electric Power focuses on the generation, transmission, and distribution of electricity, alongside expanding its services in renewable energy. The company is recognised for its commitment to sustainability, investing in hydroelectric and solar power projects that distinguish it from competitors. With a strong market position, Hokuriku Electric has achieved notable milestones, including advancements in energy efficiency and customer service. Its dedication to technological innovation and community engagement solidifies its reputation as a trusted energy provider in Japan.
DitchCarbon Score
How does Hokuriku Electric Power'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 Electricity from Other Sources 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
Hokuriku Electric Power's score of 38 is higher than 60% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Hokuriku Electric Power's reported carbon emissions
In 2023, Hokuriku Electric Power reported total carbon emissions of approximately 13,150,000,000 kg CO2e for Scope 1, 20,000 kg CO2e for Scope 2, and about 4,520,000,000 kg CO2e for Scope 3 emissions. This represents a significant portion of their overall emissions profile, with Scope 1 emissions primarily arising from direct operations, while Scope 3 emissions encompass a wide range of indirect activities, including capital goods and fuel-related activities. Hokuriku Electric Power has set ambitious reduction targets to address its greenhouse gas emissions. By 2030, the company aims to achieve a 50% reduction in total GHG emissions across its entire supply chain (Scope 1, 2, and 3) from a 2013 baseline. Additionally, they have committed to a 70% reduction in emissions from their business activities (Scope 1 and 2) by the same year. A near-term target for 2025 includes a 55% reduction in Scope 1 emissions. These commitments reflect Hokuriku Electric Power's proactive approach to climate action, aligning with industry standards and demonstrating a clear pathway towards sustainability. The company continues to monitor and report its emissions, ensuring transparency and accountability in its climate initiatives.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 16,690,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
| Scope 2 | 80,000 | - | 00,000 | 00,000 |
| Scope 3 | 5,020,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
How Carbon Intensive is Hokuriku Electric Power's Industry?
How Carbon Intensive is Hokuriku Electric Power's Location?
Hokuriku Electric Power's Scope 3 Categories Breakdown
Hokuriku Electric Power's Scope 3 emissions, which increased by 3% last year and decreased by approximately 10% since 2020, demonstrating supply chain emissions tracking. Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 26% of total emissions under the GHG Protocol, with "Fuel and Energy Related Activities" being the largest emissions source at 85% of Scope 3 emissions.
Top Scope 3 Categories
Hokuriku Electric Power'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.
Hokuriku Electric Power has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
