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Hokuriku Electric Power Company, commonly referred to as Hokuden, is a prominent player in the electricity sector, headquartered in Toyama, Japan. Established in 1951, the company has significantly contributed to the energy landscape in the Hokuriku region, which includes Toyama, Ishikawa, and Fukui Prefectures.
Specialising in the generation, transmission, and distribution of electricity, Hokuden is known for its commitment to sustainable energy solutions and innovative technologies. The company has made notable strides in renewable energy, enhancing its market position as a leader in eco-friendly power generation. With a focus on customer satisfaction and community engagement, Hokuriku Electric Power continues to play a vital role in powering the region while embracing advancements in the electricity industry.
-1 vs industry average
Hokuriku Electric Power’s score of 15 is lower than 41% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Electricity from Other Sources is among the most carbon-intensive industries
The Electricity from Other Sources industry has reduced its overall emissions by 36% since 2018
Scope 3 accounts for ••• of total emissions.
Hokuriku Electric Power, an Electricity nec company headquartered in JP, reported its 2023 Scope 1 emissions as approximately 13.15 billion kg CO2e, Scope 2 emissions as 20,000 kg CO2e, and Scope 3 emissions as about 4.52 billion kg CO2e. This includes Scope 3 emissions from categories such as fuel and energy-related activities (around 3.82 billion kg CO2e) and capital goods (270 million kg CO2e).
For 2022, the company's Scope 1 emissions were approximately 17.48 billion kg CO2e, Scope 2 emissions were 20,000 kg CO2e, and Scope 3 emissions totalled about 4.37 billion kg CO2e. In 2021, Hokuriku Electric Power's Scope 1 emissions were around 18.76 billion kg CO2e and Scope 3 emissions were approximately 5.83 billion kg CO2e. For 2020, Scope 1 emissions were about 16.69 billion kg CO2e, Scope 2 emissions were 80,000 kg CO2e, and Scope 3 emissions were approximately 5.02 billion kg CO2e.
Hokuriku Electric Power has set several near-term absolute reduction targets. They aim to reduce GHG emissions from their business activities (Scope 1 and 2) by 55% by FY 2025 and by 70% by FY 2030, using a 2013 baseline. Additionally, the company is targeting a 50% reduction in GHG emissions across its entire supply chain (Scope 1, 2, and 3) by FY 2030, also against a 2013 baseline.
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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