Public Profile

Hy24

Hy24, officially known as Hy24 Partners, is a leading investment firm headquartered in Japan, with significant operations across Europe and North America. Founded in 2021, Hy24 focuses on the hydrogen economy, aiming to accelerate the transition to clean energy through strategic investments in hydrogen-related projects and technologies. The firm distinguishes itself by offering a unique blend of financial expertise and deep industry knowledge, targeting innovative solutions in hydrogen production, storage, and distribution. With a commitment to sustainability, Hy24 has quickly established a strong market position, becoming a key player in the burgeoning hydrogen sector. Notable achievements include partnerships with major industry stakeholders and a growing portfolio of investments that underscore its role in shaping a greener future.

DitchCarbon Score

How does Hy24'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.

21

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.

18

Industry Benchmark

Hy24's score of 21 is higher than 71% of the industry. This can give you a sense of how well the company is doing compared to its peers.

71%

Hy24's reported carbon emissions

In 2023, Hy24 reported total carbon emissions of approximately 589,000 kg CO2e. This marks a significant reduction from 2022, where emissions were about 957,000 kg CO2e, indicating a decrease of approximately 368,000 kg CO2e. The emissions breakdown for 2022 included 1,000 kg CO2e from Scope 1 and 956,000 kg CO2e from Scope 3 emissions. Hy24 has set ambitious climate commitments, aiming to reduce its Scope 1 and Scope 2 greenhouse gas emissions by 42% by 2030, using 2022 as the base year. This target has been validated by the Science Based Targets initiative (SBTi) and aligns with the necessary reductions to limit global warming to 1.5°C. Additionally, Hy24 is committed to measuring and reducing its Scope 3 emissions, further enhancing its climate action strategy.

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2022
Scope 1
1,000
Scope 2
-
Scope 3
956,000

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Hy24's primary industry is Electrical machinery and apparatus n.e.c. (31), which is medium in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. Hy24 is headquartered in JP, which has a rank of low, indicating low grid carbon intensity.

Reduction initiatives & disclosure networks

Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.

Hy24 is committed to some reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.

SBTi
CDP
The Climate Pledge
UN Global Compact
Carbon Disclosure Project
The Climate Pledge
UN Global Compact

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Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers