Idemitsu Kosan Global

Idemitsu Kosan Global's commitment to climate action is demonstrated through significant carbon emission reduction targets. For fiscal year 2023, the company reported total global emissions of approximately 13.67 billion kg CO2e. This figure encompasses Scope 1, Scope 2, and Scope 3 emissions, with Scope 3 accounting for the largest portion, approximately 11.40 billion kg CO2e, primarily driven by the use of sold products. Scope 1 emissions were around 1.10 billion kg CO2e, and Scope 2 emissions stood at approximately 1.17 billion kg CO2e.

Looking at the most recent reporting year, 2024, Idemitsu Kosan Global reported total emissions of approximately 13.66 billion kg CO2e. Scope 1 emissions were around 1.09 billion kg CO2e, and Scope 2 emissions were approximately 1.17 billion kg CO2e. Scope 3 emissions were approximately 11.40 billion kg CO2e, with the use of sold products being the dominant category.

Idemitsu Kosan Global has set ambitious goals for decarbonisation. The company aims for carbon neutrality (net zero CO2 emissions) by 2050. This long-term objective includes achieving carbon neutrality in its own operations (Scope 1 and 2) by the same year. As a near-term target, Idemitsu Kosan Global is committed to a 46% reduction in Scope 1 and 2 emissions by 2030, compared to a 2013 baseline. The company is actively working to reduce CO2 emissions throughout its value chain, including transforming its petroleum business by developing innovative technologies and promoting their widespread adoption. Efforts also focus on resource recycling, utilising non-petroleum resources, and reducing the environmental burden of corporate activities to contribute to a circular economy and the conservation of the natural environment.