Itochu

Itochu's Carbon Emissions and Climate Commitments

Itochu, headquartered in Japan and operating in wholesale trade and commission trade services, has set ambitious climate targets. The company aims for net-zero greenhouse gas (GHG) emissions by 2050. Intermediate targets include a 75% reduction from 2018 levels by 2040 and a 40% reduction from 2018 levels by 2030, covering Scope 1, Scope 2, and Scope 3 emissions. Itochu also strives for "offset zero" by 2040, meaning avoided emissions will exceed its own GHG emissions.

In 2024, Itochu reported total GHG emissions of approximately 3.92 billion kg CO2e. This included around 1.06 billion kg CO2e from Scope 1 emissions, approximately 627 million kg CO2e from Scope 2 emissions, and roughly 2.24 billion kg CO2e from Scope 3 emissions. Key Scope 3 contributors in 2024 were franchises (about 947 million kg CO2e), capital goods (approximately 506 million kg CO2e), and fuel and energy-related activities (around 378 million kg CO2e).

Looking ahead to 2026, Itochu projects Scope 1 emissions of approximately 1.16 billion kg CO2e and Scope 2 emissions of about 699 million kg CO2e.

Itochu has also achieved certain targets ahead of schedule, reducing GHG emissions from fossil fuel businesses and interests by 50% compared with FYE 2019 levels. Additionally, they achieved a target to reduce Scope 1 and Scope 2 emissions by 50% from FYE 2019 levels by 2023.