Iwasaki Electric Co., Ltd. Sustainability Profile
Iwasaki Electric Co., Ltd., a prominent player in the lighting and electrical equipment industry, is headquartered in Japan. Founded in 1912, the company has established itself as a leader in innovative lighting solutions, particularly in the fields of LED technology and industrial lighting. With a strong presence in both domestic and international markets, Iwasaki Electric operates extensively across Asia and beyond. The company is renowned for its high-quality products, including energy-efficient LED lighting systems and advanced control technologies, which are designed to enhance energy savings and environmental sustainability. Iwasaki Electric's commitment to research and development has led to numerous industry accolades, solidifying its position as a trusted name in the electrical sector. With a focus on innovation and quality, Iwasaki Electric continues to shape the future of lighting solutions globally.
DitchCarbon Score
How does Iwasaki Electric Co., Ltd.'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 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.
Industry Benchmark
Iwasaki Electric Co., Ltd.'s score of 44 is higher than 63% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Iwasaki Electric Co., Ltd.'s reported carbon emissions
In 2023, Iwasaki Electric Co., Ltd. reported total carbon emissions of approximately 7,000,000 kg CO2e for Scope 1, 405,000,000 kg CO2e for Scope 2, and about 3,942,000,000 kg CO2e for Scope 3 emissions, resulting in a combined total of approximately 4,352,000,000 kg CO2e. This data reflects a commitment to transparency in emissions reporting across all scopes. Iwasaki Electric has set ambitious reduction targets, aiming for a 50% decrease in combined Scope 1 and 2 emissions and a 30% reduction in Scope 3 emissions by 2030, using 2019 as the baseline year. Additionally, the company has committed to achieving net zero emissions across all scopes by 2050. These targets align with the Science Based Targets initiative (SBTi), which has validated their near-term goal of reducing absolute Scope 1 and 2 greenhouse gas emissions by 42% by FY2030 from a FY2020 baseline, alongside a 25% reduction in Scope 3 emissions. The company's proactive approach to climate commitments underscores its dedication to sustainability and aligns with industry standards for climate action.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 609,000,000 | 000,000,000 |
| Scope 2 | 405,000,000 | 000,000,000 |
| Scope 3 | 3,942,000,000 | 0,000,000,000 |
How Carbon Intensive is Iwasaki Electric Co., Ltd.'s Industry?
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Iwasaki Electric Co., Ltd.'s Scope 3 Categories Breakdown
Iwasaki Electric Co., Ltd.'s Scope 3 emissions, which increased by 0% last year and increased by approximately 0% since 2022, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 78% of total emissions under the GHG Protocol, with "Purchased Goods and Services" representing nearly all of their reported Scope 3 footprint.
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Iwasaki Electric Co., Ltd.'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.
Iwasaki Electric Co., Ltd. has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
Frequently Asked Questions
Common questions about Iwasaki Electric Co., Ltd.'s sustainability data and climate commitments