Iwasaki Electric Co., Ltd.
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 32 is higher than 54% 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 a significant 3,942,000,000 kg CO2e for Scope 3 emissions, primarily from purchased goods and services. This brings the combined total for Scope 1 and 2 emissions to about 1,105,000,000 kg CO2e. Iwasaki Electric has set ambitious climate commitments, aiming for a 50% reduction in Scope 1 and 2 emissions and a 30% reduction in Scope 3 emissions by 2030, using 2019 as the baseline year. Additionally, the company is 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 goals of reducing absolute Scope 1 and 2 GHG emissions by 42% by FY2030 from a FY2020 base year, alongside a 25% reduction in Scope 3 emissions from purchased goods and services and the use of sold products within the same timeframe. Iwasaki Electric's emissions data is not cascaded from any parent company, indicating that these figures and commitments are independently reported. The company is actively working towards its climate goals, reflecting a strong commitment to sustainability in the electrical equipment and machinery sector.
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| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | - | - | - | - | 0,000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | - | - | - | - | - | 0,000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | - | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
Industry emissions intensity
Location emissions 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.
Iwasaki Electric Co., Ltd. is participating in some of the initiatives that 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.
