Meidensha

Meidensha, a Japanese company in the motor vehicles, trailers and semi-trailers industry, reported total carbon emissions of approximately 7.33 billion kg CO2e in 2023. This includes Scope 1 emissions of 16.7 million kg CO2e, Scope 2 market-based emissions of 17.5 million kg CO2e (or location-based emissions of 26.4 million kg CO2e), and Scope 3 emissions of 7.30 billion kg CO2e.

For 2022, Meidensha's total carbon emissions were approximately 6.85 billion kg CO2e, with Scope 3 emissions at 5.75 billion kg CO2e. In 2021, Scope 3 emissions were approximately 5.92 billion kg CO2e, and in 2020, they were around 6.05 billion kg CO2e.

Meidensha has committed to ambitious climate targets. The company aims for Carbon Neutrality by 2050. They also have Science Based Targets initiative (SBTi) approved targets:

• A near-term target to reduce absolute Scope 1 and 2 GHG emissions by 50% by FY2030 from a FY2019 base year.
• A near-term target to reduce absolute Scope 3 GHG emissions by 30% by FY2030 from a FY2019 base year. This supersedes an earlier SBTi commitment to reduce absolute Scope 3 GHG emissions from use of sold products by 15% by FY2030/31 from a FY2019/20 base year.
• A publicly stated target to reduce Scope 3 (all categories) emissions by 3% by 2030 compared to FY2019 levels.