Meidensha Sustainability Profile
Meidensha Corporation, commonly referred to as Meidensha, is a prominent player in the electrical and mechanical engineering industry, headquartered in Japan. Established in 1897, the company has a rich history marked by innovation and growth, particularly in the fields of power generation, transportation, and industrial automation. With a strong presence in Asia and beyond, Meidensha excels in providing cutting-edge solutions such as electrical equipment, control systems, and railway technologies. Their unique offerings, including high-efficiency transformers and advanced control systems, set them apart in a competitive market. Recognised for their commitment to quality and sustainability, Meidensha has achieved significant milestones, solidifying their position as a leader in the industry. Their dedication to technological advancement continues to drive their success and influence in the global market.
DitchCarbon Score
How does Meidensha'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 Motor Vehicle 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
Meidensha's score of 50 is higher than 68% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Meidensha's reported carbon emissions
In 2023, Meidensha Corporation reported total greenhouse gas emissions of approximately 4,751,900 kg CO2e from Scope 1 and 2 combined. This includes 16,719,000 kg CO2e from Scope 1 and 17,513,000 kg CO2e from Scope 2 (market-based). The company also disclosed significant Scope 3 emissions, totalling about 7,301,094,000 kg CO2e, with the largest contributions from the use of sold products (5,891,693,000 kg CO2e) and purchased goods and services (1,326,731,000 kg CO2e). Meidensha has set ambitious climate commitments, aiming for carbon neutrality by 2050. The company has committed to reducing absolute Scope 1 and 2 GHG emissions by 30% by FY2030/31 from a FY2019/20 baseline. Additionally, it aims to reduce Scope 3 emissions from the use of sold products by 15% over the same timeframe. More recently, Meidensha has escalated its targets, committing to a 50% reduction in absolute Scope 1 and 2 emissions and a 30% reduction in Scope 3 emissions by FY2030 from a FY2019 baseline. These targets align with the Science Based Targets initiative (SBTi) and reflect Meidensha's commitment to addressing climate change within the electrical equipment and machinery sector. The company is actively working towards these goals, demonstrating a proactive approach to sustainability and emissions reduction.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 16,491,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 24,980,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 6,370,916,059,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
How Carbon Intensive is Meidensha's Industry?
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Meidensha's Scope 3 Categories Breakdown
Meidensha's Scope 3 emissions, which increased by 27% last year and decreased by approximately 100% since 2019, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Use of Sold Products" being the largest emissions source at 81% of Scope 3 emissions.
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Meidensha'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.
Meidensha 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.
