Mitsubishi Chemical

Mitsubishi Chemical, headquartered in Japan and operating within the Other Chemical and Allied Products Merchant Wholesalers industry, has reported significant greenhouse gas (GHG) emissions.

For the fiscal year 2024, the company's total GHG emissions were approximately 53.8 billion kg CO2e. This figure includes Scope 1 emissions of about 6.3 billion kg CO2e, Scope 2 emissions of approximately 6.5 billion kg CO2e, and substantial Scope 3 emissions totalling around 41.0 billion kg CO2e. Key contributors to their Scope 3 emissions include purchased goods and services (approximately 16.9 billion kg CO2e) and the use of sold products (approximately 11.4 billion kg CO2e).

In fiscal year 2023, Mitsubishi Chemical's total emissions stood at approximately 60.8 billion kg CO2e, with Scope 1 emissions at about 6.5 billion kg CO2e, Scope 2 at around 7.3 billion kg CO2e, and Scope 3 at approximately 47.0 billion kg CO2e. The previous year, 2022, saw total emissions of about 63.3 billion kg CO2e, comprising Scope 1 emissions of approximately 6.7 billion kg CO2e, Scope 2 emissions of roughly 7.7 billion kg CO2e, and Scope 3 emissions of approximately 49.0 billion kg CO2e.

Mitsubishi Chemical is committed to climate action, with a stated goal to achieve carbon neutrality by 2050. This long-term ambition is supported by a near-term target to reduce GHG emissions by 29% by fiscal year 2030, compared to a fiscal year 2019 baseline. This reduction target applies to both Scope 1 and Scope 2 emissions. Additionally, a separate target aims to halve GHG emissions by FY2030, using FY2020 as the new baseline. The company's emissions data is not cascaded from a parent organisation, indicating direct reporting.