Mitsubishi Chemical Sustainability Profile
Mitsubishi Chemical Corporation, a leading player in the chemical industry, is headquartered in Japan (JP) and operates extensively across Asia, Europe, and the Americas. Founded in 1933, the company has evolved significantly, marking key milestones in innovation and sustainability. Mitsubishi Chemical focuses on a diverse range of business areas, including performance materials, industrial chemicals, and healthcare solutions. Its core products, such as advanced polymers and specialty chemicals, are distinguished by their high quality and innovative applications. With a strong market position, Mitsubishi Chemical is recognised for its commitment to sustainable development and technological advancement, making it a trusted partner in various industries. The company continues to drive progress, contributing to a more sustainable future while meeting the evolving needs of its global clientele.
DitchCarbon Score
How does Mitsubishi Chemical'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 Chemicals 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
Mitsubishi Chemical's score of 46 is higher than 67% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Mitsubishi Chemical's reported carbon emissions
In 2023, Mitsubishi Chemical reported total carbon emissions of approximately 61,072,000,000 kg CO2e. This figure includes Scope 1 emissions of about 6,727,000,000 kg CO2e, Scope 2 emissions of around 7,299,000,000 kg CO2e, and significant Scope 3 emissions totalling approximately 47,046,000,000 kg CO2e. The Scope 3 emissions breakdown reveals substantial contributions from purchased goods and services (about 17,749,000,000 kg CO2e) and the use of sold products (approximately 16,146,000,000 kg CO2e). Mitsubishi Chemical has set ambitious climate commitments, aiming for a 29% reduction in greenhouse gas (GHG) emissions by fiscal 2030 compared to fiscal 2019 levels. This target applies to both Scope 1 and Scope 2 emissions. Furthermore, the company has outlined a long-term goal to achieve carbon neutrality by 2050, encompassing all scopes of emissions. The emissions data is sourced directly from Mitsubishi Chemical Group Corporation, with no cascaded data from parent or related organisations. The company is actively working towards its reduction targets while maintaining transparency in its emissions reporting.
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| 2012 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 8,991,000,000 | 0,000,000,000 | 0,000,000,000 | - | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 7,665,000,000 | 0,000,000,000 | 0,000,000,000 | - | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 3 | 40,400,000,000 | 00,000,000,000 | 00,000,000,000 | - | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
How Carbon Intensive is Mitsubishi Chemical's Industry?
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Mitsubishi Chemical's Scope 3 Categories Breakdown
Mitsubishi Chemical's Scope 3 emissions, which decreased by 4% last year and increased by approximately 16% since 2012, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 77% of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 38% of Scope 3 emissions.
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Mitsubishi Chemical'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.
Mitsubishi Chemical 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.
