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OrganisationsMitsubishi Chemical
Mitsubishi Chemical logo

Mitsubishi Chemical

Other Chemical and Allied Products Merchant WholesalersJapanJPX: 4188.T
Last verified 10 months agomccml.co.jp

Mitsubishi Chemical Corporation, commonly referred to as Mitsubishi Chemical, is a prominent player in the "Other Chemical and Allied Products Merchant Wholesalers" industry. Headquartered in Japan, the company operates extensively across Asia and beyond, serving a diverse range of industrial sectors. Founded in 2000 through the integration of Mitsubishi Chemical and Mitsubishi Pharma, it has established a strong market presence through its innovative chemical solutions.

The company specialises in the production and distribution of advanced chemical products, including performance materials, functional chemicals, and healthcare-related substances. Mitsubishi Chemical’s commitment to technological innovation and sustainability has earned it a notable position within the global chemical industry. Its core offerings are recognised for their quality and unique applications, supporting various manufacturing and research endeavours worldwide.

54
DitchCarbon score

-6 vs industry average

Mitsubishi Chemical’s score of 54 is higher than 53% of the industry. This can give you a sense of how well the company is doing compared to its peers.

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Industry Intensity

Low

Other Chemical and Allied Products Merchant Wholesalers has below-average carbon intensity

Industry performance

0.178
20182025

The Other Chemical and Allied Products Merchant Wholesalers industry has reduced its overall emissions by 36% since 2018

Emissions trajectory 2020 – 2027

00.0B00.0B00.0B00B0

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20202021202220232024202520262027

Reported emissions

Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e

Scope 3 accounts for ••• of total emissions.

Mitsubishi Chemical's reported carbon emissions

Mitsubishi Chemical, headquartered in Japan and operating within the Other Chemical and Allied Products Merchant Wholesalers industry, reported a total of approximately 53.78 billion kg CO2e for the year 2024. This figure encompasses Scope 1, 2, and 3 emissions.

For 2023, the company's total emissions were approximately 60.84 billion kg CO2e. In 2022, total emissions stood at approximately 63.35 billion kg CO2e, and in 2021, they were approximately 69.72 billion kg CO2e.

Mitsubishi Chemical has set ambitious climate commitments. The MCG Group aims for a 29% reduction in GHG emissions by fiscal year 2030 compared to fiscal year 2019, covering Scope 1 and Scope 2 emissions. Furthermore, the company has committed to achieving carbon neutrality by 2050, with a roadmap in place to align with this long-term goal. They have also set a target to halve emissions by FY2030, using FY2020 as the new baseline.

The company's Scope 3 emissions are a significant component of its total footprint. In 2024, Scope 3 emissions accounted for approximately 40.96 billion kg CO2e, with purchased goods and services (around 16.90 billion kg CO2e) and use of sold products (approximately 11.36 billion kg CO2e) being the largest contributors. For 2023, Scope 3 emissions were approximately 47.05 billion kg CO2e, with purchased goods and services and use of sold products being the most substantial categories. In 2022, Scope 3 emissions were approximately 48.98 billion kg CO2e, and in 2021, they were approximately 53.64 billion kg CO2e.

Data for Mitsubishi Chemical is not cascaded from a parent organisation, with its performance and initiative sources directly linked to Mitsubishi Chemical Group Corporation.

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Mitsubishi Chemical’s Climate Goals (2030 & 2050)

2025

Near-zero scope 1 & 2

Target to achieve near-zero emissions for direct operations and purchased energy

On track94%

2030

62% reduction in total GHG

Vs 2019 baseline. Validated by SBTi. Includes full supply chain.

At risk48%

2040

50% reduction in Scope 3 intensity

Across purchased goods and services and logistics.

Behind target22%

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Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.

Scope 3 top emissions categories

10 of 15 categories disclosed
Purchased Goods & Services41%
Use of Sold Products28%
End-of-Life Treatment17%
Fuel & Energy Activities5%
Investments5%
Capital Goods2%
Waste Generated in Operations0%
Downstream Leased Assets0%
Purchased Goods & Services41%
Use of Sold Products28%
End-of-Life Treatment17%
Fuel & Energy Activities5%
Investments5%
Capital Goods2%
Waste Generated in Operations0%
Downstream Leased Assets0%

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Climate initiatives

SCIENCE BASED TARGETS

Science Based Targets Initiative

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Not active
CDP

Carbon Disclosure Project

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Active
THE CLIMATE PLEDGE

The Climate Pledge

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Not active
United Nations Global Compact

UN Global Compact Climate Champions initiative

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Active
RE 100

RE 100

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Not active
Climate Action 100+

Climate Action 100

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Not active

Emissions comparison with industry peers

View similar organisations
CompanyCountryIndustryLast updatedScoreDetails
Mitsubishi Chemical logoMitsubishi Chemical
JPOther Chemical and Allied Products Merchant Wholesalers
10 months ago
54
Arkema logoArkema
FROther Basic Inorganic Chemical Manufacturing
58 seconds ago
86
View
Lyondellbasell logoLyondellbasell
NLChemicals
3 days ago
82
View
BASF SE logoBASF SE
DEChemicals
3 minutes ago
81
View
Dupont logoDupont
USOther Basic Inorganic Chemical Manufacturing
4 hours ago
81
View
Covestro logoCovestro
DEChemicals
1 day ago
70
View
Solvay logoSolvay
BEChemicals
3 days ago
69
View

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