Mitsubishi Electric

Mitsubishi Electric, headquartered in Japan and operating in the other miscellaneous electrical equipment and components industry, is committed to reducing its carbon emissions.

For 2023, Mitsubishi Electric reported total Scope 1 emissions of 272,000,000 kg CO2e and Scope 2 (market-based) emissions of 679,000,000 kg CO2e. Their total Scope 3 emissions for the same year were approximately 182.4 billion kg CO2e. Key categories within Scope 3 included use of sold products (about 168.6 billion kg CO2e) and purchased goods and services (about 11.9 billion kg CO2e). For the year 2022, total Scope 1 emissions were 276,000,000 kg CO2e, and Scope 2 (market-based) emissions were 819,000,000 kg CO2e. Total Scope 3 emissions in 2022 were approximately 159.7 billion kg CO2e, with use of sold products accounting for about 148.3 billion kg CO2e. In 2021, Scope 1 emissions were 240,000,000 kg CO2e, and Scope 2 (market-based) emissions were 732,000,000 kg CO2e. Total Scope 3 emissions for 2021 were approximately 152.8 billion kg CO2e, including about 152.8 billion kg CO2e from the use of sold products.

Mitsubishi Electric has set several climate commitments. The company aims for net-zero greenhouse gas emissions across its entire value chain by 2050. More immediate targets include a 42% absolute reduction in Scope 1 and 2 GHG emissions by fiscal year 2031, compared to a fiscal year 2022 base year. They also aim for a 30% absolute reduction in Scope 3 GHG emissions by fiscal year 2031, against a fiscal year 2019 base year. These near-term targets for Scope 1, 2, and 3 have been approved by the Science Based Targets initiative (SBTi) and are considered consistent with reductions required to keep warming to 1.5°C.

Previously, Mitsubishi Electric committed to reducing total Scope 1 and 2 GHG emissions by 18% by 2030 from a 2016 base year, and absolute Scope 3 GHG emissions by 15% by 2030 from a 2018 base year, which were classified by SBTi as consistent with a 2°C warming scenario. The company also aims to achieve net-zero greenhouse gas emissions from its factories and offices by fiscal year 2031.