Mitsubishi Heavy Industries

Mitsubishi Heavy Industries (MHI), headquartered in Japan and operating in the machinery and equipment sector, has established a comprehensive climate strategy aimed at carbon neutrality by 2040. The company is actively working to reduce its greenhouse gas emissions, with specific targets for Scope 1 and Scope 2 emissions.

For the fiscal year 2024, MHI reported approximately 132 million kg CO2e for Scope 1 emissions and about 402 million kg CO2e for Scope 2 emissions. In the preceding year, 2023, Scope 1 emissions were approximately 137 million kg CO2e, and Scope 2 emissions were around 378 million kg CO2e.

MHI has set a significant near-term reduction goal: to decrease its Scope 1 and 2 CO2 emissions by 50% by 2030, using 2014 as the baseline year. This target is part of their broader "MISSION NET ZERO" initiative. Additionally, there is a commitment to reduce Scope 1 and Scope 2 emissions by 30% by 2030 from a 2020 baseline. While Scope 3 data is not fully disclosed for recent years, the company has reported Scope 3 emissions of approximately 720.5 billion kg CO2e in 2020, with purchased goods and services and the use of sold products being the largest contributing categories.

MHI is committed to transparency and has provided emissions data for various years, showcasing a gradual reduction in Scope 1 and Scope 2 emissions over time, particularly from 2018 onwards, although year-on-year fluctuations are present. The company's commitment extends to achieving net-zero emissions by 2040.