Mitsubishi Heavy Industries

Mitsubishi Heavy Industries's reported carbon emissions

Mitsubishi Heavy Industries (MHI), headquartered in Japan and operating in the machinery and equipment sector, has outlined significant carbon emission reduction targets. The company's "MISSION NET ZERO" initiative aims for carbon neutrality by 2040, with a near-term goal to reduce MHI Group CO2 emissions (Scopes 1 and 2) by 50% from 2014 levels by 2030. For the reporting year 2024, MHI reported Scope 1 emissions of approximately 132,000,000 kg CO2e and Scope 2 emissions of approximately 402,000,000 kg CO2e. In 2023, Scope 1 emissions were approximately 137,000,000 kg CO2e, and Scope 2 emissions were approximately 378,000,000 kg CO2e. In 2022, Scope 1 emissions totalled approximately 172,000,000 kg CO2e, with Scope 2 emissions at approximately 382,000,000 kg CO2e. Looking further back, Scope 1 and 2 emissions for 2021 were approximately 550,000,000 kg CO2e. In 2020, total Scope 1 and 2 emissions were also approximately 550,000,000 kg CO2e. Significantly, MHI reported substantial Scope 3 emissions in 2020, amounting to approximately 720,474,000,000 kg CO2e, with purchased goods and services accounting for approximately 4,935,000,000 kg CO2e and the use of sold products contributing approximately 71,500,000,000 kg CO2e. Prior to 2020, MHI provided data for Scope 1 and Scope 2 emissions individually. In 2019, Scope 1 emissions were approximately 185,000,000 kg CO2e, and Scope 2 market-based emissions were approximately 526,000,000 kg CO2e, with Scope 3 emissions totalling approximately 136,595,800,000 kg CO2e. In 2018, Scope 1 emissions were approximately 270,000,000 kg CO2e, and Scope 2 market-based emissions were approximately 609,000,000 kg CO2e. In 2017, Scope 1 emissions were approximately 317,000,000 kg CO2e, and Scope 2 market-based emissions were approximately 649,000,000 kg CO2e. In 2016, Scope 1 emissions were approximately 406,000,000 kg CO2e. For 2015, Scope 1 emissions were approximately 538,000,000 kg CO2e, and Scope 2 emissions were approximately 64,400,000 kg CO2e, with Scope 3 emissions (purchased goods and services) of approximately 4,000,000 kg CO2e. In 2014, total Scope 1 and 2 emissions were approximately 950,000,000 kg CO2e. In 2013, Scope 1 emissions were approximately 474,000,000 kg CO2e, Scope 2 emissions were approximately 160,700,000 kg CO2e, and Scope 3 emissions were approximately 318,000,000 kg CO2e. MHI's reduction targets include a 30% reduction in Scope 1 and Scope 2 emissions from a 2020 baseline by 2030. The company is actively working towards its 2030 goals, with some targets currently reported as on track. While Scope 3 data is not fully disclosed for all years, MHI has indicated missing data points for categories such as purchased goods and services.