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Mitsubishi Heavy Industries, Ltd. (MHI) is a prominent player in the machinery and equipment sector, specifically classified under "Machinery and equipment n.e.c. (29)." Headquartered in Japan, MHI operates extensively across Asia, Europe, and the Americas, providing innovative solutions in various industries. Founded in 1884, the company has achieved significant milestones, including advancements in aerospace, energy, and transportation technologies.
MHI's core offerings encompass a diverse range of products, from power generation systems to advanced manufacturing equipment, distinguished by their commitment to quality and sustainability. With a strong market position, MHI is recognised for its engineering excellence and has received accolades for its contributions to environmental conservation and technological innovation. As a leader in its field, Mitsubishi Heavy Industries continues to shape the future of industrial machinery and equipment.
+21 vs industry average
Mitsubishi Heavy Industries’s score of 48 is higher than 64% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Machinery and Equipment has above-average carbon intensity
The Machinery and Equipment industry has reduced its overall emissions by 37% since 2018
Scope 3 accounts for ••• of total emissions.
Mitsubishi Heavy Industries reported total emissions of approximately 885.175 billion kg CO2e in 2024. This includes about 134 million kg CO2e from Scope 1, approximately 402 million kg CO2e from Scope 2 (market-based: 384 million kg CO2e; location-based: 426 million kg CO2e), and around 884.641 billion kg CO2e from Scope 3. Key Scope 3 contributors include Use of Sold Products (877 billion kg CO2e) and Purchased Goods and Services (6.883 billion kg CO2e).
The company has set a target to achieve net-zero CO2 emissions from its operations (Scope 1 and 2) by 2040. As part of its "MISSION NET ZERO", it aims to reduce Scope 1 and 2 emissions by 50% by 2030, compared to 2014 levels. Additionally, Mitsubishi Heavy Industries plans to reduce CO2 emissions across its entire value chain (Scope 3, including CCUS contribution) by 50% by 2030, compared to 2019 levels, and achieve net-zero for Scope 3 by 2040. Separate targets include a 30% reduction in Scope 1 emissions and a 30% reduction in Scope 2 emissions by 2030, both from a 2020 baseline. It also aims to reduce unit CO2 emissions (Scope 1 and 2 intensity) by 16% in 2030, compared to 2014.
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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