Mitsubishi Heavy Industries

Mitsubishi Heavy Industries, a Japanese company in the machinery and equipment sector, reported total carbon emissions of approximately 885.2 billion kg CO2e in 2024. This includes about 134 million kg CO2e from Scope 1, 402 million kg CO2e from Scope 2 (market-based), and approximately 884.6 billion kg CO2e from Scope 3 emissions. A significant portion of Scope 3 emissions, about 877 billion kg CO2e, was attributed to the use of sold products.

Looking back, their total emissions in 2023 were approximately 850.7 billion kg CO2e, with Scope 1 at 129 million kg CO2e, Scope 2 at 378 million kg CO2e, and Scope 3 at about 850.2 billion kg CO2e. In 2022, total emissions stood at approximately 1237.1 billion kg CO2e, comprising 137 million kg CO2e from Scope 1, 382 million kg CO2e from Scope 2, and about 1236.5 billion kg CO2e from Scope 3.

Mitsubishi Heavy Industries has made several climate commitments. Under its "MISSION NET ZERO" 2040 Carbon Neutrality Declaration, the company aims to reduce Scope 1 and Scope 2 CO2 emissions by 50% by 2030, using a 2014 baseline. Additionally, the company is targeting net zero CO2 emissions from its operations (Scopes 1 and 2) by 2040. For its value chain (Scope 3), Mitsubishi Heavy Industries intends to achieve net zero CO2 emissions by 2040, including reductions through Carbon Capture, Utilisation, and Storage (CCUS). This value chain target also includes a 50% reduction in Scope 3 CO2 emissions by 2030, compared to 2019 levels. Separately, the company aims to reduce Scope 1 and Scope 2 emissions by 16% in terms of unit CO2 emissions by 2030, against a 2014 baseline.