Mitsubishi Materials

Mitsubishi Materials's reported carbon emissions

Mitsubishi Materials Corporation, operating in the cement, lime, and plaster industry in Japan, has established clear commitments to reduce its greenhouse gas (GHG) emissions. For the fiscal year ending March 2021 (FY2021), the company reported significant emissions: * **Scope 1 and 2 emissions:** Approximately 935,000,000 kg CO2e. * **Scope 3 emissions:** Approximately 1,000,000,000 kg CO2e. More recently, for the fiscal year ending March 2025 (FY2025), Mitsubishi Materials reported: * **Scope 1 emissions:** Approximately 312,000,000 kg CO2e. * **Scope 2 emissions:** Approximately 274,000,000 kg CO2e. * **Combined Scope 1 and 2 emissions:** Approximately 688,000,000 kg CO2e. The company has set ambitious reduction targets: * **Science-Based Targets initiative (SBTi):** Mitsubishi Materials Corporation commits to reducing absolute Scope 1 and 2 GHG emissions by 42% by FY2031 from a FY2021 base year. Additionally, they aim to reduce absolute Scope 3 GHG emissions from purchased goods and services, fuel and energy-related activities, and investments by 13% within the same timeframe. * **Long-term targets:** * A 47% reduction in emissions (excluding GHG emitted due to resource recycling efforts) by FYE March 2031 compared to FYE March 2021. * A reduction in Scope 1 + Scope 2 emissions by 65% by FY2035 and an 82% reduction by FY2041, both compared to the FYE March 2021 level. * Carbon neutrality, including GHG emissions from resource recycling efforts, by the fiscal year ending March 2046. * **Renewable Energy:** To support its carbon neutrality goal, Mitsubishi Materials aims for a 100% renewable energy usage rate for electricity by the fiscal year ending March 2036. The company's climate commitments demonstrate a progressive approach to decarbonisation within the cement industry.